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Site. The word "Site" or "the Site" means the property commonly known as 7900 Sunwood <br />Drive NW, Suite 100-400, Ramsey, MN which property is located on the following legally <br />described parcel: <br />Lot 1, Block 1, Ramsey Town Center 3rd Addition, Anoka County, Minnesota. <br />Water Access Charge. The words "Water Access Charge" ("WAC") mean the fee required <br />by the City of Ramsey for properties to receive municipal through the said City's municipal <br />water system. The amount of WAC for the Project is $45,556,00. <br />RECIPIENT ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS BUSINESS <br />SUBSIDY AGREEMENT AND RECIPIENT AGREES TO ITS TERMS. THIS BUSINESS <br />SUBSIDY AGREEMENT IS DATED January / 5 , 2010. <br />Grantor: <br />By <br />Its Mayor <br />By <br />Its City Administrator <br />Recipient: _, <br />By ,.. <br />Its`"Chief Manaaer <br />6 <br />