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8A, Presbyterian Homes TIF
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12-20-10 Special City Counicl Meeting
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ARTICLE i <br />Def nitions <br />context: <br />Section 1.1. Definitions. ln this Agreerf-fent, unless a different meaning clearly appears from the <br />"Act" means Minnesota StatutEs, Sections 469.124 to 469.134, as amended. <br />"Affliate" means with respect to Developer (a) any corporation, partnership, or other business <br />esttity or person contralling, controlled by or under common control with the Developer, a�d {b} any <br />successor to such party by rrterger, acquisitian, reorganization or similar iransaction involving all or <br />substantially all of the assets of such party (ar such Affiliate). For tl�e purpose hereof the words <br />"confirotling", "contro�led by" and "under comrnon control with" sJzall rnean, with respect to any <br />corporation, partnership, or other business entity, the ownership of ffty percent or more of t�e voting <br />interests in such entity passession, directIy or indirectly, of the power to direct ar cause the directian of <br />management policies of such entity, whether ownership of voting securities or by contract or otherwise_ <br />"Agree�nent" means this Agreement, as the same may be from tirr�e to time modified, amended, <br />or supplemented. <br />"Autharizing Resolution" means the resolution of the City, substantially in the forrr� of the <br />attached ScheduIe C adapted by the City Council to authorize the issua�ce of the Nate. <br />"Availabte Tax Increment" has tne meaning provided in the Note. <br />`B�siness Subsidy Act" means Minnesota Statutes, Section 1] 6J.993 to l 16J.995, as amended. <br />"City" means #he City of Arden Hills, Minnesota. <br />"City Representative" rneans the City Administrator of the City of Arden Hi31s. <br />"Certi�cate of Completion" means the certification provided to the Developer, ar the purchaser of <br />any part, parceI or Unit of the Development Property, pursuant to Section 4.4 a�this Agreement. <br />"Closing" has the meaning pravided in Section 3.5(e}. <br />"Construction Plans" r�eans the plans, specifications, drawings and related documents on the <br />construction work to be performed by the De�eloper on the De�elopment Property, including the <br />Minimu�n Improvernents, which (a) shalI be as detailed as the plans, specifcations, drawings and reTated <br />docu3�ents which are submitted to the apprapriate building officiais of the City, and {b} shall include at <br />least the following: (1) foundation plan; (2} basement pians; (3} �toor plan for each floor; (4) cross <br />sections of each (lengt�t and width}; (5} elevations {all s�des}; (6) iandscape plan; anc� (7} such otl�er plans <br />or supplements to the foregoing plans as the City rr�ay reasonably reqUest to allow it to ascertain the <br />nature and qua�i�y of the proposed co�struction work. �n the case of Utiiity Improve�nents, the <br />Construction PIans must conform to the requirements specified in the definition of those terms herein. <br />"County' means the Co�nty of Ramsey, Minnesota. <br />2 <br />
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