2001/11/13 City Council Resolution (4)RESOLUTION NO. 2001 -231
A RESOLUTION OF THE COUNCIL OF THE CITY OF ROHNERT PARK
APPROVING CHANGING TRUSTEE SERVICE FROM US BANK TO UNION BANK FOR
ALL ISSUANCES HELD BY US BANK
WHEREAS, the City is required to obtain trustee services for
the administration of all bond or certificate of participation
issuances; and
WHEREAS, the City has secured US Bank for trustee services
for seven issuances and Union Bank for trustee services of the
two mobile home park issuances; and
WHEREAS, Union Bank has submitted a proposal of fees to
administer the issuances currently handled by US Bank; and
WHEREAS, the proposal by Union Bank will result in a savings
of about $6,000 annually; and
WHEREAS, the City's experience with both banks as trustees
has shown that Union Bank has a higher level of service;
NOW, THEREFORE, BE IT RESOLVED that the Council does
hereby approve the change of trustee service to Union Bank for
all issuances currently administered by US Bank.
DULY AND REGULARLY ADOPTED by the Rohnert Park City Council
this 13th day of November, 2001.
MM
ATTEST:
D90uty /.ty Cl
yor
FLORES: AYE REILLY: AYE SPIRO: AYE, VIDAK- MARTINEZ: AYE MACKENZIE: AYE
AYES: (5) NOES: (0) ABSENT: (0) ABSTAIN: (0)