RES 18-03 - Laserfiche WebLink

Home Browse Search

of Rents and Security Agreement and Fixture Financing Statement, from the corporate guarantor to the EDA, personal guaranties from Allen Meyer, Brian Brehmer, Nancy Brehmer, and an entity guaranty from Yankee Doodle Enterprises, LLC (collectively, the "Loan Docurnents'� are hereby in all respects approved, in substantially the form on file with the City's Economic Development Director; and the President and Executive Director are hereby authorized and directed to execute the Loan Agreement and any Loan Documents to which the EDA is a party on behalf of the EDA and to carry out, on behalf of the EDA, the EDA's obligations thereunder. 1.02. The approval hereby given to the Loan Documents includes deviation from the Program requirements as set forth in the Loan Documents and includes approval of such additional details therein as may be necessary and appropriate and such modifications thereof, deletions therefrom and additions thereto as may be necessary and appropriate and approved by legal counsel to the EDA and by the President and Executive Director prior to executing said documents; and said officers are hereby authorized to approve said changes on behalf of the EDA. The execution of any instrument by the President and Executive Director shall be conclusive evidence of the approval of such document in accordance with the terms hereof. In the event of absence or disability of said officers, any of the documents authorized by this Resolution to be executed may be executed without further act or authorization of the Board by any duly designated acting official, or by such other officer or officers of the Board as, in the opinion of the City Attorney, may act in their behalf.