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Aug-04-98 06:15pm From-KENNEDY & GRAVEN +3379310 T-972 P.03/07 F-176 <br /> FIRST AMENDEMENT TO DEVELOPERS AGREEMENT <br /> THIS FIRST AMENDMENT,made and entered into as of the day of <br /> August, 1998,by and between the CITY OF MOUNDS VIEW, a Minnesota municipal <br /> corporation (the "City"), and MSP REAL ESTATE,INC., a Minnesota corporation and <br /> MOUNDS VIEW FAMILY HOUSING LLC, a Minnesota limited liability company <br /> (collectively the "Developer"). <br /> WITNESSETH: <br /> WHEREAS, the parties did execute and enter into that certain document entitled <br /> "Developers Agreement" dated as of February 11, 1998 (the "Agreement") which <br /> provides for an agreement concerning the development of certain real estate located in <br /> Ramsey County, Minnesota,legally described as: <br /> Lot 79 and 80 Spring Lake Park Hillview, Section 6,Township 30, Range <br /> 23,Ramsey County,Minnesota. <br /> WHEREAS,the parties constituting the Developer,MS?Real Estate, Inc, <br /> a Minnesota corporation, and Mounds View Family Housing, LLC,a Minnesota <br /> limited liability company, desire to substitute a new party into the Agreement as <br /> the Developer, such new party being Mounds View Family Housing Limited <br /> Partnership, a.Minnesota limited partnership. <br /> WHEREAS, Mounds View Family Housing Limited Partnership is <br /> comprised of MSP Housing—Minnesota,LLC, a Minnesota limited liability <br /> company, and Milo S. Pinkerton, an individual, as the General Partners of <br /> Mounds View Family Housing Limited Partnership_ <br /> SJR-147910 l <br /> MU210-27 <br />