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0 11 &1 <br />aid, of an uniderwrr,it,er,, and a trustee will hold funds and <br />accounts on behalf of the City for the construction of the <br />A <br />Project and payment of the Bonds,. The sale of the Bonds is <br />,.stimated to occur in, 191815. A further breakdown of the Projec <br />0 1 <br />costs to be paid fran the proceeds of the Bonds (including the, <br />Minnesota Housing Finance Agency* <br />One mortgage loan in the estimated amount of $1,900,000 <br />will be made in this program, and bonds in the estimated amount <br />of $1,9010,0010 will be required to finance such loano <br />1 11 be issued by the City after agreement is <br />The Biondis wl. I <br />reached on the terms of the Bonds and on the terms of the Bond <br />documents and related agreementse A trustee will generally <br />maintain the bond prolgram,t payingi Bondholders and enforcing <br />such agreements. The trustee will distribute Bond proceeds as <br />4D <br />I I a <br />Monitior3.,nlgi iMlementation by Program Partic nts <br />I <br />The Program, is designed • be consistent with the Plan ant <br />4 <br />it,s obil I ectiv,ese Federal requirements pertaining to rental <br />Lh4 I <br />