HomeMy WebLinkAboutReso. 1981 - 027 - Appointing paying agent fr the payment of principal and interest on bonds issued in lake boulevard subivision unit 4 assessment • 411
RESOLUTION NO. ' 7i,
RESOLUTION APPOINTING PAYING AGENT FOR THE PAYMENT OF
PRINCIPAL AND INTEREST ON BONDS ISSUED IN LAKE
BOULEVARD SUBDIVISION UNIT 4 ASSESSMENT DISTRICT
NO. 1980-4, CITY OF REDDING, SHASTA COUNTY, CALIFORNIA
WHEREAS , the City Council of the City of Redding, Shasta
County, California, has authorized issuance of bonds under the Im-
provement Bond Act of 1915 of the State of California in Lake
Boulevard Subdivision Unit 4 Assessment District No. 1980-4 , City
of Redding, Shasta County, California; and
WHEREAS , the City of Redding has entered into an agreement
with the Bank of America National Trust and Savings Association by
which said Bank will act as paying agent for the bonds of the City
of Redding; and
WHEREAS , said fees as set forth on said existing agreement
appear fair and reasonable for the services provided by said Bank;
NOW, THEREFORE , the City Council of the City of Redding,
Shasta County, California, does hereby find, resolve , determine and
order as follows :
1. Bank of America National Trust and Savings Association,
Main Office, San Francisco, California, is hereby appointed paying
agent for bonds issued in said assessment district, and said Bank
shall be paid in accordance with the existing agreement between
said City of Redding and said Bank of America National Trust and
Savings Association.
DO
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f . • •
2 . The City Clerk of the City of Redding is hereby directed
to file a certified copy of this resolution with the Bank of America
National Trust and Savings Association, Corporate Agency Division,
Bank of America Center, P . O. Box 37000, San Francisco, California
94137 .
I HEREBY CERTIFY that the foregoing resolution was duly and
regularly adopted by the City Council of the City of Redding, Shasta
County, California , at a regular meeting thereof, held on the
17th day of February, 1981.
AYES : Councilmembers Demsher, Fulton, Gard, Kirkpatrick, and Pugh
NOES : Councilmembers None
ABSENT: Councilmembers None
MILDRED L. BRAYTON , City Clerk,
City of Redding, Shasta County,
Ca-lifornia
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