2001-53-Ordinance No. 2001-008 Recorded 2/2/2001VOL: CJ2001 PAGE: 53 RECORDED DOCUMENT STATE OF OREGON COUNTY OF DESCHUTES *02001-53 * Vol -Page Printed: 02/12/2001 08:28:17 DO NOT REMOVE THIS CERTIFICATE (This certificate constitutes a part of the original instrument in accordance with ORS 205.180(2). Removal of this certificate may invalidate this certificate and affect the admissibility of the original instrument into evidence in any legal proceeding.) I hereby certify that the attached instrument was received and duly recorded in Deschutes County records: DATE AND TIME: DOCUMENT TYPE: Feb. 2,2001; 8:00 a.m. Ordinance (CJ) NUMBER OF PAGES: 17 MARY SUE PENHOLLOW DESCHUTES COUNTY CLERK KE U HED F 1 2 2001 �pdl-59 BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON An Ordinance Approving the Development * RECEIVE, -'P' Agreement By and Among Barclay Meadows Business Park, LLC, City of Sisters and Deschutes * h Lb 0 �: 2du I County and Declaring an EmerCency. DESCtiUTE;; COUNTY �LrENK ORDINANCE NO. 2001-008 p, 66 GLS WHEREAS, Deschutes County is authorized by ORS 94.504 to enter into Development Agreements with persons having legal or equitable interests in real property; and WHEREAS, the attached Development Agreement contains Recitals which describe the objectives of the Development Agreement and describe the ways and means for accomplishing the objectives, which Recitals are incorporated herein; and WHEREAS, the attached Development Agreement includes documents that are assembled as part of a common set of exhibits which support the Development Agreement; and WHEREAS, the Board of County Commissioners has conducted a hearing and has considered the testimony and written public comment relating to the Development Agreement; and WHEREAS, in accordance with the findings adopted contemporaneously with this Ordianace, the Board of county Commissioners finds that the attached Development Agreement, listed in Section 1 of this Ordinance, complies with all applicable land use goals, laws, rules and regulations. THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON, ORDAINS as follows: Section 1. That the attached "Development Agreement By and Among Barclay Meadows Business Park, LLC, City of Sisters and Deschutes County" is hereby approved. Section 2. That the Chair of the Board of County Commissioners is authorized to execute the attached Development Agreement referred to in Section 1 of this Ordinance, when such Development Agreement is fully executed and provided to Deschutes County by Barclay Meadows Business Park, LLC. PAGE 1 of 2 - ORDINANCE NO. 2000-041 Development Agreement (Barclay Meadows) Section 3. EMERGENCY. This ordinance being necessary for the immediate preservation of the public peace, health and safety, an emergency is declared to exist, and this ordinance takes effect on its passage. r DATED this [ day o 001. UBOARD OF COUNTY COMMISSIONERS ATTEST: Recording Secretary PAGE 2 of 2 - ORDINANCE NO. 2000-041 Development Agreement (Barclay Meadows) OF DESCHUTES COUNTY, OREGON TOM D OLF, Ch 15EMIS R. LUKE, Commissioner MIKf DALY, Commis/sillner E7 LEGA NSEL , 2001 DEVELOPMENT AGREEMENT THIS DEVELOPMENT AGREEMENT, hereinafter referred to as "Agreement," is made and entered into by and between CITY OF SISTERS, hereinafter referred to as "City"; DESCHUTES COUNTY, hereinafter referred to as "County;" and BARCLAY MEADOWS BUSINESS PARK, L.L.C., hereinafter referred to as "Barclay Meadows." RECITALS A. Barclay Meadows owns a 35 acre parcel of real property identified on the Deschutes County Assessor's Map as 15-10-04, Tax Lot 103, as more particularly described in the attached Exhibit "A," and hereinafter referred to as the "Barclay property." B. The Sisters School District No. 6, hereinafter referred to as "School District," owns a 29 acre parcel of real property, hereinafter referred to as "School District property," which is adjacent to the west of the Barclay property described above. C. Both the School District property and the Barclay property are currently zoned EFU and are located in Deschutes County immediately adjacent to the north but just outside of the Sisters UGB boundary and the Sisters City limits. D. Barclay Meadows (Deschutes County File No. PA-99-4/ZC-99-1) and School District (Deschutes County File No. PA-99-5/ZC-99-3) have filed separate land use applications with Deschutes County to bring their respective properties within the Sisters UGB and rezone them Light Industrial. Both properties have been approved for annexation to the City of Sisters as light industrial property. Once the properties