08-28-1995 EDA - Laserfiche WebLink

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I DEVELOPMENT ASSISTANCE AGREEMENT THIS AGREEMENT is dated as of August 28, 1995; is by and between the Mounds View Economic Development Authority and Bridges Leasing Company, LLC, a Minnesota limited liability company;. and provides as follows : ARTICLE I DEFINITIONS Section 1 . 1. Definitions. In this Agreement, unless a different meaning clearly appears from the context : "Agreement" means this Development Assistance Agreement by and between the Authority and the Developer, as the same may be from time to time modified, amended or supplemented. "Authority" means the Mounds View Economic Development Authority. "Available Tax Increments"- means,, for each of the_ taxes payable years . ;1997_ ,through 2005, inclusive, _ 90% of _ the Tax 411 Increments, but not more than $54, 846 in each such year. "Board" means the Board of Commissioners of the Authority, its governing body. "Certificate of Completion" means the certificate substantially in the form of the attached Exhibit C, to be executed by the Authority upon the conditions provided in Section 3 .4 hereof upon completion of the Improvements . "City" means the City of Mounds View, Minnesota. "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. • 298106.1 1-1