RES 08-046 - Laserfiche WebLink

Home Browse Search

~~~' .~,.n~.Dl,~nt ~~~ ~~al ,n~a~lnt Baas aa~aaa ~a~ ~ ~~~,aao ?aa~ 474,aaa ?alb ~?,aaa ?aa ~~a,aao ?a~~ ~~,aaa and to pay interest an sa n~~~ch of the pr~ne~pal an~a~rnt of the debt as nay be d~~~~rsed and re~~lains unpaid until tl~e p~.ncipal a~~naunt l~ereaf i paid or ~.~ been provided far, at the rate of one and tl~•ee hundred eleven l~~~ndredtl~ pe~'cent ~~ .~ ~Ia~ ~~~ a~~1~~n~ ~calc~~lated an the basis of ~ a~day dear aft~velve ~a-~~ n~anths~. interest an tl~i Nate i payable en~ia~~,nually on Febr~~ar'~' ~a and At~~ust ?a~ con~n~encin~ ~u~~~t ?a, ?aa. ~~terest starts accrriin~ as afthe date of the initial dish~~~'se~~ent. Pri~~ci~~al ~~~ ,~~~re~ ,ae~~t~. ~~teret shall aeer~~e only on the aureate a~~~aunt of this Nate ~~rhicl~ hay dean disb~~rsed ender the ~innesata ~'~~bl~ Fazlitie .~~ithority F~'a~ct Loam and general ~hlia~ian fond purchase ~r~en~ent ~Transpor tation evolvi~~ Fund} ll~F~~~~~ aDa~~.~F~a~, dated as af~.pril ?~, ?OaB, by and between the ~~~ and tl~e iVTr~~nesata l~~~bl~e Facilities .~~~tl~ority the "Frog eat Lawn ~.reen~ent~'~. The principal ~~~stallrnent shall be pYd ~n tl~e an~ounts sched~~led above earn ifat tl~e tine afpay~~ent the Full principal an~a~int afthe Note leas got bean disbursed; provided that if tl~e full principal a~x~a~~nt of this Note i never disbursed, tl~e an~ount of the principal not disb~~rsed shall be applied to red~~ce each ~~npaid principal llltall~~~ent ~n ~~~~ p~'apar~lan that s~.~Cl~ installn~ent bear's to fhe fatal of all ~~npaid principal i~~stalin~ents ~i.e., tl~e re~~~aini~a~ principal pay~~ent ehed~~le shall be rea~~~artied #a provide sin~ilar ly level annual ir~stalin~ent of fatal debt ser vice pay~nent~. interest a~~ this Nate inel~rdes at~~a~~nts treated ~y the N~innesata F~.~blie Facilities A~~tharity service fees, Principal, interest and any pren~lr~~n drre ~rnder this Nate will be paid an eael~ pay~~~ent date by wire p.yn~ent, ar by el~ecl~ ar draft nailed eve business days prior to tl~e pa,ynent date to tl~e pe~•san its ~vl~ase nape this Nate i r eistered} in any aain ar e~~rrency of the United tte of A~~~erica ~vhicl~ at tl~e tine afpa~~ent i legal tender for pubic and private debtsF eden~ tom. ~l~is Nate is sr~b~ect to red e~~~ption and pr'epan~ent in ~vl~ale or in part at the option o l` tl~e pity o~ mandatorily as provided in the l~xa~ ect Loan ~ren~ent. ~~ reclen~ption is i~~ part i~~staln~ents al`principal payable last ~rnder this Nate shall be prepaid first unless the pity and tl~e halde~• afthis Dote agree to a diffe~'ent result, ~u~-poe; enera~ Dl~liat~a~~. phis Nate has beef is~~ed pursuant to and in f~~Il confon~~ity with tl~e anstitution and laws of the state of it~~esata for' the purpose o`pravidir~~ ~~~aney to f~r~at~ce tl~e ca~~struction of t~~e l rd Aven~~e rod ect in the pity, and is payable art ol` tl~e l~I~F 1-Jebt service .cca~~nt o~`the ~ranspartat~a~~ Fend oftl~e qty, to ~vl~ich account have bee~~ pledged frar~~ n~a~leys to be allotted to the ~~~ fran its account rn t~~e qty's tatew~,id Street Fend. This Nate canstit~~tes a general obliatian of the pity, ar~d to provide n~oneys far tl~e pron~pt and full pa~r~~ent of said principal instalin~ent and interest ~vl~en the sane beon~e d~~e, tl~e fell ~itl~, credit and ta~:in powers of the pity Dave been and are l~e~'eby irr~c~acabl~r pledged, .nitration; transfer. 'his Nate shall be register ed in the nan~e of the payee o~~ the boars of tl~e pity by presentir~~ this Nate for re~istratian to tl~e pity's Finance ~7ireetar, ~vho will ? l7~{9G~:1 ~