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2025.07.07 CC Packet
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2025.07.07 CC Packet
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11/3/2025 1:49:35 PM
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City Council
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172981943v5 <br /> <br /> <br /> 29 <br /> <br />Section 7.18 USA Patriot Act. Federal law requires all financial institutions to obtain, <br />verify and record certain information to verify the identity of each person or entity that opens an <br />account, including deposit accounts, treasury management accounts, loan accounts or other <br />extensions of credit, or other financial services. Lender will ask Borrower for Borrower’s name, <br />address, taxpayer identification number and such other information as will allow Lender to identify <br />Borrower. Lender will also ask an individual with significant responsibility for managing <br />Borrower, for the same or similar information pertaining to such individual. Lender will verify <br />and record the information and will retain and maintain the record as required by the USA Patriot <br />Act and implementing regulations. Borrower warrants and represents that the information it <br />provides to Lender for these purposes is and will be correct and accurate. <br />Section 7.19 Non-Responsibility. Neither the City nor the Lender assumes liability for <br />the sufficiency of Note proceeds to finance the Project. <br />[Remainder of page intentionally left blank.] <br /> <br /> <br /> <br />
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