IV. MODIFICATION/TERMINATION Is the Ground Lease/Easement structured so that it cannot be modified, Yes restated, amended, changed in any way, or prematurely terminated or No cancelled without the prior written consent and authorization by the State Entity and the Commissioner? * Section or paragraph numbers in the Ground Lease/Easement that satisfy this requirement: __________________ V. TERM OF GROUND LEASE/EASEMENT Is one of the following two provisions satisfied (i.e. one of the following Yes two questions must be answered "Yes")? No A. If the Ground Lease/Easement is only for the Real Yes Property, is the original term of the Ground No Lease/Easement greater than 37.5 years, or such other N/A period of time specifically authorized by a Minnesota statute, rule or session law? * Section or paragraph numbers in the Ground Lease/Easement that satisfy this requirement: __________________ B. If the Ground Lease/Easement is for the Real Property Yes and Facilities, is the original term of the Ground No Lease/Easement greater than 125% of the useful life of N/A the Facility, or such other period of time specifically authorized by a Minnesota statute, rule or session law? * Section or paragraph numbers in the Ground that satisfy this requirement: __________________ VI. PAYMENTS DUE UNDER GROUND LEASE/EASEMENT Is the Ground Lease/Easement structured so that there are no payments Yes due thereunder or that all payments due thereunder are due as a single lump No sum on the date that the Ground Lease/Easement is first made and entered into? * Section or paragraph numbers in the Ground Lease/Easement that satisfy this requirement: __________________
IV. MODIFICATION/TERMINATION Is the Ground Lease/Easement structured so that it cannot be modified, restated, amended, changed in any way, or prematurely terminated or cancelled without the prior written consent and authorization by the State Entity and the Commissioner? * Section or paragraph numbers in the Ground Lease/Easement that satisfy this requirement: __________________ Yes No V. TERM OF GROUND LEASE/EASEMENT Is one of the following two provisions satisfied (i.e. one of the following two questions must be answered "Yes")? Yes No A. If the Ground Lease/Easement is only for the Real Property, is the original term of the Ground Lease/Easement greater than 37.5 years, or such other period of time specifically authorized by a Minnesota statute, rule or session law? * Section or paragraph numbers in the Ground Lease/Easement that satisfy this requirement: __________________ Yes No N/A B. If the Ground Lease/Easement is for the Real Property and Facilities, is the original term of the Ground Lease/Easement greater than 125% of the useful life of the Facility, or such other period of time specifically authorized by a Minnesota statute, rule or session law? * Section or paragraph numbers in the Ground that satisfy this requirement: __________________ Yes No N/A VI. PAYMENTS DUE UNDER GROUND LEASE/EASEMENT Is the Ground Lease/Easement structured so that there are no payments due thereunder or that all payments due thereunder are due as a single lump sum on the date that the Ground Lease/Easement is first made and entered into? * Section or paragraph numbers in the Ground Lease/Easement that satisfy this requirement: __________________ Yes No
State-of-Minnesota-Post-Issuance-compliance-procedures-June2012-Revised-2_tcm1059-129646.docx