AN ORDINANCE AUTHORIZING A SECOND AMENDMENT TO FUNDING AND DEVELOPMENT AGREEMENT WATERWAY BOULEVARD EAST, AS AMENDED, BETWEEN THE CITY OF GULF SHORES, ALABAMA AND COASTAL RESORT PROPERTIES LPFunding and Development Agreement • March 22nd, 2023 • Alabama
WHEREAS, the City of Gulf Shores (the “City”) and Coastal Resort Properties LP (“CRP”) have heretofore executed and delivered a Funding and Development Agreement Waterway Boulevard East dated as of November 23, 2020 (the “Funding and development Agreement”) and a First Amendment to Funding and Development Agreement Waterway Boulevard East dated April 13, 2021 (the “First Amendment”) (the Funding and Development Agreement and the First Amendment are sometimes hereinafter collectively referred to as the “Current Agreement”).
BOND PROCEEDS FUNDING AND DEVELOPMENT AGREEMENTFunding and Development Agreement • March 13th, 2013
WHEREAS, the Issuer has been duly created and is existing under and by virtue of the Constitution and the laws of the State of Georgia (the “State”), in particular, the Development Authorities Law of the State (O.C.G.A. §36-62-1 et seq., as amended) (the “Act”) and an activating resolution of the City Council of the City of Atlanta, Georgia (the “City”), duly adopted on February 17, 1997, and approved by the Mayor of the City on February 20, 1997, and is now existing and operating as a public body corporate and politic and an instrumentality of the State; and
