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Last modified
3/29/2012 4:37:48 PM
Creation date
3/28/2012 10:18:11 AM
Metadata
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General
Department
City Clerk
General - Type
Resolutions
General 2 - Date
3/20/2012
Number
4
Description
RMIC municipal improvements corporation financing Ryan Bonaminio Park Tequesquite Arroyo
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Assignment Agreement between Pinnacle Public Finance, Inc. (the <br />"Assignee ") under which the Corporation assigns its rights under <br />the Lease to the Assignee. <br />Any of the President or Vice President or Treasurer are and each of them is <br />hereby authorized and directed for and in the name and on behalf of the <br />Corporation to execute the final form of each of the foregoing documents. <br />Section 2 . Material Terms of Lease Agreement. The Lease Agreement <br />shall be for a term of not more than ten years, the aggregate principal amount <br />of the lease payments shall not exceed $4,000,000 and the interest components of <br />the lease payments thereunder shall be computed at an interest rate of 3.05% per <br />annum.. <br />Section 3 . Official Actions. The President, Vice President and Treasurer <br />and all other officers of the Corporation are each authorized and directed in the <br />name and on behalf of the Corporation to make any and all assignments, <br />certificates, requisitions, agreements, notices, consents, instruments of conveyance, <br />warrants and other documents, which they or any of them might deem necessary or <br />appropriate in order to consummate any of the transactions contemplated by the <br />agreements and documents approved under this Resolution. Whenever in this <br />resolution any officer of the Corporation is authorized to execute or countersign any <br />document or take any action, such execution, countersigning or action may be <br />taken on behalf of such officer by any person designated by such officer to act <br />on his or her behalf in the case such officer is absent or unavailable. <br />Section 4 . Effective Date. This Resolution shall take effect from and after <br />the date of its passage and adoption. <br />2613 1.00008\7314236.1 2 <br />
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