HomeMy WebLinkAboutSKM_C654e23033011350CONSENT TO ASSIGNMENT OF RIGHTS
WITH RESPECT TO DEVELOPMENT AGREEMENT
The County hereby consents to the foregoing Assignment by Borrower of the Development
Agreement. The County agrees that if Lender gives written notice to the County that an "Event of
Default" has occurred under the Loan Agreement, then Lender will have the right, at Lender's option, to
assume Borrower's rights and obligations under the Development Agreement. If Lender elects to
exercise its rights under the Assignment with respect to the Development Agreement, then the County
will perform its duties and obligations under the Development Agreement for the Lender, provided that
Lender agrees to perform Borrower's obligations under the Development Agreement.
Dated as of 2023.
COUNTY:
KITTITAS COUNTY BOARD OF
COMMISSIONERS
go
Chairman
As authorized by Resolution No.
Approved As To Form:
M1
Deputy Prosecuting Attorney
Consent to Assignment of Rights with Respect to Development Agreement