Laserfiche WebLink
MnDOT Contract No. <br />EXHIBIT C <br />BOND FINANCED PROPERTY CERTIFICATION <br />State of Minnesota <br />General Obligation Bond Financed Property <br />The undersigned states that it has a fee simple, leasehold and/or easement interest in the <br />real property located in the County(ies) of , State of Minnesota that is generally <br />described or illustrated graphically in Attachment 1 attached hereto and all improvements <br />thereon (the "Restricted Property") and acknowledges that the Restricted Property is or may <br />become State bond -financed property. To the extent that the Restricted Property is or becomes <br />State bond -financed property, the undersigned acknowledges that: <br />A. The Restricted Property is State bond -financed property under Minn. Stat. <br />Sec. 16A.695, is subject to the requirements imposed by that statute, and <br />cannot be sold, mortgaged, encumbered or otherwise disposed of without the <br />approval of the Commissioner of Minnesota Management and Budget; and <br />B. The Restricted Property is subject to the provisions of the Local Road <br />Improvement Program Grant Agreement between the Minnesota Department <br />of Transportation and the undersigned dated , 20 ; and <br />C. The Restricted Property shall continue to be deemed State bond -financed <br />property for 37.5 years or until the Restricted Property is sold with the written <br />approval of the Commissioner of Minnesota Management and Budget. <br />Date: , 20 <br />Notary: <br />[name of Public Entity grantee], a political <br />subdivision of the State of Minnesota <br />By: <br />Name: <br />Title: <br />By: <br />Name: <br />Title: <br />5 <br />