Resolution 5703 - Laserfiche WebLink

Now, THEREFORE, the parties herein do mutually agree as follows: SECTION ONE - INTRODUCTION The City hereby adopts this Development Agreement in conjunction with the rezone of the Property described in Section Two of this Agreement to a Planned Development Overlay in accordance with provisions of Chapter 19.29 and 19.41.160 of the Everett Municipal Code. The City and the Port agree that the purpose of this Agreement is to comply with the Everett Municipal Code and the Conditions of Approval for the PDO-WC Rezone. The City and the Port further agree that this Agreement establishes certain rights of the Port to develop the Property in accordance with the conditions specified herein. Provided, however, that additional SEPA review, and issuance of appropriate City approvals and permits are required prior to any development activity. The City and the Port agree that each has entered into this Agreement knowingly and voluntarily and agree to be bound by its terms and conditions. It is the intent of this Agreement that all of the major components of the NMRP will be completed in several phases beginning in 2004 and continuing to 2023. The City and the Port recognize that phasing and construction time among the different components of the NMRP will differ and that various structures and districts will be completed in different years. However, the Port commits that key public infrastructure improvements including the public shoreline walkway extension along the existing marina and enhancements to 13`h Street will be completed as part of the first phase of the project, per Section 4.4.a. SECTION TWO—ACTION - PROPERTY DESCRIPTION 2.1 PROPOSED ACTION: The proposed action is the approval by the City of a Planned Development Overlay (PDO) zone for the Property described in Section 2.2 for the Port of Everett North Marina Redevelopment Project (NMRP). The PDO includes this Development Agreement with attachments. The NMRP is a multi-district master plan to create a new mixed-use development to meet the Port's strategic planning objectives in a setting that is conducive to expanded and more efficient provision of marina moorage and related boating and maritime services, expanding public shoreline access and recreation, providing for residential use, and creating expanded economic development and employment opportunities. The general location of the proposed action is between the Port's existing marina, north of and adjoining the Waterfront — Commercial (W-C) zone boundary and the 10th Street Boat Launch, and extending west of West Marine View Drive to the Snohomish River Channel. 4