2005/08/24 Council Agenda Packet

disposal, and for fabrication of concrete pipe products and the FSA Property by FSA for warehouse storage and food distribution services. The Rinker Property and the FSA Property are collectively referred to herein as the "Development Property." Aggregate resources on the Rinker Property rite will be exhausted at some point in the near future, FSA has undeveloped acreage in the FSA Property, and CSR AssociatedRinker and FSA desire to re-develop the Development Property to its highest and best use under the City's adopted Comprehensive Plan policies, Zoning Code regulations, and the terms of this Agreement; B. Rinker, FSA and the City entered into a Development Agreement dated March 28, 2000. The parties desire by this Agreement to make amendments and to restate their agreement, as amended, in a single document - BC. This Agreement sets forth mitigation measures and development standards through which CSR AssociatedRinker and FSA intend to develop the Development Property in an innovative manner which will be beneficial to the community. The intent is to provide for a high quality development which will benefit the City more than would a development strictly in accordance with the underlying M-1 standards. The public will be benefited by the establishment of development standards together with the implementation of mitigation measures through the non-project rezone/planned development overlay process; and.; and G . This Agreement is entered into pursuant to RCW 36.70B.170, .180, and .190. The intent of the parties is to describe in this Agreement the development standards and other 2004 Revised Development Agreement !: !:-.••• --'.•• =:r`_:. .••'•4 -••:- - • --- 2 8/1/2005 : t !! !! !! !! ee f!. • !t., ii.. is.; , ii D