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SECTION I. ~5IODIFIED DEVELOPMENT PROGRAM FOR DEVELOPMENT
<br /> ~ISTRICT NO. 1
<br />
<br />A. Definitit~ns.
<br />
<br /> For the P~urposes of the Development District Program and Tax Increment Plan, the
<br />following terms {hall have the meanings specified below, unless the context otherwise requires:
<br />
<br /> "Administrative Expenses" means all expenditures of the City other than amounts paid for
<br />the purchase of l~nd or amounts paid to contractors or others providing materials and services,
<br />including architectural and engineering services, directly connected with the physical development
<br />of real property lin the District, relocation benefits paid to, or services provided for, persons
<br />residing or busin{esses located in the District, or amounts used to pay interest on, fund a reserve
<br />for, or sell at a discount, bonds issued pursuant to {}469.178 of the TIF Act. Administrative
<br />expenses includo amounts paid for services provided by bond counsel, fiscal consultants and
<br /> £ .
<br />planning or econonnc development consultants;
<br />
<br /> "City" m~ans the City of Ramsey, a municipal corporation under the laws of the State of
<br />Minnesota; ~
<br />
<br /> "Comprellensive Plan" means the City's Comprehensive Plan, including the objectives,
<br />policies, standards and programs to guide public and private land use, development,
<br /> within the City;
<br /> lands and water
<br />redevelopment an~ preservation for all
<br />
<br /> "City Coui~cil" or "Council" means the Ramsey City Council;
<br />
<br /> "City Dev(~elopment District Act" or "Act" means Minnesota Statutes {}469.124 through
<br />{}469.134, as amended;
<br />
<br /> "County" fineans Anoka County, Minnesota;
<br />
<br /> "Development District" means Development District No. 1 which was created and
<br />established pursuant to and in accordance with the Municipal Development District Act on August
<br />27, 1985, and whit:h was expanded on June 30, 1986, and March 29, 1988;
<br />
<br /> "Developr~ent Program" or "Program" means the Development Program for Development
<br />District No. 1, inliially adopted by the Council on August 27, 1985, and modified on June 30,
<br />1986, August 12,[1986, June 9, 1987, August 11, 1987, March 29, 1988, April 26, 1988, July
<br />26, 1988, November 14, 1989, April 24, 1990, July 31, 1990 and March 8, 1994;
<br />
<br /> "Project" ~eans Development District No. 1, established pursuant to the City Development
<br />District Act;
<br />
<br /> "State" me~s the State of Minnesota;
<br />
<br /> "Tax Incre~-nent Bonds" means any general obligation or revenue tax increment bonds
<br />issued by the City io finance the public costs associated with Development District No. 1 as stated
<br />in the Program and, in the Tax Increment Financing Plan for the Tax Increment Financing Districts
<br />within Developme~it District No. 1 or any obligations issued to refund the Tax Increment Bonds;
<br /> 'Tax Increr~ent Financing District" means Tax Increment Financing District No. 1, which
<br />was created on At}gust 27, 1985, and expanded on August 12, 1986; Tax Increment Financing
<br />District No. 2, wl'iich was created on June 30, 1986, and expanded on March 29, 1988; Tax
<br />Increment DistrictiNo. 4, which was created on August 11, 1987, and expanded on March 29,
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