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• ' , ,l � , • . • ' . <br /> • <br /> NO1V, 1'I II:R131�ORIi, thc partics do agrcc: <br /> 1. Thc City h�s aclopicd a comprchcnsivc ordinancc to �irovidc (ur the <br /> iinprovcmr:nt of C�uino Ro;�d b�t�vccn Airpurt Rond and I:vcrgrcen \9�iy; a copy ot <br /> thc ordinancc is att�chcd as I:xhibit A to this Agrccmcnt and incorporatcd hcrcin <br /> by ihis rclerence as if fully set iortli. 1'he City is .�Iso experiencint; a strnnt; <br /> dcmand for housin�;. 1'hc City would likc to facilit��tc thc construction of ncw <br /> housing and to rcducc thc c((ccts ot infl;�tion on thc final custs of housint; tu thc <br /> residcnts ot I:vcrett. <br /> 2. Dcvcloper rc�ui;nirc nnd acl;i�owb.di;c�, Ihc nced for improvene�nt nI <br /> C;isino Ro:id bccctusc o[ llic facts sct forlh hcrcin .�nd lizliibit A as incorpor.ticd <br /> Lcrcin. Ue�•cloper sh,ill tully comply �vith thc rcquircmcnts tur obt,iinin�; a huildini; <br /> ' perinit for its propce.cct dcvclo�,rncnt as ;c•t forih in li>:hibit A, ris �vcll ,is othcr City, <br /> ordin.mccs. <br /> 3. Upon tulfillmcnt by Ucvcl�per ot th:: rcquL�cuicnts cuncntl}� sot forth <br /> in lixhibit A, ,�od co;rpli.,ncc with all othcr a�;plicablc ordin.�nces and rr.Uulatio:i-., <br /> thc City �vill issuc � huilding permit to b�vclo,:�r for con�,iruction of its pru�,o>ccl � <br /> dcvclo�,mcnt in acrord;uicc witl� tho pl;:ns nsid sp��citication:, on lilc tor th;it p�oj:-cI <br /> aiid approvcc' by thc City oi livcrctt iluiidinl; Il: pnrt�nc•nt. <br /> 4. Dcvcloper will not bc sin�;lrcl oui by City to p�•rforin .;ny rcq�.iircini�nt <br /> whi�h dc.�s not apply equnlly tu othcr cf�•�-:�I�,pin:uts �,:�,p:si•ci or tu bc pro�n�scd <br /> al:,:i;; C'asino Vio;�d t�hich ;ire si�nil�uly situ,,l: �l. <br /> S. Failurc to coruply wi!h tic tcrin�, ut Ihis A� rr.�n�cn[ nn ihc p;u ; of <br /> I!cvclo�h:r shall result in imtncdi;�tc sus���n;ic,n of all �v_•nnits rcl�ted to tlr. <br /> c�msU'uctirni ot thc suhji ct dcvclnpm�nt; all nthcr rcmcctics oi tlie �:ity inr_ludin�; <br /> thusc und.•r thc Unif��rm 1liiildin�� Co:f:� or r�th:r ordinaiicc:, �I ihc (:ity :i;:� <br /> c>:�,rc�;�ly prescr��:d �is :idJitinn:il to ��n}' rctncclic•; hcrcin. <br /> G. llpon cacttilion of this ALn•emcnt, and complic�ncc tvith all othcr <br /> .ipplicil�l�• orJin;incc:: :ind ret;ul,itions, thc Cily �vill issuc gradinl; and rij;h[ ot t^.i�, <br /> u.,c �r;rmits to Dc�•cloper for its propo�,c•d dc��clopment in th;, vicinity ot Casino <br /> l:o�d. lssuancc of �;r.�dinl; .-md riLht ot tv�y permits sh.ill not obli�;Zlc thc Cily to <br /> i:su�� �n�� furlhcr ��� rinih, u:ilil tlur ll: �� I���n i fultill . �hr tcrni•. �f ihis /1l;rccin�•nt. <br /> l';il:� -�- <br /> � - <br />