HomeMy WebLinkAboutResolution No. 122-14 RESOLUTION
BE IT RESOLVED by the Common Council of the City of Rochester that the City approve
of and execute the Release and Termination of Guaranty of Unassigned Issuer's Rights as part
of the transfer of the MDC Lease to TCJT, Inc. This involves property located in the air cargo
area at the Rochester International Airport previously occupied by DFIL until their departure from
the airport in 2008.
BE IT FURTHER RESOLVED that this approval is subject to the City Attorney's
determination that the Guaranty of Unassigned Issuer's Rights was satisfied as a result of the
transfer of the lease.
The Mayor and City Clerk are authorized and directed to execute this agreement on
behalf of the City.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS ! DAY OF _Zr) / -, 2014.
•
PRESIDENT dF SAID C MON COUNCIL
ATTEST:
CITY CLERK
APPROVED THIS DAY OF A 12014,
40
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)
Res I MAirporl\Agree.55