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1 Subdivision for the discount retail and retail space. The property contained within the PUD is currently legally described as follows: Lots 1 and 2, Block 1, Silver Lake Village, Lots 1, 2 and 3, Block 2 Silver Lake Village �OUTLOTS A and B, Silver Lake Village, OUTLOTS A and B, Silver Lake Center, Lot 1 Block 1, Silver Lake Center and Lot 5,Block 1 Sliver Lake Center_("Property"). 2. Planned Unit Development Approval. The CITY has granted approval of the Final Development Plan of the PUD subject to the approval of the final Plat and the DEVELOPER's compliance with the terms and conditions of this PUD Agreement. The City agrees to approve applications for building permits provided that all of the conditions of this PUD Agreement have been satisfied. Pursuant to the authority set forth in Minnesota Statutes § 462.358, subd 3c relating to planned unit developments, the City and Developer agree that until December 31, 2009, no amendment to a comprehensive plan or official control shall apply to or affect the use, development density, lot size, lot layout or dedication or platting required or permitted by the approved application, including but not limited to the development set forth in the documents referenced in paragraph.3 below. 3. Approval by the City The CITY hereby approves the planned unit development of the Commercial Element of the Project as shown on the site plan attached as Exhibit A ("Site Plan"), and agrees that the Site Plan is consistent with the plans approved by the City as items A and B below. DEVELOPER shall develop the Property in accordance with the general plans shown on the exhibits referred to below. If, however, the exhibits vary from the written terms of this Agreement, the exhibits shall control. The exhibits that apply to the entire Project include: A. PUD General Concept Plan and Preliminary Plat Submission for the entire PUD, dated August 8, 2003 B. Design Framework Manual, dated August 19, 2003 The following exhibits apply to what is generally referred to as the Commercial Element (as defined in the Master Agreement) and the Property subject to this PUD Agreement and the City hereby approves the final development plans and elevations referred to in items C and D below: C. Final Design Development Plan dated April 26, 2004, prepared by URS sheets l through 22, as filed with the City of St. Anthony. D. Final elevations for all buildings within the PUD shall be filed with the City.