05-11-2015 Council Packet - Laserfiche WebLink

Home Browse Search

CITY OF LITTLE CANADA RAILROAD QUIET ZONE ESTABLISHMENT PROJECT. "Architect", if any - means Not Applicable, which will administer the Construction Contract Documents on behalf of the Grant Recipient. "Code" - means the Internal Revenue Code of 1986, as amended from time to time, and all treasury regulations, revenue procedures and revenue rulings issued pursuant thereto. "Commissioner of Management and Budget" - means the State of Minnesota acting through its Commissioner of Management and Budget, and any designated representatives thereof. "Completion Date" -- means December 31, 2016 the date of projected completion of the Project as specified in the Construction Contract Documents. "Contractor" - means any person engaged to work on or to furnish materials and supplies for the Project including, if applicable, a general contractor. "Construction Contract Documents" - means the document or documents, in form and substance acceptable to the State Entity, including but not limited to any construction plans and specifications and any exhibits, amendments, change orders or supplements thereto, which collectively form the contract between the Grant Recipient and the Contractor or Contractors concerning the Project and which provide for the completion of the Project on or before the Completion Date for either a fixed price or a guaranteed maximum price. "Construction Items" - means the work to be performed under the Construction Contract Documents. "Declaration" - means a declaration, or declarations, in the form as Attachment I and all amendments thereto, indicating that the Grant Recipient's interest in the Real Property and, if applicable, the Facility is subject to the provisions of this Agreement. "Draw Requisition" - means a draw requisition that the Grant Recipient, or its designee, will submit to the State Entity when an Advance is requested, and which is referred to in Section 5.02. "Event of Default" - means those events delineated in Section 2.05. "Facility", if applicable, - means railroad grade crossing signal systems, _which is located, or will be constructed and located, on the Real Property. "Fair Market Value" — means either (i) the price that would be paid by a willing and qualified buyer to a willing and qualified seller as determined by an appraisal which assumes that all mortgage liens or encumbrances on the property being sold, which Little Caanda GO Bond Proceeds Grant Agreement Ver _ 5/06/15 for MnDOT Antiquated Equipment Grants 2