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Property to Wisconsin Label Corporation (the "Assignee") and the Assignee has acquired the assets • <br />of Quality Label and Barcoding Incorporated. <br />(c) The Assignor and the Assignee have requested that the City consent to the <br />assignment of the Assignor's rights and obligations under the Abatement Agreement to the Assignee <br />pursuant to an Assignment and Assumption of Tax Abatement and Business Subsidy Agreement by <br />and between the Assignor and the Assignee (the "Assignment and Assumption Agreement"). <br />Section 2. Approval of Assignment. <br />(a) The City hereby consents to the assignment of the Assignor's rights and obligations <br />under the Abatement Agreement to the Assignee pursuant to the Assignment and Assumption <br />Agreement. <br />(b) The Assignment and Assumption Agreement is hereby approved in substantially the <br />form submitted to the City. <br />(c) The Mayor and the City Administrator are hereby authorized to execute the Consent <br />and Agreement to the Assignment and Assumption Agreement on behalf of the City. <br />The motion for the adoption of the foregoing resolution was duly seconded by Member • <br />Gumphrey ~ and upon vote being taken thereon, the following voted in favor thereof: <br />Mayor Dietz, Councilmembers Zerwas, Gumphrey, Westgaard and Motin. <br />and the following voted against: none. <br />whereupon said resolution was declared duly passed and adopted. <br />J j. ietz, ay <br />ATTEST: <br />~~` . <br />C~ <br />Tina Allard, City Clerk <br />• <br />388753v2 JSB EL185-13 <br />