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4.2.1. Residential Rental Manager. Should Skyline and/or Integral exercise its option to rent the Lake Towers or Integral Project, respectively, prior to occupancy of the first rental unit, Skyline or Integral shall first obtain the written consent of the City, acting through its Executive Director of Planning and Building Agency or designee (the "Director"), to Skyline's and/or Integral's proposed residential rental manager. In exercising his or her reasonable discretion, the Director shall limit his or her review to the experience and capabilities of the proposed residential rental manager and shall approve any such proposed rental manager if the manager has demonstrated experience or capabilities with respect to the managing rental properties on the scale of the Lake Towers and/or Integral, respectively. 3.7 Section 4.3. Clause (f) appearing in Section 4.3 of the Development Agreement is hereby amended and restated to read in its entirety as follows: ``Buyer's of Residential Units (and with respect to the Lake Towers Element and/or the Integral Project, if applicable, buyer's or tenant's of Residential Units). 4. Full Force and Effect; Counterparts. Except as amended herein the Development Agreement shall remain in full force and effect in accordance with its terms. This Second Amendment may be executed in any number of counterparts, all of which shall constitute one and the same instrument. [Signature and Notary Pages Follow] 2nd amendment to development agreement4 lake tower and integral 11 B-7