2007-05-23 CC Set Agenda & Handouts

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[1g Fee simple title to the Real Property, and if applicable, the Facility; D A lease on the Real Property, in form and substance acceptable to the State Entity, for a term of at least 50 years which cannot be prematurely cancelled or terminated without the prior written consent of the State Entity, and, if applicable, either fee simple title to the Facility or a lease therefore for a term of at least 50 years which cannot be prematurely cancelled . or terminated without the prior written consent of the State Entity; or [1g An easement on the Real Property, in form and substance acceptable to the State Entity, for a term of at least 50 years which cannot be prematurely cancelled or terminated without the prior written consent of the State Entity, and, if applicable, either fee simple title to the Facility or a lease therefore for a term of at least 50 years which cannot be prematurely cancelled or terminated without the prior written consent of the State Entity; . and such interests are or will.be subject only to those easements, covenants, conditions and restrictions that will not materially interfere with the completion of the Project and the intended operation and use of the Real Property and, if applicable, the Facility, or those easements, covenants, conditions and restrictions which are specifically. consented to, in writing, by the State Entity. N. It will fully enforce the terms and conditions contained in any Use Contract. o. It has complied with the matching funds reqUirement, if any, contained in Section 6.23. P. It will supply, or cause to be supplied, whatever funds are needed above and beyond the amount of the Grant to complete and fully pay for the Project. Q. The Project will be completed substantially in accordance with the Construction Contract Documents by the Completion Date, and will be situated entirely on the Real Property. R. It will require the Contractor or Contractors to comply with all rules, regulations, ordinances, and laws bearing on its conduct of work on the Proj ect. S. It will not allow any lien or encumbrance that is prior and superior to the Declaration to be created on or imposed upon the Real Property, whether such lien or encumbrance is voluntary or involuntary and including but not limited to a mechanic's lien or a mortgage lien, without the prior written coIi.s~t of both the State Entity and the Commissioner of Finance. Generic GO Bond Proceeds Grant Agreement for Construction Grants 7 . RDGP-07-OO04-0-FY07 Ver-11J2006 (Gnrc GO GA-Cnstrctn Gmt)