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2012_0910_Packet as amended
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2012_0910_Packet as amended
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Attachment D <br />City of Roseville, Minnesota <br />First Amendment to <br />Health Care Facilities Revenue Note, Series 2006 <br />(Wingspan Project) <br />GENERAL AND NONARBITRAGE CERTIFICATE <br />The undersigned Mayor and City Manager of the City of Roseville, Minnesota, a <br />municipal corporation under the Constitution and laws of the State of Minnesota(the "City"), <br />acting for the City, do hereby certify and request as follows: <br />1.Introduction. This Certificate relates to the amendment to the City’s $1,100,000 <br />Health Care Facilities Revenue Note, Series 2006 (Wingspan Project) (the "Note"), dated <br />July 31, 2006, originally sold to Anchor Bank Heritage, N.A., now known as Anchor Bank, <br />N.A., in Arden Hills, Minnesota (the "Lender"). The proceeds of the Note were loaned to <br />Wingspan Life Resources, a Minnesota nonprofit corporation (the "Borrower") to finance or <br />refinance (i) the acquisition and equipping of a four-bed facility located at 85 West Congress <br />Street and a 6-bed facility located at 2134 Marshall Avenue in Saint Paul, Minnesota, including <br />related vehicles and furnishings (the "Saint Paul Project"), (ii) the acquisition and renovation of a <br />6-bed facility located at 2209 West 91-1/2 Street in Bloomington, Minnesota, including related <br />vehicles and furnishings (the "Bloomington Project"), and (iii) the improvement and equipping <br />of a 4-bed facility located at 2949 Woodbridge Street in Roseville, Minnesota, including related <br />vehicles and furnishings (the "Roseville Project", and together with the Bloomington Project and <br />the Saint Paul Project, the "Project"), which facilities are owned and operated by the Borrower . <br />2.The Note. The City loaned the proceeds of the Note to the Borrower pursuant to <br />a Loan Agreement, dated July 31, 2006 (the "Loan Agreement") between the City and the <br />Borrower, and 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 Note. The <br />Note was issued pursuant to a resolution adopted by the City on June 12, 2006 (the "Final <br />Resolution"). To secure payment of the Note, the City and the Lender entered into a Pledge <br />Agreement dated as of July 31, 2006 (the "Pledge Agreement"). <br />3.The Amendment. The Lender and the Borrower have informed the City that they <br />have agreed to certain changes in the terms of the Note and have requested that the City enter <br />into a First Amendment to Health Care Facilities Revenue Note, Series 2006 (Wingspan Project) <br />(the “Note Amendment”) and a First Amendment to Loan Agreement (the “Loan Agreement <br />Amendment”). The Note Amendment will be issued pursuant to a resolution adopted by the City <br />on September 10, 2012 (the “Amendment Resolution”). <br />4.Terms; Headings. All terms capitalized but not otherwise defined herein shall <br />have the meanings given such terms in the Final Resolution, the Amendment Resolution, and the <br />Loan Agreement. Paragraph headings herein are for convenience of reference only, and are not a <br />part hereof. <br />4914665v1 <br /> <br />
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