Town of Erie
File #: 18-213    Version: 1 Name:
Type: Consent Agenda Status: Agenda Ready
File created: 6/6/2018 In control: Urban Renewal Authority
On agenda: 6/12/2018 Final action:
Title: A Resolution By The Town Of Erie Urban Renewal Authority (The “Authority”) Consenting To The Assignment Of The Redevelopment Project Reimbursement Agreement
Attachments: 1. Resolution, 2. Exhibit A

SUBJECT:                     A Resolution By The Town Of Erie Urban Renewal Authority (The “Authority”) Consenting To The Assignment Of The Redevelopment Project Reimbursement Agreement

 

PRESENTER:                     Carolynne White, Legal Counsel to the Town of Erie Urban Renewal Authority

 

FISCAL INFORMATION:                     None

Cost as Recommended:

Balance Available:

Budget Line Item Number:

New Appropriation Required:

 

SUMMARY AND BACKGROUND OF SUBJECT MATTER:                     On December 12, 2017, D & H Erie, LLC and the Town of Erie Urban Renewal Authority entered into a Redevelopment Project Reimbursement Agreement. D & H Erie, LLC obtained financing from a lender per the agreement’s requirements. D & H Erie, LLC requests consent from the Town of Erie Urban Renewal Authority to assign the Agreement and to enter into an agreement of assignment.

 

ATTACHMENTS:                      Resolution

                                                               Exhibit A