4.3. SR 04-19-2004 - Laserfiche WebLink

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The bonds shall bear a term to maturity of thirty years. The respective share of local (non-state) costs of the pattie/paring counties and rail authorities, including the ACRRA, shall be reduced by the value of any funds or property contributed by such county or rail authority, or any city located within its jurisdiction, in which case the maximum principal amount of thc bond, and such county or mil authoritfs respective share of debt service shalJ be reduced accordingly. Enhancements to the system requested by a local government unit shall be financed by the local government unit and shall not recluce the coumy or rail aulhority's respective share of debt service. The total share of local (non-state) costs of the participating counties and rail authorities, including the ACRRA, shall be reduccd by the value of any funds or property contributed by any public or private entity £or the purposes of payment for thc I-'U swaths LRT connection, in which case the maximum pnncipal amount of thc bond shall be reduced accordingly. The issuance of the bonds by the ACRRA is subject to the availability of state and fedora funding for the remaining 83.3 % of project costs, and to receipt ofcon~bution agreements from the other participating counties and rail authorities in an aggregate amount sufficient to pay 36.5% of debt service on the bonds. As previously approved, the terms and conditions contained herein shall also apply to the funcling of Phase Two of the Northstar Commuter Rail Project, extending the service to the Oreater St. Cloud Area. The percentage share of the debi service of each county may be revised to reflect the most current U.S. Census population data available at the time of the financing of Phase Two. STATE OF MINNESOTA) COUNTY OF ANOIL4 ) I, Tim Yantos, r~x~udve Dlt~:lor, Anoka County l-Iau~ing ~d Redcvclopn-,,-nt Authoth.,, Anoka Coullty, Minnesota, hereby certify thnt have compared thc forc§oing copy of the rcsolutlO~ of sa.id Authority of snid County wit~ the original rceorfl th~eof on fi]~ in Admtnismtdon Office, Atmka Coumy, Minnesota, as stated in ~e minutes of the proc~ed~ng~ of said Authority a~ a meeting duly l~eld on March 9, 200~,, and flint the same is a ttuc and correct copy of anid orlg~nal record alld of the whole then:o[, and ~hat ~uld rc,~o~ut~on wu duly p~sed by ,,,id Authority at said meeting. Witness my head anti seal thi~ 9th day of March 200~. NO