HomeMy WebLinkAbout1992-188
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RESOLUTION NO. 92-188
RESOLUTION OF THE CITY OF SAN BERNARDINO AUTHORIZING THE
DIRECTOR OF FINANCE TO SIGN THE APPROVAL TO MAINTAIN THE FISCAL
AGENT ON ASSESSMENT DISTRICT 977B AFTER THE MERGER OF SECURITY
PACIFIC NATIONAL BANK AND BANK OF AMERICA.
BE IT RESOLVED BY THE MAYOR AND COMMON COUNCIL OF THE CITY OF
SAN BERNARDINO AS FOLLOWS:
SECTION 1.
The Director of Finance of the City of San
Bernardino is hereby authorized and directed to sign on behalf of
said City the approval form to maintain the Fiscal Agent on
Assessment District 977B after the merger of Security Pacific
National Bank and Bank of
hereto marked Exhibit "A".
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America, a copy of which is attached
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RESOLUTION OF THE CITY OF SAN BERNARDINO AUTHORIZING THE
DIRECTOR OF FINANCE TO SIGN THE APPROVAL TO MAINTAIN THE FISCAL
AGENT ON ASSESSMENT DISTRICT 977B AFTER THE MERGER OF SECURITY
PACIFIC BANK AND BANK OF AMERICA.
I HEREBY CERTIFY that the foregoing resolution was duly
adopted by the Mayor and Common Council of the City of San
Bernardino at a
meeting thereof, held on the 1st
regular
day of June
, 1992, by the following vote, to wit:
COUNCIL MEMBERS
NAYS
ABSENT
AYES
ABSTAIN
ESTRADA
x
REILLY
x
HERNANDEZ
x
MAUDSLEY
x
MINOR
x
POPE-LUDLAM
x
MILLER
x
g M-1uX.- 0:<C~~1'\-Jl-<.~-
CIT CLERK ~
of
The foregoing resolution is hereby approved th~/ 2nd
June 1992. /
day
./,--
Approved as to form
and legal content:
JAMES F. PENMAN
City Attorney
2
City of S Belno
Res 92-188 adopted 6/1/92
E X H I BIT
"A"
~ .
.. ~"
SECURITY PACIFIC NATIONAL BANK
CORPORATE TRUST DIVISION
600 Wilshire Boulevard, Los Angeles, California 90017
Mailing Address: P.O. Box 30376, Terminal Annex, Los Angeles, CA 90030
April 9, 1992
City of San Bernardino
300 North "0" Street
Finance Department, 4th Floor
San Bernardino, California 12418
Attention: Andrew Green
RE: Appointment of Resulting Fiscal Agent - City of San Bernardino
1915 Act Limited Obligation Improvement Bonds Dist. #977B
Ladies and Gentlemen:
As you are no doubt aware, Security Pacific National Bank (the "Bank")
has filed an application with the regulators to obtain consent to merge
into Bank of America NT & SA (the "Resulting Bank"). The Bank acts as
your fiscal agent in the above-referenced financing and wishes to continue
to do so in the Resulting Bank.
To facilitate this transition, we kindly ask that you acknowledge on
the additional copy of this letter that the Resulting Bank shall continue
to act as fiscal agent following the merger. We have also enclosed a
self-addressed stamped envelope for your convenience.
We at Security Pacific value our continued relationship and urge you
to call if you have any questions.
Very truly yours,
ACKNOWLEDGEMENT THAT THE RESULTING ANK
SHALL CONTINUE TO ACT AGENT
FOLLOWING MERGER THIS June
BANK
Esp~noza/.'~~ Officer
By:
1992.
By City
Title: