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2 217909v2 Ramsey County Document No. A____________ (“Amendment”). Terms of the Amendment required the Developer to implement safety improvements on Lake Valentine Road in two phases, to address traffic and increased pedestrian crossings between the school building and the north parking lot which includes, but is not limited to, the installation of turn lanes and other access improvements, trail and sidewalk improvements, pedestrian signal, signage and stripping modifications, as well and drainage and utility improvements, to be completed in 2021 (“Improvements”). [Collectively the Development Contract and Amendment shall be referred to as “Contract”.] C. The Developer is the fee owner of the property situated in the County of Ramsey, State of Minnesota, and legally described on Exhibit “A” attached hereto (“Subject Property”). D. Pursuant paragraph 33.E. of the Development Contract, any requested amendments shall be approved by the City subject to the requirements of the Arden Hills City Code and Ordinances. E. Pursuant to paragraph 28.A. of the Development Contract, the Developer has requested an amendment to the Contract for an extension of time to complete the Improvements. F. Pursuant to City Code, a PUD Amendment may be approved by a simple majority of the City Council after public hearing and recommendation of the Planning Commission. The Developer shall follow the procedures and requirements of the Contract. This PUD Amendment shall be executed by the City and Developer/Owner, and recorded against the Subject Property. G. The City Council reviewed and approved the proposed PUD Amendment on August 23, 2021. NOW, THEREFORE, THE PARTIES AGREE AS FOLLOWS: 1. The City approves the Developer’s request for a PUD Amendment to the Contract for an extension of time to September 2022 to complete the Improvements based on the findings of fact, submitted plans, and the August 23, 2021 Report to the City Council.