4.3. SR 07-27-1998 - Laserfiche WebLink

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WHEREAS, the Bonds shall not constitute an indebtedness or pledge the full faith and credit of the Proposed Issuer, the other Participating Jurisdictions, the State of Minnesota, or any other agency or political subdivision thereof, but shall be payable solely from the revenues pledged and assigned thereto pursuant to the Indenture; and WHEREAS, the governing bodies of the Proposed Issuer and the other Participating Jurisdictions have authorized the execution and delivery of this Agreement; NOW, THEREFORE, the Proposed Issuer and the other Participating Jurisdictions hereby agree as follows: 1. In order to finance and refinance the Projects, the Proposed Issuer, or one of the other Participating Jurisdictions described below if so determined by the City and the other Participating Jurisdictions (the "Issuer"), shall issue on behalf of itself and the other Participating Jurisdictions revenue bonds (the "Bonds") in an amount up to but not to exceed the aggregate amount equal to $15,000,000, pursuant to the Joint Powers Act, the Industrial Development Act, the Housing Programs Act, and the terms of a Trust Indenture or Master Trust Indenture (as the same may be supplemented the "Indenture") to be entered into between the Issuer and Norwest Bank Minnesota, National Association, as trustee. The proceeds of the Bonds will be loaned to the entities set forth in Exhibit C (such entities collectively referred to as the "Borrowers" and each individually referred to as a "Borrower") in the respective amounts set forth in Exhibit C, pursuant .t.o a loan agreement between the Issuer and each Borrower (referred to individually as a "Loan Agreement" and collectively as the "Loan Agreements"). 2. The Guardian Angels Projects described in Exhibit BI is being financed and refinanced pursuant to Minnesota Statutes, Sections 469.152 to 469.1651. Of the $15,000,000 aggregate principal amount of the Bonds, an amount up to $4,500,000 will be allocated to such projects, all as described in Exhibit B 1. 3. The Evans Park Projects described in Exhibit B2 is being financed and refinanced pursuant to Mi:.:¢nesota Statutes, Chapter 462C. Of the $15,000,000 aggregate principal amount of the Bonds, an amount up to $9,000,000 will be allocated to such projects, all as described in Exhibit B2. With respect to the portion of the Evans Park Projects involving.refinancing, a portion of the proceeds of the Bonds will be applied to the discharge and prepayment of existing taxable mortgage indebtedness of Evans Park, Inc. 4. The Wilder Saint Paul Projects described in E~'hibit B3 is being financed pursuant to Minnesota Statutes, Sections 469.152 to 469.1651. Of the $15,000,000 aggregate principal amount of the Bonds, an amount up to $2,500,000 will be allocated to such projects, all as described in Exhibit B3. 5. The Wilder Stillwater Project described in Exhibit B4 is being financed pursuant to Minnesota Statutes, Sections 469.152 to 469.1651. Of the $15,000,000 aggregate 2