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Community Development Department <br /> <br /> 2660 Civic Center Drive Roseville MN 55 ! 13 <br /> <br />phone: 651.490.2279 fax: 651.490.2931 <br /> <br />PARTICIPATION AGREEMENT <br />BUSINESS LOAN PROGRAM <br /> <br />DATE AMOUNT OF PARTICIPATION <br /> <br /> The undersigned lender, (herein called "Bank") <br /> <br />hereby certifies that the City of Roseville(herein called "City") has a participation from <br /> <br />the date hereof in the amount of $ <br />being in that certain indebtedness of <br /> <br />dollars, said participation <br /> <br /> to the Bank in the total <br /> <br />amount of $. dollars (the "indebtedness"), with the City <br /> <br />participation bearing a fixed interest at the rate of two percent and the Bank <br />participation bearing an interest rate of <br /> <br /> percent (not to exceed two and one-half points over prime), all as <br /> <br />evidenced by Note(s) dated , with payments starting <br /> <br />due and all mortgage or other security therefor and all guaranty <br /> <br />or other instruments, if any, given in connection therewith for financing improvements <br /> <br />to an existing business located at , in the City of <br /> <br />Roseville. The security for this indebtedness is (describe collateral) <br /> <br /> <br />