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DEVELOPMENT ASSISTANCE AGREEMENT • <br /> THIS AGREEMENT is dated as of , 1997; is <br /> by and between the Mounds View Economic Development Authority and <br /> The Everest Group, Ltd. , a Minnesota corporation; and provides as <br /> follows : <br /> ARTICLE I <br /> DEFINITIONS <br /> Section 1 . 1. Definitions . In this Agreement, unless a <br /> different meaning clearly appears from the context : <br /> "Agreement" means this Development Assistance Agreement by and <br /> between the Authority and the Developer, as the same may be from <br /> time to time modified, amended or supplemented. <br /> "Authority" means the Mounds View Economic Development <br /> Authority. <br /> "Board" means the Board of Commissioners of the Authority, its <br /> governing body. <br /> "Bonds" means (1) the City' s $6, 000, 000 Taxable General 4111 <br /> Obligation Tax Increment Bonds, Series 1988A, dated February 1, <br /> 1988, (2) the City' s $930, 000 General Obligation Tax Increment <br /> Bonds, Series 1989B, dated November 1, 1989, (3) the City' s <br /> $1,490, 000 Taxable General Obligation Tax Increment Bonds, Series <br /> 1989C, dated November 1, 1989, (4) and any bonds or similar <br /> obligations issued by the City or the Authority to refund any of <br /> the Bonds (including without limitation (i) the City' s $4, 945, 000 <br /> Taxable General Obligation Tax Increment Refunding Bonds, Series <br /> 1996B, dated May 1, 1996, and issued to "crossover refund" the <br /> above-mentioned Series 1988A Bonds as of February 1, 1996; (ii) the <br /> City' s $2 , 770, 000 Taxable General Obligation Tax Increment <br /> Refunding Bonds, Series 1996A, dated March 1, 1996, to the extent <br /> issued to advance refund the above-mentioned Series 1989C Bonds <br /> (pursuant to which said Series 1989C Bonds will be paid in full on <br /> February 1, 1997) ; and (iii) the City' s $815, 000 General Obligation <br /> Tax Increment Refunding Bonds, Series 1996B, dated March 1, 1996, <br /> and issued to advance refund and pay in full on February 1, 1997, <br /> the above-mentioned Series 1989 Bonds) . <br /> "Certificate of Completion" means the certificate substan- <br /> tially in the form of the attached Exhibit C, to be executed by the <br /> Authority upon the conditions provided in Section 3 .4 hereof upon <br /> completion of the Improvements . <br /> • <br /> 334455.4 1-1 <br />