05-13-2020 Council Packet - Laserfiche WebLink

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12316306v3 B-1 EXHIBIT B DRAW REQUEST To:U.S. Bank National Association, as trustee 1.The undersigned Authorized Borrower Representative (the "Authorized Borrower Representative") of Presbyterian Homes Care Centers, Inc., a Minnesota nonprofit corporation (the "Borrower") hereby authorizes and requests the above-referenced trustee (the "Trustee") to disburse $______________ from the [2018][2020] [Project Account] [Cost of Issuance Account] held by the Trustee, pursuant to the Trust Indenture dated as of May 1, 2020, (the "Indenture"), between the City of Little Canada, Minnesota (the "Issuer") to the Trustee, to the disbursing agent in order for the disbursing agent to (i) reimburse the Borrower for certain expenditures with respect to the 2020 Project, from the 2020 Project Account only, paid by the Borrower prior to the issuance of the Series 2020 Bonds described in the Indenture (the "Bonds") pursuant to the Indenture, or (ii) pay designated parties for expenditures by the Borrower paid after the issuance of the Bonds, all as more specifically described in the attachments hereto. The disbursing agent shall pay such amounts in accordance with the provisions of the Disbursing Agreement (as defined in the Trust Indenture). 2.The Authorized Borrower Representative further certifies, pursuant to Section 4.04 of the Indenture, that (i) none of the items for which reimbursement or payment is sought has formed the basis for any payment heretofore made from the Project Fund, and (ii) each item for which reimbursement or payment is sought is or was necessary in connection with the Project. Answer Items 3 And 4 Only If Applying For Reimbursement Of Expenditures Paid Before Bond Closing. 3.With respect to reimbursement of expenditures related to the 2020 Project incurred and paid prior to the issuance of the Bonds, the Authorized Borrower Representative further certifies, pursuant to Section 1.150-2 (the "Regulations") of the Income Tax Regulations under the Internal Revenue Code of 1986, as amended (the "Code"), that: (a)De minimis Expenditures. The expenditure for which reimbursement is hereby sought is/is not (circle one) a de minimis expenditure as defined and within the permitted limit described in paragraph (f)(1) of the Regulations (lesser of $100,000 or 5% of the proceeds). (b)Preliminary Expenditures. The expenditure for which reimbursement is hereby sought is/is not (circle one) a Preliminary Expenditure (as defined and within the permitted limit described in paragraph (f)(2) of the Regulations). If the expenditure is described under (a) or (b), go to question 4 below. (c)Declaration of Official Intent. The expenditure for which reimbursement is hereby sought is not described under (a) or (b) above. On _______________, a date no later than 60 days after payment of the expenditure for which reimbursement is hereby sought, the Borrower made a written declaration of official intent, stating that: (i) the Borrower reasonably