Consequently, even if Stanfield is decided in the county's favor, county payments under the lease purchase agreement can be made only if and when the Iowa Supreme Court resolves Riley in the county's favor and then the Bankruptcy Court authorizes the payment.
The most pressing lawsuits, which are currently under appeal before the Iowa Supreme Court, are two which seek to prevent the county from making debt service payments under a lease purchase agreement with the Racing Association of Central Iowa (RACI).
Under a lease purchase agreement between Polk County and RACI, if RACI fails to generate sufficient revenues to make the debt service payment, the county must do so.
The lease purchase agreement
gives Arcadia full management control of the property and requires the University to purchase the complex when Chelwyn is ready to sell within the next five years.
The city's debt management is conservative, engaging in the early retirement of both bonded debt and lease purchase agreements
He will focus on financial analysis, lease purchase agreements
, property management and new acquisition evaluation in his new role with the firm.
OTC Bulletin Board: SRCO) in following up on its strategic agreement with Armet Armored Vehicles, a global leader in the manufacturing of tactical armored and other specialty vehicles for governmental and other markets, is pleased to report a potential annual $5 million in Municipal Lease Purchase agreements generated from this relationship.
5% market penetration, this can generate a potential $5 million in annual Lease Purchase agreements for Sparta Commercial Services.
The Corporation is a non-for-profit organized for the sole purpose of acting as the lessor under lease purchase agreements
Pursuant to separate lease purchase agreements, SportsTown will sell 7 stores in Texas and Oklahoma to Oshman's Sporting Goods, Inc.
The Company will seek buyers for the 9 stores that are not subject to lease purchase agreements, and any such sale will be subject to the approval of the Bankruptcy Court.
Klawetter negotiated contracts, management agreements, lease purchase agreements
and asset purchase agreements, which made him familiar with all administrative responsibilities necessary to manage SMR operations.