RecDoc2026-004968 Fourth Amendment to Development Agreement 1548 Maple, LLC

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Off -Site Wall B21- Wall along Hwy 101 RWC Building Dept 5 -Feb -26 15 -Apr -27 Permit 2896 10. Amendment of Section 6.1 (Developer Fees). A new Subsection 6.1.A.(3) is added to the Development Agreement as follows: "(3) Notwithstanding anything to the contrary in this Section 6. 1, subject to Developer meeting the Expedited Blomquist Construction Criteria (defined below), Developer shall pay the impact fees in the column named "Proposed (parks escalated, TIF & 101/84 credited)" In Table 6.1 below ("Alternative Fees") which account for additional TIF and 101/84 credits for work performed (estimated savings of $2,044,133.60). The "Expedited Blomquist Construction Criteria" means and includes all of the following: (a) Developer has commenced construction of the Blomquist Extension Work within 18 months following the Fourth Amendment Effective Date (the "Construction Commencement Date" shall be memorialized by the Parties); and (b) after the Construction Commencement Date, Developer has diligently prosecuted, and continues to diligently prosecute construction of, the Blomquist Extension Work to completion such that (i) the underground utilities component of such work (other than stormwater treatment facilities), the retaining wall along the Caltrans right-of-way, and placement of fill to rough grading elevations within the roadway and former LifeMoves site are on schedule to be completed within 18 months following the Construction Commencement Date, as reasonably determined by the City Manager or their designee, and (ii) all additional components of the Blomquist Extension Work, including roadway curb, gutter, pavement; sidewalks/multi-use path along roadway frontage; street trees; street lights; and stormwater treatment improvements, are on schedule to be completed within 24 months following the Construction Commencement Date, as reasonably determined by the City Manager or their designee. If, after initially meeting the Expedited Blomquist Construction Criteria and paying Alternative Fees for one or more residential units, Developer falls out of compliance with the Expedited Blomquist Construction Criteria as reasonably determined by the City Manager or their designee, then Developer shall immediately commence paying the Existing Impact Fees, including all escalations thereof, required under Section 6.1.A.(1)- (2) above, for all remaining residential units and Developer shall also pay City the total difference between the Existing Impact Fees (including escalations) and the Alternative Fees for all units Alternate Fees were paid for based on amounts in effect on the date the Alternative Fees were paid (the "True Up Payment") within 45 days after City's demand therefor." (Remainder of page intentionally left blank) ATTY/AGR/2025/AMEND.NO.4 - 1548 MAPLE DA REV: 01-22-26 VR Page 9 of 12