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c. Relocation and/or replacement of two traffic signal poles (northwest corner and southeast corner). 3. The estimated cost of the Public Improvements as initially anticipated and based on preliminary analysis by the City and the Developer is approximately $400,000. E. In order for Rosedale Center to receive the benefits of the Public Improvements for Rosedale Center, ensure the timely and efficient construction of the Public Improvements, promote an increase in visitors to Rosedale Center, and minimize disruption to Rosedale Center, the DEVELOPER agreed to a special assessment to pay for the Public Improvements as provided herein. F. On November 16, 2015, the CITY approved the PUD Amendment and the Planned Unit Development Agreement #15-019 (the "PUD Agreement"), in which the DEVELOPER agreed to dedicate the property necessary for the Public Improvements, as depicted in Exhibit B. 2. Construction of the Public Improvements. The CITY shall install or cause to be installed and pay for the Public Improvements. The Public Improvements shall be installed in accordance with CITY standards, ordinances and plans and specifications which have been prepared by a competent registered professional engineer mutually agreed to by the CITY and The Developer and approved by Ramsey County and MNDOT. The CITY shall construct erosion control measures in accordance with City and Rice Creek Watershed District requirements including Ramsey County Soil and Water Conservation District Best Management Practices. The City shall clean up hazardous materials as necessary according to acceptable Minnesota Pollution Control Agency standards. 3. Developer's Review. The CITY shall provide all plans and contracts related to the Public Improvements to the DEVELOPER for review, pricing, and comment at least ten business days prior to being finalized by the CITY. The CITY shall incorporate the DEVELOPER's reasonable comments received no more than seven business days after the plans or contracts are provided to the DEVELOPER The CITY shall also provide the final pricing to the DEVELOPER for their review and approval prior to awarding the contract. Should the cost of the improvements eXceed the originally anticipated $400,000 estimate plus 10°/o, the City will use its best efforts to worlc with MNDOT and Ramsey County to secure funding to offset the difference or to value engineer the design to reduce the assessed amount to as close to the originally anticipated amount as possible. Pursuant to City Procedures, this item will be presented to the City Council at the time of advertisement for bid and at the time of contract award. The DEVELOPER reserves the right to appeal to the City Council at either of these points to seek funding assistance from the CITY if the cost of the public improvements exceed $400,000 plus 10%. The CITY will notify the DEVELOPER at least one week in advance of this item appearing Page 2 of 9