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HomeMy WebLinkAboutReso 82-142 - Amending Cascade Community Svc Distrct Reso No. 31 and Substituting BofA Securities as Paying Agent for Cascade Community Svcs District 1964 Water Bonds, Series A . . 411 RESOLUTION NO. 52-/''�,Z A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING AMENDING CASCADE COMMUNITY SERVICES DISTRICT RESOLUTION NO. 31 AND SUBSTITUTING BANKAMERICA SECURITIES SERVICES COMPANY OF NEW YORK IN PLACE OF BANKERS TRUST COMPANY AS PAYING AGENT OF THE CITY OF REDOING FOR CASCADE COMMUNITY SERVICES DISTRICT 1964 WATER BONDS , SERIES A. WHEREAS, the Board of Directors of the Cascade Community Services District Resolution No. 31 adopted April 14 , 1964 , designated Bankers Trust Company of New York, New York as one of the paying agents of the City of Redding for. the Cascade Community Services District 1964 Water Bonds , Series A, and WHEREAS, by virtue of annexation of the Cascade Area into the City of Redding , the Cascade Community Services District was dissolved, with the City of Redding succeeding to all the rights and obligations of that district , and WHEREAS , said Bankers Trust Company of New York , New York has recently notified the City of Redding that it no longer is performing in such capacity and it has been recommended that BankAmerica Sercurities Services Company (BASSCO) of New York be substituted as the City' s paying agent for said bonds , NOW THEREFORE, BE IT RESOLVED, that Resolution No . 31 , Adopted April 14 , 1964 , is hereby amended to state that Bank- America Securities Services Company (BASSCO) of New York is hereby substituted in the place of Bankers Trust Company as paying agent of the City of Redding for the Cascade Community 1• r Services District 1964 Plater Bonds , Series A. I HEREBY CERTIFY that the foregoing Resolution was introduced and read at a regular meeting of the City Council of the City of Redding on the 7th day of September , 1982 , and was duly adopted at said meeting by the following vote : AYES : COUNCILMEN : Demsher, Fulton , Kirkpatrick, and Gard NOES : COUNCILMEN : None ABSENT: COUNCILMEN : Pugh RBARA ALLEN GARD, Mayor City of Redding ATTEST: ETHEL A. NICHOLS , City Clerk FORM APPj20VED: RANDALL A. HAYS , City Attorney _1_