HomeMy WebLinkAboutResolution - 2017-R0037 - Banc Of America Public Capital Corp - 02/09/2017Resolution No.2017-R0037
Item No.5.7
February 9,2017
RESOLUTION
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the Mayor of the City of Lubbock is hereby authorized and directed to
execute for and on behalf of the City of Lubbock a Notice and Acknowledgement of
Assignment dated December 1, 2016, between Huntington Public Capital Corporation
("Assignor")and Banc of America Public Capital Corp ("Assignee"),related to the
Master Lease Agreement dated February 28, 2013,between the City of Lubbock and
Banc of America Public Capital Corp. Said Notice and Acknowledgement of
Assignment and Sale is attached hereto and incorporated in this resolution as if fully
set forth herein and shall be included in the minutes of the City Council.
Passed by the City Council on February 9 ,201 7 .
DANIEL M.POPE,MAYOR
ATTEST:
httJ-M-
Rebecca Garza,City Secre
APPROVED AS TO CONTENT:
Linda Cuellar,Acting Executive Director of Finance
APPROVED AS TO FORM:
^L
RES.Agrmnt-Huntington Public Capital & Banc of America Public Capital
12-01-16
Resolution No. 2017-R0037
Notice of and Request for Consent to Assignment
December 1, 2016
Via United Parcel Service
City of Lubbock, Texas
1625 13" Street
Lubbock; Texas 79401
Attention: Executive Director of Finance
Re: Assignment of Appendix No. 11076-28, dated as of September 30, 2015 (as amended, the
"Schedule") to the Master Lease Agreement, dated as of February 28, 2013, between the City of
Lubbock, Texas and Banc of America Public Capital Corp and thereafter assigned to Huntington
Public Capital Corporation ("Assignor")
You are hereby notified and your consent is requested as such relates to Assignor's sale, assignment
and transfer to Banc of America Public Capital Corp ("Assignee") expected on or about December 15,
2016 (the "Effective Date"), of all of its right, title, interest and obligations in, to, and under the
Schedule and the related certificates, instruments and agreements executed in connection therewith
(collectively, the "Related Agreements").
This notice and consent does not change any of the terms, covenants or conditions of the Schedule or
the payment schedule thereunder.
Assignee is already servicing this transaction. As such your payment instructions and contact
information for the Related Agreements have not changed.
Please acknowledge your consent and agreement to the assignment described herein by signing below
and returning a copy of this notice and consent to Assignor before the Effective Date by regular mail
and by email to joel.hardman@huntington.com.
If you have any questions about the foregoing, please contact Joel Hardman at (513) 639- 3008. Your
help is most appreciated.
HUNTINGTON PUBLIC CAPITAL
CORPORATION�'f
By: 1
P d Name: Jane Greenber
Title: Assistant Vice Presiders
Acknowledged and Agreed to:
City of Lubbock, Te a
By:
Printed Name: Daniel M. Pope
Title: Mayor
Notice of and Request for Consent to Assignment
Re: City of Lubbock, Texas
Dated as of December I, 2016
IBANC F AMERICA PUBLIC CAPITAL, CORP
By:
Nance: � � F-Imyjoti
Title: