June 10, 1997: NIGC responds to Building Concepts inquire for approval

On June 6, 1997, the National Indian Gaming Commission (NIGC) received a number of documents from the Bear River Band of Rohnerville Rancheria (Tribe) for a determination as to whether any of the documents require the approval of the NIGC Chairman. The documents reviewed include: (1) a Financing and Development Agreement (2) a Loan Agreement (3) a Master Lease (4) a Participating Lease (5) an Assignment of Rents and Leases and (6) an Adjustable Rate Promissory Note. We conclude that the Financing and Development Agreement contains several management provisions and thus constitutes a management agreement, requiring the approval of the NIGC Chairman. The Loan Agreement is collateral to the management contract and also requires approval. -

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