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that the most efficient and economic. development of the property depends upon numerousfactors' such as market otitoiution^urra o.-urro, il *.r, .ut"., competition and similar factors,and that generallv it will bt ;;.t;onomicaliy u.rr.n.iur to the ultimate purchaser of theProperty to have tle rate of d"r'.tonrrr"rrt determineJ;;il Dweloper. The parties agree thatthePreliminary PuD" c-on{i1r9nar u.JGut) und pi;;;ppr"r"r, for the development w'l be in tu'force and effect for the full term-Jti,rio.^r"ryn-r"ffire-rrrt <br />as set forthin section 9, above.The Preliminary PUD /Plat/CIJP ffi;. furthlr ""r.nira upon requesr by the Developer andmutual agreement of the parties ioTun additionaiferil-Jof time as may'be requested by theDeveloper and approved by tttt couJy provided ,i* irvsuch amendmlnt or extension shall;?'.;}3,![p-rocess <br />established by law ror'the "d*,t"; oi'u r.rr.ropment Agreement (see RCw <br />As the Develooment is put in place, By_lawsformulated addressing rfr"--irnpi.rn.rtution ofresidential uses (singl. a.ify ulrJ ro-*nfro_.. o <br />and Codes, Covenants and Restrictions will beBoards for the overall .orn_uniry,"u. fo, ,frcwners) and storage complex 1.torug. o;..9. <br />Regulati ons contemplate the exercise ofpowers are to be exercised reasonably and <br />sting Land Use <br />County, which <br />Section 18' Existine't4n{ use F'ees . Landuse fees adopted by the county by ordinance as ofthe Effective Date <br />"f th"P;;1fi-.;t.egreemeniil;. <br />increased by the county from rime totime' and the same may be upprituui" to permits uJ;p;.rals for the property, provided such <br />ffil *:,:ff #l'il1::fftr;*il:Ti ;d;i i; ;;ii.'X'' : and mus t b ; 6; il ; .quu' y,o,i. il u. <br />Section 19. Default. <br />19'1 Subiect to extensions of time by mutual consent in writing, failure or delay byeither parly ot Lindowner ";; ;;;;;d from ilris oeveropment Agreeiient to perform anvmaterial term or orovision of this o"*r"p-* egr..irrri.rruil constitute a default. In the .u"rrtof alleged defauit or breach ;;;;'r""*, or conditions of this Development Agreement, thepatty alleging such defautt or breac'h .Lil giu. ;d;rh;; arty orlandowner not less than thirty(30) days' notice in writf8i*{ttil; the nature ortt Jal.ged default andmanner in whichsaid default mav be cured'. D;"taf thirtv rioj a";rioal1r. pur,y o;lunco*rrer chargedshall not be considered in dtdi;^6,"ourpor., of termination or institutitn ortrgat proceedings. <br />Development Agreement _ page g of 12