HomeMy WebLinkAboutMINUTES - 09121995 - C139 Contra
Costa
TO: BOARD OF SUPERVISORS Coin/
r C Uh�J
FROM: Harvey E. Bragdon
Director of Community Development
DATE: September 12, 1995
SUBJECT: Certificate of Authorized Officers - Bank of America
SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
AUTHORIZE the Chair and the Authorized Officers to execute a Certificate of Authorized
Officers on behalf of the County for various Contra Costa County bond issues for which the
Bank of America acts as Trustee.
FISCAL IMPACT
None.
BACKGROUND/REASONS FOR RECOMMENDATIONS
Bank of America acts as Trustee on a variety of bond issues of Contra Costa County, as listed
on Attachment A. The Bank has requested that the County update its Certificate of Authorized
Officers for said bond issues. The Authorized Officers include the Chair, the Vice Chair,
County Administrator, Director of Community Development, Deputy Director - Redevelopment,
County Treasurer, County Auditor-Controller, and Director of Growth Management &
Economic Development Agency.
CONTINUED ON ATTACHMENT: CX YES SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR ECOMME ATION OF BOA
COMMITTEE APPROVE OTHER
0
SIGNATURE(S):
ACTION OF BOARD ON r 12. 1995 APPROVED AS RECOMMENDED x OTHER
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS IS A
x UNANIMOUS (ABSENT R)aas ) TRUE AND CORRECT COPY OF AN
AYES: NOES: ACTION TAKEN AND ENTERED ON THE
ABSENT: pccpxs ABSTAIN: MINUTES OF THE BOARD OF
SUPERVISORS ON THE DATE SHOWN.
Source: Jim Kennedy
646-4076
cc: Community Development ATTESTED SqDbEIT� 12, 1.995
County Administrator PHIL BATCHELOR, CLERK OF
County Counsel THE BOARD OF SUPERVISORS
Auditor-Controller AND COUNTY ADMINISTRATOR
Treasurer-Tax Collector
Community Development
GMEDA BY /0. DEPUTY
Redevelopment Agency
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sral ftfficer.bos
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CERTIFICATE OF AUTHORIZED OFFICERS
Name of Obligor/Issuer County of Contra Costa
Address c/o Community Development Dept,
651 Pine St,N Wing, 4th Floor, Martinez CA 94553
To: Bank of America
National Trust& Savings Association
Corporate Trust Division
Box 37002
San Francisco CA 94137
I, the undersigned J. 0. Magho , of the
County of Contra Costa, hereby certify that, pursuant to a Board Order duly adopted by the Board
of Supervisors on 5q t- mber 12. 1995 , those officers named upon the face of this Certificate
have been duly authorized, are now acting and are qualified to sign written instructions, consents,
certificates or other securities, etc., on behalf of this municipality/company, that the specimen
signatures appearing opposite the names are titles are the genuine signatures of such officers and that
said resolutions electing/authorizing these officers are now in full force and effect. You are further
authorized to recognize these signatures until you receive our written instructions to the contrary.
(Print) ignature)
Cagle Bishop Chair, will sign
Phil Batchelor County Administrator, will sijsign
n
Harvey Bragdon Director of Community Developmen
James Kennedy Deputy Director-Redevelopment, willAl Lomeli Treasurer, will sign '
Ken Corcoran Auditor-Controller, will sign
Val Alexeeff Director of GMEDA, will sign __
Certified on SEPbmber 12 , 19 95. [SEAL]
Name: J. 0. Mwlio
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Title: Chief Me& cf the Bwxd ccf SLl�cvisars
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ATTACHMENT A
Bond Issues with Original Principal
Bank of America as Trustee Amount ($000000)
1982 Single Family Mortgage Revenue Bonds $62.4
1983 Single Family Mortgage Revenue Bonds $37.1
1988 Single Family Mortgage Revenue Bonds $72.0
1989 Single Family Mortgage Revenue Bonds $44.96
1992 Single Family Mortgage Revenue Bonds# $47.7
1992 Redevelopment Tax Allocation Bonds $29.315
1995 Redevelopment Tax Allocation Bonds $ 1.645
1985A Multi-Family Mortgage Revenue Bonds (World S&L Program) $11.3 "
1985 C/1990A* Multi-Family Mortgage Revenue Bonds(Delta Square) $13.5
19857 Multi-Family Mortgage Revenue Bonds(Moraga Royale) $ 4.4
1989B/1992C* Multi-Family Mortgage Revenue Bonds(Park Regency) $60.0
1990B/1994A* Multi-Family Mortgage Revenue Bonds(Del Norte) $11.0
1976 Certificates of Participation(Concord Health Care) $ 4.3
1991-1 Mello-Roos Community Facilities District $ 4.555
1992-1 Mello-Roos Community Facilities District $ .171
NOTE: For most of these bond issues,the original Tmstee was Security Pacific National Bank. When security Parc and BofA merged in 1992,the
Duet function moved to BofA Only the 1992 Delta Counties Single Family Bonds and the 1992&1995 Redevelopment Tax Allocation Bonds had BofA
as original Trustee.
# Isom was Delta Counties Home Mortgage Finance Authority,a joint powers agency of Conus Costa County,Sacramento County,and the City of
Vallejo.
• Refunding Bonds.
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