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RESOLUTION NO. 4913 BY: Messrs. Wendling, Werner, <br /> Brockman, Graber, Magnot~ <br /> McBride, Usher <br /> AN EMERGENCY RESOLUTION authorizing and directing the Mayor for and on <br />behalf of the City to consent to the Collateral Assignment of Lease executed by <br />Marwood, Inc., formerly Bevlyn, Inc., which Collateral Assignment of Lease assigns <br />Marwood Inc.'s interest in a lease entered into between the City of Lakewood and <br />Marwood, Inc., originally Bevlyn, Inc. dated August 8, 1963. <br /> <br /> WHEREAS, on August 8, 1963 the City entered into an Indenture of Lease <br />with Bevlyn, Inc., an Ohio corporation, now known as Marwood, Inc., wherein the <br />City leased certain land situated on St. Charles Avenue south of Detroit Avenue <br />for the parking of motor vehicles and for no other purposes to the aforementioned <br />Bevlyn, Inc., and <br /> <br /> WHEREAS, the land contiguous to the aforementioned leased land has been <br />sold to Cabot, Cabot and Forbes Land Trust, with a lease back arrangement and said <br />trust has requested that the aforementioned lease be assigned in accordance with <br />the Purchase Agreement, and <br /> <br /> WHEREAS, the aforementioned Indenture of Lease dated August 11, 1963 <br />permits the assignment of said Indenture of Lease upon the written consent of the <br />City, which consent shall not be unreasonably withheld, and <br /> <br /> WHEREAS, this resolution constitutes an emergency measure providing for <br />the usual daily operation of a municipal department, now, therefore, <br /> <br />BE IT RESOLVED BY THE COUNCIL OF THE CITY OF LAKEWOOD, STATE OF OHIO: <br /> <br /> Section 1. That Robert M. Lawther, Mayor, is hereby authorized and <br />directed to execute for and on behalf of the City of Lakewood a consent to the <br />Collateral Assignment of Lease executed by Marwood, Inc., formerly Bevlyn, Inc. <br />which Collateral Assignment of Lease assigns Marwood Inc.'s interest in an <br />Indenture of Lease entered into between the City of Lakewood and Marwood, Inc., <br />originally Bevlyn, Inc. dated August 8, 1963. <br /> <br /> Section 2. That this resolution is hereby declared to be an emergency <br />measure for the reasons set forth in the preamble hereof and provided it receives the <br />affirmative vote of two-thirds of all members electe, d to Council, it shall take effect <br />and be in force immediately upon its adoption and approval by .the Mayor. ~ <br /> <br /> / ~'~ide Preside~ ) <br /> <br /> ' Clerk <br /> * May~ <br /> <br /> <br />