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•t <br /> DEVELOPER AGREEMENT FOR CONSTRUCTION OF PUBLIC IMPROVEMENT <br /> Judkins Point South interchange Glenwood Boulevard Improvements <br /> . (East Ridge Village PUD) <br /> BETWEEN: The City of Eugene, an Oregon municipal corporation ("City") <br /> AND: East Ridge Development, LLC, an Oregon limited <br /> liability corporation. ("Developer") <br /> CONTRACT NO. 2006-00210 <br /> <br /> . CITY PROJECT NUMBERS: 4234 and 4311 <br /> \ <br /> RECITALS <br /> 1. As a condition of approval for the planned unit development filed with .the City as PDF <br /> 02-2 ("PUD"), Developer's predecessor in interest, Blazer Construction, Inc. (`Blazer"), <br /> was required to construct certain .public improvements depicted in exhibit A ~to this <br /> agreement, ,and generally described in the Grant Agreement described below. This <br /> Agreement covers only some of the improvements described in Exhibit A. The <br /> improvements to~ be constructed ,pursuant to this Agr~kment are as follows: (the <br /> "Project"): . <br /> Revise the South end of Judkins Point Interchange connector; work <br /> includes improving .Glenwood Blvd to 36' paving width (including guard <br /> rails, signing andr striping) to match the existing Moon Mountain Dr. <br /> (project #4064). Remove an .existing portion of Glenwood Dr. and <br /> reconstruct at a new location (50' paving width, guard rails; signing and <br /> striping) to form the intersection with Moon Mountain and Glenwood <br /> Blvd. Construct wastewater and storm water infrastructure under the new <br /> infrastructure described above. Work within ODOT right-of--way is <br /> permitted under State Highway Approach permit #51412. <br /> 2. Pursuant to an earlier Agreement to Maintain Deposit of 'Funds (To Facilitate <br /> Development of Son Blaze Village PUD) (the "Deposit Agreement") among the <br /> City, Blazer and Centennial Bank (now Umpqua Bank), Umpqua Bank, as escrow <br /> agent, is holding a deposit of $250,000 (plus. accrued interest) (the "Security <br /> Deposit") as security for Blazer's obligations to the City, which, in addition to -the <br /> 'Project described in~Recital #1, include other improvements to the right of way, <br /> commonly known as Brackenfern Drive. <br /> 3. At this time, partial funding for the Project is available from City pursuant solely to <br /> City's receipt of a Lane County Community .Development Road Improvement Program . <br /> grant for up to $220,000 (the "Grant) as set forth in the Community Development <br /> Agreement for Judkins Point Interchange (Glenwood) Improvements Project #0870-5 <br /> between the City and Lane County, as amended by Amendment No. 1 (the ."Grant <br /> Developer Agreement -East Ridge Village PUD -Interchange Improvements -Page 1 <br /> <br />