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<br />B-1 <br /> <br />Exhibit B <br /> <br />Notice of Appointment of Funding Lender Representative <br />U.S. Bank Trust Company, National Association, as Fiscal Agent <br />111 Fillmore Avenue East <br />Saint Paul, MN 55107 <br />Ride Limited Partnership <br />4450 Excelsior Boulevard, Suite 400 <br />St. Louis Park, MN 55416 <br />City of Little Canada, Minnesota <br />515 Little Canada Road East <br />Little Canada, MN 55117 <br />[SELLER/SERVICER] <br />[SELLER/SERVICER’S ADDRESS] <br />Re: Ride Apartments <br />Ladies and Gentlemen: <br />The undersigned is the holder (the “Funding Lender”) of the City of Little Canada, <br />Minnesota Multifamily Housing Revenue Note (Ride Apartments Project) Series 2024 dated <br />December __, 2024 (the “Governmental Note”) delivered pursuant to the Funding Loan <br />Agreement dated as of December 1, 2024 (the “Funding Loan Agreement”), among Merchants <br />Bank of Indiana (the “Initial Funding Lender”), City of Little Canada, Minnesota (the <br />“Governmental Lender”) and U.S. Bank Trust Company, National Association (the “Fiscal <br />Agent”). Pursuant to Section 10.05 of the Funding Loan Agreement, you are hereby notified that, <br />effective immediately upon receipt of this notice by Fiscal Agent, Funding Lender Representative <br />appointed under Section 10.05 of the Funding Loan Agreement shall be ____________________. <br />The Person previously appointed as Funding Lender Representative, if any, shall upon the <br />effectiveness of this notice no longer have any further rights or obligations as Funding Lender <br />Representative. <br />The following individual or individuals shall have the authority to execute any consent, <br />waiver, approval, direction or other instrument on behalf of Funding Lender Representative and <br />the signature(s) set forth next to his/her/their name(s) is/are his/her/their true and correct <br />signature(s). <br />Name Signature <br /> <br /> <br /> <br />