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AGREEMENT <br />NOW, TFIERGFORG, for thc mutual bcnefits and obligations containcd hcrc�n, <br />and fbr othcr good and valuablc considcration, the rcccipt of which ic hcrcby <br />acknowledged, Owner nnd thc District agrec as follows: <br />1. MiligeNon Payment <br />Owncr ngrces to fully mitigaM the impects causcd by thc proposed dcvelopment of <br />the Projcct by thc payment of $2,843.82 to the DisMcL The paymenl o( $2,843.8'1 is <br />based upon thc approxunatc mimbcr of unhoused students cxpectcd to bc cnrolled from a <br />10 unit apnrtmcnt complex Icss crcdit (or 2 cxisting singlc family homcs. Any adjustmcnt <br />in thc numbcr of dwclling units shall rcsult in a corccsponding pro ruta ndjustmcnt or <br />rcfund in the mitigation paymcnL Said payment shall constiwtc a full and complete <br />mitigation for thc dircct �mpa:ts to thc Distnct of thc Projcct. <br />2. Tlme Paymenl L�ue <br />Owner shnll pay Ihc sum identified hercin prior to and as n condition of, issuance <br />of a building permit for thc Projcet by thc City of Evcrclt. This agrcemcnt shall bc <br />binding on thc successors, hcirs, and ussigns of the partics hereto, and thc paymcnt <br />obligalions hcrcundcr shall constitutc n licn upon the property. Owncr may nssign its <br />rights and dclegatc its dutics undcr this Agreemcnt to any entity fomied for the purposcs <br />of dcvcloping thc Projcct; providcd Owncr shall rcmnin jomtly ltablc for perfortnancc of <br />its dutics hcrcundcr unlcss and until such cntiry obtains Utic to the property. <br />3. Covenant Not to Sue <br />Owncr hereby covennnts and undertakes that it forever rc(rains nnd dcsists from <br />instituting, asserting, filing or bringing any lawsuit, litigetion, claim, challenge or <br />proceeding to chellengc Ihis Agreemcnt or nny o(its tertns and conditions, or claim any <br />rcpaymcnt or rcimburscmcnt of funds, perfortnancc or improvcments providcd fon c�rcin, <br />on any ground or basis whatsocvcr. <br />DATED: on�.mhP� 14�999 <br />Owner: Distrlct: <br />RODNEY AND PATSY HAYF.S <br />903 Washington Avcnuc <br />Mukiltco.�itA 98275 , <br />uy: � <br />Signaturc: <br />By: ,� <br />EVERETT SCHOOL DISTRICT NO. <br />4730 Colby Avenuc (P. O. Box 2098) <br />Evcrctt, WA 98203 <br />Dy: � <br />, , ' �5 Ident, Brd, of Dlr. <br />sy: <br />nonce a. u cce11 <br />