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08/16/00 WED 15:33 FAX 6123402644 DORSEY & WHIMY _- - 18 • Dr4- 1: 8/16/00 PLANNED UNIT DEVELOPMENT AGREEMENT This Agreement is dated as of 12000 by and between the CITY OF ST. ANTHONY, MINNESOTA, a public body corporate and politic (the "City'), and HWICREST DEVELOPMENT, a Minnesota limited partnership ("Redeveloper"). 1. Request for Planned Unit Development Approval. Redeveloper has asked the City to approve a Planned Unit Development Plan to redevelop certain property in the City of St.Anthony known and referred to as Apache Plaza and legally described as follows(the "Property"): Tots 6 and 7.Block 1, Silver Lake Center, and Lot 5,Block 1,Apache plaza, according to the recorded plats thereof, Ramsey County, Minnesota,together with easements for ingress and egress as contained in a Reciprocal Easement Agreement filed as Document No.2927183. 2. Planned Unit Development Plan Approval. The City hereby acknowledges and confirms that at a meeting of the City Council of the City on August 22, 2000 the City Council approved Redeveloper's Application for Preliminary Development Plan and Final Development Plan for the Property (together herein referred to as the"Plan') subject to Redeveloper's execution and delivery of this Agreement and Redeveloper's compliance with the terms and conditions of this Agreement. The City agrees to approve applications for building permits for the Property,provided that(i)the uses of the Property and plans for the improvements submitted by Redeveloper are consistent with the Plan as approved by the City Council, and(ii)all of the conditions of this Agreement that are required to have been satisfied at the time of the application for the permit have been satisfied. 3. Compliance with PUD Ordinance and Development Plan.. Redeveloper applied to the City for approval of the Plan under Section 1655 of the City Code pertaining to planned unit developments (the"PUD Ordinance"). Redeveloper hereby agrees that all improvements to the interior and exterior of the building on the Property (the"Building?), interior and exterior building equipment and systems, landscaping, drainage and ponding,traffic tiow,parking, loading docks, signage, lighting, and all other improvements to the Property ("Improvements"), and all • uses of the Property, shall comply with the PUD Ordinance and with all applicable provisions of the Plan, including but not limited to all applicable Exhibits attached to the Plan.