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_i <br /> � <br /> �'� `. :� <br /> ; ::r�- : . . . . ... , . . . . . .. . . . _: :. :. <br /> I . nciccr_r.7GNT . <br /> .J <br /> -- � . .. . \ <br /> THIS nGRCCNENT by and between th� City o[ .Everett, a municipa! �� ,_ <br /> 1 eorporation (hercinaftcr referred � to as "City"), . und � <br /> � � Lincoln Property Company N.C. , Inc. • � <br /> I �-- " � <br /> � (licreinafter also referred to us "Develope�"), is cntered into this 21st day \ <br /> oi April . 19RR. . <br /> � • . . <br /> WHEREAS, IanJ in the vicinity of Casino Road between Airport Road nnd <br /> Evergreen Way is sought to be developed in multiple family and sing[e family <br /> � residential uses as well as commercial uses; ^�d <br /> WHEREAS, it Is desirable for the CIty of Evereti to_ encourage tfie . � <br /> proouction oi housing stock within the City while addressing the additional usagt <br /> placed upon public improvements thereby; and • • <br /> . WHEREAS;the planning and enginerring st?ifs of City havr. determined that � <br /> tra;fic generation from such multiple iamily and single family uses as aell as <br /> � commercial uses will adversely impact in a significant manner the vehtcular and ' <br /> ped�strian tratfic i'�w and movesnent upon and adjaceni to Casino Road lxtween <br /> ��� . . , <br /> �� <br /> ► . Airport Road and .:vergreen Way; and _ . , <br /> , . <br /> i • WHtREAS, it is the opinior� oi ihe Responsiblc Oificial of the City inder fis <br /> State Fsvironmental Policy Aci (SEPA) oe•dinance that such significant adverse � . <br /> impact on the vehicular and pede::triah• traffic flow and movement upon ar.d , <br /> adjacent to Casino Road between AirF�orc Road and 1"vr.rgrcen Way may be ' <br /> • ' mitigated ii building,�grading and/or otht+r permits for development in the vfcinity <br /> . � <br /> � oi Casino Road between Airport Road ind Evergreen 1Vay are conditioned to <br /> � , address and mitigate the impacts identifi�:d to bc generaied by ihe development in . <br /> � such viciniiy oi Casino Road; and . <br /> � \VHEREAS, DeveJoper desires to pror.ced with hin �development praject in <br /> ' advance ot the City Council c.omprehensively addressing development alo�g Casino ��- I <br /> �� � . . <br /> Road and the needed publie improvements required th:reby, but Dcvcloper , <br /> understands and is �villin� to prcs^ntly cornmit io the policy decisions and speeific <br /> requirem�nts ��•hich thC City Council deems necessary and appropriate as a result <br /> � � . <br /> i . . • <br /> � of its comprchcnsivc review; <br /> i • <br /> 1 <br /> j • . <br /> • . <br /> j / E <br /> . . Pif�c-��G' r (. , <br />