EX-25.1 6 d352922dex251.htm STATEMENT OF ELIGIBILITY OF TRUSTEE ON FORM T-1 Statement of Eligibility of Trustee on Form T-1

Exhibit 25.1

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM T-1

 

 

STATEMENT OF ELIGIBILITY

UNDER THE TRUST INDENTURE ACT OF 1939 OF A

CORPORATION DESIGNATED TO ACT AS TRUSTEE

 

¨ CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(b)(2)

 

 

U.S. BANK NATIONAL ASSOCIATION

(Exact name of trustee as specified in its charter)

 

 

31-0841368

(I.R.S. Employer Identification No.)

 

800 Nicollet Mall, Minneapolis, Minnesota   55402
(Address of principal executive offices)   (Zip Code)

David Schlabach

U.S. Bank National Association

1350 Euclid Avenue

Cleveland, Ohio 44115

(216) 623-5987

(Name, address and telephone number of agent for service)

 

 

M/I Homes, Inc.

(Exact name of obligor as specified in its charter)

 

 

 

Ohio   31-1210837

(State or other jurisdiction of

incorporation or organization)

  

(I.R.S. Employer

Identification No.)

 

3 Easton Oval, Suite 500, Columbus, Ohio   43219
(Address of principal executive offices)   (Zip Code)

 

 

(See table of co-obligors on the following page)

 

 

8.625% Senior Notes due 2018

and Guarantees of 8.625% Senior Notes due 2018

(Title of the indenture securities)

 

 

 

TABLE OF CO-OBLIGORS

The following direct and indirect wholly-owned subsidiaries of M/I Homes, Inc. are guarantors of M/I Homes, Inc.’s obligations under the 8.625% Senior Notes due 2018 and are co-obligors.

 

Exact name of co-obligor as specified in its charter*

    State or other
jurisdiction of
incorporation or
organization		    I.R.S. Employer
Identification No.
MHO Holdings, LLC    Florida    75-3087795
MHO, LLC    Florida    75-3087795
M/I Homes First Indiana LLC    Indiana    31-1210837
M/I Homes of Central Ohio, LLC    Ohio    36-4530649
M/I Homes of Charlotte, LLC    Delaware    73-1668983
M/I Homes of Chicago, LLC    Delaware    41-2240732
M/I Homes of Cincinnati, LLC    Ohio    37-1466139
M/I Homes of DC, LLC    Delaware    73-1668967
M/I Homes of Florida, LLC    Florida    75-3087790
M/I Homes of Grandview Yard, LLC    Ohio    80-0739449
M/I Homes of Houston, LLC    Delaware    80-0569230
M/I Homes of Indiana, L.P.    Indiana    04-3661814
M/I Homes of Orlando, LLC    Florida    75-3087793
M/I Homes of Raleigh, LLC    Delaware    73-1668974
M/I Homes of San Antonio, LLC    Delaware    80-0687761
M/I Homes of Tampa, LLC    Florida    75-3087792
M/I Homes of West Palm Beach, LLC    Florida    75-3087794
M/I Homes Second Indiana LLC    Indiana    31-1210837
M/I Homes Service, LLC    Ohio    31-1626248
M/I Properties LLC    Ohio    31-1210837
Northeast Office Venture, Limited Liability Company    Delaware    31-1444839
Prince Georges Utilities, LLC    Maryland    27-2403139
The Fields at Perry Hall, L.L.C.    Maryland    52-2293749
Wilson Farm, L.L.C.    Maryland    52-2009441

 

* The address, including zip code, of each co-obligor’s principal executive offices is the same as that of M/I Homes, Inc.

Item 1. General Information.

Furnish the following information as to the trustee:

(a) Name and address of each examining or supervising authority to which it is subject.

 

Name

   

Address

Comptroller of the Currency    Washington, D.C. 20219

(b) Whether it is authorized to exercise corporate trust powers.

Yes.

Item 2. Affiliations with the obligor.

If the obligor is an affiliate of the trustee, describe each such affiliation.

None.

 

Items 3-15. Items 3-15 are not applicable because, to the best of the trustee’s knowledge, the obligor is not in default under any indenture for which the trustee acts as trustee.

Item 16. List of Exhibits.

List below all exhibits filed as a part of this statement of eligibility.

 

Exhibit
No.

