Agenda - Council - 02/08/2011 - Laserfiche WebLink

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To: U.S. Bancorp 60 Livingston Avenue St. Paul, MN 55107 -2292 Attn: Jay Paulson OFFICER'S CERTIFICATE Briggs and Morgan Professional Association 332 Minnesota Street, Suite 2200 St. Paul, MN 55101 Attn: Mary L. Ippel We, Bob Ramsey and Kurt Ulrich, hereby certify that we are the duly qualified and acting Mayor and Administrator, respectively, of the City of Ramsey, Minnesota, (the "City "), and that: A. The City, as Lessee, entered into that certain Lease Agreement, dated as of June 1, 2005, with the Economic Development Authority of the City of Ramsey, Minnesota (the "Authority "), as Lessor (the "Project Lease ") in connection with the Authority's issuance and sale of its original principal amount $19,200,000 Public Project Lease Revenue Bonds, Series 2005A (City of Ramsey, Minnesota Lease Obligation) (the "Bonds "). The proceeds of the Bonds were issued to finance the acquisition, construction and equipping of a municipal center consisting of a city hall, administration facilities, police facilities and related parking facilities (the "Project "). The City ground leased certain land to the Authority pursuant to a Ground Lease Agreement, dated as of June 1, 2005 (the "Ground Lease "), between the Authority and the City. The Authority has leased the Project to the City pursuant to the Project Lease. The Authority entered into an Indenture of Trust, dated as of June 1, 2005 (the "Indenture "), with U.S. Bank National Association (the "Trustee ") to, among other things, secure the payment of the Bonds. B. The City is proposing to release a portion of the unimproved land from the Project Lease and the Ground Lease, pursuant to Sections 8.6 and 8.7 of the Project Lease. THEREFORE, the undersigned, on behalf of the City, hereby has provided to the Trustee the following documentation as required pursuant to the Project Lease: 1. The plat or survey of the Land prepared and certified by a registered Minnesota land surveyor, showing the land to be released and the location in relation thereto of all buildings, structures and permanently installed equipment on the land, and all other easements, roads, tracks and utility installations; 3039018v1 2. A Resolution of the City authorizing the release of unimproved land; 3. A Resolution of the Authority authorizing the release of unimproved land; 4. A certificate of the Independent Engineer; 5. Release of Land and Amendment to Ground Lease Agreement; 6. Release of Land and Amendment to Lease Agreement;