TIF Doc's - 11-28-01 - Laserfiche WebLink

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• j,\ /:, •. 43.4,. O 0 '7-.:...,. to- _ CITY of ORONO �- 1�;�IlIA A '� yq RESOLUTION OF THE CITY COUNCIL `�kEs_H� NO. 4705 (b) the Indenture,authorizing the issuance and setting the terms of the Bonds and pledging the revenues to be derived from the Loan Agreement as security for the Bonds, and setting forth proposed recitals, covenants and agreements relating thereto; (c) a Combination Mortgage,Security Agreement,Fixture Financing Statement and Assignment of Leases and Rents (the "Mortgage"), dated as of November 1, 2001, from the Owner to the City, by which the Owner grants to the City a first mortgage lien on, a security interest in, and an assignment of leases and rents of, its leasehold and ownership interest in the Mortgaged Property(as defined therein); (d) a Subordinated Combination Mortgage, Security Agreement, Fixture Financing Statement and Assignment of Leases and Rents (the "Subordinate Mortgage"), dated as of November 1,2001,from the Owner to the City,by which the Owner grants to the City a second mortgage lien on,a security interest in, and an assignment of leases and rents of, its leasehold and ownership interest in the Mortgaged Property; (e) an Assignment of Mortgage (the "Assignment"), dated as of November 1, whereby the City assigns its interest in the Mortgage and the Subordinate Mortgage to the Trustee; (f) a Development Agreement(the"Development Agreement),dated as of November 1, 2001, between the City, the Orono Housing and Redevelopment Authority (the "HRA") and the Owner, by which the Owner agrees to develop and construct the Project and the HRA agrees to provide tax increment financing to the Project; (g) a Bond Purchase Agreement (the "Bond Purchase Agreement"), between the City, the Owner, and Miller Johnson Steichen Kinnard, Inc. (the "Underwriter") (the documents described in (a) through (g) above being the "Bond Documents"); and Page 2 of 6