are inside the UGB, annexed to the City and zoned Light Industrial, Barclay Meadows and School District intend to subdivide their respective properties for ultimate light industrial development. E. The intent of this Agreement is to provide for limitations on the types of industrial uses allowed on the Barclay property described above, to provide a conceptual plan for future subdivision and industrial development of the Barclay property and to provide a plan for traffic improvements to address the impacts from development of the Barclay property. This Agreement was developed in conjunction with a similar agreement involving the School District property. The two agreements are separate and distinct from one another but both are based on similar development plans for the two properties, the material in the two land use files referenced herein, and on a joint transportation study prepared by David Evans and Associates analyzing the traffic impacts associated with industrial development of the two properties. F. It is also the intent of this Agreement to plan for the transportation improvements and contributions that will be required under this Agreement. DEVELOPMENT AGREEMENT - Page 1 of 14 Barclay Meadows, together with its respective assigns, voluntarily agrees to the limitations and contributions described herein in order to gain the certainty and benefits that this Agreement provides. City and County will benefit in that they also will have certainty as to the development limitations, future subdivision and industrial use plans and contributions to the transportation system as described herein. G. The parties acknowledge that City and the Oregon Department of Transportation ("ODOT") have initiated development of a Transportation System Plan ("TSP") for City which will identify the locations of future transportation improvements such as, but not limited to, traffic signals, turn lanes, parallel arterials and collector routes, etc., set costs estimates and plan for funding of those improvements, and establish street designations and levels of service or other mobility standards for area roads and intersections, including recognizing Sisters as a Special Transportation Area ("STA"). This Agreement is not intended to supersede or impact the development of the TSP. Instead, this Agreement is intended to provide a plan for transportation improvements to address the traffic impacts from development of the two properties pursuant to the planning responsibilities set forth in the Transportation Planning Rule at OAR -660-012- 0060. To the extent that the transportation facilities identified through the TSP process differ or conflict with those facilities identified herein, the TSP shall control and the monies contributed herein shall be used for the facilities identified in the TSP. H. Pursuant to the January 2000 Update to the Transportation Impact Study and the Addendum to January 2000 Update to the Transportation Impact Study prepared by David Evans and Associates and submitted to Deschutes County in the two land use files referenced herein, the parties agree that the streets and intersections which will be impacted by the ultimate development of the two properties include U.S. Highway 20/1-ocust Street, U.S. Highway 20/Pine Street, and the future intersection of U.S. Highway 20/McKinney Butte. I. U.S. Highway 20 is a part of the state highway system under the jurisdiction and control of the Oregon Transportation Commission. Pine Street, Locust Street and most of the future McKinney Butte collector are a part of the City road system under the jurisdiction and control of the City. Some of the conceptual alignment of the future McKinney Butte collector may lie outside the Sisters UGB which would be under the control of the County. J. By the authority granted in ORS 810.210, ODOT is authorized to determine the character or type of traffic control devices to be used, and to place or erect them upon state highways at places where ODOT deems necessary for the safe and expeditious control of traffic. No traffic control devices shall be erected, maintained, or operated upon any state highway by any authority other than ODOT, except with its written approval. K. By the authority granted in ORS 366.425, ODOT may accept deposits of money or an irrevocable letter of credit from any county, city, road district, person, firm, or corporation for the performance of work on any public highway within the DEVELOPMENT AGREEMENT - Page 2 of 14 State. When said money or a letter of credit is deposited, ODOT shall proceed with the project on