10-22-2001 Council Packet - Laserfiche WebLink

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ARTICLE I. nnriNn IONS. nxiiimTs, rules oi- interpretation Section 1.1 Definitions. In this Agreement, the following terms have the following respective meanings unless the context hereof clearly requires otherwise (a) Acts. MinnesotaStatutes, Sections 469.001 through 469.047 and 469.174 through 469.179. (b) Certificate of Completion. The certificate of completion set forth in Exhibit D hereto. (c) City, nie City of Orono, 1 Icnnepin County, Minnesota. (d) Completion Year. The earlier of (I) the year 2002 and (2) the year (if any) in which the C'ertilicate of Completii'n for the ImproNcments is • .sued. (e) Pe\ eloper. Orono Senior Housing, Ll.C. a Minnesota limited liability company, its successors and assigns. (0 Development. Die Development Property and the Improv ements to be constructed thereon by the Developer in accordance with the terms of this Agreement, as they may at any time exist. (g) Development Property. The real property w hich is the site of the Improvements, a!i legally described in E.xhibit A hereto. (h) Event of Default. An Event of Default, as defined in Section 7.1. (i) Financing DocunH?nts. Die follow ing documents to be e.xecuted mid deliv ered in connection vv ith the issumice and sale of the Housing Uonds and the Subordinate Housing Note: _______________________________________ (j) Ciround Lease. The Ground 1.ea.se alt.iched as l-ixhibit D hereto, us the same may be amended from time to time. (k) Housing Bonds. The Multifamily Se. ior Housing Rev enue Bonds (Orono Woods Project). Series 2001A and the Taxable Multifamily Senior Housing Revenue Bonds. Series 200 IB to be issued pursuant to Section 3.1 hereof and the Financing Documents. (l) Housing Plan, llic development program for the HR/\’s Housing Project Area No. I. which contains the TIF District. (in) HRA. The Orono 1 lousing and Redevelopment Authority, and any successor to its functions.