3.0.-5.0. EDSR 04-26-1993 - Laserfiche WebLink

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Article V of this Agreement and remaining after deducting all expenses (including fees and disbursements of counsel) incurred el° in the collection of such proceeds. "Project" means the Elk River Development Program, as modified. "Project Area" means the real property located within the boundaries of the Project. "Site Preparation" means those improvements made to and on the Property by Authority, including the completion of a survey and soil borings and analysis in preparation for construction on the Property. "Property" means the real property described in Schedule A of this Agreement. "Development Program" means the Development Program for the Project dated April 1, 1985, as amended. "State" means the State of Minnesota. "Tax Increment" means the portion of the real property taxes which is paid with respect to the Property and which is remitted to the EDA as tax increment pursuant to the Tax Increment Law. "Tax Increment District" means Tax Increment Financing District No. 9 as delineated in and established pursuant to the tax increment financing plan approved by the Authority and the Council and dated March 8, 1993. "Tax Increment Law" means Minnesota Statutes, Section 469.174 to 469 .179, as amended. "Tax Increment Plan" or "Plan" means the tax increment financing plan approved by the Authority and the Council and dated March 8, 1993. "Tax Official" means any City or County Assessor; County Auditor; City, County or State Board of Equalization, the commissioner of revenue of the State, or any State or Federal District Court, the Tax Court of the State, or the State Supreme Court. "Termination Date" means that date on which the Authority has received from the County sufficient tax increment to reimburse the Authority in full for its undertakings as set forth in Article III of this Agreement. "Unavoidable Delays" means delays which are the direct result of strikes, acts of God, other labor troubles, fire or any other casualty to the Minimum Improvements, litigation commenced by third parties which, by injunction or other similar judicial 3.