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<br />t.' <br /> <br />... <br /> <br />. <br /> <br />~ <br />~~nta <br /> <br />MOTOR INNS. INC. <br /> <br /> <br />R r ('!, ...~,. . f ... 0 <br />L L~.' :', J :) .~ <br /> <br />10/139275 <br />1599 LaPorte <br /> <br />~!ZJ/JJ !; y <br />CJTY i~:~:...... vi-FleE <br /> <br />Date: October 25, 1985 <br /> <br />CERTIFICATION AS TO COMPLETION <br /> <br />From: <br /> <br />La Quinta Motor Inns, Inc. <br /> <br />First City Bank of Houston <br />Box 809 <br />Houston, TX 77001 <br />Attn: Corp. Trust Division <br /> <br />$3,800,000 City of La Porte Industrial Development Corporation <br />Industrial Development Revenue Bonds, Series 1983 (La Quinta <br />Motor Inns, Inc. Project) <br /> <br />To: <br /> <br />Re: <br /> <br />This Certificate is being delivered to you pursuant to the provlslons <br />of Section 3.6 of that certain Loan Agreement between the City of <br />La Po rte Industr ial Development Co rporation (the "Is suer") and <br />La Quinta Motor Inns, Inc. (the "User"), dated as of November 1, 1983 <br />the "Agreement") relating to the $3,800,000 City of La Porte <br />Industrial Development Corporation Industrial Development Revenue <br />Bonds Series 1983 (La Quinta Motor Inns, Inc. Project). The terms <br />used in this Certificate shall have the meaning ascribed in the <br />Agreement. <br /> <br />The undersigned duly appointed ,Authorized Representative of the <br />User hereby certifies as follows: <br /> <br />1. As of July 31, 1985 (the "Completion Date") the Project has <br />been completed substantially in accordance with. the plans and all <br />costs of such acquisition, construction, furnishing and equipment have <br />been authorized for payment. <br /> <br />2. Of the original proceeds actually disbursed from the Issuer <br />not including any retainage described in paragraph 3 below), not more <br />than the Insubstantial Amount was used to pay other than Quali fy ing <br />Costs. <br /> <br />~ <br /> <br />3. The Trustee is hereby directed to retain $ -0- in the <br />Construction Fund for future disbursement to pay Issuance Costs or <br />Project Costs not now due and payable or the liability for payment of <br />which the User is contesting. <br /> <br />4. The sum of Quali fying Costs plus the Insubstantial Amount <br />exceeds the amount of Or iginal Proceeds heretofore disbursed to pay <br />Project Costs; the User, therefore, directs that on July 23, 1985 when <br />the investments in the construction fund mature: <br /> <br />Office of the General Counsel <br />La Quinta Plaza. P. O. Box 32064 · San Antonio, Texas 78216 · 512-366-6000 <br />