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12 <br /> Page 4 <br /> • 7. Reporting Requirements. <br /> (a) The Recipient agrees to furnish to the Grantor on or before March 1 in each year the <br /> report required in Section I 16J.994, Subdivision 7 of the Act on forms developed by the Minnesota <br /> Department of Trade and Economic Development. <br /> (b) If the Grantor does not receive the reports, it will mail the Recipient a warning within one <br /> week of the required filing date. If within 14 days of the post marked date of the warning the reports are <br /> not made, the Recipient agrees to pay to the Grantor a penalty of$100 for each subsequent day until the <br /> report is filed up to a maximum of$ 1;000. <br /> 8. Parent Corporation. There is no parent corporation for the Recipient. <br /> 9. Other Grantors. The following is a list of all financial assistance to be provided by all <br /> grantors for the Project:None. <br /> 10. Term of Agreement. This Agreement will be in full force and effect until the earlier of <br /> the Recipient meeting all of its obligations hereunder or the provisions of the Act no longer apply to the <br /> Grantor,the Recipient or the Project, in which case this Agreement will be terminated. <br /> The Grantor and Recipient have executed this Agreement as of the date written above. <br /> Grantor: <br /> HOUSING AND REDEVELOPMENT <br /> AUTHORITY OF ST. ANTHONY <br /> • By <br /> Its Chair <br /> By <br /> Its Secretary <br /> Recipient: <br /> HILLCREST DEVELOPMENT <br /> By <br /> Its <br />