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AMENDMENT TO DEVELOPMENT CONTRACT <br />FORMER KNOX BUILDING <br />THIS AMENDMENT TO DEVELOPMENT CONTRACT, MADE THIS _ day <br />of , 2009, by and between the City of Little Canada, a municipal corporation of the State <br />of Minnesota (hereinafter referred to as the "City") and Graba Properties, LLC (hereinafter <br />referred to as the "Developer"). <br />WITNESSETH: <br />WHEREAS, Developer and City entered into a Development Contract for Lot 1, Block <br />1, Drywall Supply Addition on Apri122, 2008, <br />WHEREAS, Developer has completed the majority of the obligations set forth in the <br />original Development Contract, <br />NOW THEREFORE, the City and Developer agree to amend the Development Contract <br />as follows: <br />1. Given the Developer's performance, the $25,000 financial guarantee required by <br />Provision #9 of the original Development Contract is hereby released by the City upon execution <br />of this amendment. <br />2. The pylon sign discussed in Provision #13 of the original Development Contract <br />may remain on the site at the same height and sign face area as currently exists on the site, <br />subject to the Developer obtaining zoning approval for the Master Signage Plan as delineated in <br />