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<br />County means Sherburne County, Minnesota; <br />Developer means Scott Morrell, LLC, a Minnesota limited liability company, its <br />successors and assigns; <br />Event of Default means any of the events described in Section 4.1; <br />Project means the construction of an approximate 13,824 square foot manufacturing <br />facility to be located within the 2nd phase of the City’s Nature’s Edge Business Center located in <br />the City; <br />Morrell Oversize, Inc. means Morrell Oversize, Inc., a Minnesota corporation, its <br />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 Property means all and any portion of the real property currently <br />identified as Lot 1, Block 2, Natures Edge Business Center, Parcel ID # 75-820-0205, located in <br />the City; <br />Tax Abatements means the City’s share of annual real estate taxes on the Tax Abatement <br />Property, abated in accordance with the Tax Abatement Program. <br />464427v2 JSB EL185-33 <br />