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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 /> ~'HEREAS, the Developer presently has fee title to <br /> approximately 1100 acres contained ~'ithin the Northfork 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 8%- <br /> <br /> 10% of the said 1100 acres in the PUD to be dedicated fo'-' 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 learn 20% of <br /> the gross land area be set aside for private or public open <br /> space air recreational uses; and <br /> <br /> WHEREAS, the City does at this time have specific park <br /> <br />use plans requiring the dedication of 35 acres of land in the PUD <br />for park purposes; and <br /> <br /> WIIEREAS, ~'ithin the PUD is a private lake consisting of <br />appro>:imate!y Il0 acres and a private green space area consisting <br />of approximately I00 acres. <br /> <br /> ~OW T~.EREFOKE, BE IT AGREED ~Y A~D BET~'~EN THE <br />PART!ES HERETO AS FOLLOW'S: <br /> <br /> !. ~nat the Developer prior ~o the recording of the plat of <br />NORTHFOP~K SECO!rD ~'i!! convey ~o the City by Quit Claim Deed, a <br /> <br />.oeroetua~._ eas~._nt=~= ~ to the =o;!o-,'ing_ _._~==:=~-~v_~ described property <br />located ~-ithin the PUD, <br /> <br /> A 60.00 fos. t ~'ide permanenz easement for trail ourooses <br /> over, under and across the fo!!o'~'ing described property: <br /> <br /> <br />