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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 D <br />TABLE OF CONTENTS <br />Page <br />Section 1. Definitions ........................................................................................................... 2 <br />Section 2. Representations by the Borrower ........................................................................ 5 <br />Section 3. Qualified Residential Rental Project ................................................................... 6 <br />Section 4. Low Income Tenants ........................................................................................... 8 <br />Section 5. Restrictions Imposed by Minnesota Statutes, Chapter 474A ............................ 11 <br />Section 6. Covenants Run with the Land ........................................................................... 12 <br />Section 7. Indemnification .................................................................................................. 12 <br />Section 8. Consideration ..................................................................................................... 12 <br />Section 9. Reliance ............................................................................................................. 12 <br />Section 10. Sale or Transfer of the Project ........................................................................... 13 <br />Section 11. Term .................................................................................................................. 13 <br />Section 12. Burden and Benefit ............................................................................................ 14 <br />Section 13. Enforcement ...................................................................................................... 14 <br />Section 14. The Fiscal Agent and the Governmental Lender ............................................... 15 <br />Section 15. Amendment ....................................................................................................... 15 <br />Section 16. Right of Access to the Project and Records ...................................................... 15 <br />Section 17. No Conflict with Other Documents ................................................................... 16 <br />Section 18. Severability ........................................................................................................ 16 <br />Section 19. Notices ............................................................................................................... 16 <br />Section 20. Governing Law .................................................................................................. 17 <br />Section 21. Payment of Fees ................................................................................................ 17 <br />Section 22. Limited Liability ................................................................................................ 17 <br />Section 23. Actions of Governmental Lender ...................................................................... 18 <br />Section 24. Counterparts ...................................................................................................... 18 <br />Section 25. Recording and Filing ......................................................................................... 18 <br />Section 26. Third-Party Beneficiary ..................................................................................... 19 <br />Section 27. Freddie Mac Rider ............................................................................................. 19 <br />Section 28. Amendment and Restatement; Recordation ...................................................... 19 <br />EXHIBIT A LEGAL DESCRIPTION OF LAND ............................................................... A-1 <br />EXHIBIT BÎ1 FORM OF INITIAL INCOME CERTIFICATION ..................................... B-1-1 <br /> -i- <br />12519391v3 <br /> <br />
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