CCP 06-02-2014 - Laserfiche WebLink

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ARTICLE I DEFINITIONS Section 1.1. Definitions. In this Agreement, unless a different meaning clearly appears from the context: "Act" means the Municipal Development Districts Act, Minnesota Statutes Sections 469.124 to 469.134, inclusive, as amended. "Agreement" means this Agreement, as the same may be from time to time modified, amended, or supplemented. "Business Subsidy" shall have the same definition as set forth in Minn. Stat. §I16J.993 and the City's Business Subsidy Plan. "Certificate of Completion" means a certification provided to the Owner and Redeveloper pursuant to Section 5.8 in the form of the certificate contained in Exhibit D. "City" means the City of New Brighton, Minnesota, its successors or assigns. "Closing" means the date the Redevelopment Property is conveyed by the City to the Owner as set forth in Section 4.2. "Closing Date" shall be five (5) days after the Owner has notified the City and the Redeveloper that the Owner's Closing Conditions set forth in Section 4.2(b) of this Agreement have been satisfied but in no event later than August 15, 2014. "Construction Plans" means the plans, specifications, drawings and related documents on the construction work to be performed by the Redeveloper on the Redevelopment Property which shall be as detailed as the plans, specifications, drawings and related documents which are submitted to the building official of the City, and shall include at least the following for each building: (1) site plan; (2) foundation plan; (3) floor plan for each floor; (4) elevations (all sides); (5) fagade and landscape plan; and (6) such other plans or supplements to the foregoing plans as the City may reasonably request. "Council" means the Council of the City. "County" means the County of Ramsey, Minnesota. "Development District" means Development District No. 1 created by the City pursuant to the Act through the adoption of the Program. "Environmental Reports" means the reports and other documents listed in Exhibit H. "Event of Default" means an event of default as defined in Section 7.1.