Resolution 9347 - Laserfiche WebLink

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Section 7.The Authority has reviewed the application of the Governmental Unit dated November 30, 2020, and, based solely upon the application, the opinion of bond counsel and the provisions of this Agreement, verifies that the Bonds are participating in the Credit Enhancement Program established pursuant to the Act, and that if the Governmental Unitis unable to make any portion of the payment on the Bonds on or before the date due, the State of Minnesota, acting through the Authority, shall make such payment in its place pursuant to the Act, providing that funds are available in the State General Fund. The obligation to make a payment under the Act is not a general obligation of the State of Minnesota. The Act does not obligatethe legislature to provide for the availability of funds in the General Fund for this purpose. Section 8. The Authority will provide to the Governmental Unit upon request, or to its duly authorized agent, any information which the State of Minnesota files with the Nationally Recognized Municipal Securities Information Repositories pursuant to the State’s obligations under rule 15c2-12. Section 9. The Governmental Unit agrees to notify the Authority if the Paying Agent is replaced by a subsequent paying agent and to provide to the Authority a certification by the subsequent paying agent in the form set forth for the original paying agent below. IN WITNESS WHEREOF, the Authority and the Governmental Unit acknowledge their assent to this Agreement and agree to be bound by its terms and the terms of the Act through their signatures entered below. 1. MOUNDS VIEW, MINNESOTA: 2. PUBLIC FACILITIES AUTHORITY: By (auth. signature): ________________________ By: ________________________________ Title: Executive Director Title: Mayor Date: ____________________________________ Date: ______________________________ 3. COMMISSIONER OF ADMINISTRATION: As delegated to: Office of State Procurement By: ________________________________ By (auth. signature): _______________________ Title: City Administrator Date: ___________________________________ Date: _______________________________ Admin ID: _______________________________ CE Program Agreement Page 2 of 3 (rev. 9/19)