12-06-1995 Council Agenda - Laserfiche WebLink

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304291.2 (b) The Appraisal. (c) Copies of the Leases. (d) A Rent Roll, certified by Developer, identifying each of the spaces available for lease in the Project, the name of the Tenant and date of the Lease if the Property is under Lease, the commencement and expiration dates of the Lease, a description of any extension options in favor of Tenant, a summary of the rent due throughout the term and any extension terms of the Lease, and a description of common area maintenance expenses payable under the Lease. (e) An operating pro forma for the Project covering a 10 year period. The operating pro forma should include a pro forma based on the assumption of 70% occupancy and a pro forma based on an assumption of 100% occupancy. (f) Certified copies of Articles of Organization and Operating Agreement of Developer together with all amendments thereto. (g) Certified copies of the Resolutions of the Board of Governors of Developer authorizing the Developer to enter into this Agreement and the other Loan Documents required to be executed by Developer and to borrow from EDA as contemplated herein and detailing the manager(s) authorized to execute such Loan Documents. (h) Incumbency Certificate showing the names, titles and specimen signatures of the persons authorized to execute the Loan Documents on behalf of the Developer. (i) Certificate of Good Standing of Developer issued by Secretary of State of Minnesota. (j) Evidence of payment to EDA of the Loan Origination Fee. (k) Opinion of Robert D. Schwartz, legal counsel for Developer, addressed to EDA to the effect that: (i) Developer is a duly organized Limited Liability Company existing, and in good standing in the State of Minnesota; (ii) The execution and delivery of this Agreement, the Note, Mortgage, and any and all other documents or instruments required to be executed and delivered or delivered in connection herewith, and all actions of Developer taken pursuant hereto have been authorized by Page 8