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Development Agreement relating to Orono Woods Apartments 4-30-01
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2040 Wayzata Boulevard West - 34-118-23-21-0036 - (Orono HRA)
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Development Agreement relating to Orono Woods Apartments 4-30-01
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Last modified
8/22/2023 4:55:41 PM
Creation date
10/18/2021 10:32:45 AM
Metadata
Fields
Template:
x Address Old
House Number
2040
Street Name
Wayzata
Street Type
Boulevard
Street Direction
West
Address
2040 Wayzata Boulevard West
Document Type
Land Use
PIN
3411823210036
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Updated
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10.5 Forbearance. 15 <br /> 10.6 Costs. 15 <br /> 10.7 Waiver of Default. 15 <br /> 10.8 Tenant's Liability 16 <br /> ARTICLE 11 - MISCELLANEOUS 1611.1 Relationship.16 <br /> 11.2 Number and Gender. 16 <br /> 11.3 Captions. 16 <br /> 11.4 Time. 16 <br /> 11.6 Construction. 16 <br /> 11.7 Law. 16 <br /> 11.8 Binding. 16 <br /> 11.9 Short Form. 16 <br /> 11.10 Severability. 16 <br /> 11.11 Counterparts. 17 <br /> 11.12 Interest Rate. 17 <br /> EXHIBIT A Legal Description of the Development Property <br /> EXHIBIT B Permitted Encumbrances <br /> THIS GROUND LEASE, made on or as of the day of <br /> 2001, by and between ORONO HOUSING AND REDEVELOPMENT <br /> AUTHORITY, a public body corporate and politic and a governmental subdivision <br /> under Minnesota law, and ORONO SENIOR HOUSING, LLC ("ORONO SENIOR <br /> HOUSING, LLC"). <br /> The Authority and Orono Senior Housing, LLC, in consideration of the <br /> covenants herein contained, hereby agree as follows: <br /> ARTICLE 1 <br /> DEFINITIONSARTICLE 1 <br /> DEFINITIONS <br /> 1.1 Definitions. In this Lease: <br /> "City" means the City of Orono, Minnesota. <br /> "Commencement Date" means that date upon which all of the parties <br /> hereto have executed this Lease. <br /> "Development" means the Development Property and the <br /> Improvements to be constructed pursuant to the Development <br /> Agreement. <br /> "Development Agreement" means the Development Agreement dated <br /> as of June_, 2001 between the City, the Landlord, the Tenant and <br /> Dunbar Development Corporation. <br /> "Development Property" means the real property that is the subject of <br />
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