a schedule determined by ODOT. Money so deposited shall be disbursed for the purpose for which it was deposited. L. By the authority granted in ORS 94.504 through 94.528, City and County are authorized to enter into Development Agreements to govern the development of property within their respective jurisdictions. M. To the extent that any of the monies paid to City under this Agreement are used to fund improvements or a portion of improvements which are outside the jurisdiction or control of the City, including traffic improvements on Highway 20 that fall within ODOT's jurisdiction and any portion of the future McKinney Butte collector that my fall within Deschutes County's jurisdiction, City shall enter into an appropriate agreement or take the necessary actions to disburse those monies to the jurisdiction or agency responsible for installation of and/or control of the improvement as part of the City's contribution for those improvements. N. On behalf of City, this Agreement is to be authorized by City of Sisters Ordinance No. 317 following a hearing held on December 27, 2000. Notice of the hearing was provided to County, ODOT, nearby property owners and other interested parties consistent with applicable law. O. On behalf of the County, this Agreement was authorized by Deschutes County Ordinance No. 2001-008 following a hearing held on December 27, 2000. Notice of this hearing was provided to the City, ODOT, nearby property owners and other interested parties consistent with applicable law. P. The execution of this Agreement is in the best interest of the public health, safety and welfare and is consistent with the Deschutes County Comprehensive Plan and implementing ordinances and the Sisters Urban Area Comprehensive Plan and implementing ordinances. AGREEMENT In consideration for the mutual promises and performance obligations of each party set out in this Agreement, the parties agree as follows: Effective Date and Term of Agreement: This Agreement shall be effective following adoption of the City and County ordinances approving this Agreement pursuant to ORS 94.508, and upon the effective date of final adoption of the City ordinance finalizing annexation and approving the zone change to the City Light Industrial Zone. This Agreement shall begin as set forth above and its duration shall be in accordance with the provisions of ORS 94.504(2)(a). DEVELOPMENT AGREEMENT - Page 3 of 14 2. Conditions to Parties' Obligations: The parties shall not be required to perform their respective obligations set out herein unless and until the land use and development approvals listed in Section 1 above have been granted, the period for appeal of such approvals has passed with no appeal being filed, or if an appeal is filed, the appeal has been finally resolved to Barclay Meadows' satisfaction. 3. Permitted Uses: Barclay Meadows shall be permitted, subject to Site Plan Review and, if necessary, Conditional Use Approval, to use the property described herein for the uses allowed under the current City of Sisters Zoning Ordinance, Section 15.02.150, Light Industrial Zoning, except that the following uses shall not be allowed on the property referenced herein, the legal description of which is attached hereto as Exhibit "A": boat building, fuel oil distributor, manufacture of concrete products, asphalt or concrete batch plant, and wrecking or junk yard. Other than the specific prohibitions described above, the uses allowed through this Agreement do not preclude other uses allowed through a change of zoning regulations or through additional permits or agreements. The maximum height and size of any structures shall be as set forth in the applicable zoning ordinance. 4. Minimum Setback: Minimum setback from the north property line of the Barclay property shall be 50' for any building that does not exceed 20' in height and 100' for any building over 20' in height. The setbacks from all other property lines shall be as set forth in the applicable zoning ordinance. 5. Plan for Infrastructure Improvements and Conditions: 5.1 Pursuant to the January 2000 Update to Transportation Impact Study and the Addendum to January 2000 Update to Transportation Impact Study, the maximum development allowable on the subject properties would result in 15% of the available 29 acres for the School District and the available 28 acres for Barclay Meadows being reserved for infrastructure and the remaining lot coverage being 35%. This results in a total industrial park development of 375,815 square feet for School District and 362,855 for Barclay Meadows. Based on Institute of Traffic Engineers (ITE) trip generation equations for an industrial park, 569 PM peak hour trips would be generated by the two sites (290 for School District and 279 for Barclay Meadows). 