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� . � N COPY <br /> park use; with park development and ca ital im rovements to be oi'nt� <br /> p p � y irecte by Source Land <br /> Development(SLD) and CLP. <br /> C. The Developer has requested that the City approve certain improvements to said <br /> Outlot I that were not specifically addressed within the Agreement. <br /> NOW, THEREFORE, in consideration of the covenants and undertakings contained <br /> herein and for other good and valuable consideration, the receipt and sufficiency of which is <br /> hereby acknowledged, the parties agree as follows: <br /> 1. AMENDMENT OF PARAGRAPH 24(H) OF THE AGREEMENT. <br /> Paragraph 20(H) of the Agreement is amended to read as follows: <br /> H. Outlots C and I are not considered as buildable lots until such time that they are <br /> replatted as residential lots. The Developer shall notify and obtain City approval <br /> for the future replatting of Outlots C and I into additional residential lots. Outlot I <br /> is intended as a privately owned park that will be opened to the public. Outlot I <br /> will be subject to a perpetual conservation easement with restrictions for passive <br /> park use. Title to Outlot I will be retained by the Lakeview Homeowners <br /> Association with conservation easement granted to Citizens for Lakeview <br /> Preservation, Inc. (CLP). Site work will be completed by SLD contemporaneous <br /> with the other Lakeview of Orono improvements. Maintenance of Outlot I shall <br /> be the responsibility of the Lakeview Homeowners Association. The City of <br /> Orono does not intend to own, maintain or accept liability for the private park in <br /> Outlot I,which obligations shall be the sole responsibility of the owners. <br /> Improvements to Outlot I shall be limited to the trails indicated on Plan I Sheet <br /> G507 as noted in Para�raph 7 of the Agreement• and to the specific si�na�e <br /> imnrovements described in E�ibit A attached hereto Developer shall obtain a <br /> Citv pernut for the tempor sign such si�n to be allowed to remain in place for <br /> 90 davs from the date of installation• and shall obtain a Cit�permit for the <br /> permanent Main Park Si�n The tempor sign and Main Park Si�n shall be <br /> setback no less than 10 feet from the street lot line of Outlot I All other si a� <br /> descnbed in Exhibit A includin interpretive/educational signs tree and planti� <br /> si�ns, and memorial or dedication signs shall not re uq ire City ermits <br /> 2. The above Recitals are hereby incorporated as a material part of the Agreement <br /> with the same force and effect as if restated in full in this Paragraph. <br /> 3. Except as provided herein, all terms and provisions of the Agreement, as <br /> amended, shall remain in full force and effect. <br /> 4. This Amendment may be executed in one or more counterparts, each of which <br /> shall be deemed to be an original and together which shall constitute one and the same <br /> Agreement. <br /> Page2of5 <br />