CC PACKET 09282004 - Laserfiche WebLink

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19. 1.04. LaSalle Bank National Association (the "Senior Bank")has agreed, subject to the satisfaction of certain conditions, to facilitate the financing of the Project by providing credit enhancement and liquidity support for the Senior Bonds pursuant to a credit facility. 1.05. A national banking association(the"Subordinate Bank") is expected to agree, n subject to the satisfaction of certain conditions, to facilitate the financing of the Project by providing credit enhancement and liquidity support for the Series 2004C Bonds pursuant to a credit facility. 1.06. Draft forms of the following documents relating to the Bonds have been prepared and submitted to this Council and are hereby directed to be filed with the City Clerk: (a) a Loan Agreement (the"Senior Loan Agreement"),respecting a loan of the proceeds of the Senior Bonds,proposed to be entered into by the City and the Borrower; (b) an Indenture of Trust(the"Senior Indenture")proposed to be entered into with respect to the Senior Bonds by the City and LaSalle Bank National Association, as trustee (the "Trustee"); (c) a Bond Purchase Agreement(the"Senior Bond Purchase Agreement"), proposed to be entered into with respect to the Senior Bonds by the City,the Borrower and Dougherty& Company LLC (the"Underwriter"); (d) Subordinate Loan Agreements (the"Subordinate Loan Agreements"; together with the Senior Loan Agreement, the "Loan Agreements") respecting a loan of the proceeds of the Series 2004C Bonds and the Series 2004D Bonds,respectively, proposed to be entered into by the City and the Borrower; (e) Subordinate Indentures of Trust (the"Subordinate Indentures"; together with the Senior Indenture, the"Indentures")proposed to be entered into with respect to the Series 2004C Bonds and the Series 2004D Bonds,respectively,by the City and the Trustee; (f) a Subordinate Bond Purchase Agreement(the "Subordinate Bond Purchase Agreement"; together with the Senior Bond Purchase Agreement, the"Bond Purchase Agreements")proposed to be entered into with respect to the Series 2004C Bonds and the Series 2004D Bonds by the City, the Borrower and the Underwriter; (g) a Tax Compliance Agreement(the"Tax Compliance Agreement") proposed to be entered into by the City, the Borrower and the Trustee; (h) a Master Subordination Agreement(the"Subordination Agreement") proposed to be entered into by the Borrower, Trustee, Senior Bank, Subordinate Bank, Issuer and certain other parties; and -2-