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11-14-01 1. INDENTURE OF TRUST
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2040 Wayzata Boulevard West - 34-118-23-21-0036 - (Orono HRA)
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2040 Wayzata Blvd Land Use - Dunbar
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Dunbar Sr. Hsg. - Finance Doc's - Mike Gaffron File Cabinet 1
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11-14-01 1. INDENTURE OF TRUST
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Last modified
8/22/2023 4:55:34 PM
Creation date
10/4/2021 9:44:21 AM
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x Address Old
House Number
2040
Street Name
Wayzata
Street Type
Boulevard
Street Direction
West
Address
2040 Wayzata Boulevard West
Document Type
Land Use
PIN
3411823210036
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Section 4.03 Project Fund 34 <br /> Section 4.04 Application of Balance of Construction Account 35 <br /> ARTICLE V Application of Revenues; Additional Funds 36 <br /> Section 5.01 Revenue Fund. 36 <br /> Section 5.02 Bond Fund 37 <br /> Section 5.03 Optional Redemption Fund. 38 <br /> Section 5.04 Debt Service Reserve Fund. 39-38 <br /> Section 5.05 Surplus Fund. 40 <br /> Section 5.06 Taxes and Insurance Fund. 40 <br /> Section 5.07 Repair and Replacement Fund. 41 <br /> Section 5.08 Rebate Fund. 41 <br /> Section 5.09 Insurance and Award Fund 42 <br /> Section 5.10 Investment of Funds. 42 <br /> Section 5.11. Operating Reserve Fund. 43 <br /> Section 5.12. Pledge of Tax Increment Revenue. 43 <br /> ARTICLE VI Particular Covenants of the City 44 <br /> Section 6.01 Payment of Bonds. 44 <br /> Section 6.02 Extensions of Payments;No Encumbrances. 44 <br /> ARTICLE VII Remedies on Default 45 <br /> Section 7.01 Events of Default 45 <br /> Section 7.02 Acceleration of Maturity. 45 <br /> Section 7.03 Enforcement of Covenants and Conditions. 45 <br /> Section 7.04 Appointment of Receivers 46 <br /> Section 7.05 Application of Moneys 46 <br /> Section 7.06 Trustee May File Proofs of Claims. 47 <br /> Section 7.07 Right of Trustee to Act Without Possession of Bonds. 47 <br /> Section 7.08 Power of Majority of Senior Bondholders. 48 <br /> Section 7.09 Limitation on Suits by Senior Bondholders 48 <br /> Section 7.10 Waiver by Bondholders. 48 <br /> Section 7.11 Remedies Cumulative; Delay Not To Constitute Waiver. 48 <br /> Section 7.12 Restoration of Rights Upon Discontinuance of Proceedings 49 <br /> ARTICLE VIII Concerning the Trustee 50 <br /> Section 8.01 Acceptance of Trust and Prudent Performance Thereof. 50 <br /> Section 8.02 Trustee May Rely Upon Certain Documents and Opinions. 51 <br /> Section 8.03 Trustee Not Responsible for Indenture Statements,Validity 51 <br /> Section 8.04 Limits on Duties and Liabilities of Trustee 51 <br /> Section 8.05 Money Held in Trust. 52 <br /> Section 8.06 Obligation of Trustee 52 <br /> Section 8.07 Notice to Bondholders,etc. 52 <br /> Section 8.08 Intervention in Judicial Proceedings 52 <br /> Section 8.09 Further Investigation by Trustee. 52 <br /> Section 8.10 Trustee to Retain Financial Records 53 <br /> Section 8.11 Compensation of Trustee. 53 <br /> Section 8.12 Trustee May Hold Bonds. 53 <br /> Section 8.13 Appointment of Trustee 53 <br /> Section 8.14 Merger of Trustee. 53 <br /> Section 8.15 Resignation or Removal of Trustee. 53 <br /> Section 8.16 Appointment of Successor Trustee 54 <br /> - ii- <br />
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