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1. That the Loan Agreement between the City of Mounds View and Boulevard <br />Apartments, Limited Partnership for the Metropolitan Council Local Housing <br />Incentives Account — Metropolitan Livable Communities Act, and the <br />corresponding mortgage and promissory note, are hereby approved, subject to <br />modifications that do not alter the substance of the transaction and that are <br />approved by the City Attorney. <br />2. That the Master Subordination Agreement and Estoppel Certificate is hereby <br />approved, subject to modifications that do not alter the substance of the <br />transaction and that are approved by the City Attorney. <br />3. That the Master Disbursement Agreement is hereby approved, subject to <br />modifications that do not alter the substance of the transaction and that are <br />approved by the City Attorney. <br />4. That the Mayor and the City Administrator are hereby authorized and directed to <br />execute all appropriate documents, including, but not limited to, the above stated <br />documents, to effectuate the transactions contemplated by this Resolution. <br />Adopted by the City Council this 10th day of December, 2018. <br />ATTEST: <br />4 16 //1 Z /I <br />Nyl ikrry nd, City Administrator <br />2 <br />Carol A. Mueller, Mayor <br />