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dedication for the future phase; and <br /> <br /> 7. WHEREAS, DEVELOPER intends to convey to %he 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 /> <br /> 8. ~R~AS 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 /> WHEREAS, DEVELOPER, to facilitate development of such <br /> trails and other private amenities, contributes at least <br /> $250.00 to the NorthfoIk Homeowners Association out of the proceeds <br /> of each lot sale in the Northfork PUD; and <br /> <br /> 10. ~EREAS, 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 />AGREE¥~NT; and <br /> <br /> 1!. W/{EREAS, the parties wish to date.--mine to the fullest <br />extent possible at this time the park.dedication req3/irements for <br />all of the No~hfork PUD and to amend the AGREE~NT as described <br />herein; and <br /> <br /> 12. ~q{EP~EAS, a map showing the appro>:imate locations of the <br />various parcels of the Northfork PUD encumbered by this ADDENDUM <br />and the .AGREEmeNT is ~ttached hereto as Exhibit "B" and <br />incorporated herein. <br /> <br />~O~, THEREFORE, in consideration of the e>:ecution of the <br />AGREEMENT and of the mutual covenants contained herein, the parties <br /> <br />2 <br /> <br /> <br />