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10-22-2001 Council Packet
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10-22-2001 Council Packet
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pa> ing agcni, the registrar and the authenticating agent properly incurred under <br />the rinajicing D^Kuments that may become due and p»iyable during the <br />construction period. <br />(0 Any other costs, expenses, fees and charges properly chargeable <br />to the cost of acquisition, construction, installation and equipping of the <br />Project. <br />t / (s) PUD Aercement . 1 he ? > ^ ^ & Agreement dated <br />between the Developer aqd the City relating to development of the <br />/ development Property tihd an adjacent parc^jas a planned unit development. <br />(i) Subordinate llousine Note. The Subordinate Mullifamily Senior <br />Housing Note (Orono Woods Project). Series 2001C to be issued pursuant to Section <br />3.1 hereof and the financing Documents. <br />(u) Tax Increment Financine District (TIP District). Tax Increment <br />Financing District No. I-I consisting of the Development Parcel, created by the HRA <br />pursuant to tlie TIF .Act and described in the TIF Plan adopted therefor. <br />(v) Tax Increment Financing Plan (TIF Plan). The plan for development of <br />the Til District adopted by the IIR/\ pursuant to the 1 IF Act. <br />(w) Tax Increment Note or TIF Note. The Note to be issued by the HRA <br />pursuant to Section 6.1 hereof and which is substantially in the form of l-xhibit C <br />hereto. <br />(x) Term. The period beginning on the date of this Agreement and ending <br />on the February ’ I. 2022: provided, however, that the I erm shall not extend beyond <br />the termination date of the 'MF District under the TIF Act or the dale, if any, of <br />cancellation or recission of this Agreement under Section 7.2(a) hereof <br />(y) TIF Act. Minnesota Statutes. Sections 469.1 74 through 469.179. <br />(z) Unavoidable Delays . Delays which are the direct result of strikes, fire, <br />war. material shortage, causes beyond the party ’s control or other casualty, or acts of <br />any federal, stale or local government unit, e.xcepi those acts anticipated or <br />contemplated under this Agreement. <br />Sectii>n 1,2 Fxhibits. The following Fxhibits are attached to and by reference <br />made a part of this Agreement: <br />A. Development Property <br />Ground Lease <br />Tax Increment Note <br />Certificate of Completion <br />Form of Income Certification <br />B. <br />C. <br />D. <br />n. <br />, »
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