00599COVENANT
WHEREAS, SIERRA WEST CONSTRUCTION CO., INC., hereafter
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referredu to as "Owner" is owner of certain real property
located in.Edmonds, Snohommish County, Washington, and
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legally -described on Exhibit "A", attached hereto and inccr.por-
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ated herein as if set forth in full, and hereafter referred
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to' as " abject property" , and
WHEREAS, the the City of. Edmonds, Washington, hereafter
referred to as "city", has approved a Planned Residential
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Developm.�nt for the owner's property subject to the c-)nditions
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ancL cor(n-nants set forth herein which will insure that the
1-,R.D. is in the best interst of the public health, safety
anu general welfare and will meet the criteria established
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for app_-oval -'of P. R. D' s, now, therefore,
THE PARTIES AGREE AS FOLLOWS:
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i. Owner (arc?./or its successors in interest) agrees
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to pay its pro rata ShItre of thu. costs of any improvement
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project for the construction and related costs of storm
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i and/or sanitary sewers involvin,; assessments lev-ed acclinst
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a- or any portion of the subjecc property for all or any
portion of the cost of the improvement project, including
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LIDS and ULID; Provided, however, that owner (and/or its successors)
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shall bu allowed to deduct the costs of any payments made to
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the Cit\ of Lynnwood,. Washington, which are in lieu of
assessmt_ its on the subject property as a pre condition to
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