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Resolution 0941
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00500 - 00999 (1970-1979)
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Resolution 0941
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Last modified
10/30/2019 8:59:27 AM
Creation date
7/17/2018 7:44:53 AM
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MV City Council
City Council Document Type
Resolutions
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uf_ti�, !tit i t-��n no � tj 4 1 <br />1- - - - ' ' , <br />(7 i t v W I j ...... <br />tit the 0 r) t1%(I 11 Uw MA, 7' AV r <br />A r 0 <br />l <br />hervin <br />-ALI roii. thE <br />PAYM)lc- Sololy r�_A'iLM-IIIIPY' �Ind pr�lcf-elq (let 1 '!� <br />Loan iiiprooment, M-1 ti'69P i'vid ol� ""E:of� a lid <br />h f va I ly <br />Htntg, which rcvvllklv�_ WIG V!��du a Prc-by eVecl <br />pledged to tht payment thereof in tile mallner and to tile <br />Is : — � - I lil 'iij -L-- nt , !10f tf�O-V <br />uxi:ant 4paciLled f Ill j-jjjd Ilothing it, tile Note <br />and A&,,i9nMQnt of Lodnea a�fld Rentsi <br />u,Ic'n &h"11 bL, csp <br />or in thir a- assianinci, <br />plodging or otherwisw enewmba ':., 119 an7 funds or assets <br />of the titv. <br />4-2. Pertormaner Olt mi,4 AtnUizo, j �_ y Q <br />r I f - r Cove i1a nt," <br />The city covenants that it W'11 faithfully P*rtQrm <br />at all ti"es any and all covenants, Orijiertakings, BtiPula- <br />ons; contnained in thin Resolution, in ale <br />tions and provisi <br />Note gxecute4, Authenticated and del,vored nerounder and in <br />all proct,edinVP of the dity Council pertaining theretot that <br />the -Constitution And__laWA___Qf_ --the - <br />Otste of Minnesota including partioularly. and without liMit-6- <br />.0 issue the Note a-ithorited hereby, pledge the <br />tion the Act, to - A nd to- <br />jeVqnU**- and assign. the Loan. Agreetnent in the manrier <br />n -I 1h* <br />the extent set forth in thim Revolution, the Note anu <br />k _* j O%n <br />- ___ ''_ - 4� ma S, <br />md AN11.4ment. thorki'z. - V 4'4 <br />Avese-ment- a.. <br />p&r4 - -for the i suance of thf, tiote a -E <br />nd for t". *X AUti A <br />its <br />__ V - c t&k&n_I <br />d 7 ViLly <br />and delivery thereof hai been ldJ�Y an 0 <br />M_ hands 0! the ottvagoti. ill. and A <br />I <br />Nots n the <br />b* a %AIAd -a*nd* imhr,.�r.doabld obl%gation 3f -the City. #a%iturd-ing- <br />tcf tb# terms ther4oli <br />PerfDrimappv qf,.�_Qv4W4.ntd. <br />4-3. Vnfa-cement <br />Tho City Agrees to snfcrcd All covenants and <br />ovii-qat-i-ons- of --the Demmer Laidor the LoAn _Aqieement -and <br />L pettorm all covenants <br />Construction Loan Agreement, 4Ad � - <br />and othor provilsions *ontained in thu NoUt the Loan <br />4hd the Construction Loan Agreement. <br />-0- <br />
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