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<br />e <br /> <br />. <br /> <br />e <br /> <br />r~AR- t 9~ 20[Q 13: 35 <br /> <br />COMMUNITY DEl) <br /> <br />6129242663 <br /> <br />P.05 <br /> <br />I. The parties agree and understand that the master site plan attached as <br />Exhibit B to this document is substituted as the master site plan referenced in Section 2(a) <br />of the Agreement. <br /> <br />2. Section 3 of the Agreement is modified to read as follows: <br /> <br />Section 3. Developer Agreements and Undertakings. <br /> <br />(a) The Developer acknowledges and accepts the master site plan as described in Section <br />2(a) hereof, subject to the terms of Section (b)(l) hereof. The Developer expressly <br />agrees and understands that Developer will be responsible for development of the <br />owner-occupied housing component of [he master site plan, but expects to select a <br />third party, approved by the Authority, to carry out that component. The Authority <br />and Developer agree to negotiate, as part of the Contract, the terms for selection of <br />the owner-occupied housing developer and the terms of sale of the relevant portion of <br />Park Commons East property to that developer. <br /> <br />(b) The Developer will use its best efforts to complete the following tasks by the <br />following dates: <br /> <br />I) by August 15, 2000, submit a preliminary feasibility analysis of the development <br />including, at a minimum analysis of: <br /> <br />)0 functionality <br />)0 preliminary cost estimates <br />)0 preliminary fmancing approach and gap analysis (showing the amount and form of <br />public subsidy) <br />)0 preliminary phasing plan and related components <br />)0 retaillofficefhousmg mix <br />)0 suggested modifications of the master site plan, as necessary to make the plan feasible <br />and identification of other issues. <br /> <br />2) by September 1, 2000, request City to initiate any necessary comprehensive plan <br />changes and rezonings, conditioned on the parties' mutual agreement to proceed. <br /> <br />3) by October 2, 2000, submit to the Authority a final feasibility analysis that refines the <br />analysis submitted under clause (1); and the parties commence negotiation of the <br />Contract. <br /> <br />4) by December 1, 2000, submit to the Authority a detailed schematic design for Park <br />Commons East, including site plan, buildings, and preliminary phasing plan. <br /> <br />5) by December 18, 2000, the parties must have approved the following: <br /> <br />)> status of retail leasing and the office component, indicating feasibility of the <br />development. <br />