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lease payments shall be inserted in Exhibit B-2 of the Amendment <br /> to Lease. <br /> Section 3 . Approval of Assignment. The City Council <br /> hereby approves the assignment by Colby Square Partners, L.P. of <br /> all its right, title and interest in the Property (as defined <br /> above) , the Lease by and between the City and Colby Square <br /> Partners, L.P. , as amended by the Amendment to Lease by and <br /> between the City and Colby Square Partners, L.P. , to Seattle- <br /> First National Bank, Seattle, Washington, as trustee for the <br /> benefit of the owners from time to time of certificates of <br /> participation in the Lease Payments, in connection with the lease <br /> financing of the Property as contemplated by the Construction <br /> Contract, the Syndication Agreement and by Ordinance No. 1949-93 . <br /> Section 4 . Ratification of Past Acts . All actions <br /> heretofore taken by city officers, staff, and agents consistent <br /> with the terms and purposes of this Resolution are hereby <br /> ratified, approved and confirmed, including but not limited to <br /> the approval of certain portions of the preliminary official <br /> statement with respect to the City and the delivery of <br /> certificates of participation in the Lease rental payments . <br /> Section 5. Approval of Official Statement. The City <br /> Finance Director, in consultation with the City Attorney, is <br /> authorized to approve on behalf of the City the portions of the <br /> final official statement related to the City and the delivery of <br /> certificates of participation in the Lease Payments. <br /> -3- DOTO4Y.DOC 93/06/29 <br />