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Exhibit 1 <br /> •-• <br /> 10111P. . <br /> e•— • <br /> DEVELOPMENT AGREEMENT <br /> ..•• .•• <br /> THIS AGREEMENT is entered into this /6 day of ;Tall r c ___ 20 1 by <br /> and biktweenE.A rth Ho1dinds, LLC, Thomas Subitch, Lanswell Developrriiht, Marlene and Harlin <br /> Lindstrand-(he-reinefterItie-oWpers"), and the City of Everett, a municipal corporation under the <br /> laws of the:$tale•CfPashingtorj...(hereinafter the "City") <br /> RECITALS <br /> .••• •-• <br /> A Thners.Pwn Approximately 7.6 acres of real property, the legal description of <br /> which is contained in E)thibrt-A,'.IocAted onthe east side of Airport Road, south of 112th Street, <br /> immediately west of WAIniart.(westc*etreen Way and east of Airport Road) (hereafter the <br /> "Property") zoned M-M (BusinessOark)as depicted in Exhibit "El" and lying within the <br /> incorporated boundaries of Ore City''The"sobject property is vacant WITH THE EXCEPTION OF <br /> A TRIPLEX ON THE Lindstrand.property,;and is encumbered by a Category II Wetland and a <br /> Type NP stream and their associated Th-e owners desire to rezone the Property to C-2 <br /> in order to allow for redevelopmer4dn actOrdancelvith the terms of this Development <br /> Agreement The City agrees the contiuttiity.would benefit from such an action in this location, <br /> provided certain conditions are met <br /> B. This Agreement sets development standar,ds and conditions to be applied to the <br /> redevelopment of the property <br /> C This Agreement is entered into Pursuantie-RCW 36 709.170, 180, and 190 <br /> The purpose of this Agreement is to provide that the redevelopment of the property occurs in an <br /> integrated and coordinated manner, <br /> D The parties hereto agree, as conditionedbtrsAgreeent, that the owners <br /> satisfy the criteria for approval of the rezone of the property from M.I.I.V1.to p-2 so long as the <br /> redevelopment of the property occurs in a manner consistent With.the:teirns of this Agreement. <br /> ..• <br /> . . . <br /> E. The conditions of this Agreement shall apply to all of the_prOpeities within the <br /> rezone area .• <br /> •-• <br /> PART ONE —TERMS AND CONDITIONS OF DEVELOPMENT . <br /> . . <br /> 11 The property shall be developed as an integrated development,inCorpIorating.all <br /> parcels of land, including the C-1 zoned Lanswell parcel located SputheaSt of <br /> rezone site, in a business park, industrial park or commercial center clevelof)e.d as a <br /> single site development plan The development may be phased through <br /> site plan subdivision process Individual parcels shall not be permitted tbbA <br /> ..• ...•••.... <br />