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CC_Minutes_2008_0908
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CC_Minutes_2008_0908
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10/20/2008 2:02:29 PM
Creation date
10/20/2008 1:56:54 PM
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Roseville City Council
Document Type
Council Minutes
Meeting Date
9/8/2008
Meeting Type
Regular
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B R I G G S AND M O R G A N <br />Chris Miller <br />September 5, 2008 <br />Page 2 <br />Pursuant to the Regulatory Agreement the Borrower must annually certify to the Trustee, <br />the City, and MuniMae Portfolio Services, LLC (the "Servicing Agent") that for 15 years it is in <br />compliance with the state rental rates required by the Regulatory Agreement. In addition, during <br />the term of the Regulatory Agreement on or before June 30 of each calendar year, the Borrower <br />must certify to the United States Treasury Department that the Project continues to meet the <br />requirements of Section 142(d) of the Code and must provide a copy of such annual certification <br />to the Trustee and the Servicing Agent. The Borrower must provide a similar certification to the <br />Trustee and City more frequently than annually (but not more frequently than quarterly} upon <br />request by the Trustee, the City or the Servicing Agent. <br />If you have any additional questions, do not hesitate to contact me. <br />Very truly yours, <br />~~~~~~-~ <br />MLUms <br />Mazy L. Ippei <br />z2a~s3o~~ <br />
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