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<br />EXHIBIT "AJJ <br />GOVERNMENTAL ENTITY CONTRIBUTIONS <br /> <br />OF <br />GROWTH INITIATIVE FUND <br /> <br />ARTICLE I. <br />Contributions <br /> <br />Section 1. AGREEMENT. As originally adopted in the February 14, 1997 <br />Memorandum of Understanding, the three governmental entities of the City of Fargo, the City of <br />West Fargo, and Cass County desired to have the GIF administer the PACE Program and act as <br />the "community" in the PACE program and to deal generally with all matters regarding the PACE <br />Program and any successor program for Fargo, West Fargo, and Cass County. <br /> <br />Section 2. FUNDING. The intent of the three governmental entities in the <br />Memorandum of Understanding was to contribute money as well as assign existing PACE loans <br />and future PACE loan repayments to the GIF for the PACE Program to constitute a perpetual <br />revolving fund for PACE loans. <br /> <br />The contributions and loan assignments from the three governmental entities to the GIF <br />are as follows: <br /> <br />(a) <br /> <br />Cash Contributions. <br />1. CityofFargo-$1,887,498.72 <br />2. City of West Fargo- $254,916.00 <br />3. Cass County - $3,721,276.00 <br /> <br />(b) <br /> <br />PACE Loan Contributions <br />1. City of Fargo - $815,644.00 <br />2. City of West Fargo - $0 <br />3. Cass County - $500,000 <br /> <br />ARTICLE II. <br />Amendments <br /> <br />To reflect any future contributions, this Appendix may be amended by the Board of <br />Directors at any regular or special meeting of the Directors to the full extent permitted by law <br />provided that any alteration or amendment is approved by the members of the GIF. <br /> <br />Secretary <br /> <br />ADOPTED: October 28, 2004 <br />