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File #: 2017-4150   
Type: Resolution Status: Passed
File created: 1/12/2017 In control: City Council
On agenda: 1/26/2017 Final action: 1/26/2017
Title: Consider a resolution authorizing the Mayor to execute a Collateral Assignment of Economic Development Agreement with KR Acquisitions LLC and KR CC, Inc.
Attachments: 1. Resolution, 2. Exhibit A

Title

Consider a resolution authorizing the Mayor to execute a Collateral Assignment of Economic Development Agreement with KR Acquisitions LLC and KR CC, Inc.

 

Body

This resolution authorizes the Mayor to execute a Collateral Assignment of the Economic Development Agreement. This document allows Kalahari to collaterally assign the Economic Development Agreement to its lender, Bank of Wisconsin Dells.