Resolution authorizing Mayor to execute the Assignment and Assumption and Bifurcation of Agreement for Private Development and the Certificates of Completions on Lot 1, Block 2 of River’s Edge Subdivision Replat Two and Block 6 of River’s Edge Subdivision by and between River's Edge Apartments, L.L.C.; River's Edge Apartments I, L.L.C.; River's Edge Apartments II, L.L.C. and the City of Council Bluffs.

Broadmoor Development Company is requesting that the City sign-off on the Assignment, Assumption and Bifurcation and Subordination of Agreement for Private Development as well as a Certification of Completion on their projects in the River's Edge Development to accommodate their refinancing of the projects with Freddie Mac.  This action will have no impact on the City but will facilitate Broadmoor with their continuing construction in the River's Edge Development.