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5.0 Rezoning The CITY conducted hearings and meetings on April 14, 1998 (Planning Commission - hearing on concept development plan), April 26, 1999 (City Council - action on concept), May 24, 1999 (City Council- meeting and action on fmal development plan and action on PUD agreement) to consider various aspects of the Planned Unit Development, including rezoning of the subject property from B-3. General Business District to Business-Planned Unit Development (B-PUD). The CITY agrees to rezone the subject property to Business-Planned Unit Development (B-PUD), subject to the DEVELOPER's strict compliance with the approved plans, and the terms and conditions of this agreement. Minor variations from the approved final development plans, which are consistent with this agreement and the underlying Limited Business District (B-1), may be approved by the CITY's Development Review Committee, under the direction of the Community Development Director. Substantial departures from the approved final development plans will require an amendment to the Planned Unit Development in accordance with Section 1015 of the Roseville Zoning Ordinance. Where not superseded by more restrictive requirements of this PUD, the standards of the underlying Limited Business District (B-1) shall apply, as stated in Chapter 1005 of the Roseville City Code. 6.0 Development of Property Failure by the DEVELOPER to commence development activity, in accordance with the final development plans, within one year following the final approval of this Planned Unit Development, will necessitate the approval of an extension of the development schedule by the City Council prior to the expiration of the one year period. If an extension is not applied for, the Council may instruct the Planning Commission to initiate rezoning to the original B-3 zoning district. For purposes of this provision, development activity shall be defined as obtaining a building permit and beginning construction on the site. Development of the property and installation of improvements shall be in accordance with the development schedule provided by the DEVELOPER and approved by the CITY (Exhibit F). 7.0 Compliance with Laws and Regulations The DEVELOPER represents to the CITY that any site improvements pursuant to the proposed Development will comply with all City, County. Regional, Metropolitan, State, and Federal laws and regulations, including but not limited to the Roseville Subdivision Regulations, the Roseville Zoning Regulations, and all other applicable environmental regulations. The DEVELOPER agrees to comply with all such laws and regulations. 3