File #: ID#23-493    Version: 1 Name:
Type: Resolution Status: Agenda Ready
File created: 7/31/2023 In control: City Council
On agenda: 8/8/2023 Final action:
Title: Encumbrance of SEATEC Underground Utilities, INC. Leasehold at the Salinas Municipal Airport at 467 Airport BLVD. in Favor of Bank of America
Attachments: 1. Council Report - Seatec Consent to Encumbrance, 2. Resolution - Seatec Consent to Encumbrance, 3. Seatec Lease (2016), 4. BofA Approval Letter - Seatec Consent to Encumbrance, 5. BofA - Amended and Restated Consent to Encumbrance of Leasehold Estate - DRAFT, 6. BofA - Leasehold DOT, 7. BofA - Modification of DOT, 8. BofA - Standard Credit Agreement

Title

Encumbrance of SEATEC Underground Utilities, INC. Leasehold at the Salinas Municipal Airport at 467 Airport BLVD. in Favor of Bank of America

 

Recommended Action

Approve a Resolution consenting to the encumbrances of the Seatec Underground Utilities, Inc. leasehold in favor of Bank of America, N.A., in an amount not to exceed $1,309,903.00.