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2000-11-08 Packet
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2000-11-08 Packet
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CONSENT TO AMENDED NOTE <br /> WHEREAS, the undersigned entered into an Assignment of TIF Agreement dated as of <br /> October 24, 1995 (the "Assignment ") between the City of Centerville, Minnesota ( "City "), <br /> Northem Forest Products, L.L.C. ( "Borrower ") and Norwest Bank Minnesota ( "Lender "); and <br /> WHEREAS, is the successor in interest to Lender; and <br /> WHEREAS, under the Assignment the Borrower collaterally assigned to Lender the <br /> Borrower's interest in the Contract for Private Development between the City and the Developer <br /> dated as of October 24, 1995 ( "TIF Agreement ") and the $114,051.19 Tax Increment Revenue <br /> Note, Series 1995B (the "Original Note ") issued by the City to Borrower pursuant to the TIF <br /> Agreement; and <br /> WHEREAS, under the Assignment, the City agreed that no change to the TIF Agreement <br /> would be made without Lender consent; and <br /> WHEREAS, the City and Developer have agreed to modify the terms of the Original <br /> Note as described in the Amended and Restated Tax Increment Revenue Note, Series 1995 (the <br /> "Amended Note ") delivered to the Developer pursuant to a resolution approved by the City on <br /> Soptombor 13 November 8, 2000. <br /> NOW, THEREFORE, the Lender hereby represents to the Developer and the City that <br /> Lender consents to modification of the Original Note as evidenced by delivery of the Amended <br /> Note. <br /> DATED: , 2000 <br /> [NAME OF LENDER] <br /> By <br /> Its <br /> 5113- [84862v2 <br /> CE 155 -7 <br />
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