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,—�_t � . . . ' ' :�^ � . <br /> -� � " <br /> , . • � • . - •---��..�e <br /> . .'- -�.'-;..> <br /> f�01t', THGRCFORG, thc parties do agree: <br /> 1. The Ciiy has adopted a comprchensive ordieance to provide for the � <br /> iinprov�rr�en± o: Casino (2oad between Airport Road and Evergreen \Vay; a copy of <br /> , the ordinance is attached a's Exhibit A to this Agreement and incorporated herein • <br /> by this re;erence as if fuUy set torth. The City is aiso experiencing a strong <br /> �!�mand for housi�o. 7'he City would li4e to facilitat� the construction of new � � <br /> housin; and to recJuce the effects of inflation o� the final costs of housing to the <br /> residents of Everett. � _ ' <br /> 2. Developer recognizes and acW�owledges the �eed for improvement of � <br /> Casino Road because of the facts set forti� herein and Exhibit A as incorporated ( <br /> I <br /> . herein. Developer shal! ful(y comply with the requirements for obtaining a building - � <br /> psrmit for its Eropos>d deveiopment as set forth in Exhibit A, 2s Fvell as other City <br /> �rd�nances. • <br /> 3. LJpon fulfiltment by Develope: of the requirements currently set forth <br /> in ExhiDat A, and compliance with a{! ;,cner ay�piicabfe�ord:na�ces anu regulations, <br /> the City will issue a building permit to Developer for construction of its praposed <br /> development in accordance �vith the plans a�d specifications o� f.ile ior iha1: project:., � <br /> and approved by ihe City of cverett Building Departmeit. <br /> 4. Developer.will not be si�gled ouf by City .o perform any requirement <br /> which' does not apply equally to other developmen.s proposed or to bc: propas<-d <br /> alo�g Caseno Road wh;ch ace similarly situated. - <br /> 5, Failure to comply with the terms of this Agreement on ihe part of <br /> Developer shall result in immediate susjx�sion of aIl �r_rmit:; reJal:ed io the <br /> ' co�struction of the subjecc deveiopment; all other remedies of ihe City including <br /> �•':hose �.md4r tL•e llr?itor;r; 5;�.:i;dinf; Code r� uthe! ordinanr_rx, oJ ilie Ciiy .n'e <br /> expressi�• preserved as additional to any remedies herein. <br /> 6. Upon execution of ihis Agreement, and compliance wiih a1J other <br /> applicable ordinances and regulations, tt�e City •.vil1 issu� �rading aFld ri�hi of �t�a}' <br /> usc permits to De��eloper for its proposcd development in the vicuiiSy of Casino <br /> ].oad. lss:iinec of griding and ri�,hi of teay p�rmits sha)f noi: obli7;;itc She City to <br /> Rssue ar�y �iirLiier pern�ii� until ihc Jc��<loper iulf;�;s the ierms of Lhis /\�reernenS. <br /> f'�Ec -2- <br />