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the Assignor's rights and obligations under the Abatement Agreement, Mortgage and Note and the <br /> Project and property described therein to Envision 3, LLC, (the "Assignee") pursuant to an <br /> Assignment and Assumption of Tax Abatement, Mortgage and Note by and between the Assignor <br /> and the Assignee (the "Assignment and Assumption Agreement"). <br /> Section 2. Approval of Assignment. <br /> (a) The City hereby consents to the transfer the Property and the Project and the <br /> assignment of the Assignor's rights and obligations under the Abatement Agreement,Mortgage and <br /> Note to the Assignee pursuant to the Assignment and Assumption 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 Clerk are hereby authorized to execute the Consent and <br /> Agreement to the Assignment and Assumption Agreement on behalf of the City. <br /> 471033vl JSB BL185-31 <br />