Number
071431
Version
Original
Reference
060877
Sponsor
ALD. BAUMAN
Title:
Resolution approving an assignment of a lease agreement & consent with Support Terminals Operating Partnership, L.P to Tanco-Milwaukee, LLC.
Analysis
This resolution would approve the Assignment of Lease Agreement & Consent to Assignment with Support Terminals Operating Partnership, L.P. to Tanco-Milwaukee, LLC, whereas Support Terminals Operating Partnership, L.P. wishes to assign all rights, title and interest in and to the lease to Tanco-Milwaukee, LLC in accordance with the terms and conditions of the Assignment of Lease Agreement; and whereas the Assignee accepts the assignment and transfer, and assumes all of the obligations of Assignor under the lease, except as otherwise expressly provided.
Body:
Resolved, By the Common Council of the City of Milwaukee, that said Common Council hereby ratifies and approves the Assignment of Lease Agreement & Consent to Assignment between the City of Milwaukee, by and through its Board of Harbor Commissioners and Support Terminals Operating Partnership, L.P. to Tanco-Milwaukee, LLC for the remaining term through August 16, 2015; and, be it
Further Resolved, That the designated officers of said government and said Board are hereby directed to execute an agreement to carry out this purpose as prepared by the City Attorney's office.
Drafter
02/04/2008
Port of Milwaukee
Eric C. Reinelt
i:tancolseassignccres.doc