Ordinance 68382

Amendment to Lease Financing Agreement

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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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Legislative History

Session: 2009-2010
Board Bill Number: 69
Primary Sponsor: Phyllis Young
Co-Sponsors: Fred Wessels Jr.
Lewis E Reed
Committee: Housing, Urban Development and Zoning
First Reading: 05/15/2009
Second Reading: 05/29/2009
Perfection: 06/05/2009
Third Reading: 06/05/2009
Effective Date: 07/16/2009

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