7815 EVERGREEN WAY BUILDING B 2016-01-01 MF Import

%MRy1 SITE DEVEIAPNENT A17D COST SHARING AGRHEN,EI7T = _- THIS AGREEMENT entered into as of this day o£ December, 1985 between EMBAR EQUITI�S CORPORATION, a Washington r�rporation ("Embar") and STANDARD BRANDS PAINT CO, , a California corpora�ion ("Standard"). RECITALS A. Embar is the owner of real property located in Snohomish County, Washington, which is described more par�icularly in Exhibit_1 hereto (the "Shopping Center"). B. Standard is in the process of purchasing from Embar a portion thereof which is described more particularly in Exhibit 2 hereto (the "Property"). NOW, THEREFORE, the parties covenan� and agree as follows: 1. Standard shall reimburse Embar on a manthly basis, until the coa�pletion oi all such work, for Standard's share, as determined in accor�iance with ttie terms of paragraph 3 hereof', of all architectural, consult•ant, survey, legal, bonding, permit, testing, accounting, repraduction, landscaping and other costs and expenses, direct and indirect, incurred by Embar in connection with the site plan and planning, design and performance of the common off-site utilities and improvements work and common area improvements work reguired to develop the Shopping Center. Common areas are those defined as common areas under terms of that Reciprocal Easement and Development Agreement between the parties. The shared common offsite utilities and improvements costs include, but not by way of limitation, all costs and expenses related to traffic signal•ization and signing; street widening and improvement; sewer (sterm and sanitary); water systems; gas utilities; csrbs, gutters and sidewalks; public transportation; and lighting, including the cost of bringing utilities (power, water, telephone, gas and sewers, sanitary and storn) to the edqe o: the Property and Shopping Center. The shared common arez improvements work costs include, but are not linited to, ail costs and expenses related to.clearing, fine and rough gradinc soil comoactiony retaining walls, perimeter walls, parking lo� paving, striping, lighting and landscaping. Reimbursement shall be due T.en (10) days from the receipt of an invoice, with the first payment to be 3ue no earlier than the date o` the closir.c o_ Stzndards' purchase o� the Property. -�- (1�� /�_?