BOND PURCHASE AGREEMENTBond Purchase Agreement • December 6th, 2017 • Michigan
Contract Type FiledDecember 6th, 2017 JurisdictionThe undersigned, Scottsdale Capital LLC, as Purchaser (the “Purchaser”), offers to enter into this Bond Purchase Agreement relating to the $[ ] Limited Obligation Tax Increment Revenue Bonds, Series 2017 (Taxable) (the “Bonds”) of the Brownfield Redevelopment Authority of the City of East Lansing, Counties of Clinton and Ingham, State of Michigan (the “Issuer”). This offer is made subject to the Issuer’s acceptance of this Agreement on or before 5:00 p.m., Eastern Time, on the date hereof, and if not so accepted will be subject to withdrawal by the Purchaser upon notice delivered to the Issuer at any time prior to acceptance hereof by the Issuer. The Bonds are to be issued and sold pursuant to the provisions of Act 381, Public Acts of Michigan, 1996, as amended (“Act 381”), Act 34, Public Acts of Michigan, 2001, as amended (“Act 34”), a resolution duly adopted by the Issuer on October 6, 2017 and supplemented on December 7, 2017 (the “Resolution”), and Trust Indenture dated as of Decem