Item: WS #4Development Agreement • November 19th, 2020 • Washington
Contract Type FiledNovember 19th, 2020 JurisdictionCOUNCIL MEETING DATE: November 23, 2020 SUBJECT: Development agreement for NorthPoint Development, LLC ATTACHMENTS: Proposed Development Agreement, Legal Description of the Property, Depiction of the Property, Conceptual Site Plan, Economic Impact Analysis, and Policy Analysis DEPARTMENT OF ORIGIN Community and Economic Development; Marc Hayes, Director 360-403-3457 EXPENDITURES REQUESTED: 0 BUDGET CATEGORY: 0 BUDGETED AMOUNT: 0 LEGAL REVIEW: DESCRIPTION: Proposed Development Agreement between the City and NorthPoint Development, LLC, related to the planned industrial development known as the Cascade Commerce Center, a 426 acre industrial park, of which 87 acres are within Arlington’s portion of the Cascade Industrial Center. NorthPoint Development, LLC wishes to enter into this agreement to ensure that their multi-year investment of the project will not be unreasonably delayed or burdened. Per AMC 20.39.040, a public hearing will be held at the December 7 City Council meeting. HISTO