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86-103 AUTHORIZING THE ISSUANCE OF ECONOMIC DEVELOPMENT REVENUE BONDS (BRETTWOOD VILLAGE ASSOCIATES PROJECT) SERIES A & B
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86-103 AUTHORIZING THE ISSUANCE OF ECONOMIC DEVELOPMENT REVENUE BONDS (BRETTWOOD VILLAGE ASSOCIATES PROJECT) SERIES A & B
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8/26/2016 2:56:46 PM
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8/26/2016 2:56:45 PM
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Resolution/Ordinance
Res Ord Num
86-103
Res Ord Title
AUTHORIZING THE ISSUANCE OF ECONOMIC DEVELOPMENT REVENUE BONDS (BRETTWOOD VILLAGE ASSOCIATES PROJECT) SERIES A & B
Approved Date
12/15/1986
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Trustee" ) and the 1986 Trustee, ( the "Redemption Agreement" ) ; and <br /> ( 5) A form of Preliminary Official Statement relating <br /> to the 1986 Bonds; and <br /> ( 6) The Tax Law Compliance Agreement dated as of <br /> December 1, 1986 among the City, the 1986 Trustee, and the <br /> Partnership ( the "Tax Law Compliance Agreement" ) ; and <br /> WHEREAS, there has also been presented to this meeting for <br /> approval forms of the following described documents: <br /> ( 1) An amendment to that certain Mortgage and Security <br /> Agreement dated as of February 1, 1982 from the Partnership and <br /> the Land Trustee to the City ( the "First Amendment to Mortgage" ) ; <br /> ( 2) An amendment to that certain Assignment of Rents <br /> and Leases dated as of February 1 , 1982 from the Partnership and <br /> the Land Trustee to the City ( the "First Amendment to Assignment <br /> of Rents" ) ; and <br /> ( 3 ) An Assignment of Mortgage and Security Agreement <br /> and of Assignment of Rents and Leases dated as of December 1, <br /> 1986 from the 1982 Trustee to the 1986 Trustee ( the "Assignment <br /> of Mortgage and Assignment of Rents" ) ; and <br /> WHEREAS, to provide for and secure the payment of the <br /> principal of, premium, if any, and up to ten months interest on <br /> the 1986 Bonds, the Letter of Credit issued by the Bank to secure <br /> the 1982 Bonds will be amended or a new transferable irrevocable <br /> standby letter of credit will be issued by the Bank as necessary '� <br /> and appropriate; and <br /> -5- <br />
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