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• .. • . . ..���� _ i. <br /> .� •� � • • � . _ <br /> r . . , , . �r <br /> . •'F . <br /> ' •� p • , ' <br /> ..^1' <br /> NOW, THCRCFORC, thc partics do agree: <br /> �, Tlie City has adopted a comprehensive ordinance to provide for the <br /> improvement of Casino fioad Uctween Airport Road and Evergreen Way; a copy ot <br /> the ordinance is attached a�s Exhib[t A to this Agreement and incorporated herein <br /> by this reference as It fully set torth. The City is also experiencing a strong <br /> demand for housing. The City would like to facilitate the construction oi new <br /> housing and to reduce the effects ot inflation on the final costs ot housing to the i <br /> . � <br /> restdants ot Everett. � <br /> 2. Developer recoP,nlzes and acknowledges the need for lmprovement of <br /> I <br /> Casino Road because of 1he facts set forth here3n and Exhibit A as incorporated <br /> ,herein. Developer shall fully comply with the requirements for obta3nfng a Guilding <br /> pe�mit for its proposed developmmt as set forth in Exhiblt A, as well as other City <br /> ordinances. � <br /> 3, Upon fulfillment by D�veloper oi the requirements currently set forth <br /> In Exhibit A, and compliance with all other applicable•ordinances and regulations, <br /> the City will issue a building permit to Developer for construction of its proposed <br /> developme��t in accordance with the plans and specifications o� file Sor that project,. <br /> and approved by the City oi Everett 8uilding Department. i <br /> 4. Developer will not be singled out by Clty to perform any requlrement <br /> which'do�s not apply equally to other developments proposed or to be proposed <br /> along Casino Road which are similarly situated. ' <br /> 5. Failure to comply with the terms of this Agreement on the part of <br /> Developer shall result in immediate suspansion of all permits related to the <br /> • ca�struction of the subject development; all other remedies of the City 3neluding <br /> thosc under the Uniform Building Code or other c�dinances oi the C[ty are <br /> capressly prescrvcd as additional to any rcmedies hercin. , <br /> 6. Upon execution oi this Agreement, and eompliance wlth all other <br /> applicablc ordinances and re�ulations, thc City will issue grading a�d right of way <br /> usc permits to Dcveloper for Its proposcd dcvelopment in the vicinity of Casino <br /> Ro�d. ]ssuancc of rr�din� and right of W�ay permits shall not obligatc thc City to <br /> issuc any furthcr permit� until thc Dcvcloper ful(ills the tcrms of this Agreement. <br /> Pa�c -2- <br /> . I <br /> . <br /> . , . . , <br />