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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. WHEREAS the Northfork Homeowners Association intends to <br />create parks, trails and other private amenities on the open space; <br />and <br /> <br /> 9. WHEREAS, DEVELOPER, to facilitate development of such <br />parks, 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 /> 10. WHEREAS, DEVELOPER wishes to offset the commitments and <br />contributions described in Paragraphs 7, 8 and 9 above against the <br />cash park dedication requirements required in Paragraph 5 of the <br />AGREEMENT; and <br /> <br /> 11. WHEREAS, 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 /> <br /> 12. WHEREAS, a map showing the approximate locations of the <br />various parcels of the Northfork PUD encumbered by this ADDENDUM <br />and the AGREEMENT is attached hereto as Exhibit "B" and <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 /> <br />