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ARTICLE I <br />DEFINITIONS <br />Section 1.1. Definitions. All capitalized terms <br />used and not otherwise defined herein shall have the <br />following meanings unless a different meaning clearly <br />appears from the context: <br />Additional Phase I Development Property means the real <br />property legally described in Exhibit C; <br />Agreement means this Agreement, as the same may be from <br />time to time modified, amended or supplemented in accordance <br />with its terms; <br />Assessment Agreement means the agreement, in the form <br />of the agreement contained in Exhibit B attached hereto and <br />made a part of this Agreement, among the Developer, the City <br />and the Assessor for the County, entered into pursuant to <br />Article VI of this Agreement; <br />Assessor's Minimum Market Value means the Assessor's <br />Phase I Minimum Market Value and the Assessor's Phase II <br />Minimum Market Value; <br />Assessor's Phase I Minimum Market Value means the <br />agreed minimum market value of the Phase I Development <br />Property and the Phase I Minimum Improvements for <br />calculation of real property taxes as determined by the <br />assessor for the County of not less than $2,098,387 as of <br />January 2, 2000; <br />Assessor's Phase II Minimum Market Value means the <br />agreed minimum market value of the Phase II Development <br />Property and the Phase II Minimum Improvements for <br />calculation of real property taxes as determined by the <br />assessor for the County of not less than $695,663 as of <br />January 2, 2001; <br />1054867.2 <br />Page 50 <br />