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OTHER-2024-034-Lease Modification
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OTHER-2024-034-Lease Modification
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Last modified
10/24/2024 10:57:46 AM
Creation date
10/24/2024 10:42:55 AM
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BOCC
Date
5/21/2024
Meeting Type
Business
Document Type
Others
Agenda Item
6-B
Document Relationships
Agenda 05-21-24; 6-b - Adoption of the Final Financing Resolution Authorizing the Issuance of Installment Purchase Financing for Various Capital Investment Plan Projects
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2024\Agenda - 05-21-2024 Business Meeting
Agenda for May 21, 2024 BOCC Meeting
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2024\Agenda - 05-21-2024 Business Meeting
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3 . Priority of 2024 Deed of Trust . Notwithstanding anything in the Modified <br /> Lease to the contrary, the School Board ' s rights to possession of the Leased Property and <br /> all its other rights under the Modified Lease are subordinate to the rights of the <br /> beneficiary under the Deed of Trust, specifically including the 2024 Deed of Trust . Any <br /> judicial sale of, or foreclosure on , the Leased Property pursuant to the Deed of Trust <br /> terminates all the School Board ' s rights under the Modified Lease . <br /> 4 . Confirmation of Remaining Lease Terms . Except as provided by this <br /> Agreement, the parties ratify, approve and confirm the terms of the Original Lease . <br /> [The remainder of this page has been left intentionally blank . ] <br /> 4 <br />
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