File #: 22-0218    Version: 1 Name:
Type: Ordinance Status: Passed
File created: 1/28/2022 In control: City Council
On agenda: 2/15/2022 Final action: 2/22/2022
Title: Ordinance approving a lease estoppel and amendment to the ground lease with MREIC Corpus Christi TX, LLC (“Tenant”) at the Corpus Christi International Airport to include language required for a merger and loan transaction by the Tenant; authorizing the City Manager to execute all documents necessary and related to the amendment and refinancing transaction; and providing for an effective date.
Sponsors: Aviation Department
Attachments: 1. Agenda Memo - MREIC Ground Lease Estoppel rev 020822.pdf, 2. Ground Lease Estoppel and Amendment Ordinance vFinal3, 3. FINAL Estoppel-Corpus Christi v2.9.2022_88790342_1

Title

Ordinance approving a lease estoppel and amendment to the ground lease with MREIC Corpus Christi TX, LLC (“Tenant”) at the Corpus Christi International Airport to include language required for a merger and loan transaction by the Tenant; authorizing the City Manager to execute all documents necessary and related to the amendment and refinancing transaction; and providing for an effective date.