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3 <br />TW185\1\1011577.v13 <br />WHEREAS, Developer seeks approval of its compliance, with certain conditions, with the <br />JDA Sustainability guidelines; and <br />WHEREAS, the JDA requires that the Developer perform work and install certain <br />infrastructure improvements within the Thumb Parcel and the Subject Property , as more <br />particularly provided herein, and as reflected in the Plans (as defined below) (the “Infrastructure <br />Improvements”, and together with the Subject Property, the “Project Site”). <br />NOW, therefore, for good and valuable consideration, the receipt and sufficiency of which <br />are acknowledged, the Parties agree as follows: <br />1. REQUEST FOR APPROVAL. The Developer applied to the JDA for approval <br />of a preliminary plat, final plat, site plan, and permitted adjustments to allow a reduction of <br />required parking spaces by 10% and waiver of the Project Circulation Plan, as defined by the <br />TCAAP Redevelopment Code for the Subject Property for Developer to construct the Project <br />(collectively, the “Project Approvals”). The Subject Property is in the City of Arden Hills, County <br />of Ramsey, State of Minnesota, and is legally described as set forth on Exhibit A. The Developer <br />proposes to construct the Project on the Subject Property and the Project Site. The required <br />Infrastructure Improvements include stormwater system improvements (the “Stormwater System <br />Improvements”), and water system improvements as depicted on Exhibit B (the “Water System <br />Improvements”). The Subject Property is zoned TRC CC-Campus Commercial Zoning District <br />and is guided as Campus Commercial in the 2040 Arden Hills Comprehensive Plan. <br />2. CONDITIONS OF APPROVAL. The JDA has approved the Project Approvals <br />for the Project pursuant to Resolution No. 2025-001, which was adopted on March 17, 2025, which <br />approval included the following conditions: