Laserfiche WebLink
CITY OF COLTON <br />AGENDA REPORT <br />For Council Meeting of March 6, 1990 <br />TO: Honorable Mayor and City Council <br />FROM: Jennifer Thornberry, Executive Director/RDA <br />SUBJECT: Approve Second Amended and Restated Remarketing Date: March 2, 1990 <br />Agreement and First Supplemental Indenture for the City's Variable Rate <br />Multifamily Mortgage Revenue Bonds (First Nationwide Savings Program) - <br />1985 Series A <br />DISCUSSION: <br />Attached please find a memorandum from Bond Counsel explaining the replace- <br />ment of Drexel Burnham Lambert Incorporated as Remarketing Agent and ap- <br />pointing Pacific Securities, Incorporated as Remarketing Agent for the ref- <br />erenced Bonds. <br />RECCMMENDATION: <br />Staff recommends approval of a resolution, by title, as follows: <br />RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />COLTON, CALIFORNIA APPROVING THE FORMS OF A <br />SECOND AMENDED AND RESTATED REMARKETING AGREE- <br />MENT AND FIRST SUPPLEMENTAL INDENTURE, AP- <br />POINTING AN INDEXING AGENT RELATING TO THE <br />CITY'S VARIABLE RATE MULTIFAMILY MORTGAGE <br />REVENUE BONDS (FIRST NATIONWIDE SAVINGS PRO- <br />GRAM) 1985 SERIES A AND OTHER MATTERS RELATING <br />THERETO <br />City Manager's Concurrence <br />Attachments: <br />Page 1 of — Item No.�2 <br />