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:
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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