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I. DEFINITIONS 1.01 Definition of Terms. The terns defined in this paragraph have the meanings given there in this paragraph unless otherwise provided or indicated by the context. (a) Council Action. "Council Action ", means the action or decision of the governing body of the Metropolitan Council, on the meeting date identified at Page I of this Agreement, by which the Grantee was awarded Livable Communities Demonstration Account funds. (b) C "County"" means Anoka, Carver, Dakota, Hennepin, Ramsey, Scott and Washington Counties. (o) Dev lopment uthority. "Development Authori.ty'` mans a statutory or home rL11C charter city, a housing and redevelopment authority, an economics development authority, or a port authority in the Metropolitan Area. (d) Metropolitan Area.. {-Metropolitan Area" means the seven - county metropolitan area as defined by Minnesota Statutes section 473).1 2 1, subdi vision 2. (e) Municipality. '*"Municipality"' n -tears a statutory or hone rule charter city or town participating in the Local Housing Incentives Account Program tinder M innesota Statutes section 473.254. Partielp ati . Municipality. "Participating Municipality" means a statutory or home rulC charter i ty or tern rh i h has elected to participate in the Local H.o rrsi ug Incentive Account progran-1 and negotiated affordable and life -cycle housing goals for the Mwiicipality pmsu.an -t to Minnesota Statutes section 4T3254. (g) Proj*ecl. Unless clearly indicated otherwise by the context of a specific provision in this Agreement, "Pro.l ect" means the development or redevelopm -ent project identified in the application for Demonstration Account funds for which grant funds were requested. Grant - funded activities typically are components of the Project. I1. GRANT FUND 2.01 Total Grant Amount. The council will grant to the Grantee the "'Grant Amount's identified ed at Page l of this Agreeme nt which. shall be funds from the Livable Communities Demonstration Account of the Metropolitan Livable ornmunities Fund, Notwithstanding any other provision of this Agreement, the Grantee understands and agrees that any reduction or termination of Livable Communities Demonstration Account grant funds made available to the Council may result in a like reduction in the Grant Amount made available to the Grantee. 2.02 Authorized Use of Grant Funds. The Grant Amount made available to the Grantee under this Agreement shall be used only for the purposes and activ i tie's described in the application for Livable Con- munities Demonstration Account grant funds. A Project surdmary that describes eligible uses of the grant Rinds as approved by the Council is attached to and incorporated into this Agreement as Attachment A. Grant funds must be used to fund the initiatives specified in Minnesota Statutes Page 2 qf '9 Pages