DV-19-00001 Marian Meadows Development Agreement Master File

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Section 11. Party Addresses for Purposes of Notice. Whenever this Development Agreement requires written notice be given to the Developer or the County, such notice shall be sent to the following address. Easton Ridge Land Company, Inc. P O Box 687 Roslyn, WA 98941 Kittitas County 205 W 5th Ave Suite #108, Ellensburg, WA 98926 Section 12. Project is a Private Undertaking. It is agreed among the parties that the Project is a private development and that the County has no propriety or other interest therein except as authorized in the exercise of its government functions. Section 13. Development Period. This Development Agreement shall commence on the effective date of the Adopting Ordinance by the Board of County Commissioners respecting this Development Agreement, and shall continue in force for a period of Twenty (20) years unless extended or terminated as provided for herein. Following expiration or earlier termination as provided herein, this Development Agreement shall have no further force and effect, subject however, to post termination obligations of the Developer. Section 14. Vested Rh,,hts of Developer. During the term of this Development Agreement, the Developer is assured, and the County agrees, that the development and use rights, obligations, terms and conditions specified in the Project are fully vested and may not be changed or modified except as may be expressly permitted by, and in accordance with, the terms and conditions of this Development Agreement, or as expressly consented thereto by the Developer. This includes the following Kittitas County Codes as vested in 2017: Title 14—Buildings and Construction, Title 16—Subdivisions, Title 17—Zoning, Title 15A—Project Permit Application Process. Section 15. Extension of Preliminary PUD/CUP/Plat Approval. The parties acknowledge that the most efficient and economic development of the Property depends upon numerous factors, such as market orientation and demand, interest rates, competition and similar factors, and that generally it will be most economically beneficial to the ultimate purchaser of the Property to have the rate of development determined by the Developer. The parties agree that the Preliminary PUD, Conditional Use (CUP) and Plat approvals for the development will be in full force and effect for the full term of this Development Agreement as set forth in Section 9, above. The Preliminary PUD/Plat/CUP may be further extended upon request by the Developer and mutual agreement of the parties for an additional period of time as may be requested by the Developer and approved by the County provided that any such amendment or extension shall follow the process established by law for the adoption of a Development Agreement (see RCW 36.70B.200). Development Agreement — Page 7 of 12