03-08-1999 CC - Laserfiche WebLink

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"Construction Plans" means the plans, specifications, drawings and related documents on all construction work to be performed by or on behalf of the Developer on the Development Property, including the Improvements and all other on-site improvements to be performed, installed or constructed upon the Development Property pursuant to this Agreement . Such plans shall at a minimum include, where applicable, the following: (i) site plan; (ii) foundation plan; (iii) basement plans; (iv) floor plan for each floor; (v) cross sections of each (length and width) ; (vi) elevations (all sides) ; (vii) the Design Plans; and (viii) adequate plans, drawings and specifications relating to all driveways, walks, parking and other improvements to be constructed upon the Development Property by the Developer. "Design Plans" means plans which show in adequate detail the design, architectural style, facia, signing, lighting, landscaping, parking and interior traffic components of the Improvements, or applicable portions thereof . "Developer" means Michael Investments, a Minnesota general partnership, or its successors or assigns under this Agreement . "Development Costs" means the $615, 000 current market value of the Development Property plus the unreimbursed costs incurred and paid by the Developer in making the site improvements (the "Site Improvements") for the Improvements and in installing the necessary public infrastructure improvements (the "Public Improvements" ) for the Improvements, all as further described and defined in Section 3 . 2 . "Development District" means the Authority' s Development District No . 2 , 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 Property" 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 . " Improvements" means the approximately 97, 463 square foot building which may be constructed by the Developer as manufactur- ing/warehouse/office facilities, or an approximately 69, 582 square foot building which may be constructed by the Developer as 334455.6 1-2