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issued to finance the acquisition and renovation of a 75-unit multifamily housing development comprised of 2 buildings located at 4599 and 4601 Shoreline Drive and 2380 Island Drive in Spring Park Facilities") and (b) refund the (the "Park Hill Apartments") and to refinance the acquisition and renovation of a 51-unit multifamily housing development comprised of 3 buildings located at 4579, 4589, and 4599 Shoreline Drive in the City (the "Shoreview Apartments") (together, the "Spring Park Portion"); and (iii) refund a portion of the outstanding City of Arden Hills, Minnesota Health Care and Housing Revenue Refunding Health Care and Housing Revenue Refunding Bonds (Presbyterian HomeHomes of Arden Hills, Inc. Project), Series 1999B, (the "Series 1999B Bonds"), which were issued to finance and refinance the acquisition,the renovation and improvement of the approximately 192-bed skilled nursing facility located at 4527 Shoreline Drive in Spring Park and also were used to finance the costs of the refinancing, acquisition, construction, or renovation of certain housing and health care and housing facilities located in Ankeny, Iowa, Spring Park, Minnesota, in the Cities of Arden Hills, Minnesota and (the "Arden Hills Portion"), Bloomington, Minnesota and refund the outstanding City of Spring Park Multifamily Housing Revenue Bonds (Presbyterian Homes Housing and Assisted Living, Inc. Project) Series 2007, which were issued to finance the acquisition of certain health care and housing facilities located in Spring Park., and Ankeny, Iowa (the "Ankeny Portion") (collectively, the "Project"). The Spring Park Portion is owned and operated by the Borrower. The Arden Hills Portion of the Project is owned and operated by Presbyterian Homes of Arden Hills, Inc., an affiliate of Presbyterian Homes and Services. The Ankeny Portion of the Project is owned and operated by Presbyterian Homes Mill Pond Care Center, Inc., an affiliate of Presbyterian Homes and Services; 6.Spring Park, the City in which a portion of the NoteSeries 2010 proceeds will bewere used for a housing project, has adopted a housing program (the "Spring Park Program") which describes the housing development to be financedrefinanced by the Borrower in Spring Park. 6.7.Arden Hills has adopted a housing program (the "Arden Hills Program") which describes the Arden Hills Portion of the Project. 8.Each Cityof Chanhassen and St. Bonifacius hereby adopt the Spring Park Program and the Arden Hills Program. 7.9.Each of Arden Hills, Ankeny, and Sprung Park will adopt a resolution evidencing its intent to enter into this Agreement, and granting host approval (or, in the case of Spring Park, granting approval) of the issuance of the NoteNotes as required under the Internal Revenue Code of 1986, as amended. (the "Code"). 10.Spring ParkEach of the Issuers will adopt a resolution evidencing its intent to enter into this Agreement and granting approval for the issuance of its respective Note required under the Code. 8.11.The Issuers shall exercise the powers of the Housing Programs Act by adopting, approving and executing such resolutions, documents, and agreements as shall be necessary or convenient to authorize, issue, and sell the NoteNotes and such other resolutions, documents, and agreements as shall be necessary or required in connection with the issuance of the NoteNotes and giving effect to or carrying out the provisions of this Agreement and documents under which the Note isNotes are issued and/or secured. S-2 6140728vDOC