CCP 07-21-1997 - Laserfiche WebLink

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I I ARTICLE I .. Definitions Section 1.1. Definitions, In this Agreement, unless a different meaning clearly appears I from the context: "Act" means Minnesota Statutes Sections 469.124-469.134, and Sections 469.090- I 469.108, as amended. "Agreement" means this Agreement, as the same may be from time to time modified, I amended, or supplemented. "Assessment Agreement" means the agreement, in the form of the agreement contained in I Schedule C attached to and made a part of this Agreement, among the Redeveloper, the Authority, and the county assessor of the County, to be entered into pursuant to Section 6.5 of I this Agreement. "Authority" means the Arden Hills Economic Development Authority, or its successors I or assigns. "Authority Acquisition Property" means that portion of the Redevelopment Property .. described as such on the attached Schedule A. "Bonds" means the tax increment general obligation bonds to be issued by the City to pay I the costs of the Public Improvements. The term "Bonds" shall also include any bonds or obligations issued to refinance any Bonds, or any portion thereof. I "City" means the City of Arden Hills, Minnesota. "Condemnation Award" means the amount remaining from an award to the Redeveloper I for the acquisition of title to and possession of the Redevelopment Property or. Minimum Improvements, or any material part thereof, after deducting all expenses (including fees and I disbursements of counsel) incurred in the collection of such award. "Construction Plans" means the site plan, utility plan, grading and drainage plan, I landscape plan, elevations drawings and related documents on the construction work to be performed by the Redeveloper on the Redevelopment Property, together with the resolution of the Authority approving such plans. I "County" means the County of Ramsey. I "Event of Default" means an action by the Redeveloper listed in Article IX of this Agreement. .. 3 I