Laserfiche WebLink
• <br /> Square Partners, L.P. , a Washington limited partnership (the <br /> "Contractor") of the City' s award of the contract for <br /> constructing a community theater, approved revisions to the lease <br /> with option to purchase the Property and approved forms of a <br /> Construction Agreement, Trust Agreement, and Syndication <br /> Agreement; and <br /> WHEREAS, the City and the Contractor entered into the <br /> Construction Agreement and the Lease, both dated November 15, <br /> 1991; and <br /> WHEREAS, the City and the Contractor entered into the <br /> Syndication Agreement, dated December 19, 1991; and <br /> WHEREAS, on June 10, 1993, a certificate of substantial <br /> completion of the community theater was issued, and on June 10, <br /> 1993 a certificate of occupancy for the community theater was <br /> issued; <br /> WHEREAS, pursuant to the Construction Agreement and a call <br /> for bids as required by the Syndication Agreement, the City will <br /> finance its obligations under the Construction Agreement by means <br /> of a lease financing transaction that includes the assignment of <br /> the Property and the Lease (except for certain provisions, as <br /> specified therein) to a trustee and the execution and delivery of <br /> certificates of participation in payments under the Lease <br /> pursuant to a trust agreement to be entered into between an <br /> underwriter and the trustee; and <br /> WHEREAS, pursuant to the Syndication Agreement, the <br /> underwriter is to be selected through a competitive bid process <br /> -2- DOT041.DOC 93/06/16 <br />