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AMENDED DEVELOPMENT AGREEMENT <br /> Rockefeller Avenue LLC Rezone <br /> THIS AMENDED AGREEMENT is entered into this 4k, day of lip r i I <br /> 2006, by and between Rockefeller Avenue LLC, 3425 Norton Avenue, Everett, WA <br /> 98201 (hereafter termed, "RAL"), and the City of Everett, a municipal corporation under <br /> the laws of the State of Washington(hereinafter the"City"). <br /> RECITALS <br /> A. RAL owns approximately .34 acres of real property(Lots 6-10, Block <br /> 610) within a .83 acre area(Lots 1-11, Block 610) located on the east side of Rockefeller <br /> Avenue between 26th Street and Everett Avenue (hereafter the "Property"), zoned R-4 <br /> (Multiple Family), as depicted in Exhibit"A," and lying within the incorporated <br /> boundaries of the City. The RAL Property is occupied by a 5 single family homes that <br /> have been divided into multiple family dwelling units. RAL desires to re-zone the <br /> Property to R-5 (Multiple Family) in order to take advantage of economic benefit that <br /> would allow him to provide underground parking and increased unit density at the site. <br /> The City agrees the community would benefit from such an action in this location, <br /> provided certain conditions are met. <br /> B. This Agreement sets forth a design appearance standard for a new multiple <br /> family structure proposed for the site. (attached as Exhibits "B" and "C"). <br /> C. This Agreement is entered into pursuant to RCW 36.70B.170, .180, and <br /> .190. The purpose of this Agreement is to ensure the new multi family structure <br /> proposed for the RAL site will in fact be constructed according to images attached to this <br /> agreement(Exhibit"B" ). <br />