5.2 Pursuant to the January 2000 Update to Transportation Impact Study, School District at worst case scenario buildout in 2015 could generate the following percentages of critical moves ("critical move" is the left -through movement on the minor street) in the p.m. peak hour at these DEVELOPMENT AGREEMENT - Page 4 of 14 intersections: 8.3% at the future McKinney Butte/U.S. Hwy. 20; 37.4% at Locust/U.S. Hwy. 20; and 16.4% at Pine Street/U.S. Hwy. 20. Of the total traffic entering the intersection from the McKinney Butte collector in 2015, the School District property would contribute 11.8%. 5.3 Pursuant to the January 2000 Update to Transportation Impact Study and the Addendum to January 2000 Update to Traffic Impact Study, Barclay Meadows at worst case scenario buildout in 2015 could generate the following percentages of critical moves in the p.m. peak hour at these intersections: 11.2% at future McKinney Butte/U.S. Hwy. 20; 36.0% at Locust/U.S. Hwy 20; and 15.7% at Pine Street/U.S. Hwy. 20. Of the total traffic entering the intersection from the McKinney Butte collector in 2015, the Barclay Meadows property would contribute 11.2%. 5.4 Subject to the contingencies provided for herein, Barclay Meadows agrees to restrict development on the Barclay property to uses which will not produce in excess of 203 PM peak hour trips, which when combined with a similar restriction on the School District property (210 PM peak hour trips) through the development agreement referenced herein for that property, represents 68% of the "worst case scenario" PM peak hour trips per day which would occur if unrestricted development were allowed. 5.5 ODOT anticipates that traffic signals, if ultimately approved through the TSP process, at the future McKinney Butte/U.S. Hwy. 20, Pine/U.S. Hwy. 20 and Locust/U.S. Hwy. 20 will cost $150,000 each and that the future McKinney Butte collector will cost $700,000 to construct. If the TSP does not identify the transportation facility improvements referenced herein as a part of the TSP, the School District and Barclay Meadows monies will be put toward the transportation facility improvements which are identified in the TSP. 5.6 In accordance with the timing and procedures set forth in paragraph 5.9, Barclay Meadows agrees to pay fees to City to be used to fund the future McKinney Butte collector, a traffic signal at each of the intersections of U.S. Hwy. 20/McKinney Butte; U.S. Hwy. 20/1-ocust; and U.S. Hwy. 20/McKinney Butte. 5.7 With regard to the 413 trips identified herein, Barclay Meadows agrees to calculate its contribution at the amounts identified in Table 1, as identified in the Addendum to January 2000 Update to Transportation Impact Study, in order to mitigate its traffic impacts. DEVELOPMENT AGREEMENT - Page 5 of 14 5.8 TABLE 1 Locust Street Signal $ 150,000 33.9% $ 50,850 McKinney Butte Signal $ 150,000 6.3% $ 9,450 McKinney Butte Collector $ 700,000 9.1% $ 63,700 Pine Street Signal $ 150,000 12.5% $ 19,950 Subtotal $143,950 10% Contingency Fund $ 14,395 TOTAL $158,345 Cost Per PM Peak Hour Trip $ 754 Locust Street Signal $ 150,000 32.9% $ 49,350 McKinney Butte Signal $ 150,000 6.3% $ 9,450 McKinney Butte Collector $ 700,000 8.7% $ 60,900 Pine Street Signal $ 150,000 12.5% $ 18,750 Subtotal $138,450 10% Contingency Fund $ 13,845 TOTAL $152,295 Cost Per PM Peak Hour Tri $ 754 The 10% Contingency Fund referenced in the Table above is intended to provide protection to the agencies and jurisdictions in the event the cost of the improvements identified in the TSP for the intersections referenced herein exceeds the costs estimated herein. In the event the cost of such improvements does not exceed the costs estimated herein, School District and Barclay Meadows shall be given transportation SDC credits up to the amount of the 10% contingency paid by each, as set forth above. Such SDC credits shall be assignable and transferable. It is intended that the Barclay property will be subdivided or partitioned and ultimately developed through a site plan review and possibly a conditional use process. The exaction payments referenced herein shall be paid to the City upon subdivision or partition approval or, if the property is not subdivided or partitioned, upon site plan approval, whichever occurs first. The parties agree that the exaction payments set DEVELOPMENT AGREEMENT - Page 6 of 14 forth herein are not personal obligations but instead apply to run with the land for the property described in Exhibit "A". Barclay Meadows' exaction referenced in Table 1 will be due and payable by the owner of the property described in the attached Exhibit "A" upon the sooner of subdivision/partition approval or site plan approval for the property, regardless of the development status of the School District property. 