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SECTION FIVE—GENERAL TERMS <br /> 5.1_ VESTING OF DEVELOPMENT STANDARDS: <br /> Pursuant to RCW 36.70B.170 et seq., all development within the Property shall be governed by <br /> this Agreement to the extent this Agreement is not inconsistent with the final judicial <br /> determination entitled CITY OF EVERETT VS. CENTRAL PUGET SOUND GROWTH <br /> MANAGEMENT HEARINGS BOARD, NO. 03-2-05830-9, No. 52276-1-I, No. 52262-1-I <br /> [Consolidated] or revised DOE Shoreline Master Program Guidelines/Regulations and shall be <br /> implemented through permit approvals issued by the City. A "Buildout Period" of twenty(20) <br /> years from the date of this Agreement is established for the development and construction of the <br /> uses on the Property permitted and carried out in accordance with the provisions of this <br /> Agreement. <br /> During the Buildout Period, the City shall not modify or impose new or additional zoning <br /> standards beyond those set forth in this Agreement. To the extent this Agreement does not <br /> establish zoning standards addressing a certain subject, element or condition of the approved site <br /> plan, then the Project shall be governed by the zoning regulations in effect upon the date of this <br /> Agreement (i.e., those regulations set forth in Title 19 EMC). After the date of execution of this <br /> Agreement, the City may adopt new zoning standards or generally-applicable standards relating <br /> to particular subject matters specified under this Agreement or under presently-existing zoning <br /> standards. If, in adoption of the new zoning standards, the City elects to make such zoning <br /> standards available for development of the Property, then the Port, as an alternative to satisfying <br /> one or more of the zoning standards, may upon the approval of the City, develop the Property in <br /> accordance with the new zoning standards. To the extent that the Port proposes a major <br /> amendment to the Project (as defined in EMC 19.29 and in this Agreement), the City may elect <br /> to make the Project, as amended, subject to the zoning standards in effect at the time of the <br /> City's approval of such amendment. <br /> 5.2 TERM: <br /> The term of this Agreement shall continue at a minimum through the Buildout Period, and shall <br /> continue after the Buildout Period unless and until the City gives a notice of termination. The <br /> City shall mail notice of termination to the Port under Section 5.3. No sooner than three (3) <br /> months after delivery of the notice of termination, the City shall hold public hearing(s) and shall <br /> adopt whatever zoning standards for the Property determined appropriate by the City. Such <br /> zoning standards shall consist of a continuation of the zoning standards in this Agreement, <br /> modification of such zoning standards, or new zoning standards. Upon such adoption, this <br /> Agreement shall terminate and thereafter the Property shall be governed by the newly adopted <br /> zoning standards. <br /> 5.3 NOTICES: <br /> Any notice, request, direction or other communication under this Agreement shall be in writing <br /> and shall be delivered by first class mail, properly addressed and with the required postage, or by <br /> facsimile, to the Director of Planning and Community Development and the Executive Director <br /> of the Port of Everett. Receipt shall be deemed to have occurred on the date of delivery, or on <br /> the date of a confirmed facsimile. <br /> S:\BLarsen\rezones\re2po75devagmtfin.DOC 18 <br />