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(1) Housing Plan. The development program for the HRA's Housing Project Area <br /> No. 1, which contains the TIF District. <br /> (m) HRA. The Orono Housing and Redevelopment Authority, and any successor <br /> to its functions. <br /> (n) Improvements. The 62-unit apartment building and appurtenant facilities <br /> described in the PUD Agreement. <br /> (o) Mortgage and Holder. The term "Mortgage" shall include the mortgages <br /> referenced in Article V of this Agreement and any other instrument creating an encumbrance <br /> or lien upon the Development or any part thereof as security for a loan. The term "Holder" in <br /> reference to a Mortgage includes any insurer or guarantor (other than the Developer) of any <br /> obligation or condition secured by such Mortgage or deed of trust. <br /> (p) Permitted Encumbrances. The encumbrances on the Development Property <br /> which are permitted to exist and the time the Development Property is conveyed to the HRA, <br /> which encumbrances shall consist only of and such other <br /> encumbrances as the City and HRA may approve in writing. <br /> (q) Project. The Development Property and the Improvements to be constructed <br /> thereon pursuant to this Agreement. <br /> (r) Project Costs. Project Costs means: <br /> (a) Costs incurred directly or indirectly for or in connection with the <br /> acquisition, construction, installation or equipping of the Project, including other costs <br /> incurred in respect of the Project for preliminary planning and studies; architectural, <br /> legal, engineering, accounting, consulting, development, supervisory and other <br /> services; land, labor, services and materials and recording of documents and title <br /> work. <br /> (b) Premiums attributable to any surety bonds and insurance required to be <br /> taken out and maintained during the construction period with respect to the <br /> Development Property and the Improvements. <br /> (c) Taxes, assessments and other governmental charges in respect of the <br /> Project that may become due and payable during the construction period. <br /> (d) Costs incurred directly or indirectly in seeking to enforce any remedy <br /> against any contractor or subcontractor in respect of any actual or claimed default <br /> under any contract relating to the Improvements. <br /> 4 <br />