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zr_-. - , : _; : :_:: __ , � : <br />pursuant to this Agreement. Such plans shall at a minimum include, <br />where applicable, the following: (i) site plan; (ii) foundation <br />plan; (iii) basement plans; (iv) floor plan for each floor; (v) <br />cross sections of each (length and width); (vi) elevations (all <br />sides); (vii) the Design Plans; and (viii) adequate plans, drawings <br />and specifications relating to all driveways, walks, parking and <br />other improvements to be constructed upon the Development Property <br />by the Developer. <br />"Design Plans" means plans which show in adequate detail the <br />design, architectural style, facia, signing, lighting, landscaping, <br />parking and interior traffic components of the Improvements, or <br />applicable portions thereof. <br />"Developer" means Everest Development, Ltd., a Minnesota <br />corporation, or its successors or assigns under this Agreement. <br />"Development Costs" means unreimbursed costs incurred and paid <br />by the Developer in acquiring, carrying, and improving the <br />Development Property. <br />"Development District" means the Authority's Development <br />District No. 2, as amended. (Note: As of May 9, 1994, the <br />Development District has been incorporated into the Authority's <br />Mounds View Economic Development Project.) <br />"Development Proqram" means the Authority's Development <br />Program for the Development District, as amended. (Note: As of <br />May 9, 1994, the Development Program has been incorporated into the <br />Project Plan of its Mounds View Economic Development Project.) <br />"Development Property" means the real property described in <br />Exhibit A of this Agreement. <br />"EDA Note" means the obligation substantially in the form of <br />the attached Exhibit B which is described in 5ection 3.2. <br />"Event of Default" means any Event of Default described in <br />Section 5.1 of this Agreement. <br />"Improvements" means the approximately 30,000 square foot <br />expansion of Multi-Tech's existing manufacturing/warehouse/office <br />facilities located within the Tax Increment Finance District, and <br />all other improvements, including walks, landscaping, utility <br />improvements and relocations, and fixtures and equipment, to be <br />constructed or installed upon the Development Property in <br />connection with and in order to facilitate the above described <br />improvements. <br />Z62545 .1 1- 2 <br />