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Attachment B <br />payment, without interest thereon. Nothing in this Section 6.6(b) shall be construed to relieve the <br />obligation of the Association to make any payment required under Section 6.6(a) hereof. <br />Section 6.7. Association to Maintain its E�stence. The Association agrees that, so long as <br />the Bonds are outstanding, it will maintain its existence as a nonprofit corporation under the laws of <br />Minnesota; will not dissolve or otherwise dispose of all or substantially all of its assets; and will not <br />consolidate with or merge into another corporation or permit one or more other corporations to <br />consolidate with or merge into it. <br />Section 6.8. Prohibition A�ainst Assi�nment of A�reement. The Association represents <br />and agrees that prior to the Maturity Date the Association has not made or created and will not make <br />or create or suffer to be made or created any total or partial sale, assignment, conveyance, or any <br />trust or power, or transfer in any other mode or form of or with respect to the Association's rights, <br />interests or obligations under this Agreement or any part thereof, or any contract or agreement to do <br />any of the same, without the prior written approval of the City. <br />Section 6.9. Notice of Fee Upon Transfer of Housin� Units. The Association agrees that it <br />will use its best efforts to ensure that owners of each Housing Unit upon which a Fee is imposed <br />under the Fee Resolution provide notice of the Fee to prospective buyers or transferees upon any <br />sale or transfer of the Housing Unit. Such efforts by the Association shall include, but are not <br />limited to ensuring that Housing Unit owners include a description of the Fee in each disclosure <br />certificate provided to the purchaser as required under Minnesota Statutes, Section S 15B.4-107 or <br />any successor statute. <br />Section 6.10. Experienced Propertv Mana�er. So long as the Bonds are outstanding, the <br />Association agrees to maintain "experienced professional property management" for the Property. <br />For purposes of this subsection, "experienced professional management" shall mean either M&H <br />Property Management, or another full time property manager selected by the Association that meets <br />the following criteria: <br />(i) has at least five years of executive property management experience, <br />including experience with multi-unit residential housing; <br />(ii) has experience working with boards and membership organizations; <br />(iii) has demonstrated knowledge of maintenance and construction issues; <br />(iv) has demonstrated knowledge of accounting financial reporting budgeting <br />and related issues; and <br />(v) does not have an ownership interest in any Housing Unit and is not the <br />spouse, child, parent or sibling of anyone who has an ownership interest. <br />14 <br />