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Resolution 0940
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00500 - 00999 (1970-1979)
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Resolution 0940
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Last modified
10/30/2019 8:59:27 AM
Creation date
7/17/2018 7:44:52 AM
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MV City Council
City Council Document Type
Resolutions
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VIP;, <br />HIE, I OL'J 1�1'-) C <br />I]', !'I V;;f! t �I <br />ARVICLE ONE <br />'�TZATxUbl A141) <br />The terms used hurtlit's unless tha cOntext hereof <br />mhall require otherwiat Shall havo the f0llclwing tn"nings, and <br />any other tc;r"148 ul,�.f in" in the LO, ' 0 Agreement Shall have the <br />0ame lljeanings wholl used herein no a8staned to thein iri thf- Loan <br />calcm. another <br />Unlads tile context or use thereof ndi <br />,'!reement <br />Aifforant meaninq or intent. <br />the Minnr�ota Munloipal indii-strial DevelOP- <br />(1) Acti .0 - <br />Mqnt A;ct# Minnesota 2�dtut&b# chaptuj� 474, az nminded; <br />(2) Dond Counse-Is the firm of Brig9p and MorUan, <br />Professional - 8-00 at oft# of St. paul, Minnesota, And anY <br />opinion elf Sonti counsel shall be a writtOn opinion signed by <br />such COUP11*11 <br />(3) V4rrgw?,ri M'dw&y industrial Supply CO -t TAct, & <br />Annesota cofPOV&tLOn, its Successors and assiSnG, and any <br />llukvLving, gesuitInq or troinsfecatl Waing,88 *ntity which may <br />assume i's obItgati-Ont Undsr Cho ijoan Ag4etrontl <br />Re "tt the City of M*uAs View, 14W#50ts, iVS <br />Or gemtat I t1ja c%greement to <br />dill LOAD <br />-borrower And mortg4goof relatiny to <br />.be execut on ftu�,tion cnd <br />acquisition al the Project pr9miges and the o a <br />ifisiallotLeft of the lilprOvumentsl <br />(6) Img[ovemVI-Itu the structures and other improve - <br />ac -c -or <br />mtntj to jigc0nstruct#q Dy the Borrower in -dm.ce with the <br />piano and SpecificAtional <br />(7) QAn, Agroome-n—t 1 t I no agreemdnt to be executid b <br />the City an- t a Barrowort and assignment tiler -Of, providIng <br />for the loan Of acquinition and construction funds to the <br />mendm#nts or gupplements thereto made <br />Uorcowete including any a <br />in accordance with its provisionsi <br />
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