Laserfiche WebLink
<br />EXHIBIT A <br /> <br />FORM OF AMENDED NOTE 2 <br /> <br />UNITED STATES OF AMERICA <br />STATE OF MINNESOTA <br />COUNTY OF ANOKA <br /> <br />No. R-l <br /> <br />$114,051.19 <br /> <br />AMENDED AND RESTATED <br />T AX INCREMENT REVENUE NOTE <br />SERIES 1995B <br /> <br />Rate <br /> <br />Date <br />of Original Issue <br /> <br />8.50% <br /> <br />November 1, 1995 <br /> <br />The City of Centerville, Minnesota (the "City"), for value received, certifies that it is <br />. indebted and hereby promises to pay to Northern Forest Products, L.L.C., or registered assigns (the <br />"Owner"), the principal sum of $114,051.19 and to pay interest thereon at the rate of 8.50% per <br />annum, as and to the extent set forth herein. <br /> <br />1. Payments. Principal and interest shall be paid in installments on November 15, 2000 <br />and on each February 1 and August thereafter to and including February 1, 2006 ("Payment Dates"), <br />which payments will be made in the amount of and solely from Available Tax Increment as <br />hereinafter defined. Payments shall be applied first to accrued interest, and then to unpaid principal. <br /> <br />Payments are payable by mail to the address of the Owner or such other address as the <br />Owner may designate upon 30 days written notice to the City. Payments on this Note are payable in <br />any coin or currency of the United Sates of America which, on the Payment Date, is legal tender for <br />the payment of public and private debts. <br /> <br />2. Interest. Interest at the rate stated herein shall accrue on the unpaid principal, <br />commencing on the date of original issue. Interest shall be computed on the basis of a year of 360 <br />days and charged for actual days principal is unpaid. Unpaid interest shall be added to principal <br />semi-annually on each February 1 and August 1 through August 1,2000. <br /> <br />3. Available Tax Increment. Payments on this Note are payable solely from "Available <br />Tax Increment," which means: <br /> <br />(a) on the November 15,2000 Payment Date, 100 percent of the Tax Increment generated <br />from the Property that was received by the City as of that Payment Date and not applied to any prior <br />payment of this Note (before or after amendment thereot) or any prior payment of the City's <br />$32,250 Tax Increment Revenue Note, Series 1995A ("Note 1 "); provided that the payment on <br /> <br />SJB-184817v3 <br /> <br />C'.F.l ,,_7 <br /> <br />A-l <br />