IV. MOTION 1. Discussion and possible action to approve a Memorandum of Understanding between the City of Laredo and Laredo Baseball Investors, L.L.C., for the transition and transfer of ownership of the Laredo Lemurs; the membership in the American Association of Independent Professional Baseball; and, the assignment of the Operations and Lease Agreement and Development Agreement to Laredo Baseball Holdings, Inc., and authorizing the issuance of a Letter of Credit to the American Association of Independent Professional Baseball to facilitate the transfer and preserve the Lemur’s status with the American Association and any matters incident thereto. VI. ADJOURNMENT
Sep 30, 2014 Special City Council
IV. MOTION 1. Discussion and possible action to approve a Memorandum of Understanding between the City of Laredo and Laredo Baseball Investors, L.L.C., for the transition and transfer of ownership of the Laredo Lemurs; the membership in the American Association of Independent Professional Baseball; and, the assignment of the Operations and Lease Agreement and Development Agreement to Laredo Baseball Holdings, Inc., and authorizing the issuance of a Letter of Credit to the American Association of Independent Professional Baseball to facilitate the transfer and preserve the Lemur’s status with the American Association and any matters incident thereto. VI. ADJOURNMENT