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FIRST AMENDMENT TO MASTER <br />DEVELOPMENT AGREEMENT <br /> <br /> This FIRST AMENDMENT TO MASTER..DEVELOPMENT AGREEMENT .("First <br />Amendment") is made and entered into this ' day 6f , 200'I,2005_____:. by and <br />between the CITY OF RAMSEY, MINNESOTA, a municipal corporation organized and <br />existing under the laws of the State of Minnesota (the "City") and RAMSEY TOWN CENTER <br />LLC, a Mim]esota limited liability company (ille "Developer"). <br /> <br /> RECITALS: <br /> <br /> WHEREAS, the City and the ;DevelOper are .parties to the City of .Ramsey Master <br />Development Agreement for Ramsey Town Center by and between City of RamSey and Ramsey. <br />Town Center LLC, dated as .of September 17, 2003 and recorded in the office of the Anoka <br />County Recorder and the office of the Anoka County Registrar of Titles on September 29, 2004 <br />as Document NOs. 1851364.0 and 446333.0,'respectively (the !'Master Agreement"); <br /> <br /> WHEREAS, the City and the Developer have negotiated certain mutually beneficial <br />amendments to the Master Agreement as more particularly set forth herein; and <br /> <br /> WHEREAS, the Interested Parties_~ a~ :defined in this First Amendment, are executing <br />this First A3nendment to Subject their interests in the Subject Property, as defined in the Master <br />Agreement, to the terms of this First Amendment to Master DeveloPment Agreement.. <br /> <br /> NOW, THEREFORE, in consideration of the premises and the mutual obligations of the <br />parties hereto, each of them does hereby covenant and a~'ee with the 6thers as follows: <br /> <br />Section 2. l(g) of the Master Agreement'is hereby deleted in its entirety and replaced with <br />the following: <br /> <br /> (g) Cit',/Hal~I and Parking Ramp Sites. "City Hall and Parking Ramp Sites" <br /> means the real property !exa?,' :des,~ribeddepicted oi1 the attached amended and <br /> restated Exhibit B. <br /> <br />2. Section 2. l(q) of the Master Agreement is hereby amended to read as follows: <br /> <br />(q) City's Ninety FOot Tract. "City's Ninety Foot Tract" means Outlots <br />A, B and C, RAMSEY TOWN CENTER ADDITION, Anoka County, <br />Mim~esota. <br /> <br />3. Section 2.1(ldo) of the Master Agreement is hereby amended to read as follows: <br /> <br />(kk) Parklar~d Improvements.. "Parkland Improvements'' has the <br />meaning set forth .in the Parkland and Trail Plan. <br /> <br />4. Section 2.1 (ll) is hereby amended t° read as follows: <br /> <br />I 7 I <br /> <br /> <br />