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HomeMy WebLinkAboutECHDA24-14 Due Diligence Certification 58340734.3 DUE DILIGENCE CERTIFICATION We, the undersigned, do hereby certify as of September 10, 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 (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 the $13,200,000 of the 2024 statewide balance that has been awarded to the Authority, the $3,478,699 of the 2024 direct allocation that has been assigned to the Authority by Eagle County, Colorado, and the $1,060,516 of the 2024 direct allocation that has been assigned to the Authority by Pitkin County, Colorado, 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: DC1A992E-B874-4C0C-8C88-47529F1E49C8 (Signature page to Due Diligence Certificate) 58340734.3 Dated as of the first date written above. EAGLE COUNTY HOUSING AND DEVELOPMENT AUTHORITY By:_________________________________ Matt Scherr, Chair ULYSSES DEVELOPMENT GROUP By:_________________________________ Name:______________________________ Title:_______________________________ Docusign Envelope ID: DC1A992E-B874-4C0C-8C88-47529F1E49C8 Jonathan Gruskin Managing Partner Jeanne McQueeney, Vice Chair ________________