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SECOND AMENDMENT TO MARCH 22, 2010 <br />DEVELOPMENT MANAGEMENT CONTRACT <br />BETWEEN THE HOUSING AND REDEVELOPMENT AUTHORITY OF THE <br />CITY OF RAMSEY, A PUBLIC BODY CORPORATE AND POLITIC UNDER THE <br />LAWS OF THE STATE OF MINNESOTA (THE "HRA"), 7550 SUNWOOD DRIVE NW, <br />RAMSEY, MINNESOTA 55303, HEREINAFTER REFERRED TO AS THE "HRA," AND <br />LANDFORM PROFESSIONAL SERVICES, LLC, A MINNESOTA LIMITED LIABILITY <br />COMPANY, 105 SOUTH FIFTH AVENUE, SUITE 513, MINNEAPOLIS, MINNESOTA <br />55401, HEREINAFTER REFERRED TO AS THE "CONTRACTOR." <br />Existing Paragraph 7 titled "Hot List" of Section B, Article IV on Page 9, is deleted and <br />replaced with the following: <br />7. Hot List <br />(a) Definition. Active development deals will be declared, approved and <br />traced through a "Hot List" which will be incorporated into the active <br />Dashboard. <br />(b) Hot List Criteria. Active deals will be placed on a "Hot List" only at <br />such time when they meet all of the following criteria including the <br />requirement of sub paragraph (b) below: <br />(i) Significant discussions, within the 24 month period prior to <br />termination of this Agreement, which discussions include at a <br />minimum, two in person meetings with the potential developer or <br />end user and the Development Manager; and <br />(ii) The potential developer or end user has completed a site visit with <br />the Development Manager, within the 24 month period prior to the <br />termination of this Agreement; and <br />(iii) The Development Manager has discussed with the potential <br />developer or end user a preliminary deal structure, and provided <br />the HRA Executive Director with a copy of said deal structure all <br />within the 12 month period prior to the termination of this <br />Agreement ;and <br />(iv)The Development Manager has provided the HRA Executive <br />Director and the potential developer or end user with a preliminary <br />site plan, within the 12 month period prior to termination of this <br />Agreement. <br />(c) HRA Approval. In the event of termination of this Agreement, the <br />current list of potential developers or end users that meet the criteria <br />outlined above in paragraph (a) shall be presented to the HRA for its <br />consideration and approval for inclusion on the Hot List. The Hot List <br />