Laserfiche WebLink
BROOKINGS-TWIN CITIES DEVELOPMENT PROJECT AGREEMENT <br />shall reasonably determine to be requisite to and necessary or desirable with respect to <br />the Development Project and the financing thereof, and other matters pertaining to the <br />Development Project, including financial statements and other information reasonably <br />available to allow CMMPA to respond to requests for such information from any federal, <br />state or local regulatory body or as may be required in connection with the issuance of <br />Bonds. <br />ARTICLE 6 <br />ISSUANCE OF BONDS <br />This Article is only applicable to Agency Participants and therefore does not apply <br />to Open Participants. <br />Section 601. Bonds. <br />CMMPA may issue Bonds in series from time to time, including Bonds issued in <br />accordance with a Bond Resolution, to fund all or any portion of Development Project <br />Costs associated with the Agency Participants' portion of CMMPA's Brookings Share of <br />the Transmission Project as delineated in the CapX 2020 Development Agreement and <br />other costs covered by this Agreement. <br />Section 602. Issuance of Bonds for Additional Project Costs, and Refunding. <br />(a) In addition to the issuance of Bonds to pay Agency Participants' Development Project <br />Costs as provided in Section 601 of this Agreement, CMMPA may issue Bonds at <br />any time and from time to time, in the event funds are required to pay Additional <br />Development Project Costs to the extent such costs are not otherwise paid as part of <br />Monthly Development Project Costs. The Annual Budget delivered to the Participant <br />for the Contract Year in which such Bonds are issued, or an amended Annual Budget <br />for such Contract Year, shall also set forth the financing plan and budget of <br />expenditures with respect to such Bonds and the proceeds thereof. <br />(b) Bonds may also be issued to refund any Bonds in order to reduce the CMMPA Debt <br />Related Monthly Development Project Costs or in the event, in the opinion of <br />CMMPA, it may otherwise be advantageous. <br />C:\Documents and Settings\Bryan\Local Settings\Temporary Internet Files10LK53\Cap X Brookings 2-12-07 2 <br />clean.doc <br />