HomeMy WebLinkAboutResolution 6274 N.C.S. 05/07/1973 EER/mi. 5-7-73
Resolution No 6274 N C` .
RESOLUTION. AUTHORIZING THE WWI TO ENTER INTO.
AGREEMENT WITH THE BANK OF AMERICA TO INCREASE QRIQINAL
FISCAL AGENCY FEES REGARDING 1958 WATER REVENUE
BONDS
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INTRODUCED BY COUNCILMAN �J�4"4 j At A Regular Meeting of
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the City Council of the City of Petaluma on the 7th day of MAY 19.11
WHEREAS the Bank 'of America has been performing services
as Fiscal Agency with respect to the Water Revenue Bonds and because of
increased costs in performing services have 'requested that the fees be
amended as per the schedule 'attached and that these be amended to the
Fiscal Agency Agreement to reflect said change/
NOW THEREFORE 'BE IT RESOLVED that the Mayor be, and she
is hereby authorized to execute an amendment to the Fiscal Agency Agree-
ment with the Bank of America in the form which is attached.
under the power and authority conferred upon this Council by the Charter of said City.
).'. COUNCILMEN VOTE
Secon led by / T � Ayes Noes Absent
thereby certify that the foregoing resolution was duly and Councilman Robert A. Brunner ✓'
regularly introduced and adopted'by the Council of the City of
John W. Cavanagh, Jr.
Petaluma, on the 7th day of MAY,— 1973 , by ✓
the following vote: �f/ ) ) Richard W. Clecak
(SEAL) �7:± t-/!i,�l - f-4-^l:'s:./ Robert E. Daly +�
Mayor of the City of Petaluma Fred V. Mattei ✓
William A. Perry, ft. i/
/ �
Attes[/_r-C,r r,
City Clerk Mayor Helen E utnam
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. AMENDMENT TO FISCAL AGENCY AGREEMENT
This amends the Paying Agent fees contained in the Fiscal Agree-
ment entered into on August 4,. 1959 between the CITY OF PETALUMA
("ISSUER") , State of California and Bank of America National Trust and
Savings Association ("BANK") .
Effective July 1, 1973, ISSUER shall pay to BANK fees in accordance
with"the following schedule:
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Payment of, bonds at maturity or when
• entire principal amount is called
for redemption $2.00 each
Payment of coupons . 17 each
. ' Payment of bonds prior to maturity by
partial call 2. 00 each
. Registration of bonds 2.00 each
Payment of interest on registered bonds
by check .42 per check
Note: The above fees include the destruction
or return to principal of all bonds and
coupons paid; and the normal :reimburse-
ment to BANK of postage (first class rate. -
$ .08) , express and insurance charges.
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Dated
CITY OF PETALUMA
BY
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By
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BANK OF AMERICA, NT&SA
By
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By
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