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Resolution Authorizing the Execution of Certain Documents relating to the Merger of District Cooling St. Paul, Inc. into District Energy St. Paul, Inc., District 17, Ward 2
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WHEREAS, the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota (the “Authority”) previously issued the following bonds and loaned the proceeds thereof to District Cooling St. Paul, Inc. (“District Cooling”) or District Energy St. Paul, Inc. (“District Energy”), as applicable:
A. District Cooling Revenue Bonds, Series 2013A (501(c)(3)), in the original aggregate principal amount of $15,365,000 (the “2013A Cooling Bonds”) , pursuant to a Bond Indenture of Trust, dated as of October 1, 2013 (the “2013A/B Cooling Bond Indenture”), between the Authority and U.S. Bank National Association (the “Bond Trustee”), the proceeds of which were loaned to District Cooling pursuant to a Loan Agreement, dated as of October 1, 2013 (the “2013A/B Cooling Loan Agreement”), between District Cooling and the Authority;
B. District Cooling Revenue Refunding Bonds, Series 2013B (Non-AMT), in the original aggregate principal amount of $4,810,000 (the “2013B Cooling Bonds”), pursuant to the 2013A/B Cooling Bond Indenture, the proceeds of which were loaned to District Cooling pursuant to the 2013A/B Cooling Loan Agreement;
C. District Cooling Revenue Bonds, Series 2013C (501(c)(3)), in the original aggregate principal amount of $4,770,000 (the “Series 2013C Cooling Bonds”), pursuant to a Loan Agreement, dated October 21, 2013 (the “2013C Cooling Loan Agreement”), between the Authority and District Cooling, the proceeds of which were loaned to District Cooling and the Authority’s right, title and interest in the 2013C Cooling Loan Agreement were pledged by the Authority to the purchaser thereof under the terms of a Pledge Agreement, dated October 21, 2013 (the “2013C Cooling Pledge Agreement”);
D. District Heating Revenue Bonds, Series 2013A (501(c)(3)), in the original aggregate ...
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