Title
A RESOLUTION AUTHORIZING A CONSENT AND AMENDMENT
OF LEASE AGREEMENT AND TRUST INDENTURE
Summary
DESCRIPTION OF TOPIC: (who, what, when, where, why, and how much)
Waiting for documentation from Heyward Hosch.
SOURCE OF FUNDING:
Please provide the amount requested: ____________
Is this a budgeted item? Yes /No
Please provide the budgeted amount: $_____________ Account No. ___________________________
If budgeted, is this a capital purchase, capital project, or special fund? _________________________
Was this item included in the Fiscal Year Capital Projects Plan? Yes/No
If yes, please provide the amount included in Capital Projects Plan: $___________
Body
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FOLEY, ALABAMA (THE “COUNCIL”), AS GOVERNING BODY OF THE CITY OF FOLEY, ALABAMA (the “City”), as follows:
Section 1. The City and The City of Foley Public Facilities Cooperative District (the “District”) have prepared that certain Consent and Amendment of Lease Agreement and Trust Indenture to be dated the date of delivery (the “Consent and Amendment of Lease Agreement and Trust Indenture”), as set forth in Exhibit A hereto, for the purposes referenced therein.
Section 2. The Council does hereby approve, adopt, authorize, direct, ratify and confirm:
(a) the agreements of the City set forth in the Consent and Amendment of Lease Agreement and Trust Indenture, and
(b) the terms and provisions of the Consent and Amendment of Lease Agreement and Trust Indenture, in substantially the form and of substantially the content as set forth in Exhibit A hereto, with such changes thereto (by addition or deletion) as the Mayor shall approve and as shall not increase the amount or the term of the obligations of the City thereunder, which approval shall be conclusively evidenced by execution and delivery of the Consent and Amendment of Lease Agreement and Trust Indenture as hereinafter provided.
Section 3. (a) The Mayor is hereby authorized and di...
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