10-22-2001 Council Packet - Laserfiche WebLink

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ARTICLE I. DEFINITIONS. EXHIBITS. RITI ES OF INTERPRETATION Section 1.1 Definitions. In this Agreement, the following tenr.s have the following respective meanings unless the context hereof clearly requires othenvise: (a) .Acts. Minnesota Statutes, Sections 469.001 through 469.047 and 469.174 through 469.179. (b) Exhibit D hereto. ). lltc certificate of completion set forth in (c) City. The City of Orono, I lennepin County, Minnesota. (d) Completion Year. The earlier of (I) the year 2002 and (2) the year (if any) in which tlie Certificate of Completion for tlic Impro\ cments is • .sued. (e) De\cU>per. Orono Seni«ir Mousing, I.I.C, a Minnesota limited liability company, its successors and assigns. (0 Deselopment. The Development Property and the Improvements to be constructed thereon by the Developer in accordance w ith the terms of this Agreement, as they may at any time exist. (g) Develonment Property. The real property which is the site of the Improvements, os legally described in E.xhibit A hereto. (h) Event of Default. An Event of Default, os defined in Section 7.1. (i) l inancing PocunKMits. Ilie following diKuments to be c.xecuted and delivered in connection w ith the issuance and sale of the Housing Uonds and the Subordinate Housing Note: ________________________________________. (j) Ground Lease. The Ground Lease atl.uhcd as Exhibit B hereto, as the same may be amended from time to time. (k) I lousing Bonds. The Multifamily Se..ior Housing Revenue Bonds (Orono Woods Project), Scries 2001 .A and the l axable Multifamily Senior Housing Revenue Bonds, Series 2001B to be issued pursuant to Section 3.1 hereof and the Financing Documerts. (l) Housing Plan. The development program for the I IRA’s 1 lousing Project Area No. I, which contains the flF District. (m) HRA. The Orono Housing and Redevelopment Authority, and any successor to its functions.