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10-22-2001 Council Packet
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10-22-2001 Council Packet
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93 <br />9.4 <br />9.5 <br />9.6 <br />9.7 <br />9.8 <br />12 <br />12 <br />Pa\mcnls. 11 <br />Injunctive Relief. <br />Forbearance, it <br />Costs. 11 12 <br />Waiver of Default. <br />Tenant's Liability <br />ARTICLE 10. MISCELLANEOUS <br />lO.I Relationship. 12 <br />10.3 Captions. 12 <br />10.4 Time . 12 <br />10.5 Construction. 12 <br />11.6 Law. 12 13 <br />10.7 Bindim;. <br />10.8 Short Form. <br />10.9 Severability . <br />10.11 Interest Rate. <br />12 13 <br />12 13 <br />12 13 <br />13 <br />13 <br />EXHIBIT A Legal Description of the Development Property <br />EXHIBIT B Pennitted Encumbrances B-l <br />THIS GROUND LBASU, made on or as of the day of <br />November. 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"), a Minnesota limited liability company. <br />1 he Authority and Orono Senior Housing, LLC, in consideration of the <br />covenants herein contained, hereby agree as follows: <br />ARTICLE I <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 October Nercmber^, 2001 between the City, the Landlord and
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