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E. The new development added by this Second Amendment is to be located on the <br />additional parcels that have been acquired by Developer and are shown collectively as <br />Additional Parcel No. 4 on Exhibit 1 attached hereto and incorporated herein by this reference. <br />Additional Parcel No. 4 shall be considered as an "Additional Parcel" and as part of the <br />"Property" as those terms are defined herein. The parcels comprising Additional Parcel No. 4 <br />were acquired by Developer from several different owners. <br />F. The terms and conditions of this Second Amendment have been found by the City <br />Council to be fair, just and reasonable, and City has concluded that the purpose of the <br />development of the Property as described herein (the "Development") will serve the best interests <br />of its citizens and the public health, safety and welfare will be best served by entering into this <br />Second Amendment. The City and Developer intend that this Second Amendment shall restate <br />and supersede in their entirety the Development Agreement and the First Amendment. <br />NOW, THEREFORE, in consideration of the foregoing Recitals, and the mutual <br />covenants and promises hereinafter contained, and for good and valuable consideration, the <br />receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: <br />Application. <br />As used herein, (i) the "Original Parcel" means that certain property owned by Developer <br />and identified as the "Original Parcel' in Exhibit 11 (and legally described in Exhibit 12) <br />attached hereto and incorporated herein by this reference, and (ii) "Additional Parcel No. 1 ", <br />"Additional Parcel No. 2" and "Additional Parcel No. 3" means that certain real property owned <br />by Developer and identified as such in Exhibit 11 (and legally described in Exhibit 12) attached <br />hereto and incorporated herein by this reference. This Second Amendment pertains to the <br />Original Parcel and to Additional Parcel Nos. 1,2, 3 and 4. Developer has acquired title to all of <br />the parcels comprising Additional Parcel No. 4 and has processed with the City all necessary <br />Street Vacations, Lot Mergers and/or Tract Maps, Zoning Amendment Applications and General <br />Plan Amendments, as applicable, needed to match the zoning on the Original Parcel with the <br />Additional Parcels. It is intended that no further or additional action be necessary by either party <br />hereto to make this Second Amendment effective as to the entire Property, including the Original <br />Parcel and Additional Parcel Nos. 1, 2, 3 and 4. <br />2. Term. <br />(a) The 'Effective Date" of this Second Amendment shall be May 15, 2018. <br />City and Developer are executing this Second Amendment as it has been approved by the City <br />Council. <br />(b) The term of this Second Amendment (the "Term") shall be twenty-five <br />(25) years from the Effective Date, subject to earlier termination as hereinafter provided. Unless <br />otherwise specified, the obligations herein and the rights herein shall remain in full force and <br />effect throughout the Term. <br />(c) City may terminate this Second Amendment prior to expiration of the <br />Term if Developer fails to perform its obligations under this Second Amendment, subject to the <br />requirements of Section 13 hereof. <br />SMRH,4830-4678-6704.6 -2- <br />