July 8-9, 1999
ITEM 104-1005-R0799 Certificate of Completion, Lodge Renovation, Series B and C 1995 Facilities Acquisition and Improvement Revenue Bonds and Series D 1996 Facilities Improvement Revenue Bonds; The University of Montana-Missoula
THAT:The Board of Regents of the Montana University System authorizes The University of Montana to deliver to the Trustee for the Series D 1996 Facilities Improvement Revenue Bonds of The University of Montana a Certificate of Completion for the Lodge Renovation-Missoula project.
EXPLANATION: Section 5.01(c) of the Indenture of Trust for the Series D 1996 Facilities Improvement Revenue Bonds provides that, within 90 days after the completion of each project, The University of Montana, on behalf of the Board of Regents, shall deliver a Certificate of Completion to the Trustee. The certificate must confirm completion of the project in accordance with the plans and specifications, full payment of the project, and state that no claim or claims exist against the Board.
ATTACHMENT: Draft of the certificate which will be executed upon approval of the Board of Regents.