12-19-2001 Council Agenda - Laserfiche WebLink

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2.12. 2.10. "City Loan" means the loan described in Section 6.1. 2.13. 2.11. "Condemnation Award" means the amount remaining from an award to the Developer for the acquisition of title to and possession of the Development Property, or any part thereof, after deducting all reasonable expenses (including reasonable fees and disbursements of counsel) Developer incurs to collect the award. 2.14. 2.12. "Construction Commencement Date" has the meaning set forth in Section 8.3. 2.15. 2.13. "Construction Completion Date" has the meaning set forth in Section 8.3. 2.16. 2.11. "Construction Plans" means the Developer's plans and specifications for the Developer's construction of the Minimum Improvements and related documents. The Construction Plans must include at least the following: (a) site plans; (b) site grading and drainage plans; (c) foundation plans; (d) basement plans, if any; (e) floor plans for each floor; (f) cross sections of each floor (length and width); (g) exterior elevations (all sides); and (h) landscape plans. The Construction Plans must be as detailed as the plans, specifications and related documents which the City requires in connection with the issuance of a building permit. 2.17. 2.15. "County" means Ramsey County, Minnesota. 2.18. "Cumulative Cash Flow" means the sum of the Annual Cash Flow for each Fiscal Year from and including the year in which the City issues a temporary certificate of occupancy for the Minimum Improvements through and naduagthe end of a Fiscal Year, if Cumulative Cash Flow is being calculated to determine if Excess Annual Cash Flow exists in that Fiscal Year, and through the Maturity Date, if Cumulative Cash Flow is being calculated for purposes of Section 6 3(el. 2.19 "Debt Service" means, for any Fiscal Year, the sum of the payments of principal and interest the Developer is required to make and actually makes under the terms of the First Mortgage Loan. 2.20, 2.16. "Developer" means , a 2.21. 2.17. "Developer Documents" means this Agreement, the Assessment Agreement, the Purchase Agreement, the Developer Note and the Developer Mortgage. 2.22. 2.18. "Developer Mortgage means the Mortgage, Assignment of Rents and Profits, Security Agreement and Fixture Financing Statement the Developer grants to the City to secure the Developer's performance of Developer's obligations under the Developer Note. The Developer Mortgage must be in a form reasonably acceptable to the City. 1353333vDOC Red (V3 to V2) Page 107