7.1. SR 07-07-2014 - Laserfiche WebLink

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I. DEFINITIONS The terms defined below have, for purposes of this Redevelopment Plan. the meanings herein specified,unless the context specifically requires otherwise: "City"means the City of Elk River, Minnesota. "City Council"means the City Council of the City. "County"means Sherburne County, Minnesota. "Governing Body"means the duly elected City Council. "HRA" means the Housing and Redevelopment Authority in and for the City of Elk River, Minnesota. "HRA Act"means Minnesota Statutes, Sections 469.001 to 469.047. "Project Area" means the area within the boundaries of the Redevelopment Project as shown in Exhibit A. "Public Redevelopment Costs"means all legally permissible costs incurred or to be incurred by or on behalf of the HRA in carrying out this Redevelopment Plan, including but not limited to: (a) the costs of any redevelopment activities consistent with this Redevelopment Plan or the Program Procedures as originally adopted or subsequently amended; (b) costs of administering the Program and the Redevelopment Project; and(c) debt service payments on any obligations issued to finance Public Costs authorized by the Redevelopment Plan. "Program" means a program to assist in the rehabilitation of owner-occupied single- family homes by making loans to qualifying homeowners in a targeted area in the City pursuant to the Program Procedures. "Program Procedures" means the Elk River HRA Owner-Occupied Housing Rehabilitation Program Policies and Procedures adopted by the HRA on the date hereof, as amended from time to time. "Redevelopment Plan" means this Redevelopment Plan for the Redevelopment Project, dated July 7,2014,as it may be amended or supplemented from time to time. "Redevelopment Project" means the target area for the Program, the boundaries of which are described and depicted on the attached Exhibit A. "State"means the State of Minnesota. 444465v2 JSB ELI 85-26 2