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RecDoc2026-004968 Fourth Amendment to Development Agreement 1548 Maple, LLC
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RecDoc2026-004968 Fourth Amendment to Development Agreement 1548 Maple, LLC
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Last modified
2/20/2026 4:40:27 PM
Creation date
2/20/2026 4:37:58 PM
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Recorded Docs
Recorded Docs - Type
Agreement
Doc Num
2026-004968
Rec Date
1/30/2026
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s1 ee,lat�n 4 � g „'I .-.�',-astr.�..i....o I••1�..�.; , .a++� DeyelO er 12rUDU5e5 tU <br />devel h Prouty with market -rate home development with en space <br />r_= walkways, parking areas, bay trail improvements, waterfront amenities, and other <br />on- and off-site infrastructure ("Proieet"l." <br />3. Satisfaction of Biomquist_Extension Contingencies. The Parties acknowledge and <br />agree as follows: <br />(a) City obtained the County Authorization and satisfactorily completed the <br />Abatement Work prior to the County Segment Outside Date; <br />(b) Developer has completed the Demolition Work (as defined in the Tri -Party <br />Agreement); and <br />(c) As of the Fourth Amendment Effective Date, Developer has obtained all <br />Non -County Authorizations (as defined in Section 3.3.C. of the Development Agreement <br />as amended by the Second Amendment) and agrees that it shall use best efforts to prevent <br />the expiration of any Non -County Authorizations prior to completion of the Blomquist <br />Extension Work. <br />4. Blomquist Extension Work. Subsections C. and D. of Section 3.3 of the <br />Development Agreement (Blomquist and Maple Street Extension/ Reconfiguration and Land <br />Exchange) are deleted in their entirety and replaced with the following (deletions shown in stere <br />e*t; additions shown as double underlined): <br />"C. Blomquist —Developer and County Segments. Subject to the terms of this <br />Section 3.3C, Developer, at its expense, shall construct or cause the construction of the <br />Blomquist— Developer Segment and the portions of the Blomquist Street Extension located <br />on the County -owned parcel designated as APN 050-532-020 and on the adjacent <br />improved, but substandard, City -owned Maple Street right-of-way located between the <br />Blomquist — City Segment and U.S. Highway 101 (collectively, the `Blomquist — County <br />Segment") as depicted on Exhibit C. <br />the inhabitants of the Rr-olieet. The Par-Opq that DON,eleper-!s ability �a <br />-11.1 _1 the per -tion of the Blemquist Gaunty Segmen <br />(i i) G ity "eta 6' i Ag De N,e 1 a PL-!. that i t has ee nA p 1 eted !he A bmemeRt Wei -k (as de Fi noel i iq th <br />Goufit�, Auther-4-ation and eamplete the Abatement Wefk. in no event shall the status of <br />ATTY/AGR/2025/AMEND.N0.4 - 1548 MAPLE DA <br />REV: 01-22-26 VR <br />Page 4 of 12 <br />
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