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J. The Project was, or will be, completed in full compliance with all applicable <br />laws, statutes, rules, ordinances, and regulations issued by any federal, state, or local <br />political subdivisions having jurisdiction over the Project. <br />K. All applicable licenses, permits and bonds required for the performance and <br />completion of the Project have been, or will be, obtained. <br />L. All applicable licenses, permits and bonds required for the operation of the Real <br />Property and, if applicable, the Facility in the manner specified in Section 2.03 have been, <br />or will be, obtained. <br />M. It will operate, maintain, and manage the Real Property and, if applicable, the <br />Facility or cause the Real Property and, if applicable, Facility, to be operated, maintained <br />and managed in compliance with all applicable laws, statutes, rules, ordinances, and <br />regulations issued by any federal, state, or local political subdivisions having jurisdiction <br />over the Real Property and, if applicable, the Facility. <br />N. It has, or will acquire, the following interest in the Real Property and, if <br />applicable, the Facility, and, in addition, will possess all easements necessary for the <br />operation, maintenance and management of the Real Property and, if applicable, the <br />Facility in the manner specified in Section 2.03: <br />(Check the appropriate box for the Real Property and, if applicable, for the Facility.) <br />Ownership Interest in the Real Property. <br />Fee simple ownership of the Real Property. <br />D <br />A Real Property/Facility Lease for the Real Property, in form and <br />substance <br />acceptable to the State Entity, for a term of at least 125% of the Useful Life <br />of the Real Property and, if applicable, Facility, which cannot be <br />prematurely cancelled or terminated without the prior written consent of <br />the State Entity. <br />(If the term of the Real Property/Facility Lease is for a term authorized by a <br />Minnesota statute, rule or session law, then insert the citation: <br />.) <br />0 An easement for the Real Property, in form and substance acceptable to the <br />State Entity, for a term of at least 125% of the Useful Life of the Real <br />Property and, if applicable, Facility, which cannot be prematurely cancelled <br />or terminated without the prior written consent of the State Entity. <br />(If the term of the easement is for a term authorized by a Minnesota statute, <br />rule or session law, then insert the citation: .) <br />Little Caanda GO Bond Proceeds Grant Agreement Ver 5/06/15 <br />for MnDOT Antiquated Equipment Grants 6 <br />