11-120.00 Hanson Industries: Traffic Impact MitigationDEVELOPMENT AGREEMENT
Hanson Industries, Inc.
This Development Agreement ( "Agreement ") is entered into by and between Hanson
Industries, Inc. ( "Developer "), a Washington corporation, having offices for the transaction of
business at 15807 East Indiana, Spokane Valley, WA 99216, and the City of Spokane Valley
( "City "), a municipal corporation of the State of Washington, hereinafter jointly referred to as
"Parties ":
RECITALS
1. This Agreement is entered into by the Parties pursuant to RCW 36.70B.170 -210 and RCW
82.02.020 to mitigate a direct impact identified as a consequence of the development of
certain properties as described in Recital 2, below.
2. Developer is the owner /developer of certain real property generally located within an area
bounded by Flora Road to the east; Interstate 90 (I -90) to the south; the Spokane River and
Indiana Avenue to the north; and the intersection of Mirabeau Parkway and Indiana Avenue
to the west shown on Exhibit A (herein collectively referred to as "Properties "). The
individual Properties are commonly known as Hanson Center East, Hanson Center West,
MarketPointe I and MarketPointe II.
3. Since 1997, and pursuant to the Agreements and Resolutions identified in Recital 4, below,
Developer has performed the following transportation- related improvements or contributed
financially to mitigate traffic impacts due to development of the Properties:
• Dedicated right -of -way (ROW) for the widening and construction of Sullivan Road
north of I -90 to the Spokane River Bridge;
• Dedicated ROW and installed the loop ramps off I -90 Westbound at Sullivan Road
and Westbound to 1 -90 behind Barnes & Noble Booksellers store. The dedicated
ROW, east of Sullivan Road, was later used for the revised westbound Sullivan Loop
ramp project to increase capacity for westbound traffic;
• Dedicated ROW and widened Indiana Avenue between Sullivan Road and the
westerly join line of the existing Indiana Avenue;
• Dedicated ROW for construction of the new Indiana Avenue, which included
additional land for the alignment of Mirabeau Parkway and Indiana Avenue;
• Upgraded traffic signals and constructed an additional right turn lane from
northbound Pines Road at the intersection of Pines Road and Indiana Avenue;
• Contributed to the intersection of Sullivan Road and Indiana Avenue signals;
• Constructed new Indiana Avenue between Sullivan Road and its easterly terminus
(eastern boundary of Hanson Center East);
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