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- 2 - <br /> <br />address the park dedication or cash donation requirements for <br />all of the remaining development phases of the Northfork PUD; <br />and <br /> <br /> WHEREAS, the Developer presently has fee title to <br />approximately ll00 acres contained within the ~orthfork PUD, <br />exclusive of that portion of said PUD platted as NORTHFORK; <br />and <br /> <br /> WHEREAS, the City Code permits the City to require <br /> <br />!0% of the said 1100 acres in the PUD to be dedicated for park <br />purposes, for a possible park land dedication of 88 to 1!0 acres. <br />In addition, the code requires that in all PUD's at least 20% of <br />the gross land area be set aside for private or public open <br />space air recreational uses; and <br /> <br /> WEESEAS, the City does at this time have specific park <br /> <br />use plans requiring the dedication of 35 acres of land in ~he PUD <br />for park purposes; and <br /> <br /> ~EKEAS, within the PUD is a private lake consisting of <br />approximately !!0 acres and a private green space area consisting <br />of apprcximate!y I00 acres. <br /> <br /> NOW THEREFORE, BE IT AGREED ~ kh'D BETWEEN TEE <br />M~%!ES HERETO AS FOLLOWS: <br /> <br /> ~.. ~.at the Developer. pricr~ =o :he rec~r~ c'inS ~f the ~.i-:= ~f <br /> <br /> <br />