5.9 The parties agree that the improvements planned for in this Agreement mitigate all foreseeable impacts that the proposed developments will have on the Sisters area transportation system as long as the land uses are consistent with the development limitations as set forth herein. Once development of either of the subject properties reaches a level that generates the maximum trips allowed for that property as set forth in paragraph 5.4, the owners of the remaining undeveloped lots will be required to address the transportation impacts of their respective developments in accordance with the law in effect at the time. 5.10 This Agreement contemplates that School District and Barclay Meadows will contribute a total of 18% of the estimated cost of the future McKinney Butte collector. In the event public or private grant funds become available to fund the McKinney Butte collector in an amount in excess of 82% of the cost of the collector as identified in the adopted TSP, then School District and Barclay Meadows shall be given a credit against transportation SDC's equal to the total dollar amount by which such grants or other funds exceeds 82% of the cost of the collector. Such SDC credits shall be pro -rated with 9% to School District and 9% to Barclay Meadows and shall be assignable and transferable. 5.11 In the event the provisions of OAR 660-012-0055(3) and (4) are found to apply to the developments referenced herein, Barclay Meadows agrees to comply with the relevant sections of the rule, including the provisions at OAR 660-012-0045(3), (4)(a) - (f) and 5(d). 6. Form of Pavment and Accountinq: 6.1 In accordance with the timing and procedures set forth herein, Barclay Meadows, or its assigns, shall make all payments in the form of cash or check. 6.2 City shall accept and deposit Barclay's funds into a designated fund. Receipt of the funds shall be acknowledged in writing by the recipient and credited towards the overall contribution of Barclay Meadows. 7. Continuing Effect of Agreement: In the case of any change in regional policy or federal or state law or other change in circumstance which renders compliance with the Agreement impossible or unlawful, the parties will attempt to give effect to the remainder of the Agreement, but only if such effect does not prejudice the substantial rights of DEVELOPMENT AGREEMENT - Page 7 of 14 any party under the Agreement. If the substantial rights of any party are prejudiced by giving effect to the remainder of the Agreement, then the parties shall negotiate in good faith to revise the Agreement to give effect to its original intent. If the parties fail to agree to an amended Agreement within ninety (90) days of the commencement of negotiations, then any party may request that an arbitrator give an equitable effect to the remainder of the Agreement, and the Agreement shall thereafter be amended pursuant to the order of the arbitrator. If, because of a change in policy, law or circumstance, the Agreement fails of its essential purpose (vesting of allowed uses, limitations on uses and development conditions, planning for transportation facility improvements), then the parties shall be placed into their original position to the extent practical. As used herein, however, "change in circumstance" does not include changes in local government land development or land division regulations. It is the intent of this Agreement to vest development rights and conditions, including but not limited to the permitted uses, infrastructure improvements and fees and charges as set forth herein, notwithstanding any change in local ordinance or policy. To the extent any local rule, ordinance, regulation or policy is adopted on a jurisdiction - wide bases, and is not inconsistent with the vested development rights and conditions, the local rule, ordinance, regulation or policy shall be applicable. 8. Assignability of Agreement: This Agreement shall be fully assignable, in whole or in part, by any party and shall bind and inure to the benefit of the parties and their respective assigns and successors. If any lot of the Barclay property is sold, the rights and interests of Barclay Meadows under this Agreement shall inure to benefit of the purchaser. The transfer of any property subject to this Agreement shall relieve Barclay Meadows of all further obligations under this Agreement as those obligations pertain to or are proportionally allocable to the property transferred. 