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ARTICLE I <br />DEFINITIONS, EXHIBITS.. RULES OF INTERPRETATION, <br />Section 1.1 Definitions. In this Agreement, the -following terms have the following <br />respective meanings unless the context hereof clearly requires otherwise: <br />(a) Certificate of Completion. A certificate in the form of Exhibit E to this agreement <br />to be issued by the City to the Developer upon substantial completion of the minimum <br />improvements <br />(b) <br />(c) <br />City. The City of Ramsey, Anoka County, Minnesota. <br />Closing Date. June 5, 2000 or such earlier date on which the parties may agree. <br />(d) Construction Plans, Collectively, the plans, drawings, and related documents <br />described in Exhibit B to this agreement. <br />(c) <br />(0 <br />Developer. H & P Development L.L.C., a Minnesota Limited Liability Company. <br />Development Property. The property legally described in Exhibit A hereto. <br />(g) Development District ("District"). DeveIopment District No. 1, created by the City <br />pursuant to M.S, §469.124 through §469.134 and described in the Program adopted therefore. <br />(h) Development District Program ("Program"). The plan for development of the <br />District adopted by the City pursuant to M.S. §469.124 through §469.134. <br />(i) Holder. The owner of a Mortgage. <br />(j) Market Value. The market value of the Development Property as determined by <br />the County Assessor in accordance with M.S. §273.11 (or as finally adjusted by an assessor, <br />board of equalization. commissioner of revenue, or any court). <br />(k) Maturity Date. The earlier of (i) December 31, 2012 and (ii) the date all financial <br />assistance provided by the City described in Section 2.2(i) has been recovered from Tax <br />Increments generated by the Development Property. <br />(1) Minimum Improvements. The office and warehouse/manufacturing building to be <br />constructed by Developer in accordance with the Construction Plans. <br />(m) Minimum Market Value. The minimum market value for the development <br />property as set forth in Section 6.1 hereof. <br />(n) Mortgage. The mortgage references in Article V17 of this Agreement and any deed <br />of (rust or other instrument creating an encumbrance or lien upon the Development Property or <br />any part thereof, as security for a loan, <br />