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52 <br />PLANNED UNIT DEVELOPMENT AGREEMENT <br />THIS PLANNED UNIT DEVELOPMENT AGREEMENT (this "Development <br />Agreement"), dated 2012, by and between Saint Anthony Village, <br />Minnesota, a Minnesota statutory city (the "City"), and Autumn Woods, LLC, a <br />Minnesota limited liability company (the "Develop"). <br />RECITALS <br />WHEREAS, the Developer has asked the City to approve construction of <br />Autumn Woods II, a senior assisted living facility consisting of 72 assisted living units <br />and up to four stories in height (the "Project'); <br />WHEREAS, the Project will be located on the property legally described in the <br />attached Exhibit A (the "Property"); <br />WHEREAS, the Property was purchased by the City in 2000 and was included in <br />the 2003 Planned Unit Development ("PUD") designation for the Autumn Woods <br />apartment complex located adjacent to the Property and also owned by the Developer; <br />and <br />WHEREAS, the Developer possesses all right, title, and interest in and to the <br />Property, having purchased the Property from the City in 2004. <br />NOW, THEREFORE, in consideration of the premises and the mutual <br />obligations of the parties hereto, each of them does hereby covenant and agree with the <br />other as follows: <br />Request for Planned Unit Development Approval. <br />The Developer has asked the City to approve the Pinal Development Plan of the <br />Project, consistent with the Site Plan, Renderings and Elevations, dated October 13, 2011 <br />