24 74TH ST SW 2016-01-01 MF Import

A�x YHxC~n Hz� �e c� H �7 � H � [A H �� ��g n. c� zay� t" �+ y g�'�� �tyN Qr zHti H O cn P A Y M E N T A G R E E t4 E N T for 'Aater, ;ewer, Urainage iHIS AGREEMENT nm�le and entered into thi s �1J � Aay of ��1�: ��_� 199I , by and bet�ieen the City of Everett, a nunicipaTyco�poration un�er tne T ws of the State of ;dashington, hereinafter referreA to as "City,�� and 1�1. i �,_,`, yr, �,,�u,j __ , wnose address �S � � , hereinafter referred to _ C !�: '_ _ i> „_ _ _ . _ _ �L�i.c��' c.1 _ __ __ as "Deve�l�i�j��i-": WIiNESSET.:: WHER[AS, Developer ;; t,ruposing a project ("Project") in the �ity which described as fnllows idescription of Project and location): _� /�J.:��.�!`._�_��.a�L_-- -- -------- � 15 WHEREAS, the City is authorized to enter inro an agreement with the �eveloper for the ar.ceptance of a payment from the Developer for the Developer's proportionate share of anT WHEREAS, Developer desires to enter into such an agreement and submits that wch an agreement is reasonably necessary as a direct result of the Project; NOW, THEREFORE, in consideration of the terms, conditions, covenants and performances contained herein, Ueveloper agrees as follows: l. Developer acknowledges and agrees that there is a direct impact as a result of Developer's Project on the system de�cribed above and that this Agreenent is necessary as a result of that impact. 2. Developer acknowledges and a�rees that in order to mitigate the direct impact that has been identified as a consequence of the Project the Ueveloper will pay the City the following amount of money: l�------- Uollars (S ------T— 3. Developer acknowledges ana ogrer.s that the Ronies described in ('aragraph 2 are authorized to be used for capi[al improvements to the following identified facility(ies): I-urin 5��+1