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"Event of Default" means any Event of Default described in <br /> 4111 <br /> Section 5 . 1 of this Agreement . <br /> "Improvements" means the approximately 103 , 000 square foot <br /> building which may be constructed by the Developer as manufactur- <br /> ing/warehouse/office facilities to be located on the Development <br /> Property within the Tax Increment Finance District, and all other <br /> improvements, including walks, landscaping, utility improvements <br /> and relocations, and fixtures and equipment, to be constructed or <br /> installed upon the Development Property in connection with and in <br /> order to facilitate the above described improvements . <br /> "Party" means either the Developer or the Authority, as the <br /> context may require. <br /> "Parties" means the Developer and the Authority. <br /> "Public Improvements" means the public infrastructure <br /> improvements for the Improvements described in Section 3 .2 and <br /> Exhibit D. <br /> "Site Improvements" means the site improvements for the <br /> Improvements described in Section 3 . 2 and Exhibit E. <br /> "State" means the State of Minnesota. <br /> "Tax Increment Act" means Minnesota Statutes, Sections 469 . 174 4111 <br /> through 469 . 179, as the same may be amended or supplemented. <br /> "Tax Increments" means those tax increments which the <br /> Authority shall be entitled to receive and retain, and which the <br /> Authority shall have actually received, from Ramsey County from <br /> time to time from the Tax Increment Financing District pursuant to <br /> the Tax Increment Act; provided that the term "Tax Increments" <br /> shall specifically not include any amounts of tax increment <br /> generated by the Tax Increment Financing District which pursuant <br /> to the applicable terms of the Tax Increment Act (as it may exist <br /> or be amended from time to time) may be required to be paid to or <br /> reserved for the State of Minnesota, Ramsey County, or any other <br /> entity or official; and "Available Tax Increments" means 9096 of the <br /> Tax Increments generated by the portion of the tax capacity of the <br /> Development Property which exceeds $22, 342 . <br /> "Tax Increment Financing District" means the Authority' s Tax <br /> Increment Financing District No. 1 (which has also been sometimes <br /> referred to as Tax Increment Redevelopment District No. 1) within <br /> the Development District, as now under the governance and control <br /> of the Authority, as described in Section 2 . 1 (c) . <br /> • <br /> 334455.4 1-3 <br />