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5® • WHEREAS, the HRA and the City believe that redevelopment of a portion of the Project Area pursuant to this Agreement is in the best interests of the City and benefits the health, safety, morals and welfare of its residents, and complies with the applicable state and local laws and requirements under which the Redevelopment Project has been undertaken and is being assisted. NOW,THEREFORE, in consideration of the foregoing premises and the mutual obligations set forth in this Agreement, the parties hereto hereby agree as follows: ARTICLE 1 Definitions Section 1.1. Definitions. In this Agreement, unless a different meaning clearly appears from the context: "Acquisition Costs" means (i) the cost of appraisals to establish the "fair market value" of the Redevelopment Property or any interest therein; (ii) the amounts paid by the HRA to outside legal counsel (in accordance with the hourly rate schedule generally applicable to HRA and City matters) retained to draft, develop and file the petition for and handle the eminent domain proceedings on behalf of the HRA and the Redeveloper and to transfer any portion of the Redevelopment Property to the Redeveloper pursuant to and in accordance with this Agreement; (iii) all court and filing fees; (iv) all • witness fees; (v) all recording and filing fees; (vi) payment of all relocation benefits which the owner and tenants of the Redevelopment Property are entitled to receive pursuant to Minnesota Statutes, Section 117.52 et. seq. and associated regulations; (vii) payment of all deposits required to be made as a result of any immediate transfer of title ("quick take") pursuant to Minnesota Statutes, Section 117.042 of any of the Redevelopment Property; (viii) all awards granted in any condemnation action for the Redevelopment Property reduced by the amount of any deposits described in the foregoing subparagraph (vii) applied against such awards; (ix) all costs of environmental and geotechnical reports, tests, investigations and surveys for the Redevelopment Property; (x) all costs of platting and zoning the Redevelopment Property as required by this Agreement; (xi) all state deed tax payable in connection with any deeds to the Redevelopment Property which are required pursuant to and in accordance with this Agreement; (xii) the cost of obtaining title insurance commitments for the Redevelopment Property and any fees or charges due to any title insurance company for the same; and(xiii) all other_costs incurred in connection with the acquisition of marketable fee title to the Redevelopment Property, including without limitation all mailing, publication and related costs. "Act" means Minnesota Statutes, Sections 469.001 through 469.047. "Agreement" means this Agreement, as the same may be from time to time modified, amended or supplemented. • -2-