HomeMy WebLinkAboutResolutions - No. IDA-16RESOLUTION NO. IDA -16
A RESOLUTION OF THE INDUSTRIAL DEVELOPMENT AUTHORITY
IDA) APPROVING THE RESIGNATION, SUCCESSOR APPOINTMENT
AND ACCEPTANCE AGREEMENT, AND FURTHER AUTHORIZING THE
IDA CHAIRPERSON AND SECRETARY TO EXECUTE THE
DOCUMENTS ON BEHALF OF THE CITY OF LODI
WHEREAS, transfer documents for Industrial Development Authority of the City of
Lodi Variable Rate Demand Limited Obligation Revenue Bonds (Dart Container
Corporation of California Project) Series 1984 have been received; and
WHEREAS, Comerica has resigned in the capacity as corporate trust, and the
duties will be assumed by First Trust National Association of Lansing, Michigan; and
BE IT RESOLVED, that the Board of Directors of the Industrial Development
Authority hereby approves the resignation, successor appointment and acceptance
agreement; and
BE IT FURTHER RESOLVED, that the IDA Chairperson and Secretary are hereby
authorized to execute the documents on behalf of the City of Lodi.
Approved and adopted October 15, 1997 by the foiiowing vote:
AYES: Authorizing Members — Land, Mann, Sieglock, Warner and Pennino
Chairperson)
NOES: Authorizing Members - None
ABSENT: Authorizing Members - None
ABSTAIN: Authorizing Members - None
PHIL.LIP ENNINO
Chairperson, Industrial Development
Authority, City of Lodi, California
Attest:'
ALICE M. REI CHE, Secretary
Industrial Development Authority,
City of Lodi, California
IDA -16