7/8/2011 9:16:06 AM
7/8/2011 9:16:05 AM
City of Clive
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RESOLUTION NO. .22. <br /> RESOLUTION APPROVING ONE CERTAIN ASSIGNMENT AGREEMENT <br /> BETWEEN NATIONAL TRAVEL PLAZAS, INC. AND FIRST <br /> INTERSTATE BANK OF DES MOINES, N.A. <br /> WHEREAS, National Travel Plazas, Inc. ( "National Travel ") <br /> desires to assign to First Interstate Bank of Des Moines, N.A. <br /> ( "Bank ") certain rights, duties and obligations created in certain <br /> agreements, approvals and permits related to the Flying J Travel <br /> Plaza development within the City of Clive, Iowa, for collateral <br /> security purposes, all in connection with one certain loan trans- <br /> • action between National Travel and Bank; and <br /> WHEREAS, the Bank has requested that the City of Clive consent <br /> to the assignment, provided that National Travel is not released <br /> from its obligations under the February 7, 1985 agreement between <br /> Marbella & Co. and Clive; and <br /> WHEREAS, the City of Clive is desirous of consenting to said <br /> assignment as requested by the Bank. <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br /> OF CLIVE, IOWA: <br /> That the Assignment Agreement attached hereto and by this <br /> reference incorporated herein, be and is hereby approved and <br /> accepted by this City of Council and the Mayor is hereby <br /> authorized and directed to execute said Assignment Agreement on <br /> behalf of the City of Clive, Iowa, and the City Clerk is hereby <br /> authorized and directed to attest to the signature of the Mayor <br /> and to affix the seal of the City to the same. <br /> PASSED AND APPROVED this _ G day of , 1987. <br /> dip <br /> a <br /> 0, 04, _ <br /> •. - ne Ma May,' <br /> ATTEST: <br /> r <br /> JAI <br /> Marj o'ri -4 S. Roberts, City Clerk <br /> • <br />
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