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2015_0817_CCpacket
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2015_0817_CCpacket
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8/14/2015 12:00:58 PM
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district. <br />Attachment A <br />"County" means the County of Ramsey, Minnesota. <br />"Development Act" means Minnesota Statutes, Sections 469.124 to 469.133, as amended. <br />"Development District" means Development District No. 1 and the area within such <br />"Development Program" means the Development Program for the Project. <br />"Environmental Costs" has the meaning provided in Section 3.3(a) hereof. <br />"Escrow Agreement" means the Escrow Agreement attached hereto as Exhibit E. <br />"Event of Default" means an action by the Redeveloper listed in Article IX of this <br />Agreement. <br />"Holder" means the owner of a Mortgage. <br />"Minimum Improvements" means construction on the Redevelopment Property of <br />approximately 18 units of owner-occupied housing, and associated surface and garage parking, <br />along with all associated infrastructure, sidewalks, and landscaping. <br />"Mortgage" means any mortgage made by the Redeveloper that is secured, in whole or in <br />part, with the Redevelopment Property and that is a permitted encumbrance pursuant to the <br />provisions of Article VIII of this Agreement. <br />"Parcel" means any parcel of the Redevelopment Property. <br />"Pooled Tax Increment" means tax increments received by the City from the TIF Districts <br />and authorized to be used for Public Redevelopment Costs pursuant to the Tax Increment Plans for <br />the TIF Districts. <br />"Pro Forma" means the financial pro forma far the Minimum Improvements attached <br />hereto as Schedule F. <br />"Public Redevelopment Costs" means those costs identified in Section 3.2, 3.6 and 3.7. <br />"Redeveloper" means Dale Street Station, LLC, a Minnesota limited liability company, or <br />its permitted successors and assigns. <br />"Redevelopment Property" means the real property described in Schedule A of this <br />Agreement. <br />"State" means the state of Minnesota. <br />"Tax Increment Act" or "TIF Act" means the Tax Increment Financing Act, Minnesota <br />Statutes Sections 469.174 to 469.1794, as amended. <br />3 <br />7174856v3 <br />
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