   

Description

1    A copy of the articles of association of the trustee.*
2    A copy of the certificate of authority of the trustee to commence business.†
3    A copy of the authorization of the trustee to exercise corporate trust powers.†
4    A copy of the existing bylaws of the trustee.**
6    The consent of the trustee required by Section 321(b) of the Trust Indenture Act of 1939.†
7    Report of condition of the trustee as of March 31, 2012 published pursuant to law or the requirements of its supervising or examining authority.†

 

† Filed herewith.
* Incorporated herein by reference to Exhibit 25.1 to Amendment No. 2 to the Registration Statement on Form S-4 of Revlon Consumer Products Corporation filed on November 15, 2005 (Registration No. 333-128217).
** Incorporated herein by reference to Exhibit 25.1 to the Registration Statement on Form S-4 of Easton-Bell Sports, Inc. filed on May 5, 2010 (Registration No. 333-166527).

SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, the trustee, U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Cleveland, State of Ohio, on the 7th day of June, 2012.

 

U.S. BANK NATIONAL ASSOCIATION
By:  

/s/ David Schlabach

  David Schlabach
  Vice President

Exhibit 2

 

LOGO

 

 

Comptroller of the Currency

Administrator of National Banks

 

Washington, DC 20219

CERTIFICATE OF CORPORATE EXISTENCE

I, John Walsh, Acting Comptroller of the Currency, do hereby certify that:

1. The Comptroller of the Currency, pursuant to Revised Statutes 324, et seq., as amended, 12 U.S.C. 1, et seq., as amended, has possession, custody and control of all records pertaining to the chartering, regulation and supervision of all National Banking Associations.

2. “U.S. Bank National Association,” Cincinnati, Ohio, (Charter No. 24), is a National Banking Association formed under the laws of the United States and is authorized thereunder to transact the business of banking on the date of this Certificate.

 

LOGO  

IN TESTIMONY WHERE OF, I have hereunto subscribed my name and caused my seal of office to be affixed to these presents at the Treasury Department, in the City of Washington and District of Columbia, this September 9, 2010.

 

 

LOGO

 

 

Acting Comptroller of the Currency

Exhibit 3

 

LOGO

 

 

Comptroller of the Currency

Administrator of National Banks

 

Washington, DC 20219

CERTIFICATE OF FIDUCIARY POWERS

I, John Walsh, Acting Comptroller of the Currency, do hereby certify that:

1. The Comptroller of the Currency, pursuant to Revised Statutes 324, et seq., as amended, 12 U.S.C. 1, et seq., as amended, has possession, custody and control of all records pertaining to the chartering, regulation and supervision of all National Banking Associations.

2. “U.S. Bank National Association,” Cincinnati, Ohio, (Charter No. 24), was granted, under the hand and seal of the Comptroller, the right to act in all fiduciary capacities authorized under the provisions of the Act of Congress approved September 28, 1962, 76 Stat.668, 12 U.S.C. 92 a, and that the authority so granted remains in full force and effect on the date of this Certificate.

 

LOGO  

IN TESTIMONY WHERE OF, I have hereunto subscribed my name and caused my seal of office to be affixed to these presents at the Treasury Department, in the City of Washington and District of Columbia, this September 9, 2010.

 

 

LOGO

 

 

Acting Comptroller of the Currency

Exhibit 6

CONSENT

In accordance with Section 321(b) of the Trust Indenture Act of 1939, the undersigned, U.S. BANK NATIONAL ASSOCIATION, hereby consents that reports of examination of the undersigned by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.

Dated: June 7, 2012

 

U.S. BANK NATIONAL ASSOCIATION
By:  

/s/ David Schlabach

  David Schlabach
  Vice President

Exhibit 7

U.S. Bank National Association

Statement of Financial Condition

as of 3/31/2012

(Dollars in thousands)

 

     3/31/2012  

Assets

   

Cash and Balances Due From Depository Institutions

    $ 9,560,436   

Securities

      72,930,403   

Federal Funds

      33,777   

Loans & Lease Financing Receivables

      204,146,986   

Fixed Assets

      5,372,613   

Intangible Assets

      12,620,805   

Other Assets

      25,562,406   
  

 

 

  

Total Assets

    $ 330,227,426   

Liabilities

   

Deposits

    $ 238,678,346   

Fed Funds

      6,937,931   

Treasury Demand Notes

      0   

Trading Liabilities

      349,463   

Other Borrowed Money

      31,722,312   

Acceptances

      0   

Subordinated Notes and Debentures

      5,929,362   

Other Liabilities

      10,661,152   
  

 

 

  

Total Liabilities

    $ 294,278,566   

Equity

   

Minority Interest in Subsidiaries

    $ 1,947,357   

Common and Preferred Stock

      18,200   

Surplus

      14,133,323   

Undivided Profits

      18,849,980   
  

 

 

  

Total Equity Capital

    $ 35,948,860   

Total Liabilities and Equity Capital

    $ 330,227,426   

To the best of the undersigned’s determination, as of the date hereof, the above financial information is true and correct.

 

U.S. Bank National Association
By:  

/s/ David Schlabach

  David Schlabach
  Vice President

Date: June 7, 2012