Laserfiche WebLink
�� <br />VOLUN7'ARY PATM�YT ACHGIiMlilJ"I' <br />'I'111:; AI;ItEf;A1GN'I' macic nnd eutcrcd intn ihis _ lst ����y, �,� <br />Au�,ust , 19 s4 , �y tu�d bclween the City of liverett, ❑ municipul <br />corporntion undcr tlie laiws of lhe Stiite of Knshington, heroinnfter referred to ns <br />"City," and New Life Center Foursquare (�urch whose uddress is <br />P.O. Bo�l' i an , ve �'H8203- <br />hcreinafter referred to ns "Devcloper". <br />�Y I'I' N I�.SS Li'1' I I: <br />{Vl{IiRF.AS, !)eveloper is proposing n development, subdivision ur pint, <br />hereinnfter referred to ns "Projcet," in the City �vhich is descriped us �OIIJiVS <br />(description of Projcet nnd localion): A��'� c�nplex at <br />6830 Highland Dr. Everett, Tda. 48203 <br />; nnd <br />NIIEREAS, RC�V 82.02.020 nuthorizes thc City to enter into n voluntnr�� <br />ngrecment with the Developer for the nceeptnnce of pnyment in licu of dedicntion <br />of land or to mitignte n direct impnet thnt h�s been identi[icd ns n consequenc� of <br />Developer's Project; nnd <br />IYItEREAS, lleveloper desires to enter into such n voluntnry �igreement r�nd <br />submits that such an a�� eement is reosonably necessery ns n direct result oC the <br />Project. <br />NOW, TIIIiI�EFORF,, in considerntion of the terms, conditions, covenonts <br />and performnnces contnined herein, Developer n�;rces ns follows: <br />1. lleveloper ocknowledges nnd n�;rces thnt thcre is ii direct impnet ns a <br />result of Developer's Project nnd thnt this Agreement is necessairy ns n result of <br />that impact. <br />2. Developer neknowled�es nnd ngrces thnt in order to mitigute thc <br />direct impnet thxt has been identificd ns n consequence of thc Yrojcet the <br />Ueveloper has offered to pny lhe Cily the following tunount of muncy: <br />7'wo " ousand Six Hundrel Twenty Nine Dollars and Sixty Four Cents��y�� <br />�32,629.64 )• <br />3. Developer aici<nowledgcs nnd o�;rce� that Lhc monics described in <br />Pnragraph 2 nre authorized to be used for enpitnl improvements lo the follo�aiug <br />identified frwility(ies): _Downstream drainaRe facility improvement including <br />but not limited to a sedimentation Uasin, regi.onal detention pond, or <br />additiona] storm drains. <br />4. Developer ngrces thnt pnytnent of the monies described in <br />PEirngrnph 2 will be mnde +�t the timc o[ esecution of this 9greement hy lhe <br />Developer. Ucvcloper further ngrees thnt if I)evcloper fails to mulce puyment in <br />fu❑ ns described herein, Developer �vill not bc issucd periuits ur ❑Ilowed to <br />cammence nny development including grndin�* on site. <br />5. Developc^ ❑�rces thnt thc Cily ht�s fivc (�i) ycnrs from lhc dntc of <br />execution of this Agrcement to spend the monics described in Pnrngrnph 2(or the <br />enpitpl improvements described in Pnrn�rnph 3. In thc event thc monics described <br />in Pnragraph 2 are not expended w�ithin fivc ycnrs from lhe dnle of execution of <br />this Agreement, the monics irill bc refunded ���ilh II1lCPC5� nt thc rnte npplic�i to <br />