06/08/1998 Council Packet - Laserfiche WebLink

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6 sources, and a cost - benefit analysis of the Loan Project based on the estimated I/1 removed from the system. c. An acknowledgment of the requirement for Lendee certification under section 6.02 and the methods, including a schedule with dates and locations of inspections, to be used by the Lendee in making the certifications. d. Copies of reports, studies, inspections, etc. made prior to the Loan Project, documenting the conditions of the system which lead to the project. 5.03 Content of Reports. The Lendee agrees to report completely and to provide the Council with any additional or follow -up information as may be requested by Council staff. 5.04 Other Monitoring Activities. To assist the Council in monitoring compliance with the loan agreement, the Lendee agrees to attend Lendee meetings as requested by Council staff and to permit site visits by Council staff during business hours, upon reasonable notice. The Lendee agrees to submit to the Council a copy of any promotional information regarding the Loan Project disseminated by the Lendee during the loan Period. 5.05 Changed Conditions. The Lendee agrees to notify the Council immediately of any change in conditions, local law, or any other event that may affect the Lendee's ability to perform the Loan Project in accordance with the terms of this agreement. VL PROJECT ACTIVITY PERIOD/LOAN FORGIVENESS PROVISIONS 6.01 Project Activity Period. The Project Activity Period will consist of the time period from March 26, 1998 (the date this loan was awarded by the Council) until September 30, 1999. The Lendee agrees to substantially complete the Loan Project activities described in Exhibit A during the Project Activity Period. The Council will not provide loan funds to the Lendee for any Loan Project activities taking place before, or after the end of, the Project Activity Period. The Loan Project will be considered substantially complete when it can be utilized for the purposes for which it is intended and such date is referred to in this agreement as the "Project Completion Date." 6.02 Inflow/Infiltration Reduction Certifications. Lendee will provide the Council with a Certification of Project Performance 30 days before the first Annual Installment Date (as defined in section 3.04(b)) and 30 days before each Annual Installment Date thereafter (through the fifth Annual Installment Date). The Certificate of Performance will be signed by an engineer registered in the state of Minnesota and will certify that the inflow and infiltration removed pursuant to the Loan Project have not returned to the system during the twelve month period prior to said Certification. On the third and fifth Annual Installment Dates, along with the said Certification, Lendee will also provide the Council with physical documentation supporting the Certification. Exhibit D contains additional specific certification requirements which Lendee agrees to implement.