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<br />"Project 1-87 Minimum Improvements" means the Minimum Improvements to be <br />completed on Block 7 of Development Property, generally consisting of at least 30 units of <br />residential rental apartments; <br /> <br />"Project 1-88 Minimum Improvements" means the substantial completion of the <br />improvements contemplated by and in accordance with this Agreement and the Construction <br />Plans and generally.described as consisting of at least 40 units of residential rental apartments <br />and an approximately 17,000 square feet of commercial/retail/common area located on the first <br />floor of the building; <br /> <br />"Project 1-89 Minimum Improvements" means the substantial completion of the <br />improvements contemplated by and in accordance with this Agreement and the Construction <br />Plans and generally described as consisting of approximately 12,000 square feet of commercial <br />property split between two floors; <br /> <br />"Project 2-84 Minimum Improvements" means the substantial completion of the <br />improvements contemplated by and in accordance with this Agreement and the Construction <br />Plans and generally described as consisting of at least 32 units of residential multi-family <br />housing, either rental apartments or for sale ownership, and an approximately 12,000 square feet <br />of commercial/retaillcommon area located on the first floor of the building; <br /> <br />"Project 2-85 Minimum Immovements" means the substantial completion of the <br />improvements contemplated by aDd in accordance with this Agreement and the Construction <br />Plans and generally described as consisting of at least 60 units of residential multi-family <br />housing, either rental apartments or for sale ownership, and an approximately 17,000 square feet <br />of commercial/retail/common area located on the first floor of the building; <br /> <br />''Project 2-8E-W Minimum ImDrovements" means the substantial completion of the <br />improvements contemplated by and in accordance with this Agreement and the Construction <br />Plans and generally described as consisting of approximately 40 units of residential owner- <br />occupied townhouses; <br /> <br />"Project 3-86 Minimum Improvements" means the substantial completion of the <br />improvements contemplated by and in accordance with this Agreement and the Construction <br />Plans and generally described as consisting of at least 60 units of residential multi-family <br />housing, either rental apartments or for sale ownership; <br /> <br />"Project 3-810 Minimum Improvements" means the substantial completion of the <br />improvements contemplated by and in accordance with this Agreement and the Construction <br />Plans and generally described as consisting of approximately 40 units of residential owner- <br />occupied townhouses; <br /> <br />"Project 4-83 Minimum Improvements" means the substantial completion of the <br />improvements contemplated by and in accordance with this Agreement and the Construction <br />Plans and generally described as at least 12 units of residential rental apartments and <br />approximately 10,000 square feet of commercial/retailIcommon area located on the :first floor of <br />the building; . <br /> <br />7 <br /> <br />q4 <br />