4.5. SR 07-09-2012 - Laserfiche WebLink

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Section 6.03 Condition Precedent to Any Payment. The obligation of DEED to make any payment hereunder (including the initial payment) shall be subject to the following conditions precedent: A. DEED shall have received a Draw Requisition for such payment specifying the amount of funds being requested, which such amount when added to all prior requests for an payment shall not exceed the amount of the Program Grant delineated in Section 1.01. B. DEED shall have received a duly executed Declaration that has been duly recorded in the appropriate governmental office, with all of the recording information displayed thereon, or evidence that such Declaration will promptly be recorded and delivered to DEED. C. DEED shall have received evidence, in form and substance acceptable to DEED, that (i) the Public Entity has legal authority to and has taken all actions necessary to enter into this Agreement and the Declaration, and (ii) this Agreement and the Declaration are binding on and enforceable against the Public Entity. D. DEED shall have received evidence, in form and substance acceptable to DEED, that the Public Entity has sufficient funds to fully and completely pay for the Project and all other expenses that may occur in conjunction therewith. E. DEED shall have received evidence, in form and substance acceptable to DEED, that the Public Entity is in compliance with the matching funds requirements, if any, contained in Section 7.23. F. DEED shall have received evidence, in form and substance acceptable to DEED, showing that the Public Entity possesses the ownership interest delineated in Section 2.02. G. DEED shall have received evidence, in form and substance acceptable to DEED, that the Real Property and, if applicable, Facility, and the contemplated use thereof are permitted by and will comply with all applicable use or other restrictions and requirements imposed by applicable zoning ordinances or regulations, and, if required by law, have been duly approved by the applicable municipal or goverlunental authorities having jurisdiction thereover. H. DEED shall have received evidence, in form and substance acceptable to DEED, that that all applicable and required building permits, other permits, bonds and licenses necessary for the Project have been paid for, issued, and obtained, other than those permits, bonds and licenses which may not lawfully be obtained until a future date or those permits, bonds and licenses which in the ordinary course of business would normally not be obtained until a later date. L DEED shall have received evidence, in form and substance acceptable to DEED, that that all applicable and required permits, bonds and licenses necessary for the operation of the Real Property and, if applicable, Facility in the manner specified in Section 2.04 have been paid for, issued, and obtained, other than those permits, bonds and DEED Greater MN Business Development Public Infrastructure Program 22 Ver- 2/16/10 Grant Agreement for Construction Grants (DEED GO GA- Cnstrctn Grnt)