HomeMy WebLinkAboutResolution No. 05-51
CITY OF THE COLONY, TEXAS
RESOLUTION NO. 05- 5'"",
A RESOLUTION OF THE CITY COUNCIL OF THE COLONY,
TEXAS, AUTHORIZING THE CITY MANAGER TO ENTER
INTO A 'CONSENT TO ENCUMBRANCE OF LEASE' WITH
HIBERNIA NATIONAL BANK AND BLUE SKY SPORTS
CENTER, L.P. REGARDING THE GROUND LEASE FOR BLUE
SKY SPORTS CENTER; ATTACHING THE APPROVED FORM
OF CONTRACT AS EXHIBIT A; AND PROVIDING AN
EFFECTIVE DATE
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF THE COLONY, TEXAS:
Section 1. That the City Council of the City of The Colony, Texas, hereby approves
the Consent to Encumbrance of Lease allowing Blue Sky Sports Center, L.P. to refinance
its loan on said facility.
Section 2.
That the city manager is authorized to enter into this agreement.
Section 3. That a true and correct copy of the Consent to Encumbrance agreement is
attached hereto and incorporated herein.
Section 4.
passage.
That this resolution shall take effect immediately from and after its
PASSED AND APPROVED by the City Council of the City of The Colony,
Texas, this 6th day of June, 2005.
B-
J Dillard, Mayor
ty of The Colony, Texas
/l~ -lc/ ~j
Christie Wilson, TRMC, City Secretary