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YOLUNTARY PqYMENT ACRBFMFNT <br />'PIIIS AQItF,G�iCNT madc end enlered In(o this L,3 � ���y o� <br />=�L�_� 2� by and betwecn thc Cily of Everelt, e mwdcipel <br />corporntion un�d1e�r� �the laws ofr Jthe Stnte of l•:ashington, hereinefter referred to es <br />"City,"and �vsuApp;� 'F�DQ.rkGS`��G <br />whose eAdress is <br />hcrcinnfter referred to es <br />WITNESSCTIi: (� <br />1Y111iItIiAS, Devcloper is proposing o de�•elopment, subdivision or plot, �� <br />hcreinnftcr refcrred to as "Project," in thc City wldch is described as follows (, <br />Wescrfp^ion oC Projcet ond lomtian): =j$[/(� j=; �htw^7P_S Il�aivhdo�r t�� <br />v <br />\. <br />j 9i�(i � <br />WI1ERIiAS, RCIY 82.02.020 authorizes the Ciry to enter (nto e voluntory <br />ngrcement wfth the Developer [or the ecceptnncc of peymenl (n lleu of dedicxlion � <br />of innd or to mitignte a direcl Impnet thnt hns been identffted ns n conseqnence of - <br />Devcloper's ProJcet; nnd � <br />NIIGHGAS, Developer desires to enter into such o voluntnry ugreement and <br />submits thot such nn agrcement is reusonnbly necessery as e direet resWt ot lhc <br />Projcet. <br />NO{y, 7'IIGREPORG, in considerntion of thc terms, conditions, covennnts <br />nnd performances contained herein, Devcloper ngrees ns follows: <br />1. Developer ncknowledges und ngrees thot Uiere is n direet impect ns n <br />result of Ueveloper's Projcet nnd thnt lbis Agreement is necessary ns n resWt of <br />thnt impnc6 <br />Z• Developer neknowledp,es und ngrces thot in order to mitigete the <br />direct imppet thst hns bcen identi(icd ns a consequence of the Projcet thc <br />Developer hns offcred to puy thc City the following �mount of moncy: O�'1Q, <br />1��us�nd S� x F��,d �p,y� �'. fi� } No�� ��ouors <br />�sl6�S.ce�. � <br />�• Devcloper ncknowledges and n�rees that thc monics described in <br />Pnrngraph 2 ore nuthorized to be used for enpitnl improvements to the following <br />identificd fncil(ty(ies): _ Qd`� VI�C�g �XdgS�fY�.n /e1.�..L <br />a. Devcloper ngrees lhnt puyment of the monies described in <br />Pnrngrnph 2 will 6e mnde nt the timc of execution of this Agreement 6y the <br />Developer. Devcloper further �grees thnt if Devcloper fnils to mnke pnyment in <br />full ns described herein, Developer wi❑ not bc Issued permits or ellowed to <br />commence uny development including gcuding on site. <br />5. Developer ogrecs thot the City hns five (5) years from the dnte of <br />execution of this .lgrcement to spend thc monir.s described in Pnrngroph 2 for lhe <br />enpitol improvemen.s described in Pnrngroph 3. In the event the monies described <br />1'oluntnry Pnyment A�;rcement 1 PORhi 2-87 <br />