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<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />AMENDED AND RESTATED <br />AGREEMENT REGARDING TAX INCREMENT FINANCING <br />THIS AMENDED AND RESTATED AGREEMENT REGARDING TAX <br />INCREMENT FINANCING (“Agreement”) entered into as of the _____ day of _____________, <br />2019, by and among THE LODGE AT LITTLE CANADA LLC, a Minnesota limited liability <br />company (“Original Borrower”); THE LODGE APARTMENTS AT LITTLE CANADA, LLC, a <br />Minnesota limited liability company (“New Borrower”); JONES LANG LASALLE <br />MULTIFAMILY, LLC, a Delaware limited liability company formerly known as Oak Grove <br />Commercial Mortgage, LLC (“Senior Lender”), and the ECONOMIC DEVELOPMENT <br />AUTHORITY OF THE CITY OF LITTLE CANADA, MINNESOTA, a Minnesota public body <br />corporate and politic (“EDA”). <br />RECITALS: <br />WHEREAS, effective as of December 1, 2011, Senior Lender made a loan to Original <br />Borrower in the original principal amount of Nine Million Nine Hundred Forty-Seven Thousand <br />and 00/100 Dollars (US $9,947,000), which loan is insured by HUD under Section 221(d)(4) <br />pursuant to Section 223(a)(7) of the National Housing Act, as amended (“Loan”) and is secured <br />by a certain apartment complex, located in the City of Little Canada, Ramsey County, Minnesota <br />under the project designation Lodge at Little Canada, FHA Project No. 092-35729 (the <br />“Project”), as more particularly described in Exhibit A and attached hereto and incorporated by <br />reference herein (the “Property”). <br /> <br /> WHEREAS, the Loan is evidenced by that certain Note dated as of December 1, 2011 <br />(“Note”) given by Original Borrower in favor of Senior Lender, and is secured by (i) that certain <br />Multifamily Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing <br />(Minnesota) given by Original Borrower in favor of Senior Lender, dated effective as of <br />December 1, 2011 and recorded in the Office of the County Recorder, Ramsey County, <br />Minnesota on December 29, 2011 as Document Number 4312262 (the “Mortgage”) and (ii) that <br />certain U.S. Department of Housing and Urban Development Regulatory Agreement for <br />Multifamily Projects, executed by Original Borrower and HUD dated effective as of December <br />1, 2011 and recorded in the Office of the County Recorder, Ramsey County, Minnesota on <br />December 29, 2011 as Document Number 4312263 (“Regulatory Agreement”), and is evidenced