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PLANNED UNIT DEVELOPMENT PERMIT <br />AMENDMENT NO. 3 <br />TRAVERSE BUSINESS CENTER <br />CITY OF ARDEN HILLS <br />PC# 06-040 <br />1.0 Parties. This Amendment No. 3 to the Planned Unit Development Permit is <br />th <br />dated the 13 Day of June, 2011, and is entered into by and between the City of <br />Arden Hills, a Minnesota statutory city (“City”); and CMK Arden Holdings, A Minnesota <br />Limited Partnership, a Minnesota limited partnership, its successors and assigns <br />(“CMK”). <br />2.0Recitals. <br />A.The City and CMK are parties to the certain Planned Unit Development <br />Permit dated October 29, 2007 (“Agreement”). <br />B.The Parties wish to Amend Section 3.0 Subd B.1 of the Planned Unit <br />Development Permit as hereinafter specified. <br />3.0Terms and Conditions of Permit. In consideration of the undertakings herein <br />expressed, the City and CMK agree as follows: <br />A.Section 3.0 Subd B.1 is hereby amended in its entirety to read as follows: <br />a.On or before July 30, 2014, Applicant shall apply for and obtain <br />all required Building Permits for Phase I or this PUD Permit, as it <br />relates to Phases I, II, and III shall expire unless the Arden Hills <br />City Council approves an extension. A request for an extension <br />must be submitted to the City Planner at least forty-five (45) <br />days prior to July 30, 2014, and shall detail the Applicant’s <br />reasons for the extension request. <br />b.On or before July 30, 2014, Applicants shall apply for and obtain <br />all required Building Permits for Phase II or this PUD Permit, as <br />it relates to Phases II and III, will expire unless the Arden Hills <br />City Council approves an extension. A request for an extension <br />must be submitted to the City Planner at least forty-five (45) <br />days prior to July 30, 2014, and shall detail the Applicant’s <br />reasons for the extension request. <br />c.Phase III has only received Master PUD approval. On or before <br />July 30, 2015, Applicants shall obtain Final PUD Plan approval <br />for Phase III unless the Arden Hills City Council approves an <br />extension. A request for an extension must be submitted to the <br />City Planner at least forty-five (45) days prior to July 30, 2015, <br />1 <br /> <br />