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/1(.%b //:7.4) <br /> DEVELOPMENT AGREEMENT <br /> THIS AGREEMENT is entered into this +:/ day of /4 . '>T 2003, by and <br /> between Balbir Singh, 1801 Pioneer Highway East, Arlington Washington, 98223 <br /> (hereafter termed, "Singh"), and the City of Everett, a municipal corporation under the <br /> laws of the State of Washington (hereinafter the "City"). <br /> RECITALS <br /> A. Singh owns approximately 1 .4 acres of real property (hereinafter the <br /> "Property"), zoned R-3 (Multiple Family), as depicted in Exhibit "A," and lying within the <br /> incorporated boundaries of the City. The Property is occupied by a "group home" that is <br /> currently vacant. Singh desires to re-zone the Property to B-1 (Neighborhood Business) <br /> in order to develop it for commercial strip and gas station use. In order to do this he <br /> must zone the property to B-1 and keep the residential use of the property in order to <br /> meet the intent of the Comprehensive Plan for this site (1 .6 Multi Family), thus creating <br /> a "mixed-use" development as described herein; <br /> B. This Agreement sets forth use standards for the property through the text <br /> of the Agreement and the attached site plan and building depictions (attached as Exhibit <br /> "B"). <br />