HomeMy WebLinkAbout81-71 - Appointing Crocker Bank as Paying Agent for Bonds, Assessment District 80-12,4L'
RESOLUTION NO. 81-71
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
COSTA MESA, CALIFORNIA, APPOINTING PAYING AGENT
FOR PURPOSES OF SERVICING CERTAIN ASSESSMENT
BONDS.
WHEREAS, the CITY COUNCIL of the CITY of COSTA MESA, CALIFORNIA,
(hereinafter referred to as "Agency"), is conducting proceedings for
the formation of a special assessment district under the terms and
provisions of the "Municipal Improvement Act of 1913", being Division
12 of the Streets and Highways Code of the State of California, with
bonds to issue under the terms and provisions of the "Improvement Bond
Act of 1915", being Division 10 of said Code; said special assessment
district known and designated as: ASSESSMENT DISTRICT NO. 80-1 (SUN-
FLOWER/MAC ARTHUR INDUSTRIAL AREA), (hereinafter referred to as the
"Assessment District"); and,
WHEREAS, at this time Agency is desirous to appoint a qualified
paying agent for purposes of servicing the bond as proposed to issue
for this Assessment District, and a proposal has now been received
that is satisfactory to Agency.
NOW, THEREFORE, IT IS HEREBY RESOLVED AS FOLLOWS:
SECTION 1. That the above recitals are all true and correct.
SECTION 2. That Agency does hereby appoint CROCKER NATIONAL BANK,
LOS ANGELES, to act as Paying Agent for purposes of servicing the
bonds to issue under the provisions of the "Improvement Bond Act of
1915" for the above referenced Assessment District.
SECTION 3. That the proposal as submitted by said designated
Paying Agent is hereby approved, and execution is hereby authorized by
the Mayor and City Clerk and all the terms and conditions contained
therein are hereby approved and accepted by this Agency.
APPROVED and ADOPTED this 3rd day of August, 1981.
ATTEST:
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C y er o t e ity o osta Me
STATE OF CALIFORNIA ) "
COUNTY OF ORANGE ) SS
CITY OF COSTA MESA 1
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a o e ity o ost Mesa
I, EILEEN P. PHINNEY, City Clerk of the City of COSTA MESA, Cali-
fornia DO HEREBY CERTIFY that the foregoing Resolution, being Resolu-
tion No. 81-71 was duly passed, approved and signed by the Mayor, and
attested by the City Clerk, all at a regular meeting of said City
Council held on the 3rd day of August, 1981, and that the same was
passed and adopted by the following roll call vote, to wit:
AYES: COUNCIL MEMBERS: Schafer, Hall, McFarland, Johnson
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: Hertzog
IN WITNESS WHEREOF, I have hereby set my hand and affixed the Seal
of the City of Costa Mesa this 4th day of August, 1981.
CFEy
Clerk and
ex -officio
Clerk of e
City
Council of
the City
of Costa a