07-23-2003 Council Agenda - Laserfiche WebLink

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plans; (e) foundation plans; (f) floor plans for each proposed building type; (g) exterior elevations (all sides) for each proposed building type; and (h) plans for streetscapes adjacent to abutting public streets. The Construction Plans must be as detailed as the plans, specifications and related documents the City requires in connection with the issuance of a building permit. 2.9. "County" means Ramsey County, Minnesota. 2.10. 'Developer" means The Village at Little Canada LLC, a Minnesota limited liability company. 2.11. "Development Property" means the real property described on Exhibit A and any improvements now or hereafter located thereon, including, but not limited to, the Minimum Improvements. The Development Property consists of Parcel 1, Parcel 2, Parcel 3, and Parcel 4. 2.12. "EDA" means the Economic Development Authority of the City of Little Canada. 2.13. "Environmental Law" means the Comprehensive Environmental Response, Compensation and Liability Act, 42 U.S.C. Section 96.01 et seq., the Resource Conservation and Recovery Act, 42 U.S.C. Section 69.01 et seq., the Hazardous Materials Transportation Act, 49 U.S.C. Section 1802 et seq., the Toxic Substances Control Act, 15 U.S.C. Section 2601 et seq., the Federal Water Pollution Control Act, 33 U.S.C. sec. 1251 et seq., the Clean Water Act, 33 U.S.C. Section 1321 et seq., the Clean Air Act, 42 U.S.C. sec. 7401 et seq., the Minnesota Environmental Response and Liability Act, Minnesota Statutes ch. 115B, the Minnesota Petroleum Tank Release Cleanup Act, Minnesota Statutes ch. 115C, and any other federal, state, county, municipal, local or other statute, law, ordinance or regulation which may relate to or deal with human health or the environment, all as may be from time to time amended. 2.14. "Event of Default" means any of the Events of Default described in Section 12.1. 2.15. "Excess Tax Increment" means, as of the Maturity Date, the cumulative amount by which Tax Increments derived from the TIF District through the Maturity Date are greater than the amount needed for such period to pay the scheduled principal and interest payments on the TIF Bonds, less the then Outstanding Townhome Tax Increment Shortfall, if any, and less any expenditures of Tax Increments made by the EDA (other than the TIF Bond payments); provided that, notwithstanding the foregoing, Excess Tax Increment will not be less than the cumulative amount by which Tax Increments derived from the Development Property and the Townhome Development Property through the Maturity Date are greater than the Projected Tax Increment, less the then Outstanding Townhome Tax Increment Shortfall, if any. 2.16. "Guaranty" means a personal guaranty of George E. Sherman, in substantially the form of the pro forma guaranty attached as Exhibit E, pursuant to which George E. Sherman personally guarantees Developer's obligation to pay real estate taxes -2-