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"Project" means the City's Development District No. 1. <br />"Project Area" mear�s the real property located within the bounc€aries of the Project. <br />"Public Development Costs" means those costs to be paid or reimbursed to the Developer by the <br />City in con�aection with the development hereunder as set forth in Section 3.2. <br />"State" means �he State of Minnesota. <br />"Tax Increment" means that por�ion of the real property taxes which is paid with respect to the <br />Developtnent �roparty and improvements there�n and which is remitted to the City as taac incr�ment <br />pursuant ta the Tax �tccement Act; provzded that the term Tax Increment does not inciude any amounts <br />retained by or payable to the Sta.te auditor under Section 469.177, Subd. 11 of the Tax �ncrement Act, or <br />any amounts described in Section 469.174, Subd. 25, clauses (2) through {4} of the Tax Ir�crement Act. <br />"Tax Incrernent Act" or "TIF Act" means the Taac Increment Financing Act, Minnesota Statutes, <br />Sections 469.174 to 469.1799, as amended. <br />4. <br />"Tax Incremen# District" or "TIF District" zzaeans the City's Tax Increment Financing District No. <br />"Tax Increment Plan" or "TIF Plan" tneans the Tax Increment Financing Plan for Tax Inerement <br />Financing District No. 4, approved December 13, 2414. <br />"Tax Official" �eans any County assessor, County auditor, Caunty or �tate board of <br />equalization, the commissioner o� revenue of the State, or any State or federai court incl�ding the <br />tax court of the Siate. <br />"Transfer" has the m�aning provided in Sectian 8.1 hereof. <br />"Triangle ParceI" means the proper[y so described in Schedule A. <br />"Unavoidable Delays" means delays beyond the reasonable contral of the party seeking i� be <br />excused as a result thereof which are the diract result of strikes, other labor iroubles, prolonged adverse <br />weather or acts of God, fire or other casualty to the Minimum Improvements, litigation cozx�menced by <br />third parties which, by injunction or other similar judicial action, directly results in delays, or acts of any <br />federal, state or local governmentaI unit (other than tlne City in exercising its rights under this Agreement) <br />whicfi dieectly result in delays. Unavaidable Delays shall not include delays in the Developer's obtaining <br />of permits ar governmental approvals necessary to enable construction of the Minirnum Improvezx�ents by <br />the dates such construction is required under Section 43 of this Agreenaent. <br />"iltility Improvements" has the meaning provided in the definition of Minimum Improverr�ents. <br />3�saso�6 srB .�oo-io 4 <br />