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Property" executed by the Commissioner of Minnesota Management and Budget <br /> and dated June 19, 2012. <br /> "Completion Date" — means November 30, 2014 the date of projected <br /> completion of the Project. <br /> "Contractor" - means any person engaged to work on or to furnish materials <br /> and supplies for the Construction Items including, a general contractor. <br /> "Construction Contract Documents" - means the document or documents, in <br /> form and substance acceptable to the Council, including but not limited to any <br /> construction plans and specifications and any exhibits, amendments, change orders, <br /> modifications thereof or supplements thereto, which collectively form the contract <br /> between the Grantee and the Contractor or Contractors for the completion of the <br /> Construction Items on or before the Completion Date for either a fixed price or a <br /> guaranteed maximum price. <br /> "Construction Items" — means the work to be performed under the <br /> Construction Contract Documents. <br /> "Council" - means the entity identified as the "Metropolitan Council" in the <br /> lead-in paragraph of this Agreement. <br /> "Declaration" - means a declaration, or declarations, in the form contained in <br /> Attachment I to this Agreement and all amendments thereto, indicating that the <br /> Grantee's ownership interest in the Real Property and Facility is state bond <br /> financed property within the meaning of the G.O. Compliance Legislation and is <br /> subject to certain restrictions imposed thereby. <br /> "Draw Requisition" - means a draw requisition that the Grantee, or its <br /> designee, submits to the Council when an Advance is requested, as referred to in <br /> Section 6.02. <br /> "Easement Premises" - means the real estate and structures, granted to the <br /> Grantee under an easement. "Event of Default" - means one or more of those <br /> events delineated in Section 2.07. <br /> "Facility" means, the Wastewater Systems identified in Recital No. 5 of this <br /> Agreement which is located, or will be constructed and located, on the Real <br /> Property and all equipment that is a part thereof that was purchased with the <br /> proceeds. <br /> "Fair Market Value" — means either (i) the price that would be paid by a <br /> willing and qualified buyer to a willing and qualified seller as determined by an <br /> appraisal that assumes that all liens and encumbrances on the property being sold <br /> that negatively affect the value of such property, will be paid and released, or (ii) <br /> 6 <br />