05-23-1994 EDA - Laserfiche WebLink

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parking and interior traffic components of the Improvements, or applicable portions thereof. "Develoger" means [Name of Company], a Minnesota , or its successors or assigns under this Agreement. "Development Costs" means all costs incurred and paid by the Developer in acquiring and improving the Development Property and in completing the Improvements. "Development District" means the Authority's Development District No. 1, as amended. (Note: As of May 9, 1994, the Development District has been incorporated into the Authority's Mounds View Economic Development Project.) "Development Program" means the Authority's Development Program for the Development District, as amended. (Note: As of May 9, 1994, the Development Program has been incorporated into the Project Plan of its Mounds View Economic Development Project.) "Development Propertv" means the real property described in Exhibit A of this Agreement. "EDA Note" means the obligation substantially in the form of the attached Exhibit B which is described in Section 3.2. "Event of Default" means any Event of Default described in Section 5.1 of this Agreement. "Im�rovements" means the � unit residential rental facility to be constructed by the Developer on the Development Property within the Tax Increment Financing District, and all other improvements, including walks, landscaping, utility improvements and relocations, and fixtures and equipment, to be constructed or installed upon the Development Property in connection with and in order to facilitate the above described improvements.� "Low/Moderate Senior Uses" means "Partv" means either the Developer or the Authority, as the context may require. "Parties" means the Developer and the Authority. "State" means the State of Minnesota. "Tax Increment Act" means Minnesota Statutes, Sections 469.174 through 469.179, as the same may be amended or supplemented. 263418.1 1 ° 2