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FIRST AMENDMENT TO DEVELOPMENT AGREEMENT This First Amendment to Devel�pment Agzeem�nt, dated as of 1986, by and between the City o� Roseville, Minneso�a, armunicipal co�poration organized and existing under the laws of the State af Minnesota, called her�in the "City" and Rosepointe ��using I Limit�d Partn�r a Minnesota limited partn�rship �er�in calle� the "Deve�o erip, P . WITNESSETH �HEREAS, the City and the peveloPer have ent�red into a D�velopment Agreement dated D�cember 16, 1985 (thQ "D�v�lo m�n Agreem��t"); and p t WHEREAS, THE City and �he ��velop�r desire to amend Section 3.5 of the D�velopment Aggeement; NOW� THERErORE, the parties h�reby amend the Devc�lopme�t Agreement and here�o a5free as t�llow�; �Tz cL� � Section 3.5 Af the Devel.opm�nt Aqreement is hereby ��endc�� bY deleting Sectxon 3. � anc� substitutinc� tt�erefar th� Eallow' • ing. S�ction 3.5. Provision of O�Ef-Site Im r�vements. A� consideration For the exec��ion o� this Agreem�nt and construct�.on of the hlinimum Improvem�nts t�y th� d@veloper, the Developer agx�es to prepar� pl�n�, �t��r eonsultation with the City, �nd undertak� the con;�+�ruction o� �n� ond and overflow drainage public improv��rnents loc€�ted arithin the Dev�lopment District but oFf th� Dev�lopment �ropert (the "Off -Site Improvements"). The City shall inspecr th� completeci work ��s thE construction of th� OEt--Si+�� mpr�u�m@nts progresses. The City shall reimburse fihe Developer f Qr t�c enqine�ring and constructi.on costs oi' tr,e QF�_Sit,,� Im�reve��nts in an amour�fi not to exceed �50,000 uPon, the 4fF-Sit` Tmprov�m�nts and (ii) rec�i�tlbycth�l�itYnp�f paid b�lls indicating the actual out-o£-pocket expen�� incuxred by thc Developer. In the even� t}�at thcre is any of the $50,000 remaining after th� reim}�urs@ment o� such cns�s of the OfF-Site Improvements, the City will consider usin such bal�nce towards adclitional improvem�nts rela�ed to thEgMinimu Improvements. The City shall lzave no oblig�tiQn to inc4�� m expenses and exp�nd morc than $50, or such other improvements as the Ci�y�d�Qn 5@a�f �-Site lmprovemer�ts Ppropriate.