Ordinance 68382
Amendment to Lease Financing Agreement
Summary
BOARD BILL # 69 INTRODUCED BY ALDERWOMAN PHYLLIS YOUNG PRESIDENT LEWIS REED, AND ALDERMAN ALFRED WESSELS, JR. An ordinance recommended by the Board of Estimate and Apportionment authorizing the City to execute a certificate stating that the City is not in default under Lease Financing Agreement; providing legal description of the property on which the Kiel Opera House is located (“Opera House Property”) to be released from the transaction involving certain lease certificates of participation; stating purpose for the release of Opera House Property from said transaction; requesting necessary actions be taken for release of the Opera House Property from said transaction; approving certain documents in connection with the release of said leasehold interest; authorizing certain other actions in connection with the foregoing; and containing a severability clause.
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Overview
Session: 2009-2010
Board Bill Number: 69
Primary Sponsors: Phyllis Young
Committee: Housing, Urban Development and Zoning
Effective: 07/16/2009
Co-Sponsors:
Fred Wessels Jr., President Lewis E Reed
Legislative History
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05/15/2009
First Reading
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05/29/2009
Second Reading
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06/05/2009
Perfection
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06/05/2009
Third Reading