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85-004 Ordinance
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85-004 Ordinance
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Last modified
1/11/2014 12:48:31 PM
Creation date
1/9/2014 4:42:46 AM
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North Olmsted Legislation
Legislation Number
85-004
Legislation Date
2/19/1985
Year
1985
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.,.?.? . ..?? ?.?. ??. ,,. _ .?,..._,. <br />4 1250 SUPERIOR AVENUE, N.E. <br />CLEVELAND, OHIO 44114 <br />??• (216) 579-7700 <br />lammnw' <br />?MNGSB,kNX <br />November 21, 1984 <br />? ?. <br />E.?fibit A <br />Mr. Raymon Fogg <br />Ra, Fcgg- Bu i Td i ng Msthods, Inc. <br />4913 Van Epps Road <br />Cleveland, Ohio 44131 . <br />Re: IDRB - Bryant & Stratton Project <br />Dear Mr. Fogg: <br />This letter will serve as our agreement that the optional redemption <br />provisions contained in the Industrial Development First t4ortgage Revenue <br />Bonds (Bryant & Stratton Project) witl be modified as set forth below. <br />Redemption Period <br />March 1, 1984 through <br />February 28, 1985 <br />March 1, 1985 through <br />February 28, 1986 <br />March 1, 1986 and thereafter <br />Redemption Price <br />]Ol% <br />100.5% <br />100% <br />This Agreement shall become effective at such time as you deliver a fully executed copy of that certain Consent previously sent to you requesting <br />your consent to the transfer of the above-referenced bond by TRANSOHIO Savings <br />Bank, F.S.B. ("TRANSOH{0"). <br />This letter shatl also serve as the written consent of TRANSOHIO to a <br />conforming amendment to that certain Loan Agreement, dated as of December 15, <br />1980, between the City of North Olmsted,.Ohio and Fogg-North Olmsted Ltd., an <br />Ohio Limited Partnership, which consent is required by Section 9.6 of such <br />Loan Agreement. <br />Very truTy yours, <br />TRANSOHIO SAl(I'NGS`BANK, F.S.6 ? <br />-- H L. Kal ish <br />rePPresident <br />V HLK: j k <br />cc; Richard H. Miller, Esq.
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