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• "Advance(s)" -means an advance made or to be made by the State Entity to the Public Entity and disbursed in accordance «'ith the provisions contained in Article ~' hereof. "A~-eement" -means this General Obligation Bond Proceeds Grant Agreement Predesign or Design Grant for the Mounds Vie«- Redevelopment Project. "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 Finance" -means the State of Minnesota acting through its Commissioner of Finance, and any designated representatives thereof. "Commissioner's Order" -means the "Order Amending Order of the Commissioner of Finance Relating to Use and Saie of State Bond Financed Property" executed by the Commissioner of Finance on July 20, 1995. "Event of Default" -means those events set forth in Section 4.01. "Facility", if applicable, -means Not Applicable, which may be acquired and improved, renovated, rehabilitated, or newly constructed by ttte Public Entity at some future date. • "G.O. Bonds" -means state general obligation bonds, issued under the authorit Y granted in Article XI, § 5(a} of the Minnesota Constitution, the proceeds of which are used to fund the Grant, or any bonds issued to refund or replace such bonds. "G.O. Compliance Legislation" - means Minn. Stat. 5 16A.69~, as such may subsequently be amended, modif ed or replaced. "Grant" - means a grant of monies from the State Entity to the Public. Entity ire an amount of ONE MILLION SIX HUNDRED AND THIRY FIVE THOUSAND FIVE HUNDRED DOLLARS $1,635,500. "Predesign Stage" -means the performance of predesign or design functions relating to the Public Entity's acquisition of an interest in and, if applicable, the improvement of the Real Property and, in addition and if applicable, the acquisition, improvement, renovation, rehabilitation, or new construction of the Facility. "Public Entity" -means City of Mounds Viev~~, a home rule charter city . "Real Property" -means real property that is the subject of this Agreement and, if applicable, upon which the Facility will be situated. "State Entity" -means the Department of Employment and Economic Development . Generic GO Grant A Bement 2 ~ Ver - 7!30!03 for Pre-Design or Design Grants (Gnrc GO GA-PrDsgn Grnt)