Trust FundDEVELOPER AGREEMENT
PKG Real Property LLC
This Agreement is made between PKG Real Property and the City of Yelm for improvements described in the Exhibit A attached hereto and made a part hereof. The undersigned agrees to complete
the required improvements no later than May 31, 2005.
It is understood and agreed that the City will take action for violation of Chapter 17, Yelm Municipal Code if the required improvements described are not complete prior to May 31, 2005.
The developer agrees that the building shall be abandoned and unoccupied after May 31, 2005, if the required improvements are not installed, inspected, and approved by that date.
It is further agreed that the city may discontinue water service if the terms of this agreement are not met.
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DATED this 28th day of January, 2005
Agent, PKG Real Property LLC
EXHIBIT A
PKG Real Property, LLC
Required Improvement Cost Estimate
Completion of required landscaping pursuant the City of Yelm Approval for Land Use Permit No. SPR-04-0174-YL., as noted on the approved landscape plan dated January 28, 2005