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2011_0418_Packet_amended
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2011_0418_Packet_amended
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1/6/2012 2:40:37 PM
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"Easement Premises"" - means the real estate and structures, granted to thh" <br />Grantee under an easement. "Event of Default" - means one or more of thos <br />events delineated in Section 2.07. 1 <br />"Facility" means, the Waste water Systems identified in Recital No. 5 of thi <br />,h <br />Agreement which i's located,, or will be constructed and located on the <br />5 Re <br />Property and all equipment that is a part thereof that was purchased With <br />(mroceeds. <br />"G.O. Bonding Legislation" — means the legislation delineated 'in Recital Nos. <br />I and 2 hereinabove as the G.O. Bonding Legislation. <br />G.O. Bonds" - means that portion of the state general obligation bonds issue:4 <br />- I <br />under the authority granted in Article XI, § 5(a) of the Minnesota Constitution, �h <br />proceeds of which are used to fund the G.O. Grant and any state bonds issued t <br />refund or replace such bonds. <br />(.'G.O. Compliance Legislation" - means Minn. Stat. § 16A.695 as such may <br />subsequently be amended, modified or replaced from time to time unless such <br />2-mendment, modification or replacement imposes an unconstitutional impairment <br />• contract right. <br />"G.O. Grant"' means a grant of monies from the Council to the Grantee in th'T <br />mount identified as the "G.O. Grant" in Section 2.01 (b) to this Agreement, as thti <br />mount thereof may be modified under the provisions contained herein. <br />"Govemmentai Program"' means the operation of the Real Property and th;;W� <br />Facility for the purpose specified and identified in Recital No. 5 of this Aueemewl <br />as the Governmental Program. <br />"Grantee" - means the entity identified as the "Grantee" in the lead-in <br />paragraph of this Agreement. <br />- "Initial Acquisition and Betterment Costs"" means the cost to acquire the <br />Grantee"s ownership interest in the Real Property and Facility if the Grantee does <br />not already possess the required ownership interest, and the costs of betterments of <br />the Real Property and Facility; provided however the Council and the <br />P I I <br />7 <br />
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