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Minnesota Petroleum Tank Release Cleanup Act, Minn. Stat. 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; Event of Default means any of the events described in Section 4.1 hereof; Final Plans means the final plans and specifications for the Project based upon the Preliminary Plans and approved by the City in accordance with Section 2.3(c) hereof; Hazardous Substance means asbestos, urea formaldehyde, polychlorinated biphenyls, nuclear fuel or material, chemical waste, radioactive material, explosives, known carcinogens, petroleum products and by- products and other dangerous, toxic or hazardous pollutants, contaminants, chemicals, materials or substances listed or identified in, or regulated by, any Environmental Law; Land Acquisition Costs means the costs of acquiring the Development Property, including the purchase price and /or the amount of condemnation awards or judgments paid for the Development Property, costs incurred in establishing good title to the Development Property and any applicable relocation costs paid in connection with any condemnation of the Development Property, whether such costs are paid directly by the Developer or reimbursed by the Developer to the City; Letter of Credit means the letter of credit to provided by the Developer in favor of the City in accordance with Section 3.1(c) hereof; Note Payment Date means August 1, 2002, and each February 1 and August 1 of each year thereafter to and including August 1, 2009; provided, that if any such Note Payment Date should not be a Business Day, the Note Payment Date shall be the next succeeding Business Day; Permitted Encumbrances means those encumbrances, liens, easements, covenants, declarations, restrictions and other title matters referred to in Exhibit B; Preliminary Plans means the preliminary site plan and preliminary specifications for the Project attached hereto as Exhibit C; Project means the approximately 16,000 square foot commercial facility to be located on the Development Property and to be constructed by Developer in accordance with this Agreement and the Final Plans; provided that in the event the size of the 1058683RED V5 to V4; 7/14/99 3 PAGE 20