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County means Sherburne County, Minnesota; <br /> Developer means GATR of Sauk Rapids, Inc., a Minnesota corporation, its successors <br /> and assigns; <br /> Event of Default means any of the events described in Section 4.1; <br /> Project means the construction of an approximate 42,912 square foot full service heavy <br /> and medium truck dealership to be located within the 2nd phase of the City's Nature's Edge <br /> Business Center located in the City; <br /> RAN Properties means RAN Properties, L.L.C., a Minnesota limited liability company, <br /> its successors and assigns; <br /> State means the State of Minnesota; <br /> Tax Abatement Act means Minnesota Statutes, Sections 469.1812 through 469.1815; <br /> Tax Abatement Program means the actions by the City pursuant to Minnesota Statutes, <br /> Section 469.1812 through 469.1815, as amended, and undertaken in support of the Project; <br /> Tax Abatement Propert y means all and any portion of the real property currently <br /> identified as Lots 1 and 2, Block 1, 2nd Phase Nature's Edge Business Park, Parcel ID # 75-828- <br /> 0110, located in the City; <br /> Tax Abatements means the City's share of annual real estate taxes on the Tax Abatement <br /> Property above the current land value of$7,500, abated in accordance with the Tax Abatement <br /> Program. <br /> 4613440 JSB EL185-32 <br />