Ordinance 2926-06 - Laserfiche WebLink

Exhibit F DEVELOPMENT AGREEMENT THIS AGREEMENT is entered into this 2 l day of 2006, by and between Eastmont Place, LLC and Eastmont Village, LLC, Colman Building, 91 Marion Street, Seattle, Washington 98104 (hereafter termed, "the Company"), and the City of Everett, a municipal corporation under the laws of the State of Washington (hereinafter the "City"). RECITALS A. The Company owns approximately 3.4 acres of real property (map attached) on the east side of 191h Avenue SE, south of 96th Place SE (hereafter the "Property"). Upon implementation of this Agreement the zoning will be B-2 subject to use limitations found herein U-) and R -2A (see attached zone map, Exhibit "A") with site configuration and building appearances c subject to depictions and agreements found herein. The Company's interest is to provide residential units and commercial services in such a way as to provide maximum use of the site. The Company herein states, as evidenced by \rn willingness to sign this Agreement, that The Company officials in general and Mr. Clark specifically, have examined all details of the financial implications of this Agreement and herein states his and the company's willingness make every effort to follow through with these commitments with only minor changes, as defined herein, being contemplated. The City agrees the community would benefit from such an action at this location, provided conditions found herein are met.