HomeMy WebLinkAboutECHDA24-02 Due Diligence Certification58340734.3
DUE DILIGENCE CERTIFICATION
We, the undersigned, do hereby certify as of March 1, 2024, that we are,
respectively, an authorized official of the Eagle County Housing and Development
Authority (the “Authority”), as the issuing authority responsible for the supervision of the
issuance of the bonds, and an authorized representative of Ulysses Development Group
LLC (the “Sponsor”), as the entity acquiring, rehabilitating and equipping the Eagle
Villas project, through its affiliated or related entity. The undersigned do hereby further
certify, pursuant to Section 24-32-1709(2)(d) of the Colorado Private Activity Bond
Ceiling Allocation Act, with respect to up to $13,200,000 of the 2024 statewide balance
that may be awarded to the Authority, that the Authority and the Sponsor will proceed
with diligence to ensure the issuance of bonds within the carryforward period provided
by Section 146(f) of the Internal Revenue Code of 1986, as amended, including through
the Authority’s delegation to another issuing authority of the authority to act as
the Authority’s agent to issue bonds for such purpose.
DocuSign Envelope ID: B62DE0D9-5FCE-4A28-87F9-8901DA65A9A5
(Signature page to Due Diligence Certificate)
58340734.3
Dated as of the first date written above.
EAGLE COUNTY HOUSING AND
DEVELOPMENT AUTHORITY
By:_________________________________
Name: ______________________________
Title: _______________________________
ULYSSES DEVELOPMENT GROUP LLC
By:_________________________________
Name: Jonathan A. Gruskin
Title: Manager
By:_________________________________
Name: Connor Larr
Title: Manager
DocuSign Envelope ID: B62DE0D9-5FCE-4A28-87F9-8901DA65A9A5
Chair, Board of County Commissione
Matt Scherr
