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Agenda Packets - 2018/12/10
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Agenda Packets - 2018/12/10
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Last modified
1/28/2025 4:51:39 PM
Creation date
4/2/2019 10:26:17 AM
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MV Commission Documents
Commission Name
City Council
Commission Doc Type
Agenda Packets
MEETINGDATE
12/10/2018
Supplemental fields
City Council Document Type
City Council Packets
Date
12/10/2018
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Boulevard, Mounds View MHFA Dev. #8022 <br />Master Subordination Agreement 13 12/03/2018 <br />(Ver. 11/20/2017) <br />Exhibit B <br />MHFA BRIDGE LOAN DOCUMENTS <br /> <br />1. Bridge Loan Program Combination Mortgage, Security Agreement, Assignment of Rents <br />and Leases and Fixture Financing Statement executed by Borrower to MHFA, of even date <br />with the document to which this exhibit is attached, securing the repayment of a loan from <br />in an original principal amount of $6,980,000.00, which will be recorded in the Office of <br />the Registrar of Titles for Ramsey County, Minnesota. <br /> <br />2. Bond Compliance Agreement, of even date with the document to which this exhibit is <br />attached, between Borrower and MHFA, which will be recorded in the Office of the <br />Registrar of Titles for Ramsey County, Minnesota. <br /> <br />3. Bridge Loan Program Regulatory Agreement, of even date with the document to which <br />this exhibit is attached, between Borrower and MHFA, which will be recorded in the Office <br />of the Registrar of Titles for Ramsey County, Minnesota. <br /> <br />4. The following additional Bridge Loan Program Loan Documents: <br />(a) Assignment of Architect’s Contract; <br />(b) Assignment of Construction Contract; <br />(c) Assignment of Rights to Tax Credits, Partnership Interests and Capital <br />Contributions; <br />(d) Certification Regarding Identity of Interest or Family Relationship; <br />(e) Construction Loan Agreement; <br />(f) Disbursement Agreement; <br />(g) Guaranty (executed by Erik Weis); <br />(h) Guaranty (executed by Jay Weis); <br />(i) Master Disbursement Agreement; <br />(j) Mortgage Loan Commitment; <br />(k) Mortgage Note in an original principal amount of $6,980,000.00; <br />(l) Supplement to General Conditions of the Agreement Between Owner and <br />Contractor; and <br />(m) UCC-1 Financing Statement. <br /> <br />
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