CC PACKET 04261983 - Laserfiche WebLink

Home Browse Search

"Bonds" means revenue bonds or general obligation bonds issued "Minnesota Environmental Policy Act" means Minnesota Statutes, by the Agency or by the City to finance acquisition of the Sections 116D.Ol,let-seq. , as amended. Redevelopment Property (and related costs). The .term "Bonds" shall also include any revenue bond's or general obligation I "Mortgage" means any mortgage made by Redeveloper which covers, bonds issued by the Agency or the City to refund any Bonds. in whole or in pact, the Redevelopment Property and i$ approved by the Agency under Article VII. "Certificate of Completion" means a certification in the form attached as Exhibit 1 to a Deed, to be provided to Redeveloper, "Mortgagee" means; the owner or holder of a Mortgage. or a purchaser of part of the Redevelopment Property, pursuant to Section 4.4. "Net Proceeds".means any proceeds paid by an insurer to Redeveloper and the Agency under a policy or policies of "City" moans tha city of St. Anthony, Minnesota. insurance required under Article V and remaining after deducting all expenses (including fees and disbursements of "Condemnation Award"means the amount remaining from an. award I counsel) incurred in the collection of -the proceeds. to Redeveloper for public acquisition of title to and possession of the Minimum Improvements, or any material part "National Environmental Policy Act" means the federal law 42 thereof, after deducting all expenses (including fees and U.S.C. 554331 et sec . , as amended. disbursements of counsel) incurred in the collection of such award. "Partner" means a partner in Redeveloper. "Construction Plans" means the plans, specifications, drawings "Permitted Encumbrances" means easements for drainage, public and related documents for the construction work to be performed streets, sanitary; sewer, water and other utilities and such by the Redeveloper on the Redevelopment Property, which (a) other easements or rights-of-way as presently exist within the. shall be at least as detailed as the plans, specifications, Redevelopment Property a ich d e drawings and related documents which are submitted to the PL2j&.Gr. reservations o minera s and mineral rights, bul lnq building inspector of the City and (b) shall include at least and zoning laws and ordinances and all other local, state and . the following: (1) site plan; (2) foundation plan; (3) federal laws andiregulations. basement plans; (4) floor plan for each floor; (5) elevations on all sides; (6) landscape plan; (7) grading.plan; and (8) "Phase" means one of the Phases of Redevelopment Property utility plan. identified on Schedule A-1 attached hereto. 'Deed" means a deed by Agency to Redeveloper for one or more of �±oiP�t" means the redevelopment project in the City_ known and the Phases of the Redevelopment Property in the form attached referred to as a zie '1'e�F�Z'Ls'R2t!@yETieCreeerr�!'! hereto as Exhibit A. "Project Area" means the area designated for redevelopment by. "Event of Default" means an act or omission by the Redeveloper ur or the Agency identified as such in Article X. "Proposal" means Redeveloper's proposal dated January 17, 1983 "First Letter of Credit means a Letter of Credit in the amount for redevelopment of the Redevelopment Property as submitted to of $100,000. the Agency-with any subsequent amendments approved by the : . Agency. "Letter of Credit" means one of the irrevocable bank letters of credit provided to and approved by the Agency pursuant to "Purchase Price" means $1,386,000, to be•paid by Redeveloper Section 4.5, in the form attached hereto as Exhibit B. for the Redevelopment Property and allocated to the Phases -in .. accordance with Schedule C attached hereto. "Minimum Improvements" means the improvements described in Schedule B attached to this Agreement. geedevel"opment Plan" means the plans for the Project dated May, 1987. "Maturity Date" means the date, with respect to a given issue of Bonds, when the principal, premium (if any), and interest on the Bonds are paid in full. -3- -4-