Res_11365 - Laserfiche WebLink

Home

Item 81�: Attachment bonds and licenses which in the orciinary course of business would normally not be obtained until a later date. J. The State Entity shall have t�eceived evidence, in form and substance acceptable to the State Entity, that the Project was completed in a manner that will allow the Reai Property and, if applicable, Facility to be operated in the manner speciFied in Section 2.04, which requirement may be satisfied by a certiiicate of occupancy or such other equivalent document from the municipality in which the Real Property is located. K. The State Entity shall have received evidence, in form and substance acceptable to the State Entity, that the Public Entity has the abiliry and a plan to fund the operation of the Real Property and, if applicable, Facility in the manner specif ed in Section 2.04. L. The State Entity shall ha�e received evidence, in form and substance acceptable to the State Entity, that the insurance requirements under Section 7.01 ha��e been satisfied. M. The State Entity shall have received evidence, in form and substance acceptable to the State Entiry, of compliance with the provisions and requirements specified in Section 7.10 and a11 additional applicable provisions and reQuirements, if any, contained in Minn. Stat. � 16B.335, as it may be amended, modified or replaced from time to time. Such evidenee shall include, but not be limited to, evidence that: (i) the predesi�n packa�e referred to in Section 7.10.B has, if required, been reviewed by and received a favorable recommendation from the Commissioner of Administration for the State of Minnesota, (ii) the pro�ram plan and cost estimates referred to in Section 7.10.0 have, if required, received a recommendation bv the Chairs of the Minnesota State Senate Finance Committee and tilinnesota House of Representati�es �Vays and Nleans Committee, and (iii) the Chair and Rankin� ��Iinoi-iry �'I�mber of the 1��Iinnesota House of Representatives Capital In��estment Committee and the Chair and Ranking �Iinority Nlember of the ��Iinnesota Senate Capital Investment Committee have, if required, been notifled pursuant to Section 7.10.G. N. No Event of Default under this Agreement or event �vhich ��ould constitute an Event of Default but for the requirement that notice be �iven or that a period of �race or time elapse shall have occurred and be continuin;. O. The Public Entity has suppliecl to the State Entity al1 other items that the State Entity may reasonably require. Article �'II 1VIISCELLAI�IEOUS Section 7.01 Insurance. The Public Entity shall, upon acquisition of the ownership interest delineated in Section 2.02, insure the Facility, if such exists, in an amount equal to the full insurable value thereof (i) by self insuring under a program of self insurance legally adopted, maintained and adequately funded by the Public Entity, or (ii) by way of builders risk insurance and Eire and extended covera�e insurance with a deductible in an amount acceptable to the StaCe Entity under which the State Entity and the Public Entity are named as loss payees. If dama�es Generic GO Qond Proceeds 7:j. Grant AQreement for Proaram End Grants Ver— 6/30/l