Ordinance 688-80 - Laserfiche WebLink

GjN n IYj LY i? D Uk 1 0 4997 CITY ADDENDUM TO DEVELOPMENT AGREEMENT OF p _ �''� i ,` ORDINANCE NO. 688-80 1 d'`r) if'� Vept V L T C This Agreement is made and entered this 76 day of � c' L ' 1987, by Walt Kjorsvik, hereinafter referred to as OWNER, and the City of Everett, a municipal corporation under the laws of the State of Washington, hereinafter referred to as the City. WITNESSETH: WHEREAS, Walt Kjorsvik, is the owner of the property known as "Soundview Planned Residential Development," approximately 4.3 acres in size, located in the Southeast Quadrant of the intersection of Glenwood Avenue and 50th Street West, Everett, Snohomish County, Washington, the legal description of which is attached hereto as Exhibit A and incorporated herein by this reference; and WHEREAS, on May 7, 1980, the Everett City Council passed Ordinance #688-80, which amended the official zoning map of the City of Everett and changed the zoning designation of the property known as "Soundview PRD," more fully described in the legal description attached hereto, from R-1 , • Single Family Low Density Residential to "R-1, Single Family Low Density Residential/Planned Residential Development"; and WHEREAS, Ordinance #688-80 also set forth certain conditions for development of the aforementioned property in the form of a "development contract" which was entered into on May 27, 1980 by the City of Everett Planning Director and the applicant, Badley Enterprises, Inc. ; and WHEREAS, Walt Kjorsvik has purchased the property which is subject to Ordinance No. 688-80 and the development agreement from Badley Enterprises, Inc. 's successors in interest, Northcoast Properties and Investments, Inc. ; and WHEREAS, Walt Kjorsvik, as the current owner of the property, is desirous of proceeding with the development of the subject property and has sought some revisions in the development contract which have been incorporated into this concomitant agreement; and