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"Final Payment Date" means February 1, 2031. "Final Plans" means the Final Plat and the other plans and specifications the City approves pursuant to this Agreement, the PUD Agreement and the Minimum Improvements to be constructed therein, as the same may be amended from time to time. Final Plans must address the following, to the extent applicable: (i) grading; (ii) wetlands; (iii) surface water quality; (iv) storm water controls, erosion controls and drainage; (v) street and lot layout; (vi) utilities; (vii) landscaping; (viii) basement elevations; (ix) signage; (x) easements for public utilities; (xi) parking; and (xii) building location and exterior building design and appearance. "Final Plat" means the final plat or replat for the Development when approved by the City and the County. "Financing Commitment" means a commitment from a Mortgage lender. "Market Value" means the market value of real property as determined by the assessor of the City in accordance with Minnesota Statutes, Section 273.11 (or as finally adjusted by any assessor, board of equalization, commissioner of revenue or any court). "Memorandum of Agreement" means the document described in Section 14.14 and substantially in the form shown on Exhibit I. "Minimum Improvements" means approximately 152 senior rental housing units, together with related parking facilities, to be constructed by the Developer on the Development Property, as depicted and described on the Design Drawings, attached as Exhibit B. The Minimum Improvements will be further defined and must be constructed in accordance with the Final Plans.