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-.r.�.yu�:c <br /> . . . '.��.+'_'_�.r�. <br /> �i'y4 <br /> • ' •i ' � • • ^ ��"':�;^'}'�. <br /> r . . . ' . . �i+ <br /> NO'�Y, 7l IGRCFORC•, thc partics do agrec: <br /> �, The City has adopted a comprehensi��e ordinance to provide tor the <br /> improvcrnent of Casino Road betwecn Airport Rozd and Gvergreen \Vay; a copy of <br /> tlie ordinance is attached a's C•xfiibit A to this l�greement and incorporated herein <br /> by this re;erence as if fully set forth. The City is also experiencing a strong <br /> � demand for ho�sing. The City would like to facilitat� the construction oi new <br /> housing and to rrcluc� the effects of inflation on the final costs of housing to the . <br /> residents oi Everett. ' <br /> 2. Developer recop,nizes and acknowledges the need for Improvement of <br /> Casino Road because of the facts set forth herein and Exh[bit A as incorporated <br /> herein. Developer shail fully comply with t��e requirements for o5taining a building <br /> permit for its propos>d development as set forth in Exhibit A, as weli as other Ciiy <br /> ordinances. ' <br /> 3. Upon fultillment by Developer of the requIrements currently set forth <br /> in Exhibit A, and compliance with all other appficable ordinznces and regulatlons, <br /> the City will issue a building permit to Developer for construction oi its proposed <br /> development i� accorda�ce with the plans and specifications o� file Jor ihat project„ <br /> and approved by ihe City oi Everett Building Department. <br /> 4. Developer will not be sl�gled ou: by CiTy to perform any reqvirement. <br /> '� . <br /> whieh'does not apply equally to other developmcnts proposed or to be pru�sc�d <br /> along Casino Road which are similarly situatcd. . • <br /> S. fiailure to comply with the tcrins of .his Agrcement on the part of <br /> Developer shall resuit in immediate sus�nsion of all permits rclated to the <br /> • eoistruction oi the subject dcvelopment; all other remedies of the City induding <br /> e�ihosc under thc Unifo n, �tui�ding (:ode or other ordinances of the City �rc <br /> expresslp pres,=n�ed as additional to �ny remedies herein. <br /> G. Ui�� execution ai this AFreern:nt, and eompliance with <<ll other <br /> applicable ordinanees and rebulations, the City will issue grading and ri�ht of way <br /> usc permits to Dc��eloper for its proposcd dcvclopmcnt in the vicuiity of Casino <br /> l:o�d. Iss:�.�ncc ot �ra;iing ,:nd right ��f ��•.i1' �-.'�mits �h,ll not oDlij;�tc thr. City to <br /> issuc any furthcr permit; until thc Dcvcloper (ul[ills tl�c tenns oi this Agrecment. <br />