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200502510 As an inducement to and in consideration for Developer's sale of the Property to Owner, Owner agrees that it will construct initially a retail building on the Property in compliance with this Agreement. B. Buildings and Site Improvements. The Property shall be developed under the following standards: (1) The design and construction of any building or any remodeling, reconstruction or permitted expansion thereof shall be of high quality. Any building constructed within the Property shall have a decorative concrete block, stone or EIFS exterior or other similar material reasonably acceptable to Developer. (2) No more than one building shall be constructed on the Property, such building shall not exceed sixteen feet (16') in height as measured from ground floor elevation; any architectural element may extend above the general roofline by up to five feet (5') with a total aggregate width of such element along any single roofline of no more than twenty percent (20 %) of the length of the roofline on any front, side or back elevation. No detached facilities, buildings or structures (except approved signage and an approved dumpster enclosure) of any kind shall be constructed on the Property. (3) Any building constructed on the Property shall not exceed sixteen thousand (16,000) square feet in gross floor area including any drive -thru areas and canopies. (4) Any rooftop equipment or building components shall be screened from public view from all directions. (5) No rooftop sign shall be erected on any building constructed within the Property. (6) Subject to governmental approval and municipal regulations, only one freestanding identification sign may be erected on the Property in a design and location approved by Developer not to be unreasonably withheld and may advertise only the name and logo of the business conducted thereon; such identification sign shall not exceed twenty feet (20') in height. Notwithstanding the foregoing, there may be erected by Owner entrance -exit and directional signs to facilitate the free flow of traffic, which signage shall be of a monument type, not to exceed three feet three inches (3'3 ") in height. 3