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<br />/ <br />i <br /> <br />t'"''' <br />".,~ <br /> <br />FXS:dft ~)5/93 (004/35) <br /> <br />.. <br /> <br />This Board hereby consents to the assignment by Seaport <br /> <br />. Petroleum Corporation of its <br /> <br />leasehold interest to First <br /> <br />Interstate Bank of Arizona, N.A., as security for a loan, and to <br /> <br />the subordination of certain lien rights against certain items of <br />personal property, a copy of which Assignment of Lease and <br />Subordination of Lien Rights is on file in the office of the Port <br />Manager, to which copy reference is hereby made for the full <br />particulars thereof, is hereby approved and the President and <br />Secretary of the Board of Port Commissioners of the City of <br /> <br />Redwood Ci ty are hereby authorized and directed to execute said <br /> <br />Agreement for and on behalf of the City of Redwood City. <br /> <br />"k <br /> <br />"k <br /> <br />"k <br /> <br />Regularly passed and adopted by the Board of Port <br />Commissioners of Redwood City, this 28th day.of <br /> <br />April <br /> <br />, 1993. <br /> <br />AYES, and in favor of said resolution, Commissioners: <br />Bennett, Castle, Dodge, Small, Smith <br />NOES, Commissioners: None <br /> <br />ABSENT: Commissioners: <br /> <br />None <br /> <br />