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4899-1614-6254.1 ATTACHMENT TO Sworn Applicant Statement—Application for Allocation of Bonding Authority for Residential Rental Projects, Form S-Rental (Revised December 2019) SWORN STATEMENT OF BORROWER IDENTIFYING PROJECT AS A 100 PERCENT LIHTC PROJECT City of Little Canada, Minnesota Multifamily Housing Revenue Bonds (Little Canada Senior Housing Project) June __, 2025 I, __________________, the duly authorized representative of LC Developers LLC, a Minnesota limited liability company, its successors and assigns, or affiliates (the “Borrower”), hereby swear or affirm on behalf of the Borrower as follows: 1. This statement has been prepared and executed in conjunction with an application by the City of Little Canada, Minnesota (the “Issuer”) for an allocation of bonding authority (the “Allocation Application”) with respect to the above-referenced obligations (the “Obligations”), the proceeds of which the Borrower proposes to apply to the acquisition, construction, and equipping of an approximately 106-unit multifamily rental senior housing development and facilities functionally related and subordinate thereto, to be located at or about 99 County Rd B East in the City of Little Canada, Minnesota and known as Little Canada Senior Housing or another name selected by the Borrower (the “Project”). 2. The Project is a residential rental project that is expected to generate low-income housing tax credits under Section 42 of the Internal Revenue Code of 1986, from 100 percent of its residential units and does not otherwise qualify as a “preservation project,” “30 percent AMI residential rental project,” or “50 percent AMI residential rental project” (each as defined under Minnesota Statues, Section 474A.02, as amended). In addition, the amount of Bonds requested in the application does not exceed the “aggregate bond limitation” (as defined under Section 474A.02), as provided in the Sworn Certification of Applicant’s Certified Public Accountant Regarding Aggregate Bond Limitation attached to the Allocation Application to which this statement is attached. Accordingly, the Project constitutes a “100 percent LIHTC project,” as that term is defined under Minnesota Statues, Section 474A.02, subdivision 32. 3. I swear under penalty of perjury that the information I have provided is true and accurate to the best of my knowledge, information and belief. 4. It is understood and agreed by the Borrower that the Borrower shall indemnify the Issuer against all liabilities, losses, damages, costs, and expenses (including attorney’s fees and expenses incurred by the Issuer) arising with respect to the Allocation Application, the Project and the Obligations.