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Development Agreement between Skoda, Minotti Properties, LLC & Company and Mayfield Vllage <br />2. COMMENCEMENT OF DEVELOPMENT <br />Promptly following the execution of this Agreement, Skoda, Minotti shall prepare <br />and submit to the Village plans for the expansion of the Development. The <br />Village agrees to approve these plans as promptly as possible, subject to all <br />applicable zoning and regulatory requirements. <br />3. RECIPROCAL AGREEMENTS FOR THE USE OF PARKING FACILITIES: <br />The Village and Skoda, Minotti agree that they will exercise reasonable efforts to <br />enter a mutually acceptable reciprocal license arrangement between the Village <br />and Skoda, Minotti regarding the use and maintenance of certain designated <br />portions of the Skoda, Minotti parking lot and landscaped areas located at and <br />around certain limited portions of the Property, and/or Wiley Park and that as <br />such, the designated areas on such properties will be regarded as serving a <br />public purpose. The Village agrees to negotiate a cost sharing arrangement to <br />use and maintain certain limited portions of the Skoda, Minotti parking facilities. <br />When conditions permit, Skoda, Minotti agrees to allow the Village, its residents <br />and patrons to use designated portions of the parking facilities in and around the <br />property at 6685 Beta Drive, provided that the use of such parking does not <br />interfere with or adversely impact the tenants occupying the building or the <br />businesses being carried on therein. Skoda, Minotti retains full and prevailing <br />rights to use its parking facilities located at 6685 Beta Drive. <br />4. ECONOMIC DEVELOPMENT AND FINANCIAL INCENTIVES: <br />The Village recognizes that the expansion of the operation of Skoda, Minotti will <br />have a positive effect on the economic well-being of the Village. The Village will <br />undertake every effort to secure financial incentives from the State of Ohio <br />including but not limited to Ohio Department of Development Funds, Community <br />Development Block Grants or the Job Creation Tax Credit in order to facilitate the <br />expansion of Skoda, Minotti within the Village. <br />Page 2 of 4 <br />