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Filed for Record 04/16/2009 04:48:53 PM -Kittitas County, WA Auditor-200904160090 Page 3 of 118 AMENDED AND RESTATED DEVELOPMENT AGREEMENT BY AND BETWEEN KJ7TITAS COUNTY, WASHINGTON, SUNCADIA LLC RELATING TO THE DEVELOPMENT COMMONLY KNOWN AS SUNCADIA MASTER PUNNED RESORT THIS AMENDED AND REST A TED DEVELOPMENT AGREEMENT ("Agreement") is dated, for reference purposes, the 2nd day of December, 2008, by and between SUNCADIA LLC, a Delaware limited liability company ("Suncadia.') as successor in interest to Trendwest Resorts, Inc., an Oregon Corporation. Trendwest Investments, Inc .. a Washington corporation, and MountainStar Development, LLC. a Delaware limited liability company (Trendwest Resorts and Trendwest Investments are sometimes collectively refen-ed to herein as "Trendwest"; references hereinafter to Trcndwest,. Mountain Star and/or the "Resort" shall be deemed to refer to Suncadia), and KIITIT AS COUNTY (the .. County"), a Washington municipal corporation, pursuant to RCW 36. 70B. l 80 -.210 and Chapter I SA. I I, Development Agreements, of the Kittitas County Code ('"County Code"). Trendwest and the County are sometimes referred to herein individually as "Party" and collectively as the ·'Parties.'' RECITALS A. To strengthen the public planning process and to reduce the economic costs of development, the Legislature of the state of Washington enacted RCW 36.70B. I 70 -.210 (the "Development Agreement Statute"), which authorizes the County lo enter into an agreement regarding the development of real property located within the County·s jurisdiction with any person having an ownership interest or control of such real property. The County adopk:d Chapter 1 SA.11, Development Agreements. of the County Code to authorize development agreements under the Development Agreement Statute for large, complex or phased developments within the County. Suncadia Master Planned Resort Development Agreement (Amended and R.estAled 12-02·2008) Page 2