9. Land Use/Annexation: 9.1 Consistent with the above provisions, the parties agree to cooperate to secure the necessary permits and approvals for the annexation, subdivision of and ultimate light industrial development of the properties referenced herein. The following approvals are the anticipated future approvals necessary for the development described herein: 9.1.1 Plan amendment, goal exception and zone change as pending before Deschutes County in File Nos. PA-99-4/ZC-99-1 (Barclay Meadows) and PA-99-5/ZC-99-3 (School District); 9.1.2 Annexation to City of Sisters and zone change approval to City Light Industrial Zoning; 9.1.3 Subdivision approval pursuant to the terms, restrictions and requirements set forth in the City of Sisters Code; and DEVELOPMENT AGREEMENT - Page 8 of 14 9.1.4 Development permit approval pursuant to the terms, restrictions and requirements set forth in the City of Sisters Code. 10. Default: Remedy: 10.1 Default/Cure. The following shall constitute defaults on the part of a party: 10.1.1 A breach of a material provision of this Agreement, whether by action or inaction of a party which continues and is not remedied within sixty (60) days after the other party has given notice specifying the breach; provided that if the non -breaching party determines that such breach cannot with due diligence by cured within a period of sixty (60) days, the non -breaching party may allow the breaching party a longer period of time to cure the breach, and in such event the breach shall not constitute a default so long as the breaching party diligently proceeds to affect a cure and the cure is accomplished within the longer period of time granted by the non -breaching party; or 10.1.2 Any assignment by a party for the benefit of creditors, or adjudication as a bankrupt, or appointment of a receiver, trustee or creditor's committee over a party. 10.2 Remedies. Each party shall have all available remedies at law or in equity to recover damages and compel the performance of the other party pursuant to this Agreement. The rights and remedies afforded under this Agreement are not exclusive and shall be in addition to and cumulative with any and all rights otherwise available at law or in equity. The exercise by any party of any one or more of such remedies shall not preclude the exercise by it, at the same or different time, of any other such remedy for the same default or breach or of any of its remedies for any other default or breach by the other parties, including, without limitation, the right to compel specific performance. 11. Amendment or Termination of Agreement: 11.1 This Agreement may be amended or terminated by the mutual consent of the parties or their assigns or successors in interest. Any amendment which relates to the permitted uses, development limitations or monetary contributions shall require a public hearing before the parties may execute an amendment. Any other amendment shall not require a public hearing. 11.2 Any termination of this agreement shall not prejudice any rights or obligations accrued to the parties prior to termination. DEVELOPMENT AGREEMENT - Page 9 of 14 11.3 In the event of termination, City shall return all funds collected under this Agreement to the person who paid the funds and adjust any SDC credits accordingly. 12. Miscellaneous Provisions: 12.1 Notice. A notice or communication under this Agreement by any Party shall be dispatched by registered or certified mail, postage prepaid, return receipt requested, and 12.1.1 In the case of a notice or communication to Barclay Meadows, addressed as follows: ATTN: In the case of a notice or communication to the County, addressed as follows: ATTN: In the case of a notice or communication to City, addressed as follows: ATTN: or addressed in such a way in respect to a Party as that Party may, from time to time, designate in writing dispatched as provided in this section. 12.2 Enforcement. Both City and County shall have the power to enforce this Agreement until such time as the property described in Exhibit "A" is annexed to City and all applicable appeal deadlines associated with the annexation have expired. After annexation is complete and all applicable deadlines have expired, the subject property will be outside of county jurisdictional boundaries and City will be the sole regulatory body authorized to administer, monitor compliance and enforce this Agreement. DEVELOPMENT AGREEMENT - Page 10 of 14 12.3 Compliance Review. The City shall monitor compliance on a continual basis as Barclay Meadows submits subdivision and/or development applications. 