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Agenda - Council - 07/12/2022
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Agenda - Council - 07/12/2022
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3/14/2025 2:34:08 PM
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7/12/2022 9:10:31 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
07/12/2022
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EXHIBIT D <br /> FORM OF CAPITAL REPAIR AND REPLACEMENT FUND REQUISITION <br /> $3790959000 $3159000 <br /> City of Ramsey, Minnesota City of Ramsey, Minnesota <br /> Charter School Lease Revenue Taxable Charter School Lease Revenue <br /> Refunding Bonds Refunding Bonds <br /> (PACT Charter School Project) (PACT Charter School Project) <br /> Series 2022A Series 2022B <br /> CAPITAL REPAIR AND REPLACEMENT FUND REQUISITION <br /> To: U.S. Bank Trust Company, National Association <br /> Mail Code EP-MN-WS3C <br /> 60 Livingston Avenue <br /> St. Paul, MN 55107 <br /> Attn: Christine Robinette <br /> Email: Christine.robinettekusbank.com <br /> v <br /> The undersigned, an authorized representative of PCS Building Company, a Minnesota nonprofit <br /> corporation(the "Company"),hereby requests a disbursement of$ from the Capital <br /> Repair and Replacement Fund established under the Indenture of Trust, dated as of September 1, <br /> 2022 (the "Indenture"), between the City of Ramsey, Minnesota and U.S. Bank Trust Company, <br /> National Association, as trustee, with respect to the above-referenced bonds, and certifies to the <br /> Trustee that such amount is required to (i) reimburse the Company for prior repairs or <br /> improvements or (ii) pay for improvements of the School Facilities as allowed under the Loan <br /> Agreement and Indenture. The undersigned acknowledges and agrees that, subsequent to such <br /> disbursement, the Capital Repair and Replacement Fund shall be replenished in accordance with <br /> the requirements of Section 5.10 of the Indenture. <br /> Capitalized terms used herein that are otherwise not defined shall have the meanings provided in <br /> the Indenture. In executing and delivering this requisition, the Company is relying on the <br /> representations of the Charter School. <br /> Dated: <br /> PCS BUILDING COMPANY <br /> By <br /> Its <br /> PACT CHARTER SCHOOL <br /> By <br /> Its <br /> D-1 <br /> 735810810 <br />
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