Common Contracts
1 similar Ground Lease contracts
GROUND LEASEGround Lease • June 9th, 2021
WHEREAS, in connection with the funding of all or a portion of the City’s unfunded liabilities with respect to the Arizona Public Safety Personnel Retirement System and one or more contingency reserve funds with respect to pension and related liabilities, the City and the Lessee will execute and deliver a Lease-Purchase Agreement, dated as of even date herewith (the “Lease Agreement”), pursuant to which the Leased Land and the improvements thereon (collectively, the “Leased Property”) will be leased by the Lessee, as lessor, to the City, as lessee, and the City has concurrently herewith entered into a Trust Agreement, dated as of even date herewith (the “Trust Agreement”), with the Lessee, pursuant to which the Lessee will execute and deliver $ aggregate principal amount of “Certificates of Participation, Taxable Series 2021 Evidencing Undivided Proportionate Interests of the Owners Thereof in Lease Payments to be Made by City of Tempe, Arizona, as Lessee of Certain Property Pursuant t
