Resolution - 6925RESOLUTION NO. 6925
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF WEST COVINA, COUNTY OF LOS ANGELES,
STATE OF CALIFORNIA APPROVING BANK OF AMERICA
AS TRUSTEE
WHEREAS, the City Council of the City of West
Covina ("City") has authorized the execution of a First
Amended Lease Agreement ("Lease Agreement") by and between
the City and the LOS ANGELES COUNTY -WEST COVINA CIVIC CENTER
AUTHORITY (the "Authority"); and
WHEREAS, the Authority has agreed to acquire certain
public improvements (the "Facilities") and the site thereof
(the "Site") and to lease the Facilities and the Site to the
City; and
WHEREAS, the Authority is required to deposit
certain moneys with a trustee and to assign and transfer
certain of its rights under the Lease Agreement to a trustee;
and
WHEREAS, the Bank of America has agreed to execute
and deliver Certificates of Participation evidencing pre-
payments made by the City under the Lease Agreement to provide
the money required herein to be deposited by the Authority; and
WHEREAS, Bank of America has agreed to abide by the
terms of a Trust Agreement entered into with the City; and
WHEREAS, Bank of America is a national bank duly
organized and existing under the laws of the United States
of America and the State of California;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL
OF THE CITY OF WEST COVINA AS FOLLOWS:
Section 1. The City Council does hereby approve
Bank of America as Trustee for purposes of carrying out
Trustee responsibilities in connection with the First Amended
Lease Agreement by and between the LOS ANGELES COUNTY -WEST
COVINA CIVIC CENTER AUTHORITY and the CITY OF WEST COVINA as
set forth more specifically in the Agreement by and between
BANK OF AMERICA and the CITY OF WEST COVINA relating to said
.First Amended Lease Agreement.
Section 2. The Mayor shall sign this Resolution and
the City Clerk shall attest and certify to the passage and
adoption of this Resolution; and the same shall thereupon be
in full force and effect.
APPROVED AND ADOPTED this 27th day of August, 1984.
Mayor
ATTEST:
Y1,0A, z,,. e-
Ci y Clerk
I HEREBY CERTIFY that the foregoing Resolution was
duly adopted by the City Council of the City of West Covina
at an Adjourned Regular Meeting of the City Council and the
Civic Center Authority thereof held on the 27th day of August,
1984, by the following vote, to wit:
AYES:' Council-Memberss A nners, Chappell, Shearer, Bacon
NOES: Council Members: None
ABSENT: Council Members: Tennant
P OVED A 0 FORM.
1
City A to ney I Y 1 Ci y Clerk
I