HomeMy WebLinkAbout1986-329
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SBEOOl-134/1792S/kl
07/17/86
RESOLUTION NO. 86-329
A RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF
THE CITY OF SAN BERNARDINO, CALIFORNIA,
APPROVING A CERTAIN FEE SCHEDULE IN CONNECTION
WITH CERTAIN TRUST ACCOUNTS
WHEREAS, the City of San Bernardino (the "City") has
entered into certain fiscal agent, trustee, registrar and paying
agent agreements with Security Pacific National Bank in connection
with certain financings of the City; and
WHEREAS, the City has been notified by Security Pacific
National Bank that their fiscal agent, trustee, registrar and paying
agent fees have increased effective January 1, 1986; and
WHEREAS, it is appropriate at this time for the Mayor and
Common Council of the City of San Bernardino, California (the "Mayor
and Common Council") to approve certain fee increases, as listed in
the fee schedule as attached hereto as Exhibit "A" and incorporated
herein by this reference (the "Fee Schedule"), in connection with
the administration of certain trust accounts by Security Pacific
National Bank on behalf of the Redevelopment Agency of the City of
San Bernardino (the "Agency") or City, as appropriate, which trust
accounts are listed in Exhibit "B" attached hereto and incorporated
herein by this reference (the "Trust Accounts").
- 1 -
NOW, THEREFORE, THE MAYOR AND COMMON COUNCIL OF THE CITY
OF SAN BERNARDINO, CALIFORNIA, DO HEREBY FIND, RESOLVE, DETERMINE
AND ORDER AS FOLLOWS:
Section 1.
The Mayor
and
Common
Council
hereby
approve the Fee Schedule in connection with the Trust Accounts.
Section 2.
The
Mayor
and
Common Counci 1
hereby
authorize and direct the Mayor, City Clerk or such other appropriate
City official to execute any and all necessary documentation 1n
order to implement the Fee Schedule.
Section 3.
This Resolution shall take effect upon
adoption.
ADOPTED:
Approved as to Legal
Form and Adequacy:
By: d~-?l -ff 4h~~
~.~ City Attorney ,;/
- 2 -
I HEREBY
adopted by the
San Bernardino at
held on the 4th
the following vote,
CERTIFY that
Mayor and
a regular
day of
to wit:
the foregoing
Common Counci 1
resolution
of the
meeting
was duly
Ci ty of
thereof,
1986 , by
AYES:
Council Members Estrada, Reilly, Hernandez, Marks,
NAYS:
ABSENT:
day of
The foregoing
August
resolution is
, 1986.
approved
Approved as to form:
A4/~~/
}.t2t City Attorney
August
Frazier, Strickler
None
Council Member Quiel
~///?/l/~A6
Citi Clerk
hereby
this
6th
- 3 -
EXHIBIT IIA"
FEE SCHEDULE
- Administration fees increased by 10%
- Bond redemptions to $500 plus $2.90 per Bond
- Bondholder maintenance annual minimum to $100
_ Payment of registered interest to $.55 per check and payment of coupons
to $.27 per coupon (minimum per payment period $150)
EXHIBIT "B"
, "
TRUST ACCOUNTS
WITH
SECURITY PACIFIC NATIONAL BANK
NUMBER
AGREEMENT
7-80510-0-4 <1981 Series A) SEIP
<1983 Seri es B)
7-82360-0-6 FIRE STATION
7-79070-0 GOLF COURSE ISSUE - 1980
7-80400-0 CENTRAL CITY SOUTH
7-76410-0 SINGLEFAMILY - 1979
7-80180-0 STATE COLLEGE - 1983
7-79080-0 SINGLEFAMILY - 1980
1282G