Agenda Packets - 1987/12/14 - Laserfiche WebLink

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ARTICLE I Definitlons Section I.I. Definitions. In this Agreement, unless a different meaning clearly appears from the context: "Act" means the Municipal Development Districts Act, Minnesota Statutes, Sections 469.124 to 489.134, as amended. "Agreement" means this Agreement, as the same may be from time to time modified, amended, or supplemented. "Assessed Market Value' nr "Assessed Market Valuation" means the market value of real property as determined by the county assessor of the County in accordance with Minnesota Statutes, Section 273.11 (or as finally adjusted by any assessor, board of equalization, commissioner of revenue, or any court). "Assessment Agreement" means each agreement, in the form of the agree- ment contained in Schedule C attached to and made a part of this Agreement, among the Redeveloper, the City, and the county assessor of the County, entered Into pursuant to Section 6.4 of this Agreement. "Assessor's Minimum Market Value" means the agreed minimum market value of any Phase of the Redevelopment Property for calculation of real property taxes as determined by the county assessor for the County pursuant to the Assessment Agreement. "Bonds" means the bonds or other obligations Issued by the City to finance Its acquisition of the Redevelopment Property, construction of the Public Improvements, and its other costs hereunder (and costs related to such acquisition and construction). The term "Bonds" shall also include any bonds or obligations Issued to refund any Bonds. "Certificate of Completion" means the certification, in the form of the certificate contained in Schedule D attached to and made a part of this Agreement, provided to the Redeveloper, or the purchaser of any pert, parcel or unit of the Redevelopment Property, pursuant to Section 4.4 of this Agreement. "City" means the City of Mounds View; Minnesota, or its successors or assigns. "Construction Plans" means the plans, specifications, drawings and relates. documents on the construction work to be performed by the Redeveloper on the Redevelopment Property which (a) shall be as detailed as the plans, specifications, drawings and related documents which are submitted to the Building Official of the City, and (b) shall include at least the following for each building. (1) site plan; (2) foundation plan; (3) basement plans; (4) floor plan for each floor; (5) cross sections of each (length and width); (6) elevations (all sides, except as to a side of existing structure where no construction is to take place), (7) facade and landscape plan; and (8) such other plans or supplements to the foregoing plans as the City may reasonably request.