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10-13-1997 EDA
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10-13-1997 EDA
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Last modified
1/29/2025 9:16:22 AM
Creation date
6/15/2018 5:41:15 AM
Metadata
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MV Commission Documents
Commission Name
Economic Development Authority
Commission Doc Type
Agenda Packets
MEETINGDATE
10/13/1997
Commission Doc Number (Ord & Res)
0
Supplemental fields
Date
10/13/1997
EDA Document Type
Council Packets
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AGREEMENT <br /> 411 <br /> 1.0. Definitions. In this Agreement unless a different meaning clearly appears from the <br /> context: <br /> "Agreement"Agreement"means this Agreement,as the same may be from time <br /> to time modified, amended, or supplemented. <br /> (b) "Authority" means the Mounds View Economic Development <br /> Authority. <br /> (c) "Certificate of Completion" means the certification provided to the <br /> Developer, substantially in the form attached as Exhibit B to this Agreement, <br /> pursuant to Section 20 of this Agreement <br /> (d) "City" means the City of Mounds View, Minnesota. <br /> (e) "Construction Plans" means the plans, specifications, drawings and <br /> related documents on the construction work to be performed on the Property <br /> which (a) shaiT be as derailed as the plans, specifications, drawings and related <br /> documents which are submitted to the appropriate building officials of the <br /> Authority, and (b) shall include at least the foIlowi <br /> ng: <br /> 2) <br /> basement plans; (3) floor plan for each floor•' (4) cross ssectionsfoundation <br /> off each <br /> plan; <br /> and width); and (5) elevations (all sides).• <br /> ch (length <br /> (f) "County" means the County of Ramsey, Minnesota <br /> and assigns(g) "Developer" means or its permitted successors <br /> . <br /> (h) "Event of Default" means an action by the Developer listed in <br /> Section 17 of this Agreement <br /> (i) "Holder" means the owner of a Mortgage. <br /> (j) "Material"means any effect or change which significantly alters the <br /> intended use of the Property, or increases or decreases the costs of any individual <br /> item of the Minimum Improvements by more than. <br /> (k) "Minimum Improvements"means the construction of a <br /> sq. ft single family residential home_ <br /> (I) "Mortgage" means any mortgage made by the Developer which is <br /> secured, in whole or inwith the • <br /> part, Property and which is a permitted <br /> encumbrance pursuant to the provisions of this asrreement <br /> s..uas4a <br /> KGSQS-2 7 <br />
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