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:.� "Assessed .Va.lue" means .:the .,value of -real property 'as -determined'. <br /> by .the assessor for the ,..City,�in -accordance with- Minnesota <br /> Statutes, Section :273 ::13..against which the real property .tax - is <br /> imposed . <br /> ".Bonds" means revenue bonds or general obligation bonds issued <br /> by- the HRA or by the City to finance acquisition of the <br /> Redevelopment Property (and related costs) by the HRA. The ' <br /> term "Bonds" shall also -include any revenue bonds or general <br /> obligation bonds issued by the HRA or the City to refund any <br /> Bonds . <br /> "Certificate of Completion" means ,; a certification in -the form <br /> attached as Exhibit 1 to a Deed, to be provided to 'Redeveloper, <br /> or a purchaser of part of the Redevelopment Property, pursuant <br /> to this Agreement . <br /> "City" means the City of St . Anthony, Minnesota . <br /> "Condemnation 'Award 'means the -amount remaining from an award <br /> to Redeveloper for public acquisition of titl,e -to and <br /> possession of the Minimum Improvements, or any material part <br /> thereof ; after deducting -all expenses (including fees and <br /> disbursements of counsel) incurred in the collection of such <br /> award . <br /> • "'Construction Plans"' means the plans, specifications', drawings <br /> and related documents for the construction work .to be performed <br /> by the Redeveloper on the Redevelopment 'P.roperty, which (a) <br /> shall be at least as detailed ' as the plans, specifications , <br /> drawings and related documents which are submitted to. the <br /> building inspector of the City and (b) shall include' at least <br /> the following : ( 1) site plan; (2) foundation plan; (3) <br /> basement plans ; (4) floor plan for each! floor; (5) elevations <br /> on all sides; . (6) :landscape plan; (7) grading plan; and (8) <br /> utility plan. <br /> "Deed" means a deed by HRA to Redeveloper for one or more of <br /> the Phases .of the Redevelopment Property in the form attached <br /> hereto as Exhibit A. <br /> "Event of Default" means an--act or omission:- by the Redevel-oper <br /> or .the HRA identified as such in Article X. <br /> "Guarantor" means Patrick J. Gaughan. <br /> "Lett:er of Credit"-. means the irrevocable bank letter of credit <br /> in .the amount of $360, 000, in the form attached hereto as <br /> Exhibit B.. <br /> -3- <br />