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<br /> <br />$[6,750,000] <br />City of Little Canada, Minnesota <br />Subordinate Senior Housing and Healthcare Revenue Bonds <br />(New Harmony Project), Series 2021D <br /> <br />BOND PURCHASE AGREEMENT <br />City of Little Canada <br />515 Little Canada Road E <br />Little Canada, MN 55117 <br />Attention: [City Administrator / Finance Director] <br />New Harmony Care Center <br />[address] <br />[address] <br />Attention: [Vice President] <br /> <br />Ladies and Gentlemen: <br />We (sometimes herein referred to as the “Underwriter”) hereby offer to purchase, upon <br />the terms and conditions hereinafter specified, $[6,750,000] aggregate principal amount of <br />Subordinate Senior Housing and Healthcare Revenue Bonds (New Harmony Project), Series <br />2021D (the “Bonds”), to be issued by the City of Little Canada, Minnesota (the “Issuer”). The <br />Bonds are described in the Official Statement prepared in connection with the issuance of the <br />Bonds (together with the Preliminary Official Statement dated [________________], 2021, and <br />including the respective Appendices thereto, the “Official Statement”). The Bonds shall bear the <br />terms set forth in Schedule I hereto. If and when accepted by all of you, this document shall <br />constitute our Bond Purchase Agreement. <br />1. Background. The Bonds are being issued pursuant to a Trust Indenture dated as <br />of [________________], 2021 (the “Indenture”), between the Issuer and U.S. Bank National <br />Association (the “Trustee”). The proceeds of the Bonds will be used to (1) finance the <br />construction and equipping of a new replacement 64-bed care center and 92-unit senior housing <br />project on a 7.31-acre site in Maplewood, MN (as further described in the Loan Agreement and <br />the Indenture, the “Project”), (2) fund a debt service reserve for the Bonds, (3) fund capitalized <br />interest for the Bonds and (4) pay certain costs of issuance of the Bonds. The proceeds of the <br />Bonds will be loaned by the Issuer to New Harmony Care Center, Inc., a Minnesota nonprofit <br />corporation (the “Corporation”), pursuant to a Loan Agreement dated as of <br />[________________], 2021 (the “Loan Agreement”), and applied to the Project, as provided <br />therein and in the Indenture. <br />Payment of the principal of and interest and premium, if any, on the Bonds is secured by <br />a Subordinate Combination Mortgage, Security Agreement and Fixture Financing Statement and <br />Assignment of Leases and Rents, of even date with the Indenture (the “Subordinate Mortgage”), <br />from the Corporation to the Trustee.