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AGREEMENT <br /> NO'A','THEREFORB,for thc muwnl Ucnctits and obligntions containcd hcrcin, <br /> and for other good and valuablc considcrat�on, thc rcccipt of which is hcrcby <br /> ncl:nowlcdgcd,Owncr and thc District agrcc as (ollows: <br /> I. Mitigatlon Payment <br /> Owncr agrecs to fu!ly mitigate the impacts caused by ihe proposed devclopment of <br /> thc Projcct by thc paymcnt of S 12,575.38 to thc DistricL Thc paymcnt of$12,575.38 is <br /> based upon thc approximatc number of unhoused swdcnts cxpccted to be enrolled Gom a <br /> 20 mulli-family dwelling unit. Any adjustment in the number of dwclling units shnll <br /> rcsult in a cotresponding pro rata adjustment or retund in thc mitigation payment Said <br /> paymcnt shall constitute a full and completc mitigation for Ihe direct impacts to the <br /> DisMct of tlic Project. <br /> 2. Timc Payment Due <br /> Owner shall pay the sum idcntificd herein prior to and as a condition of,issuance <br /> of a building pertnit for the Project by the Ciry of Everctt. This agrcement shall bc <br /> binding on thc succcssors,hcirs,and assigns of thc partics hcrcto,nnd thc payment <br /> obligations hcrcundcr shall constitutc a lien upan thc property. Owncr mny assign its <br /> rights and dcicgatc its dutics undcr�his Agrecmcnt to any cnuty fomicd for the purposcs <br /> of Jevelopins thc Project providcd Owncr shall remain jomtly liable for performancc of <br /> its dutics hcrcundcr unlcss and until such cntiry obtains dtic to thc property. <br /> 3. Covenant Not to Suc <br /> Ownen c�rcby covenants and undcrtakes that it forever rcGains nnd desisls from <br /> instituting,asscrting, filing or bringing any lawsuit,litigatiun,claim,cha0engc or <br /> procecding to challenge this Agrccment or any oC its temis and conditions,or claim any <br /> repaymcnt or reimbursement of funds,performanee or improvemcnts provided for herein, <br /> on any ground or bnsis whatsocvcr. <br /> DATED: � �� 4ti <br /> Owncr: District: <br /> OAKES LI1111TED PARTNERSNIP EVERETT SCHOOL DISTRICT NO. <br /> 5830 ti��argrccn Way 4730 Colby Avcnuc (P. O. Oox 2098) <br /> Hvcrctt, A 9 Everett,WA 98203 <br /> By: �` BY� <br /> Signaturc:`�`'k�'�y`�� �� � Yet , Prestd t Board of Dfrectors <br /> py. ny; � <br /> SI¢nalutc: �� Mon[e R. LI tell, Supertntende t <br />