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EXItlBIT B2 <br /> <br />Evans Park Projects <br /> <br />The Evans Park Projects consist of the following, and the amount of Bond proceeds used for <br />Evans Park Projects shall not exceed $9,000,000: <br /> <br /> 1. The refinancing of existing mortgage indebtedness issued with respect to the <br />acquisition, construction, equipping and furnishing of a 36-unit elderly housing facility <br />owned by Evans Park, Inc. and located at 300 Evans Avenue, Elk River, Minnesota (the <br />"Mortgage Indebtedness Refinancing"), together with the rehabilitation of the facility; and <br /> <br /> 2. The financing of costs of acquisition, construction, equipping and fumishing of <br />an approximately 60-unit assisted living facility to be located at Joplin Street and U.S. <br />Highway 10, in Elk River, Minnesota and to be owned by Evans Park, Inc. <br /> <br />B-2 <br /> <br /> <br />