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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 14 12/03/2018 <br />(Ver. 11/20/2017) <br />Exhibit C <br />MHFA HRS FFB LOAN DOCUMENTS <br /> <br />1. HUD Risk-Sharing (Federal Financing Bank) Program Combination Mortgage, Security <br />Agreement, Assignment of Rents and Leases and Fixture Financing Statement executed by <br />Borrower to MHFA, dated_____________, securing the repayment of a loan in an original <br />principal amount of $6,497,000.00, which will be recorded in the Office of the Registrar of <br />Titles for Ramsey County, Minnesota. <br /> <br />2. HUD Risk-Sharing (Federal Financing Bank) Program Regulatory Agreement, <br />dated____________, between Borrower and MHFA, which will be recorded in the Office <br />of the Registrar of Titles for Ramsey County, Minnesota. <br /> <br />3. HUD Risk-Sharing (Federal Financing Bank) Program Declaration of Covenants, <br />Conditions and Restrictions, dated_____________, executed by Borrower in favor of <br />MHFA, which will be recorded in the Office of the Registrar of Titles for Ramsey County, <br />Minnesota. <br /> <br />4. Declaration of Covenants, Conditions and Restrictions (Subsidy), dated_____________, <br />executed by Borrower in favor of MHFA, which will be recorded in the Office of the <br />Registrar of Titles for Ramsey County, Minnesota. <br /> <br />5. The following additional HRS FFB Program Loan Documents: <br /> <br />(a) Allonge Endorsement to TIF Note; <br />(b) Assignment of Development Agreement; <br />(c) Assignment of Tax Increment Financing; <br />(d) Certification Regarding Identity of Interest or Family Relationship; <br />(e) Certification Regarding Liens; <br />(f) Certification Regarding Payment of Obligations; <br />(g) Disclosure of Lobbying Activities <br />(h) Guaranty (executed by Erik Weis); <br />(i) Guaranty (executed by Jay Weis); <br />(j) Mortgage Loan Commitment; <br />(k) Mortgage Note in an original principal amount of $6,497,000.00; <br />(l) Mortgagor Certification Regarding Lobbying and Federal Debt; and <br />(m) Operating Deficit Reserve and Escrow Account Agreement.
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