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warrants to the State Entity that it has, or will acquire, the following ownership interests in the <br />Real Property and, if applicable, Facility, and, in addition, that it possess, or will possess, all <br />easements necessary for the operation, maintenance and management of the Real Property and, if <br />applicable, Facility in the manner specified in Section 2.04: <br />(Check the appropriate box for the Real Property and, if applicable, for the Facility.) <br />Ownership Interest in the Real Property. <br />� Fee simple ownership of the Real Property. <br />� A Real Property/Facility Lease for the Real Property that complies with the <br />requirements contained in Section 2.06. <br />[If the term of the Real Property/Facility Lease is for a term authorized by a <br />Minnesota statute, rule or session law, then insert the citation at this point <br />� An easement for the Real Property (i) that is in form and substance <br />acceptable to the State Entity and the Commissioner, (ii) that is for a term <br />that is equal to or greater than 125% of the Useful Life of the Real Estate <br />and, if applicable, Facility, or for a term authorized by a Minnesota statute, <br />rule or session law, and (iii) which cannot be modified, restated, amended, <br />changed in any other way, or prematurely cancelled or terminated without <br />the prior written consent of the State Entity and the Commissioner. <br />[If the term of the easement is for a term authorized by a Minnesota statute, <br />rule or session law, then insert the citation at this point <br />.] <br />Ownership Interest in, if applicable, the Facility. <br />� Fee simple ownership of the Facility. <br />� A Real Property/Facility Lease for the Facility that complies with all of the <br />requirements contained in Section 2.06. <br />[If the term of the Real Property/Facility Lease is for a term authorized by a <br />Minnesota statute, rule or session law, then insert the citation at this point <br />.] <br />Section 2.03 Use of Grant Proceeds. The Public Entity shall use the Program Grant <br />solely to reimburse itself for expenditures it has already made, or will make, in the performance <br />of the following activities, and may not use the Program Grant for any other purpose. <br />(Check all appropriate boxes.) <br />� Acquisition of fee simple title to the Real Property. <br />Generic GO Bond Proceeds % Ver — 8/20/08 <br />Grant Agreement for ProgramConstruction Grants (Gnrc GO GA-Prgrm Cnstrctn Grnt) <br />RDGP-08-0029-o-FY09 <br />