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54 4. Timeframe for Develonment The Project will be completed by December 31, 2014, unless otherwise extended by the City Council. 5. Comnlianee with Laws and Reeulations The Developer represents to the City that the development and operation of the proposed Project complies with all City, County, Metropolitan, State, and Federal laws and regulations, including but not limited to: Subdivision Ordinances, Zoning Ordinances and Environmental Regulations. The Developer agrees to comply with such laws and regulations. Specific Use. 'rhe City, within Ordinance No. 2012-02, has amended its Code to allow for the specific use on the Property of an assisted living facility consisting of 72 assisted living units and up to four stories. Parking for the facility will consist of 18 underground stalls for residential and staff parking, 13 parking spaces on the northeast end of the facility on Kenzie Terrace, and 13 parking spaces on the southwest end of the facility. Landscaping on the lot will consist of a variety of perennial and shrub planting, as well as deciduous and coniferous tree planting to create a residential feel and natural barriers from adjacent buildings and homes. The lot will include a monument sign at the entrance to the new facility that is exactly eight feet tall with the double -sided sign total of 47.4 square feet. The City agrees to allow for this specific use on the Property, subject to the Developer's strict compliance with the approved plans, and the terms and conditions of this Development Agreement. Minor variations from the approved plans may be approved by the City, under the direction of the City Manager. Substantial departures from the approved plans will require an amendment to the Planned Unit Development, in accordance with section 152.206 of the City of St. Anthony Village Zoning Ordinance. Failure by the Developer to commence development activity, in accordance with the Final Development Plan, within one year following the final approval of this Planned Unit Development, will necessitate the approval of an extension of the development schedule by the City Council. Extension of Restrictive Covenants. A. The covenants and restrictions recorded against Lot 1, Block 1 ST. ANTHONY LANEL ADDITION in the document entitled Declaration of Restrictive Covenants and Land Use Restriction Agreement, dated July 1, 1992 and recorded August 6, 1992 as Doc. No. 5952082, amended by First Amendment to Declaration of Restrictive Covenants and Land Use Restriction Agreement dated May 1, 2002 and recorded June 4, 2002 as CR Doc. No. 7741403 ("the Declaration") shall be extended for an additional period of time by entering into a Certification of Amendment of Covenants in substantially the same form as attached hereto as Exhibit D