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Filed for Record 04/16/2009 04:48:53 PM - Kittitas County, WA Auditor - 200904160090 Page 3 of 118 <br />AMENDED AND RESTATED DEVELOPMENTAGREEMENT BYAND BETWEEN <br />KITTITAS COUNTY, WASHINGTON, SUNCADL4 LLC <br />RELATING TO THE DEVELOPMENT COMMONLY KNOWNAS <br />SUNCADIA MASTER PLANNED RESORT <br />THIS AMENDED AND RESTATED DEVELOPMENT AGREEMENT ("Agreement") <br />is dated, for reference purposes, the 2"d day of December, 2008, by and between SUNCADIA <br />LLC, a Delaware limited liability company ("Suncadia") as successor in interest to Trendwest <br />Resorts, Inc., an Oregon Corporation, Trendwest investments, Inc., a Washington corporation, <br />and MountainStar Development, LLC. a Delaware limited liability company (Trendwest Resorts <br />and Trendwest Investments are sometimes collectively referred to herein as "Trendwest"; <br />references hereinafter to Trendwest, MountainStar and/or the "Resort" shall be deemed to refer <br />to Suncadia), and KiTTITAS COUNTY (the "County"), a Washington municipal corporation, <br />pursuant to RCW 36.70B.180 -.210 and Chapter 15A.1 1, Development Agreements, of the <br />Kittitas County Code ("County Code"). Trendwest and the County are sometimes referred to <br />herein individually as "Party" and collectively as the "Parties." <br />RECITALS <br />A. To strengthen the public planning process and to reduce the economic costs of <br />development, the Legislature of the state of Washington enacted RCW 36.708.170 - .210 (the <br />"Development Agreement Statute"), which authorizes the County to enter into an agreement <br />regarding the development of real property located within the County's jurisdiction with any <br />person having an ownership interest or control of such real property. The County adopted <br />Chapter 15A. 11, Development Agreements, of the County Code to authorize development <br />agreements under the Development Agreement Statute for large, complex or phased <br />developments within the County. <br />Suncadia Master Planned Resort Development Agreement (Amended and Restated 12-02-2008) Page 2 <br />