Agenda - Council - 07/12/2022 - Laserfiche WebLink

Home

EXHIBIT C FORM OF 2022 PROJECT FUND REQUISITION 2022 PROJECT FUND REQUISITION U.S. Bank Trust Company, National Association Mail Code EP-MN-WS3C 60 Livingston Avenue St. Paul, MN 55107 Attn: Christine Robinette Email: Christine.robinettegusbank.c om The undersigned, being a duly qualified representative of PCS Building Company, a Minnesota nonprofit corporation (the "Company"), and a duly qualified representative of PACT Charter School, a Minnesota nonprofit corporation and public charter school (the "School"), do hereby certify pursuant to Section 5.4 of the Indenture(defined below) and Section 5.6 of the Loan Agreement, dated as of September 1, 2022 (the "Loan Agreement"),between the City of Ramsey, Minnesota and the Company as follows: 1. We have read Section 5.4 of the Indenture and Section 5.6 of the Loan Agreement and the definitions in the Indenture of Trust, dated as of September 1, 2022 (the "Indenture"), between the Issuer and U.S. Bank Trust Company, National Association, a national banking association (the "Trustee"), relating thereto. All capitalized terms used in this Request have the meaning given to them in the Indenture. This Request is being delivered to the Trustee in accordance with said Section 5.4 of the Indenture and Section 5.6 of the Loan Agreement. 2. The amount and nature and the name and address of the payee of each item of Project Costs paid by and requested to be reimbursed to the Company is attached hereto as Schedule A. together with a canceled check or receipt for such payment. 3. The amount and nature and the name and address of the payee of each item of Project Costs due and payable by the Company, and requested to be paid to a person other than the Company is attached hereto as Schedule B, along with a statement from the payee. 4. Each item of cost for which payment or reimbursement is requested is or was necessary in connection with the 2022 Project, qualifies as Project Costs under the Loan Agreement and was made or incurred in accordance with the Plans and Specifications currently in effect for the 2022 Project. 5. There has not been filed with or served upon the Company or the Charter School any notice of any lien, right to a lien or attachment upon or claim affecting the right of any such Person to receive payment of the amount stated in this Request that has not been released or will not be released simultaneously with the payment of such obligation, except for liens then being diligently contested in good faith by the Company in compliance with Section 4.4 of the Loan Agreement. C-1 735810810