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1988_0411_packet
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1988_0411_packet
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12/2/2011 1:38:41 PM
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RESOLUTION NOa <br />I <br />WHEREAS Oa,kcrest Properties, a Minnesota partnership <br />(the Clolmplaniy"') has ag,reled to alcquire and complete the Project <br />f'riom the Prior Owner subject to the, indebtedness evidenced <br />� \tially by, the Prior Note which, simultaneously with such <br />zcquisi ion, shall, be refunded by the Series 1988A Bonds* and <br />WHEREAS, certiain remaining proceeds of the Prior Note <br />together wieth moneys clontributed \� $y the Company will be appiiete <br />A <br />to pay for costs of Completing the Prio3 I ect pursuant to a <br />Disburs,lLng Agreelmeint (as defined in the Loan Agreement); and <br />If <br />
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