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4 <br />including a building materials schedule); (5) landscape and grading plan; and (6) such other plans or <br />supplements to the foregoing plans as the City may reasonably request to allow it to ascertain the <br />nature and quality of the proposed construction work. <br /> <br />“County” means Anoka County, Minnesota. <br /> <br />“Developer” means Lyngblomsten Senior Housing, Inc., a Minnesota nonprofit corporation, <br />or its permitted successors and assigns. <br /> <br />“Development District” means the Development District No. 1. <br /> <br /> “Development Program” means the Authority’s Development Program for the Development <br />District, as amended. <br /> <br />“Development Property” means the real property described in EXHIBIT I of this <br />Agreement. <br /> <br />“EDA Act” means Minnesota Statutes Sections 469.090 through 469.1082, as amended. <br /> <br /> “Event of Default” means an action by the Developer listed in Article IX of this Agreement. <br /> <br />“Holder” means the owner of a Mortgage. <br /> <br />“Independent Living Units” means units within the Senior Housing Units to be used as <br />independent living units. <br /> <br />“Infrastructure Improvements” means the infrastructure improvements to be constructed, <br />installed, and paid for by the Developer as described in EXHIBIT C of this Agreement. <br /> <br />“Material Change” means a change in construction plans that adversely affects generation of <br />Tax Increment or materially changes the number of Senior Housing Units or the Townhomes. A <br />material change in units includes a change of more or less than 3 units for each type of unit <br />(Independent Living Unit, Assisted Living Unit, or Skilled Nursing Unit). <br /> <br />“Minimum Assessment Agreement” means the Minimum Assessment Agreement described <br />in Section 6.4 hereof and in substantially the form set forth in EXHIBIT H. <br /> <br />“Minimum Improvements” means the construction by the Developer of the Senior Housing <br />Units, the Townhomes, and the Clubhouse. <br /> <br />“Minimum Market Value” means [$28,993,000], as set forth in the Minimum Assessment <br />Agreement. <br /> <br />“Mortgage” means any mortgage made by the Developer that is secured, in whole or in part, <br />with the TIF District Property and that is a permitted encumbrance pursuant to the provisions of <br />Article VII of this Agreement.