Agmt22 Tri-Party Implementation 1548 Maple, LLC

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2 ATTY/AGR/2022.014.01/TRI-PARTY AGREEMENT REV: 01-25-2022 VR (“Blomquist County Right-of-Way”), and City has agreed to convey to County a fee interest in an approximately 2.52 acre portion (“City Parcel”) of an undeveloped approximately 4.56 acre City-owned parcel at 1469 Maple Street (“City Property”). F.City, County and Developer have entered into an agreement dated on or about the date hereof (“Tri-Party Implementation Agreement”) which, among other things, (i) sets forth terms under which Developer will demolish all buildings and improvements on the County Property, which include a former correctional center, an operating homeless shelter, a portable building and parking facilities, including any buildings and improvements, or portions thereof, located outside of the Blomquist County Right-of-Way, subject to City and County’s agreement to reimburse Developer a pro rata share of the out-of-pocket costs of such demolition; and (ii) provides Developer with temporary construction license rights to utilize portions of the County Property and City Property in connection with Developer’s development of the Project. G.The Parties now desire to revise the Development Agreement to establish a date certain for the County Segment Outside Date and clarify certain related matters. H.Section 9.2 of the Development Agreement authorizes the Parties to enter into Insubstantial Amendments to the Development Agreement without a public hearing. The Parties agree that the Second Amendment is an Insubstantial Amendment to the Development Agreement. NOW, THEREFORE, in consideration of the promises, covenants and provisions set forth herein, the receipt and adequacy of which is hereby acknowledged, the Parties agree as follows: A G R E E M E N T S ARTICLE 1. DEFINITIONS Section 1.1 All capitalized terms used herein shall have the meanings given in the Development Agreement, except as expressly otherwise defined in this Second Amendment. ARTICLE 2. SPECIFIC AMENDMENTS Section 2.1 Subsection 3.3C. of the Development Agreement (Blomquist – Developer and County Segments) is deleted in its entirety and replaced with the following (deletions shown in strike out; additions shown as double underlined): “C. Blomquist –Developer and County Segments. Subject to the terms of this Section 3.3C, Developer, at its expense, shall construct or cause the construction of the Blomquist–DeveloperSegmentandtheportionsoftheBlomquistStreetExtensionlocated on the County-owned parcel designated as APN 050-532-020 and APN 052-532-030 and on the adjacent improved, but substandard, City-owned Maple Street right-of-way located between the Blomquist – City Segment and U.S. Highway 101(collectively, the “Blomquist – County Segment”) as depicted on Exhibit C. The Parties acknowledge that the Blomquist – Developer Segment and Blomquist – County Segment are linked in that construction of one segment, without the other, would not serve the interests of the City or its residents or the inhabitants of the Project. The Parties further acknowledge that