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dedication for the future phase; and <br /> 7. W~EREAS, DEVELOPER intends to convey to the Northfork <br />Homeowners Association, on or before completion of the development, <br />substantial acreage in the Northfork PUD as private recreational <br />open space; and <br /> 8. WHEREAS the Northfork Homeowners Association intends to <br />create parks, trails and other private amenities on the open space~ <br /> <br />and <br /> <br /> 9. <br />parks, <br /> <br />WKEREAS, DEVELOPER, to facilitate development of such <br />trails and other private amenities, contributes at least <br />$250.00 to th~ Northfork Homeowners Association out of the proceeds <br />of each lot sale in the Northfork PUD; and <br /> 10. WI{E~EAS, DEVELOPER wishes to offset the commitments and <br />contributions described in Paragraphs 7, 8 and 9 above against the <br />cash park dedication re_~uirements required in Paragraph 5 of the <br />AGREEMENT; and <br /> <br /> 11. W~EKEAS, the parties wish to determine to the fullest <br />extent possible at this time the park~dedication requirements for <br />all of the Northfork PUD and to amend the AGREEMENT as described <br />herein; and <br /> 12.. W~E~EAS, a map showing the approximate locations of the <br />various parcels of the Northfork PUD encumbered by this ADDENDUM <br /> <br />and the ~AGREEMENT is ~ttached hereto as Exhibit "B" and <br /> <br /> incorporated herein. ~' <br /> <br /> NOW, THEREFORE, in consideration of the execution of the <br />AGREEMENT and of the mutual covenants contained herein, the parties <br /> <br />2 <br /> <br />I <br />I <br />I <br />I <br /> <br /> <br />