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2 <br />219994v2 <br />Developer to implement safety improvements on Lake Valentine Road in two phases, to address traffic <br />and increased pedestrian crossings between the school building and the north parking lot which includes, <br />but is not limited to, the installation of turn lanes and other access improvements, trail and sidewalk <br />improvements, pedestrian signal, signage and stripping modifications, as well and drainage and utility <br />improvements, to be completed in 2021 ("Improvements"). <br /> C. The City and Developer have executed a Second Amendment to Development Contract <br />and Planned Unit Development Agreement dated October 11, 2021 and recorded October 20, 2021 as <br />Ramsey County Document No. A04914459 (“2nd Amendment”). Terms of the 2nd Amendment granted <br />the Developer an extension of time to complete the Improvements. <br />[Collectively the Development Contract, 1st Amendment, and 2nd Amendment shall be referred to as <br />“Contract”.] <br /> D. The Developer is the fee owner of the property situated in the County of Ramsey, State of <br />Minnesota, and legally described on Exhibit “A” attached hereto (“Subject Property”). <br /> E. Pursuant paragraph 33.E. of the Development Contract, any requested amendments shall <br />be approved by the City subject to the requirements of the Arden Hills City Code and Ordinances. <br /> F. Pursuant to paragraph 28.A. of the Development Contract, the Developer has made <br />application to the City (Planning Case 21-028) for an amendment to the Contract to finalize the north <br />parking lot design and related road and safety improvements. <br /> G. Pursuant to City Code, a PUD Amendment may be approved by the City Council after <br />public hearing and recommendation of the Planning Commission. The Developer shall follow the <br />procedures and requirements of the Contract. This PUD Amendment shall be executed by the City and <br />Developer/Owner, and recorded against the Subject Property.