10-08-2001 Council Packet - Laserfiche WebLink

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1 HRA and the fees and expenses of the irusiee, ihe pa>4ng agent, the registrar and the authenticating agent properly incurred under the Financing Documents that may become due and payable during the construction period. (0 Any other costs, expenses, fees and charges properly chargeable to the cost of acquisition, construction, installation and equipping of the Project. PUD Agreement. The Agreement dated 2001 between the Developer and the City relating to development of the Development Property and an adjacent parcel as a planned unit development. (t) Subordinate Housing Note . The Subordinate Multifamily' Senior Housing Note (Orono Woods Project), Scries 2001C to be issued pursuant to Section 3.1 hereof and the Financing £>ocuments. (u) Tax Increment Financing District fTIF Districtl. Ta.x Increment Financing District No. 1-1 consisting of the Development Parcel, created by the I IRA pursuant to the TIF Act and described in the TIF Plan adopted therefor. (v) Tax Increment Financing Plan (TIF PlanV The plan for development of the TIF District adopted by the HRA pursuant to the TIF Act. (w) Tax Increment Note or TIF Note . The Note to be issued by the HRA pursuant to Section 6.1 hereof and w hich is substantially in the form of IZxhibit C hereto. (x) Term. The period beginning on the date of this Agreement and ending on the Februao ’ 1* 2022; provided, however, that the Term shall not extend beyond the termination dale of the TIF District under the TIF Act or the date, if any, of cancellation or recission of this Agreement under Section 7.2(a) hereof. (y) TIF Act. Minnesota Statutes, Sections 469.174 through 469.179. (z) llnavoidable Delays. Delays which arc the direct result of strikes, fire, w ar, material shortage, causes beyond the party’s control or other casualty, or acts of any federal, state or local government unit, except those acts anticipated or contemplated under this Agreement.