12.4 Construction of Improvements. Construction of any approved structures may begin at anytime after the effective date of this Agreement and final approval of the structure. Such construction shall be completed within the time period specified in the construction approval document. 12.5 Headings. Any titles of the sections of this Agreement are inserted for convenience of reference only and shall be disregarded in construing or interpreting any of its provisions. 12.6 Counterparts. This Agreement may be executed in one or more original counterparts, each of which shall be deemed to be an original for all purposes but all of which shall constitute one and the same Agreement. 12.7 Waivers. No waiver made by any Party with respect to the performance, or manner or time thereof, of any obligation of the other parties or any condition inuring to its benefit under this Agreement shall be considered a waiver of any other rights of the Party making the waiver. No waiver by any party of any provision of this Agreement or any breach thereof shall be of any force or effect unless in writing; and no such waiver shall be construed to be a continuing waiver. 12.8 Attorneys' Fees. In the event of a suit, action, arbitration, or other proceeding of any nature whatsoever, including, without limitation, any proceeding under U.S. Bankruptcy Code, is instituted to interpret or enforce any provision of this Agreement, or with respect to any dispute relating to this Agreement, including, without limitation, any action in which a declaration of rights is sought or an action for rescission, the prevailing Party shall be entitled to recover from the losing Party its reasonable attorneys, paralegals, accountants, and other experts fees and all other fees, costs, and expenses actually incurred and reasonably necessary in connection therewith, as determined by the judge or arbitrator at trial or arbitration, as the case may be, or on any appeal or review, in addition to all other amounts provided by law. This provision shall cover costs and attorneys' fees related to or with respect to proceedings in Federal Bankruptcy Courts, including those related to issues unique to bankruptcy law. 12.9 Time of the Essence. Time is of the essence of this Agreement. 12.10 Choice of Law. This Agreement shall be interpreted under the laws of the State of Oregon. 12.11 Calculation of Time. All periods of time referred to herein shall include Saturdays, Sundays, and legal holidays in the State of Oregon, except that if the last day of any period falls on any Saturday, Sunday, or legal DEVELOPMENT AGREEMENT - Page 11 of 14 holiday in the State of Oregon, the period shall be extended to include the next days which is not a Saturday, Sunday, or such a holiday. 12.12 Construction. In construing this Agreement, singular pronouns shall be taken to mean and include the plural and the masculine pronoun shall be taken to mean and include the feminine and the neuter, as the context may require. 12.13 Severability. If any clause, sentence or any other portion of the terms and conditions of this Agreement becomes illegal, null or void for any reason, the remaining portions will remain in full force and effect to the fullest extent permitted by law. 12.14 Place of Enforcement. Any action or suit to enforce or construe any provision of this Agreement by any Party shall be brought in the Circuit Court of the State of Oregon for Deschutes County, or the United States District Court for the District of Oregon. 12.15 Good Faith and Reasonableness. The Parties intend that the obligations of good faith and fair dealing apply to this Agreement generally and that no negative inferences be drawn by the absence of an explicit obligation to be reasonable in any portion of this Agreement. The obligation to be reasonable shall only be negated if arbitrariness is clearly and explicitly permitted as to the specific item in question, such as in the case of a Party being given "sole discretion" or being allowed to make a decision in its "sole judgment." 12.16 Condition of City/County Obligations. All City/County obligations pursuant to this Agreement which require the expenditure of funds are contingent upon future appropriations by the City/County as part of the local budget process. Nothing in this Agreement implies an obligation on the City/County to appropriate any such monies. 