5D1 3rd Amendment to Development Agreement (Wharf Partners LLC) - Fully Executed

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EXHIBIT B Project Plan The Developer will complete the following work in accordance with the terms and conditions of this Agreement and in compliance with all applicable laws and regulations: Phase I Construct a single building consisting, at a minimum, of the following: • Seven (7) stories with thirteen (13) housing units; • Commercial and multi-family space of no less than a combined seven thousand seven hundred (7,700) square feet; and • A private underground parking garage. Phase II Construct a single building consisting, at a minimum, of the following: • Seven (7) stories with twenty (20) housing units; and • Commercial space of no less than a combined ten thousand (10,000) square feet; • One of the following: (A) one (1) additional story with either four (4) additional housing units; or (B) one (1) additional story of commercial space; or (C) multi-family space totaling no less than ten thousand (10,000) square feet; and • A private underground parking garage. • Developer will require occupying portions of City’s right-of-way within the City’s planned work including the sidewalk and landscaping area behind the curb. The City will not be able to complete that work in this area as normally scheduled to ensure safety and site control during Cascade Phase II construction. The City will be able to install the curb, inlets and sewer laterals on the south side of Colfax, adjacent to the Cascades development, during the construction of the Colfax Ave Streetscape project. • Developer is responsible for completing the Colfax Ave Streetscape work adjacent to the project site from behind the curb to the property line. The contractor is required to attain a maintenance bond for this work. Developer is required to complete the work to City standards and to the specifications and plans outlined in the City’s project.