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Construction Mortgage means the first lien mortgage on the Development Property that <br />Developer grants to a third party to secure the repayment of a Construction Loan; <br />Construction Plans means the plans, specifications, drawings and related documents for <br />the Minimum Improvements; <br />County means Anoka County, Minnesota; <br />Developer means F & C Ramsey, LLC, an Indiana limited liability company and any <br />successor in title to all or any portion of the Development Property; <br />Development District means the City's Development District No. 1; <br />Development Fees means the fees and charges payable to the City pursuant to Chapter <br />117 of the City's Ordinances in connection with City's approval of the plat of COR ONE. The <br />"Development Fees" are specifically identified on Exhibit G; <br />Development Program means the development program the City has approved for the <br />Development District; <br />Development Property means the portion of Lot 1, Block 1, Lot 2, Block 1 and Outlot A, <br />RAMSEY TOWN CENTER 5TH ADDITION, Anoka County, Minnesota depicted as Lot 3, <br />Block 1 on the Preliminary Plat of COR ONE, Anoka County, Minnesota that the City approved <br />on ,November 23, 2010 and all improvements constructed thereon; <br />Eligible Costs means the actual cost of performing the activities, constructing the <br />improvements, and paying the fees listed on the attached Exhibit J and the cost of any other <br />excavation, grading, footings, foundations, filling, landscaping, sod, lawn sprinklers, outdoor <br />lighting, fencing, curb and gutter, site concrete, utility improvements and extensions, and access <br />and parking preparations to be constructed or undertaken by Developer on the Development <br />Property; <br />Event of Default means any of the events described in Section 14.1; <br />Existing Parking Ramp means the approximately 590 stall public parking ramp located at <br />7650 Sunwood Drive, Ramsey, Minnesota; <br />Final Construction Plans means the Construction Plans that the City has approved <br />pursuant to Section 5.3; <br />Guarantor means Flaherty & Collins Construction, Inc., an Indiana Corporation; <br />Guaranty means the guaranty that the Guarantor executes in favor of the City to provide <br />security for the performance of Developer's obligations under the City Note. The form of <br />Guaranty is attached as Exhibit E; <br />HRA means The Housing and Redevelopment Authority in and for the city of Ramsey, <br />Minnesota, a public body politic incorporated under the laws of the State of Minnesota; <br />2695614v62 <br />1412/297/10 <br />3 <br />