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Agenda - Economic Development Authority - 05/11/2023
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Agenda - Economic Development Authority - 05/11/2023
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Last modified
3/14/2025 12:38:08 PM
Creation date
5/4/2023 12:50:31 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
Document Date
05/11/2023
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CONSENT TO ASSESSMENT AGREEMENT <br />, of <br />(the "Bank"), does hereby consent to all terms, <br />conditions and provisions of the foregoing Assessment Agreement and agrees that, in the event it <br />purchases the Development Property at a foreclosure sale or acquires the Development Property <br />through a deed in lieu of foreclosure or otherwise in satisfaction of the indebtedness owed by the <br />Developer, it and its respective successors and assigns, shall be bound by all terms and conditions <br />of the Assessment Agreement, including but not limited to the provision which requires that the <br />minimum market value of the Development Property and the Project shall be not less than the <br />amounts set forth in the Assessment Agreement. <br />IN WITNESS WHEREOF, we have caused this Consent to Assessment Agreement to be <br />executed in its name and on its behalf as of this day of , 2023. <br />STATE OF <br />COUNTY OF <br />by <br />By <br />Its <br />) ss. <br />The foregoing instrument was acknowledged before me this day of , 2023, <br />, the of , a <br />banking corporation on behalf of the corporation. <br />Notary Public <br />D-5 <br />76644791v2 <br />
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