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2007-001 SAFA
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2007-001 SAFA
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Last modified
1/3/2012 12:19:33 PM
Creation date
3/19/2007 11:48:13 AM
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City Clerk
Doc Type
Resolution
Doc #
SAFA 2007-001
Date
3/5/2007
Destruction Year
PERM
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<br />H. The Authority will assign its rights under the Site Lease and the Lease <br />Agreement to All Points; <br /> <br />I. It is in the public interest and for the public benefit that the Authority <br />authorize and direct execution of the Site Lease and the Lease <br />Agreement with the City and certain other financing documents in <br />connection therewith; and <br /> <br />J. The documents below specified shall be filed with the Authority and the <br />members of the Board, with the aid of its staff, shall review said <br />documents; <br /> <br />Section 2. The below-enumerated documents, substantially in the forms on file <br />with the Secretary, be and are hereby approved, and the Executive Director is hereby <br />authorized and directed to execute said documents, with such changes, insertions and <br />omissions as may be approved by such official, and the Secretary is hereby authorized <br />and directed to attest to such official's signature: <br /> <br />A. A termination agreement, by and among the City, the Authority and All <br />Points, terminating all documents relating to the 2005 lease/leaseback <br />transaction; <br /> <br />B. The Site Lease, by and between the City, as lessor, and the Authority, as <br />lessee, pursuant to which the City will lease certain real property (the <br />"Site") to the Authority; <br /> <br />C. The Lease Agreement, by and between the Authority, as lessor, and the <br />City, as lessee, pursuant to which the Authority will lease the Site and the <br />Improvements back to the City; and <br /> <br />D. ' An assignment agreement, by and between the Authority and the <br />Assignee, pursuant to which the Authority will assign certain of its rights <br />under the Lease Agreement, including its right to receive lease payments <br />thereunder, to All Points. <br /> <br />Section 3. The Executive Director, the Secretary and other officials of the <br />Authority are hereby authorized and directed to execute such other agreements, <br />documents and certificates as may be necessary to effect the purposes of this <br />resolution and the lease financing herein authorized. <br /> <br />Section 4. This Resolution shall take effect upon its adoption by the Authority <br />Board. <br />ADOPTED this 5th day of March, 2007. <br /> <br /> <br />Resolution No. SAFA 2007 -001 <br />Page 2 of 3 <br />
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