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umr <br /> Exhibit D - <br /> DEVELOPMENT AGREEMENT <br /> THIS AGREEMENT is entered into this aim day of kcaqJJum+ 2006,by and <br /> between Eastmont Place, LLC and Eastmont Village, LLC,ColmanBuilding, 91 Marion Street, <br /> Seattle, Washington 98104 (hereafter termed, "the Company"), and the City of Everett, a <br /> municipal corporation under the laws of the State of Washington(hereinafter the"City"). <br /> RECITALS <br /> A. The Company owns approximately 3.4 acres of real property(map attached)on <br /> the east side of 19th Avenue SE, south of 96th Place SE (hereafter the"Property"). Upon <br /> implementation of this Agreement the zoning will be B-2 subject to use limitations found herein <br /> and R-2A (see attached zone map, Exhibit"A")with site configuration and building appearances <br /> subject to depictions and agreements found herein. <br /> The Company's interest is to provide residential units and commercial services in such a <br /> way as to provide maximum use of the site. The Company herein states, as evidenced by <br /> willingness to sign this Agreement,that The Company officials in general and Mr. Clark <br /> specifically, have examined all details of the financial implications of this Agreement and herein <br /> states his and the company's willingness make every effort to follow through with these <br /> commitments with only minor changes, as defined herein,being contemplated. The.City agrees <br /> the community would benefit from such an action at this location,provided conditions found <br /> herein are met. <br />