96-043 Resolution - Laserfiche WebLink

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; # .... ._ , ?....?. . - - ? .,00000000? ?.r. _ Wrl :REAS, the Borrower is desirous of obtaining financing for necessary Project Facilities, u:i:ng fur::d3 from the WPCLF; and WHE'KEAS, the State is willing to provide financing to the Borrower for sach Project Facilities, w-!d the Du-ector has deterrnined that the Borrower has comptied with the requirements ofahio Rex,ised Ccide Sectidn 6111,036, and is therefore eligible for financial assistance for its Projcct Fac?lities under the CWA and said Section; and WT3^REAS, the Borrower has demonstrated to the satisfaction of the State that it has thf; capability io pay the, Semi-Annual Payment over the Contract Period of Years; and VVkiEREAS, the State and the Borrowcr have deternuned to enter into this Agreenent to sct forth the:-- respective obligatior.s with respect to the financing, cons•truction, operation and ownership cf the Proiect Facilities; NOIV =1EFORE, in consideration ofthe premises and muttiai covenants herein contained, the parties hereto do hereby agree as foilows: A.,RTICLE I - DEFINITIQNS Secticn 1,1. Except where the context cleariy indicates otherwise, the following ter.ms as used in this s.greement shali have tne meaning ascribed to them in this ikrticle: (a) ",kpplication Fee" means a charge levied and paid by the Borrower at the time of the executio;:1 of thi., Agreement to partiaity offset administrative costs of the Agreement. This fee is not an EligiblE Froject Cost and is in addition to the Semi-Annual Payment. The fee is calculated at rhirty five hundredths of ane pereent (.35%) of the estimated Etigibte Project Costs, or four hundred doqars ($400,00), whichever is the greatcr. (b) "ApProved Application" means the application submitted to the Director on the date shown on Ex1-.ibit 1:ts the "Application bate," together with aIl attachments, supporting documentation, amendments and supplemettts thereto as appraved by the State, together with any amendmcnts thereto approved by the $orrower and the State aftcr the date of this Agreement. (c) "°3orrower" means the entity identified an Exhibit 1, which ::s an entity eligible to receive assisti-.nce ur..der Section 603(G) of the CtiVA and ORC Section +5111.036. (d) "Capitalized Interest Rate" means the effective rate of interest at which interest accrues on PEncipal Amounts disbursed ducYng the construciion period fYOm the date of such disbursement. (e) "I?ontract Interest Rate" means the interest rate per annum shown on Exhibit 1 as "Interest kate." 2