HomeMy WebLinkAboutReso. 1980 - 307 - Appointing paying agent for the payment of principal and interest on bonds issued in Lake Blvd Subdivision Unit 5 Assessment District no. 1980-5 • •
RESOLUTION NO. g?-3d7
RESOLUTION APPOINTING PAYING AGENT FOR THE
PAYMENT OF PRINCIPAL AND INTEREST ON BONDS
ISSUED IN LAKE BOULEVARD SUBDIVISION UNIT 5
ASSESSMENT DISTRICT NO. 1980-5
WHEREAS, the City Council of the City of Redding, Shasta
County, California, has 'authorized issuance of bonds under the Improve-
ment Bond Act of 1915 of the State of California in Lake Boulevard
Subdivision Unit 5 Assessment District No. 1980-5; 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.
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. 0. Box 37000, San Francisco, California 94137.
C
O R 5 O 11 N A J c,
• •
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 15th
day of December, 1980 , by the following vote, to wit:
AYES : Councilmembers Demsher, Fulton, Gard, Kirkpatrick, and Pugh
NOES : Councilmembers None
ABSENT: Councilmembers None
MILDRED L. BRAYTON, City Clerk,
City of Redding, Shasta County,
California
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