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<br />SECTION I.i MODIFIED DEVELOPMENT PROGRAM FOR DEVELOPMENT
<br /> DISTRICT NO. I
<br />
<br />A. Definitions.
<br />
<br /> For the ipurposes of the Development District Program and Tax Increment Financing Plan,
<br />the following t ,~rms shall have the meanings specified below, unless the context otherwise requires:
<br />
<br /> "Admkgistrative Expenses" means all expenditures of the City other than mounts paid for
<br />the purchase oF land or mounts paid to contractors or others prodding materials and services,
<br />including archi~.,ctural and engineering services, directly connected with the physical:development
<br />of real proper~, in the District, relocation benefits paid to, or services provided for, persons
<br />residing or businesses located in the District, or amounts used to pay interest on, fund a reserve
<br />for, or sell at ~ discount, bonds issued pursuant to §469.178 of the TIF Act. Administrative
<br />expenses inclugle ?ounts paid for services provided by bond counsel, fiscal consultants and
<br />planning or ecohonmc development consultants;
<br />
<br /> "City" means the City of Ramsey, a municipal corporation under the laws of the State of
<br />Minnesota;
<br />
<br /> "Compgehensive Plan" me~s the City's Comprehensive Plan, including the objectives,
<br />policies, standards and programs to guide public and private land use, development,
<br />redevelopment ~nd preservation for all lands and water within the City;
<br />
<br /> "City COuncil" or "Council" means the Ramsey City Council;
<br />
<br /> "City Development District Act" or "Act" means Minnesota Statutes §469.124 through
<br />§469.134, as amended;
<br />
<br />"Count~" means Anoka County, Minnesota;
<br />
<br /> "DevelOpment District" means Development District No. 1 which was created and
<br />established purauant to and in accordance with the Municipal Development District Act on August
<br />27, 1985, and v~hich was expanded on June 30, 1986, March 29, 1988, and December 13, 1994;
<br />
<br /> "Development Program" or "Program" means the Development Program for Development
<br />District No. 1, ~itially adopted by the Council on August 27, 1985, and modified on June 30,
<br />1986, August 1!2, 1986, June 9, 1987, August 11, 1987, March 29, 1988, April 26, 1988, July
<br />26, 1988, Nov~'~nber 14, I989, April 24, 1990, July 31, 1990, March 8, 1994, and December 13,
<br />1994;
<br />
<br /> "Project!' means Development District No. 1, established pursuant to the City Development
<br />District Act; [
<br />
<br />"State" means the State of Minnesota;
<br />
<br /> "Tax InCrement Bonds" means any general obligation or revenue tax increment bonds
<br />issued by the C~ty to finance the public costs associated with Development District No. 1 as stated
<br />in the Program ~nd in the Tax Increment Financing Plan for the Tax Increment Financing Districts
<br />within DevelopCent District No. I or any obligations issued to refund the Tax Increment Bonds;
<br />
<br /> "Tax Inarement Financing District" means Tax Increment Financing District No. 1, which
<br />was created on[August 27, 1985, and expanded on August 12, 1986; Tax Increment Financing
<br />District No. 2, ;which was created on June 30, 1986, and expanded on March 29, 1988; Tax
<br />
<br />Printed 8/11/95 Page 3 Draft
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