Ordinance 68382

Amendment to Lease Financing Agreement

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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.

Overview

Session: 2009-2010

Board Bill Number: 69

Sponsor: Phyllis Young

Committee: Housing, Urban Development and Zoning

Effective: 07/16/2009

Co-Sponsors:

Fred Wessels, Lewis E Reed

Legislative History

  • 05/15/2009

    First Reading

  • 05/29/2009

    Second Reading

  • 06/05/2009

    Perfection

  • 06/05/2009

    Third Reading

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