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"Note" means a Tax Increment Revenue Note, substantially in the form eontained in the Authorizing Resolution, "Phase" means a portion of the Mini�num Improvements as described in the definition thereof "Project" means the City's Development Distriet No. I. "Pro�ect Area" means the real property located within �he boundaries of the Project. "Public Development Costs" �neans those costs to be paid or reimbursed to the Developer by the City in connection with the development hereunder as set forth in Section 3.2. "State" means the State of Minnesota. "Tax Incretnent" means that portian of the real property taxes which is paid with respect to the Develapment Property and improvements thereon and which is remitted to the Ci#y as tax increment pursuant to the Tax Inerement Act; provided that tF�e term Tax Inerement does not include any amounts retained by or payable to t.�e SiatE a�ditor under Section 469.I 77, Subd. l 1 of the Tax tncrement Act, or any ainounts described i� Section 4b9.174, Subd. 25, c)auses (2) through (4) of the Tax Inerement Act. "Tax Increment Act" or "TIF Act" means the Tax Inerement Financing Act, Minnesota Statutes, Sections 469. ] 74 to 469.1799, as ame�ded. "Tax Increment District" or "TIF District" means the City's Tax Increment Finane�ng Distr�ct No. 4. "Tax increment Plan" or "T1F Plan" means the Tax Increment Financing P�an for Tax Increment Financing District No. 4, approved Dece�nber ] 3, za� a. "Tax Official" means any County assessor, County auc�itor; County or State board of equalization, tI�e comrnissianer of revenue of t�e State, ar any State or federa� co�rt including the tax court of the State. "Transfer" has the meaning pro�ided in Section $.l hereof. "Triangle Parcel" means the praperty so described in ScheduIe A. "Unavoidable Delays" means delays beyond the reasonable contral of the pariy seeking to be excused as a res�lt thereof which az'e the c�irect result of strikes, other Iabor troubles, prqlonged adverse weather or acts of God, fire or other easuaity to the Minirt-►um Irnprovements, litigation commenced by third parties which, by injunction ar oiher similar judicial action, d�rectIy results in delays, or acts of any federal, state or 3oca1 governmenta] unit (other than the City in exercising its rights under this Agreement} which directIy result in delays. Unavoidable Delays shall not include delays in the Developer's obtaining of permits or governrnental appro�als necessary to enable construction of the Minimum lmprovements by the dates sucl� construction is required under SectioE� 4.3 of this Agreement. "Utility �mpravements" has the meaning provided in the definition of Minimurn l�nprovements. �