My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
1982-140
CBCC
>
Resolutions
>
1980'S
>
1982
>
1982-140
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
3/20/2023 11:08:48 AM
Creation date
3/20/2023 11:08:15 AM
Metadata
Fields
Template:
Resolutions
Resolution Number
1982-140
Approved Date
12/23/1982
Subject
Fixing the maturity & interest payment dates for an $850,000 Industrial Develop
Revenue Bonds, Series 1982 (Rampmaster Project)
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
30
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
4D <br />•• <br />(6) that, other than the payments which are the sub- <br />ject of the requisition, all outstanding claims for labor, <br />materials and fixtures through the date of the last requisition <br />have been paid and any liens therefor waived in writing; <br />(7) that all work on the Improvements has been done <br />in a good and workmanlike manner by the General Contractor and all <br />subcontractors in accordance with the Plans and Specifications; and <br />(8) that the amounts remaining the Project Fund <br />after payment of such requisition will be sufficient to pay the <br />cost of completing the Improvements. <br />(b) In addition, if any requi^,ition includes an item for <br />payment for labor or to contractors, builders or materialmen, the <br />relevant bills, invoices or statements showing the amounts due and <br />a certificate attached to the requisition signed by the <br />Proprietor's Authorized Representative, stating that (1) obliga- <br />tions as stated on the requisition have been properly incurred, <br />(2) such work was actually performed or such materials or supplies <br />were actually furnished or installed in or about the Project and <br />are a proper charge against the Cost of the Project and (3) either <br />such materials or supplies are not subject to any lien or security <br />interest or any such lien or security interest will be released or <br />discharged upon payment of the requisition. <br />(c) The Proprietor shall furnish evidence satisfactory to <br />the Bondholder that an executed amendment to all financing state- <br />ments has been filed, satisfying the requirements of Section <br />679.401 of the UCC and adding the description of the Chattels any <br />items of Chattels, not previously included in such financing sta- <br />tements, acquired as part of the Project. <br />(d) Written notice shall have been delivered to the <br />Depository by the issuer (the "Title Company") of the title <br />insurance loan policy referred to in Section 4(b) hereof which sta- <br />tes that the Title Company is prepared to issue and deliver to the <br />Bondholder an endorsement to such title insurance loan policy which <br />(1) extends the coverage in such policy to the date of the <br />requested payment, subject to no new exceptions to coverage <br />thereunder, (2) increases the liability of the Title Company under <br />any "pending disbursements" limitation in such title insurance loan <br />policy to an amount equal to the sum of all payments (including the <br />requestiid payment) which have been made by the Depository from the <br />Project Fund, and (3) provides that such title insurance loan <br />policy will insure against loss or damage by reason of lack of <br />priority of the Mortgage and Security Agreement over any lien, or <br />right to a lien, imposed by law for the costs of services, labor <br />-12- <br />
The URL can be used to link to this page
Your browser does not support the video tag.