Ordinance 372-75 - Laserfiche WebLink

ADDENDUM TO THE CONCOMITANT CONTRACT TO REZONE ORDINANCE NO. 372-75 THIS AGREEMENT IS MADE this day of\ ; -c;1,444%12/9 1987, by and between the City of Everett, a municipal corporation under the laws of the State of Washington, hereinafter referred to as "City" and Prudential Bank, hereinafter referred to as "Owner," and Michael B. Elton and William E. Colson, hereinafter referred to as "Option Holders." WITNESSETH: WHEREAS, Wesley G. Ingrum executed a contract agreement, hereinafter referred to as "Agreement," whereby Mr. Ingrum agreed to develop his property, a legal description of which is attached hereto as Exhibit A and incorporated herein by reference, in accordance with the standards and conditions set forth in the Agreement; and WHEREAS, the Agreement is concomitant to rezone Ordinance No. 372-75; and WHEREAS, the Agreement runs with the land and is binding on Wesley G. Ingrum and his successors in interest; and WHEREAS, Wesley G. Ingrum no longer owns the property subject to the Agreement which property is now owned by the Owner described above and Elton and Williams have an interest in the property as option holders; and WHEREAS, Option Holders have revised the proposal and are seeking to have some of the conditions of the Agreement amended; NOW, THEREFORE, the City, Owner and Option Holders mutually agree as follows: II 1. Requirement 1 of the Agreement is amended to read as follows: All development on the site shall be in accordance with the site plan which is attached hereto as Exhibit B and incorporated herein by reference. Any variations to these plans must receive approval from the Planning Director and if the Planning Director deems such variations major, they shall be approved only after a public hearing before the Hearing Examiner.