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A RESOLUTION AUTHORIZING A PROJECT USER FEE AGREEMENT BY THE CITY OF FOLEY, ALABAMA AND THE CITY OF FOLEY PUBLIC FACILITIES COOPERATIVE DISTRICT (Ganesh Hospitality Group, Inc.)
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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 Project User Fee (Hilton Home 2) Agreement to be dated the date of delivery (the “Project User Fee Agreement”), 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, covenants, and undertakings of the City set forth in the Project User Fee Agreement, and
(b) the terms and provisions of the Project User Fee Agreement, 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 Project User Fee Agreement as hereinafter provided.
Section 3.
(a) The Mayor is hereby authorized and directed to execute and deliver the Project User Fee Agreement for and on behalf of and in the name of the City. The City Clerk is hereby authorized and directed to affix the official seal of the City to the Project User Fee Agreement and to attest the same.
(b) The Mayor and the officers of the City are each hereby authorized and directed to take all such actions, and execute, deliver and perform all such agreements, documents, instruments, notices, and petitions and proceedings, with respect to the Project User Fee Agreement, as the Mayor and such officers shall determine to be necessary or desirable to carry out t...
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