This DEVELOPMENT AGREEMENT (“Agreement”) is entered into this day ofDevelopment Agreement • June 15th, 2021 • Washington
Contract Type FiledJune 15th, 2021 Jurisdiction, 2021 (“Effective Date”), by and between the City of Redmond (“City”), a Washington municipal corporation, and Lennar Multifamily Communities, LLC (“Owner”), a Delaware limited liability company. The City and Owner are referred to collectively as the “Parties” and individually as a “Party.”