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2012_0910_Packet as amended
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2012_0910_Packet as amended
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Attachment B <br />UNITED STATES OF AMERICA <br />STATE OF MINNESOTA <br />CITY OF ROSEVILLE <br />FIRST AMENDMENT TO HEALTH CARE FACILITIES REVENUE NOTE, <br />SERIES 2006 <br />(WINGSPAN PROJECT) <br />WHEREAS, on July 31, 2006, the City of Roseville, Minnesota (the “Issuer”) issued its <br />$1,100,000 Health Care Facilities Revenue Note, Series 2006 (Wingspan Project) (the “Series <br />2006 Note”) promising to pay Anchor Bank Heritage, N.A., now known as Anchor Bank, N.A. <br />(the “Lender”); and <br />WHEREAS, Anchor Bank Heritage, N.A. changed its name to Anchor Bank, N.A. as a <br />result of merger, consolidation, amendment to charter or articles of incorporation or association, <br />or conversion of articles of incorporation or charter from federal to state, state to federal, or from <br />one form of entity to another; and <br />WHEREAS, pursuant to a Loan Agreement (the “Loan Agreement”) dated July 31, 2006 <br />between the Issuer and Wingspan Life Resources, a Minnesota nonprofit corporation (the <br />“Borrower”), the Borrower agreed to repay the Note in specified amounts and at specified times <br />sufficient to pay in full when due the principal of, premium, if any, and interest on the Series <br />2006 Note; and <br />WHEREAS, pursuant to a Pledge Agreement (the “Pledge Agreement”) dated <br />July 31, 2006 between the Issuer and the Lender, the Issuer pledged and granted a security <br />interest in all of its rights, title, and interest in the Loan Agreement to the Lender (except for <br />certain rights of indemnification and to reimbursement for certain costs and expenses); and <br />WHEREAS, the Lender and the Borrower have informed the Issuer that they have agreed <br />to certain changes in the terms of the Series 2006 Note; and <br />WHEREAS, pursuant to a resolution of the Issuer adopted on September 10, 2012 (the <br />“Resolution”), the Issuer has agreed to the requested changes to the terms of the Series 2006 <br />Note; and <br />WHEREAS, this First Amendment is authorized to be attached to the Series 2006 Note to <br />evidence the amendments made hereby. <br />1.The name of the Lender in the Series 2006 Note is hereby amended to read <br />“Anchor Bank, N.A.” in all instances where it may appear. <br />2.The Series 2006 Note is hereby amended by changing the Final Maturity Date to <br />be September 17, 2024. <br />4914323v3 <br /> <br />
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