HomeMy WebLinkAboutMINUTES - 11031992 - 1.14 TO: BOARD OF SUPERVISORS
FROM: J. MICHAEL WALFORD, PUBLIC WORKS DIRECTOR
DATE: NOVEMBER 3, 1992
SUBJECT: CONSENT TO ENCUMBRANCE OF LEASEHOLD INTEREST -
BUCHANAN FIELDS GOLF COURSE, INC.
SPL;CIFIC REQUEST(S) Olt RECOMMENDATION(S) &BACKGROUND AND JUS'1'1FICA1,10N
I. Recommended Action:
AUTHORIZE the Public Works Director to APPROVE a Consent to the Encumbrance of
Leasehold Interest, a Consent to Assignment of Lease, for financing purposes, and an Estoppel
Certificate, as requested;by County's tenant, Buchanan Fields Golf Course, Inc. (BFGC), and as
described in County's lease with BFGC.
II. Financial Impact:
There will be no financial impact on the County from this action.
III. Reasons for Recommendations and Background:
BFGC is seeking financing to construct the improvements to the Buchanan Fields Golf Course as
described in their lease ,with County. BFGC's lender requires BFGC to assign their leasehold
interest to the lender and an Estoppel Certificate, as a condition of the loan. The lease requires
BFGC to obtain County's consent to such assignment or to the encumbrance of BFGC's leasehold
interest for financing purposes.
Continued o11 Attachment: No SIGNATURE:.:
zz
_RECOMMENDA'T'ION OF COUNTY ADMINis'rRATOW RECOMMENDATION OF BOARD COMMI'T'TEE
APPROVE OTHER
SIGNATURE(S):
ACTION OF BOARD ON APPROVED AS RECOMMENDED OTHER
VOTE OF SUPERVISORS
IANANIMOU.S (ABSENT )
AYES: NOES: ;
ABSENT:' ABSTAIN: ; hereby certify that this Is a true and correct copy :t
.an action taken and entered on the minutes of the
!3oard of Supe is rs on the dyteshown.
c:3b.t11 ;ATTESTED: ��� E���
PHIL BATCHELOR,Clerk of the Board
Contact: D. Awenius (Airport) 646-5:722 of Supervisors and County Administrator
cc: County Administrator
Public Works Director By : '" e►.S -Deputy
Public Works Accounting
Auditor/Controller
Aviation Advisory Committee
Federal Aviation Administration
Buchanan Fields Golf Course, Inc.