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2020_0518_CCPacket
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2020_0518_CCPacket
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1/7/2022 9:35:26 AM
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Roseville City Council
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Council Agenda/Packets
Meeting Date
5/18/2020
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Attachment B <br />Lender Representative upon the occurrence of the Conversion Date and Freddie Mac shall become <br />the Funding Lender Representative upon the occurrence of the Freddie Mac Purchase Date. <br />Ð Funding Loan Ñ means the loan in the maximum aggregate principal amount of <br />$34,000,000 made to the Governmental Lender pursuant to this Funding Loan Agreement by the <br />Initial Funding Lender. <br />ÐGovernment ObligationsÑ means investments meeting the requirements of clause (a) or <br />(b) of the definition of ÐQualified InvestmentsÑ herein. <br />ÐGovernmental LenderÑ means the City of Roseville, Minnesota, a statutory city, <br />municipal corporation, and political subdivision duly organized and existing under the <br />Constitution and laws of the State. <br />ÐGovernmental Lender FeeÑ means the financing fee in the amount of one percent (1.0%) <br />of the principal amount of the Governmental Note, $43,468.52 of which has heretofore been paid <br />and the remainder of which is to be paid on or before the Delivery Date. <br />ÐGovernmental NoteÑ means the Multifamily Note with designation as Multifamily <br />Housing Revenue Refunding Note (Twin Lakes Family Apartments Project), Series 2020 in the <br />maximum aggregate principal amount of $34,000,000, dated the Delivery Date, executed by the <br />Governmental Lender and authenticated by the Fiscal Agent in favor of the Initial Funding Lender <br />(or at the direction of Initial Funding Lender, in fabor of a custodian acting in a custodial capacity <br />on behalf of Initial Funding Lender), substantially in the form attached hereto as Exhibit A, as the <br />same may be amended, restated, supplemented, or otherwise modified from time to time, or any <br />mortgage note executed in substitution therefor, as such substitute note may be amended, restated, <br />supplemented, or otherwise modified from time to time. <br />Ð Governmental Note Amortization Schedule Ñ means the Governmental Note Amortization <br />Schedule attached as Schedule 1 to the Governmental Note, if applicable. <br />ÐGuideÑ means the Freddie Mac Multifamily Seller/Servicer Guide, as the same may be <br />amended, modified or supplemented from time to time. <br />Ð Initial Debt Service Deposit Ñ means $0.00. <br />Ð Initial Funding Lender Ñ means America First Multifamily Investors, LP, a Delaware <br />limited partnership, as initial holder of the Governmental Note (who may initially hold the <br />Governmental Note in the name of a custodian acting in a custodial capacity on behalf thereof). <br />ÐInterest Payment DateÑ means (i) the first day of each calendar month, commencing <br />__________1, 2020, (ii) the date of any prepayment of the Funding Loan, but only with respect to <br />the portion of the Funding Loan subject to prepayment, and (iii) the Maturity Date. <br />Ð Investment Income Ñ means the earnings and profits derived from the investment of money <br />pursuant to Section 4.08 hereof. <br /> 10 <br />12502516v3 <br /> <br />
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