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1.6 Lyon /Integral seeks approval of an amendment to the Residential Condominium Units ( "Lyon /Integral Project ") Element of the Project. For purposes of this Fourth Amendment, the "Lyon /Integral Project" shall be amended to consist of three - hundred (300) for -sale residential condominium units along with a 2,100 square foot commercial space. 1.7 In connection with the foregoing, Lyon /Integral and the City now desire to amend the Development Agreement to provide Lyon /Integral with approval of the "Lyon /Integral Project" subject to the terms and conditions of the Development Agreement, as amended. 2. Lyon/Integral Project. Lyon /Integral and the City hereby acknowledge and agree that Lyon /Integral has the right under this Fourth Amendment to construct and operate the "Lyon /Integral Project ", as hereinafter defined. 3. Modification of Certain Provisions. The Development Agreement is hereby amended and supplemented in the following particulars: 3.1 Section 2.21. This section is hereby supplemented by adding the following after the third sentence appearing therein, as added by the Third Amendment to Development Agreement: "The new entitlements for the Lyon /Integral Project shall include Conditional Use Permit No. 2011 -05, Variance No. 2011 -04, and Site Plan Review No. 2011 -01, as approved by the City. 3.2 Section 2.24. The term "Integral" shall be replaced with the term "Lyon /Integral." follows: 3.3 Section 2.43(3). The entire section shall be amended to read as "(3) A five (5) or six (6) story building containing three - hundred (300) for - sale residential condominium units or for -rent residential units along with a 2,100 square foot commercial space (the "Lyon /Integral Project "); and" 3.4 Section 2.43. In the final sentence of this section, as added by the Third Amendment to Development Agreement, the term "Integral Project" shall be replaced with the term "Lyon /Integral Project." 3.5 Section 2.50. As added to this section by the Second Amendment to Development Agreement, the term "Integral Project" shall be replaced with the term "Lyon /Integral Project." 3.6 Section 4.1. As added to this section by the Second Amendment to Development Agreement, the term "Integral Project" shall be replaced with the term "Lyon /integral Project." 3.7 Section 4.2. The term "Integral Project" shall be replaced with the term "Lyon /Integral Project." In addition, "Lyon" shall also be included in any reference to "Integral." 5/3/20114:31 PM 50a—exhibit-4th amendment to development agreement 003.doc3 3