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forth have been completed (Lercinaftrr thr "Froperty"), as denoted on <br />hibit H, attached hrret.o and her,6y inm9c a part heroof. Said developm <br />s:' k,; <br />is in confozmity with City's cnr;nrlu n°.iv p7an for the de vnlopinent of <br />tne City of Mounds View. <br />With regard to the Property: <br />A. Developers shall :ctition the City for the proposed <br />zoning changes necestiary I.o re-zonc the Propnrty pursuant to <br />the attached Exhibit H or shall Submit to the City Por its ap- <br />proval a P.U.D, for the Property. <br />1) The City to re-zone the two parcels <br />containing approximately 5.2 acxes and 8.3 acres, and <br />outlined in 9reen on Exhibit }i, as commercial. <br />2) The City a9rees to re-zone the oarcel oE ap- <br />proximaYely 3.8 acres and outlineA in yellew on Exhibit N <br />as <br />3) The City acrrr. to approve a P.U.n, for the pro- <br />perty outlined in purplc nn Cxhil?it n wich rot less than _ <br />living units beinq co t.ained in seid P.v.D, <br />4) The City agrces to approve a P.If,D. for the oro- <br />perty outlined in pink on Exhibit 11 with not less than _ <br />living unitc being contained i.n said P.O.D. <br />5) The City agrees to work with the Developer in <br />such a manner that the P.U.D.s will be approved within six <br />5) month•. .-...1i.o.. ....,,..i.te.l anu i-r,: u,yrovals sha11 <br />not be unreasonably withheld. <br />8. Developers and City, during Developers' approval process <br />for the development of the Pzoperty, shall take into consideration <br />the relevant portions of City Resolution Number 1100, <br />C. The City, with the assistance of the Developers, shall <br />design the impzovrments for the development of [he Property, ir . <br />cluding roadways, sewer, ctorm sewer, and watcr (heceinafte! re- <br />ferred co as the "Improvements"). Promptly thcroafter, City shall <br />cause the Improvements to bc r.onstructed and the cost thereof assess- ' <br />ed to the benefited areas. Said assessments shall be payable over <br />a period of noT less than ten (30) ycars with principal amortization <br />occurring only in the years 4-10. The assessments shall be assumable <br />by subsequent purchasers of the nroperty. <br />D. City shall joint the Dr.velnper in requesu nq that an addi- <br />tional access be provided eo thc Property from Hiqhway 30. <br />q'