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• described in Minnesota Statutes, Sections 469 . 174 through 469 . 179 to finance a portion of the cost of certain soil correction in the Project Area; and WHEREAS, the HRA believes that redevelopment 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 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: "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. "Certificate of Completion" means a certification in the form attached as Exhibit A, to be provided to Redeveloper, or a purchaser of part of the Redevelopment Property, pursuant to this Agreement . "City" means the City of St . Anthony, Minnesota . "Construction. Plans" means the plans, specifications, drawings and related documents for the construction work to be performed by the Redeveloper on the Redevelopment Property, which (a) shall be at least as detailed as the plans, specifications, drawings and related documents which are submitted to the building inspector of the City and (b) shall include at least the following : ( 1) site plan; (2) foundation plan; (3) basement plans; (4) floor plan for each floor; (5) elevations on all sides; (6) landscape an (7) grading plan; and (8) utility plan. "Event of Default" means as set forth in Section 9 .01 hereof . "Gross Tax Capacity" means the value of real property as determined by the assessor for the City in accordance with -2-