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IIIDEVELOPMENT ASSISTANCE AGREEMENT <br /> THIS AGREEMENT is dated as of April 14, 1997; is by and <br /> between the Mounds View Economic Development Authority and Kenmark <br /> Partnership, LLP, a Minnesota limited liability partnership; and <br /> provides as 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 /> "Available Tax Increments" means, for each of the taxes <br /> • payable years 1999 through 2004, inclusive, 60% of the Tax <br /> Increments . <br /> "Board" means the Board of Commissioners of the Authority, its <br /> governing body. <br /> "Certificate of Completion" means the certificate <br /> substantially in the form of the attached Exhibit C, to be executed <br /> by the Authority upon the conditions provided in Section 3 .3 hereof <br /> upon completion of the Improvements. <br /> "City" means the City of Mounds View, Minnesota. <br /> "Developer" means Kenmark Partnership, LLP, a Minnesota <br /> limited liability partnership, or its successors or assigns under <br /> this Agreement. <br /> "Development Costs" means all costs incurred and paid by the <br /> Developer in installing on-site utilities and making other <br /> necessary site improvements for the Improvements, including without <br /> limitation the costs of stormwater drainage and ponding measures. <br /> "Development District" means the Authority' s Development <br /> District No. 3 , as amended. (Note: As of May 9, 1994, the <br /> Development District has been incorporated into the Authority' s <br /> 411 Mounds View Economic Development Project. ) <br /> 346932.2 1-1 <br />