12.17 Cooperation in the Event of Legal Challenge. In the event of any legal action instituted by a third party or other governmental entity or official challenging the validity of any provision of this Agreement, the parties agree to cooperate in defending such action. 12.18 Enforced Delay, Extension of Times of Performance. In addition to the specific provisions of this Agreement, performance by any party shall not be in default where delays or default is due to war, insurrection, strikes, walkouts, riots, floods, drought, earthquakes, fires, casualties, acts of God, governmental restrictions imposed or mandated by governmental entities other than the City of Sisters or Deschutes County, enactment of conflicting state or federal laws or regulations, new or supplementary environmental regulation, litigation or similar bases for excused performance which is not within reasonable control of the party to be excused. DEVELOPMENT AGREEMENT - Page 12 of 14 12.19 No Third -Party Beneficiaries. Barclay Meadows, City and County and their successors and assigns are the only parties to this Agreement and are the only parties entitled to enforce its terms. Nothing in this Agreement gives, is intended to give, or shall be construed to give or provide, any benefit or right, whether directly or indirectly or otherwise, to third persons unless such third persons are individually identified by name herein and expressly described as intended beneficiaries of the terms of this Agreement. 12.20 Other Necessary Acts. All parties shall execute and deliver to the other parties all such further instruments and documents as may be reasonably necessary to carry out this Agreement in order to provide and secure to the other parties the full and complete enjoyment of rights and privileges hereunder. 12.21 Entire Agreement. This Agreement and attached exhibits constitute the entire agreement between the parties on the subject matter hereof. This agreement shall be binding and shall inure to the benefit of the parties and their successors or assigns. There are no understandings, agreements, or representations, oral or written, not specified herein regarding this agreement. No waiver, consent, modification or change of terms of this agreement shall bind either party unless in writing and signed by both parties and all necessary approvals have been obtained. Such waiver, consent, modification or change, if made, shall be effective only in the specific instance and for the specific purpose given. The failure of City to enforce any provision of this agreement shall not constitute a waiver by City of that or any other provision. IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year hereinafter written. City of Sisters By Title: Date DEVELOPMENT AGREEMENT - Page 13 of 14 STATE OF OREGON ) ) ss. County of Deschutes ) The foregoing was acknowledged before me by as for the City of Sisters, this day of , 2001. Notary Public for Oregon Barclay Meadows, L.L.C. By Title Date STATE OF OREGON ) ss. County of Deschutes ) The foregoing was acknowledged before me by as for Barclay Meadows LLC, this day of , 2001. STATE OF OREGON County of Deschutes The foregoing was as &AA- l (A (vKL vk Notary Public for Oregon Deschutes County By Title ss. 2001. ~­kL SEAL HUNNIE BAKER NOTAR'?v PUBLIC -OREGON COMMISSION NO. 321026 fie. S esu tes5 C Date "" "- ° �Q l�.tS- _ . __ Bill31 e:to ed before me by _`61v-- t. 0)6 (4� Deschutes County, this 3/ qday of DEVELOPMENT AGREEMENT - Page 14 of 14 Notary Public for Oregon RopcRTr A Parcel of land situated in the Northwest Quarter (NW '/4) of Section 4, Township 15 South, Range 10, East of the Willamette Meridian, Deschutes County, Oregon being more particularly described as follows: Beginning at a 5/8" iron rod on the West line of said Section 4, which bears N00003'45"W, 75.00 feet from the West Quarter comer of said section; Thence N00°3'45"W, on said West line, 916.21 feet to a 5/8" iron rod at the Southwest comer of "Trapper Point, First Addition" a subdivision of record; Thence N89°55'57"E, on the South line of said "Trapper Point, First Addition", 1319.52 feet to a 5/8" iron rod; Thence S00°05'57"E, 988.49 feet to a 5/8" iron rod at the Center -West Sixteenth comer of said Section 4; Thence S89°49' 17"W, 1026.45 feet to a 5/8" iron rod; Thence N00007'58"W, 75.00 feet to a 5/8" iron rod; Thence S89°47'28"W, 293.62 feet to the point of Beginning. E X H t B iT ""/-I _.r"6 DE U,L.a{'ME1U i P6RQ�rn ov7- F -op, -UA(zc4Ay rn rAD owS 130SiniE5S 1FAOzk, LL C.