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4 <br />foregoing plans as the City may reasonably request to allow it to ascertain the nature and quality of <br />the proposed construction work. <br /> “County” means Anoka County, Minnesota. “Developer” means Lyngblomsten at Lino Lakes, LLC, a Minnesota limited liability <br />company or its permitted successors and assigns. <br /> “Development District” means the Development District No. 1. “Development Program” means the Authority’s Development Program for the Development <br />District, as amended. <br /> “Development Property” means the real property described in EXHIBIT I of this Agreement. “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. “Holder” means the owner of a Mortgage. <br />“Independent Living Units” means the independent living units within the Minimum <br />Improvements, including the 96 independent living apartments and the 20 detached Townhomes. “Infrastructure Improvements” means the infrastructure improvements to be constructed, 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 Tax Increment or materially changes the number of Senior Housing Units, Skilled Nursing Units or the Townhomes. A material change in units includes a change of more or less than 3 units for each type of unit (Independent Living Unit, Assisted Living Unit, or Skilled Nursing Unit). <br /> <br />“Minimum Assessment Agreement” means the Minimum Assessment Agreement described in Section 6.4 hereof and in substantially the form set forth in EXHIBIT H. “Minimum Improvements” means the acquisition of the Development Property by the <br />Developer and the construction by the Developer of the Senior Housing Units and the Townhomes. <br /> “Minimum Market Value” means $30,000,000, as set forth in the Minimum Assessment Agreement. <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 Article VII of this Agreement.