City of Round Rock - File #: 2017-4151

• File #: 2017-4151
• 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 Master Development Agreement with KR Acquisitions LLC and KR CC, Inc.

Date	Ver.	Action By	Action	Result
1/26/2017	1	City Council	approve	Pass

Title

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

Body

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