4.3. SR 02-18-2020 - Laserfiche WebLink

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CERTIFICATION State of Minnesota General Obligation Bond Financed Property The undersigned has a fee simple, leasehold and/or easement interest in the real property located in the County of Sherburne, State of Minnesota that is generally described or illustrated graphically in Exhibit A attached and all facilities situated thereon (the “Restricted Property”) and acknowledges that the Restricted Property is or may become State bond-financed property. To the extent that the Restricted Property is or becomes State bond-financed property, the undersigned acknowledges that: A. The Restricted Property is state bond financed property within the meaning of Minn. Stat. Sec. 16A.695, is subject to the encumbrance created and requirements imposed by such statute, and cannot be sold, mortgaged, encumbered or otherwise disposed of without the approval of the Commissioner of Minnesota Management and Budget; B. The Restricted Property is subject to the provisions of the State of Minnesota General Obligation Bond Grant Contract with the City of Elk River for Reclamation and Enhancement of Lake Orono (158848 / 3000151955) between the Minnesota Department of Natural Resources and the City of Elk River, dated ________________, 20___; and C. The Restricted Property shall continue to be deemed state bond financed property for 125% of the useful life of the Restricted Property or until the Restricted Property is sold with the written approval of the Commissioner of Minnesota Management and Budget. Date: __________________, 20____ _____________________________________ City of Elk River, a political subdivision of the State of Minnesota By: ________________________________ Name: John J. Dietz Title: Mayor, City of Elk River By: ________________________________ Name: Tina Allard Title: City Clerk, City of Elk River