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CC PACKET 05301989
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1989
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CC PACKET 05301989
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Last modified
12/30/2015 4:37:07 PM
Creation date
12/30/2015 4:36:53 PM
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SP Box #
18
SP Folder Name
CC PACKETS 1987-1989
SP Name
CC PACKET 05301989
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"Section" means a Section of this Agreement, unless used in <br /> reference to Minnesota Statutes . <br /> "Soil Corrections" means the toil corrections to be made to the <br /> Redevelopment Property as represented in the site plan for the <br /> construction of the Minimum Improvements as presented to the <br /> City Council and performed in accordance with this Agreement . <br /> "State" means the State of Minnesota . <br /> "Tax Increment" means that portion of the real estate taxes <br /> paid with respect to the Redevelopment Property which is <br /> remitted to the HRA as tax increment pursuant to the Tax <br /> Increment Act . <br /> "Tax Increment Act" means Minnesota Statutes , Sections 469 . 174 <br /> through 469 . 179 . <br /> "Tax Increment District" means Tax Increment District No. 2 <br /> Ramsey County created by. the HRA in connection with the Project . <br /> "Tax Increment Financing Plan" means Tax Increment Financing <br /> Plan for Tax Increment Financing District No. 2 Ramsey County <br /> approved by the HRA and the City Council and <br /> dated 1989 . <br /> Time Table" means the schedule of performance dates for certain <br /> actions by Redeveloper under this Agreement, attached hereto as <br /> Schedule C and made a part hereof . <br /> "Unavoidable Delay" means a failure or delay in a party' s <br /> performance of its obligations under this Agreement, or during <br /> any cure period specified in this Agreement which does not <br /> entail the mere payment of money, not within the party' s <br /> reasonable control , including but not limited to acts of God, <br /> governmental agencies, the other party, strikes, labor disputes <br /> (except disputes which could be resolved by using union labor) , <br /> fire or other casualty, or lack of materials ; provided that <br /> within 10 days after a party impaired by the delay has <br /> knowledge of the delay it shall give the other party notice of <br /> the delay and the estimated length of the delay, and shall give <br /> the other party notice of the actual length of the delay within <br /> 10 days after the cause of -the delay has ceased to exist . The <br /> parties shall pursue with reasonable diligence the avoidance. <br /> and removal of any such delay. Unavoidable Delay shall not <br /> extend performance of any obligation unless the notices <br /> required in this definition are given as herein required. <br /> -4- <br />
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