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dedication for the future phase; and <br /> <br /> 7. WHEREAS, 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 /> <br /> 8. ~EtLEAS the Northfork Homeowners Association intends to <br />craate parks, trails and other private amenities on the open space; <br /> <br />and <br /> <br /> 9. <br />parks, <br /> <br /> ~EREAS, DEVELOPER, to facilitate development of such <br /> trails and other private amenities, contributes at least <br /> $250.00 to the Northfork Homeowners Association out of the proceeds <br /> of each lot sale in the Northfork PUD; and <br /> <br /> lo. ~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 />AGiLEE¥~RT; and <br /> <br /> ll. ~EtLEAS, the parties wish to detel-mine to the fullest <br />extent possible at this time the park.dedication reqnairements.for <br />all of the Northfork PUD and to amend the AGREEMENT as described <br />herein; and <br /> <br /> 12. WI{EREAS, a map showing the approximate locations of the <br />various parcels of the Northfork PUD encumbered by this ADDENDUM.~ <br />and the .AGtLEE~RT is ~ttached hereto as Exhibit "B" 'and <br />incorporated herein. <br /> <br />NOW, TKEREFOtLE, in consideration of the execution of the <br />AGREEMENT and of the mutual covenants contained herein, the parties <br /> <br /> <br />