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VOLUNTARY PAYM6NT AdRHEMENT <br />A TH��19� AOREEMENT made end entered Into this �� �y ot <br />� f�1Or'i I— , 2� by and between the Clty o[ Everett, e munlcipal <br />T'__' <br />corporatton under the laws of the Stete o[ Weshington, hereinatter referred to es <br />^Ctty, � end �pp;n�, ' S� L_�G. ��� Mhwe eddresv is <br />� ISD3o Aq L�..,,,,...,.1�a�nx� <br />herelnetter reterred to es <br />WITNESSETH: <br />WHEREAS, Developer is propw(ng a development, subdivision o� plet; <br />hereine[ter reterred to es "ProJect," In the City whlch is descrlb,MI- es follows <br />(descrtption ot Project ena locetton): �j'Ay1� �; shl.riCS VAKhdUSP_ <br />= end <br />WHEREA9, RCW 82.02.020 authorizeo the C(ty to enter (nto s voluntary <br />egreement with the Developer tor the ecceptance of peyment in lleu ot dedlcetlon <br />o[ lend or to mitigate a direct Impect that hes been ident(fled as e consequence ot <br />Developer's PraJect; end <br />WHEREAS, Developer desires to enter Into such fl voluntery egreement and <br />submits thet such an egreement Is reesonably necessary as e direct result ot the <br />Project. <br />NOW, THEREFORE, in constderatton o[ the terms, conditions, covenents <br />end pertormences contalned herein, Developer egrees as (ollowa: <br />1. Developer ecknowtedges end agrees thet there Is e direct Impect es e <br />result of Developer's Project and thet this Agreement Is necessery as e result of <br />thet Impect. <br />2. Developer acknowledges end egrees thet in order to mttigete the <br />dtrect impect thet hes been identitied es e consequence of the ProJect the <br />Developer has ottered to pey the City the tollowing amount ot money: One <br />��St��d S� x F1w�drc,d Sp,UP,�I {�1-fiVt, { WOIIW ----�Dollars <br />cs 16�5, c�e). <br />�. Developer ecknowledges and egrees thet the monla described in <br />Peregreph 2 are authorized to be used for cepital improvements to the [allowing <br />Identi[ied [ectllty(ies); af'(�1 \YiC� (�Ci�'J7A1� �S�}1L�L� <br />A. Developer agrees tliet peyment o[ the monies described in <br />Paregrnph 2 will be made at the time o[ execution of this Agreement by the <br />Developer. Developer further agrees that i[ Developer feils to mekc peyment in <br />full as descrfbed herein, Developer wtll not be Issued pe�mits or aUowed to <br />commence eny development including grading on site. <br />5. Developer egrees that the City hes ((ve (5) years trom the date of <br />ezecutton o[ this Agreement to spend the monies described in Pflragraph 2(or the <br />enpitel improvements described in Peregreph 3. In the event the monies described <br />UriS i tia ��Fc� C,�Y C IC�(� S-(4 -03 <br />` Voluntnry Payment :lgreement �,� FORM 2-87 <br />