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()- <br />TAX INCREMENT FINANCING REDEVELOPMENT DISTRICT NO. 18 <br />– <br />ARTICLE I INTRODUCTION AND DEFINITIONS <br />SECTION 1.01 INTRODUCTION <br />redevelopment of an approximately 2.9 acre site to provide for construction of an approximately <br />104-unit market rate apartment building with underground parking. <br />Program for Development District No. 1 through the establishment and use of Tax Increment <br />Development District No. 1 as of the date of approval of Tax Increment Financing District No. <br />1-8. <br />SECTION 1.02 DEFINITIONS <br />For the purposes of this document, the terms below have the meanings given in this section, <br />1. “City” means the City of Centerville, Minnesota. <br />2. “City Council” means the City Council of the City. <br />3. “County” means Anoka County, Minnesota. <br />4. “Developer” means the party undertaking construction of the Development in the TIF <br />District, which is anticipated to be Ten Nineteen Development LLC, its successors or assigns. <br />5. “Development” means the construction of an approximately 104-unit market rate apartment <br />building with underground parking. <br />6. “Development District” means Development District No. 1 in the City, created, established <br />7. “Development District Act” means Minnesota Statutes, Sections 469.124 through 469.13, as <br />amended and supplemented from time to time. <br />8. “Development Program” means the Development Program for the Development District, as <br />amended and supplemented from time to time. <br />9. “DOR” means the Minnesota Department of Revenue. <br />10. <br />11. “Public Development Costs” means the cost of the development activities that will or are <br />expected to occur within the Redevelopment Project or the TIF District. <br />12. “Project Area” means the geographic area of the Development District. <br />13. “School District” means Centerville School District (Independent School District No. 12). <br />14. “State” means the State of Minnesota. <br />15. “TIF Act” means Minnesota Statutes, Sections 469.174 through 469.1794, as amended and <br />supplemented from time to time. <br />16. “TIF District” means Tax Increment Financing (Redevelopment) District No. 1-8. <br />17. <br />DRAFT AS OF JUNE 5, 2024 1 <br /> <br />