HomeMy WebLinkAboutR-1994-015(
A RESOLUTION OF THE CITY OF DANIA, FLORIDA,
APPROVING THE RESIGNATION OF TRUSTEE, RELEASE OF
RESIGNING TRUSTEE AND DESIGNATION OF SUCCESSOR
TRUSTEE, AND ACCEPTANCE OF SUCCESSOR TRUSTEE,
RELATING TO TRUST AGREEMENT FOR SEWER BONDS;
AND PROVIDING FOR AN EFFECTIVE DATE.
BE IT RESOLVED BY THE CITY COMMISSION OF THE CIry OF DANIA,
FLORIDA:
Section 1. That that certain Resignation of Trustee, Release of Resigning Trustee and
Designation of Successor Trustee, and Acceptance of Successor Trustee, relating to trust
agreement for sewer bonds, a copy of which is attached hereto as Exhibit'4", be and the
same is hereby approved and the appropriate city officials are hereby authorized to
execute same.
Section 2. That this resolution shall be in force and take effect immediately upon
its passage and adoption.
PASSEDandADOPTEDthis 8th dayof February, 1994.
ATTEST:YOR - COMMISSIONER
CIry CLERK - AUDITOR
APPROVED AS TO FORM AND CORRECTNESS
*.J tlt*BY
RESOLUTTON p9. 1s-e4
Frank C. Adler, City Attorney
RESIGNATION OF TRUSTEE
COMES NOw, CITIBANX (FIpRIDA), N,A. (hereinafter rrcitibankrr),
as lrucceasor in interest to cAnIBAIx, aE auccesor ln lnterest to
THE DANIA BANX, aE frustee under that certaln Trust Agreenent (thenTrustn) dated DeceEber 7,1964t by and betueen the CITY OF DAIIA,
PLoRIDA, aB Grantor, and THE DAIfA BANX' as Trustee, hereby resignsas lrustee of the Trust effectlve as ol the latter of the date ofthe designation by the Crantor of a successor Trustee and the
acceptance of sai,d aPPoj.ntEent by the Successor Trustee.
DAIED lhls /V day ol )z< mfu z 1993.
CITT (FLORTDA) , N.A.
Byr
Attest:
RESICXIAIOI Ot tRUalEl,
DESTCNITIOI Ol 8UCCES8oB rBUatEE,
AlrD lccEpalNcB ot auccEaaoR TnustEE
RELEASE OF RESTGNING TRUSTEE AND
DESTCNATION OF SUCCESSOR TRUSTEE
COME lhe CITY OF DANIA, FI,RTDA, ag GTantoT,necessity of Citibank filing a fi.nal ac
and by(i) rraives th lng asTrusteet (ii) a ledges leceipt of EonthLy statene of accountof the Trust vheTrustee through in are reported the acts and pddte hereofi (iii) agrees troc dings of thee pa)rment ofcitibank's annual issions due thlough the d of distributionof the lrust assets;v) appr oves the adrainis atlon of this Trustby citicorp Trust, N citibank (Flor ), N.A., and theircorporate Predecessors,ndlvldualLy s such trustee in allrespects, and hereby rele s and for dlgchalges thelD fron anya9 Trusteei (v) agrees toand all liability whatsoev rrhile accause to be refunded to cit ri5 tee, any amounts necessaryto pay any debts, taxes, or othcharged to the Trust prior to lities of any kind uhich, ifdistrlbution, vould have been aproper charge against the rrus t to exceed, holrever, an atnountequal to the value of the sse distributed on the date ofdistributLon; (vi) desi tes a aPPoints FIDUCIARY TRUST
INTERNATIONAL OF THL nd (vii) her
(hereinaft trFi.duciar
indenn
yrr ) as successorifies and holdsTrustee of the TrustiharDlesg Ficuciaryonissions of citiba of nd froE any liab ity for the acts and/or
'",h i Ie acting as Tru ee of the Trust.
day of 1993.
CITY OF DA}IIA FLORIDA
Apprcved a9 to forni
y Atorney
By
II
I
ai
EXHIBIT "A"
1
Attest:
I
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DATED thi.s
ACCEPTAXCE OF SUCCESSOR TRUSTEE
COUES NOI{, FIDUCIARY ARUST INTERNATIONAI OF THE SOUTH,
accepts the foregoLng designation and appointhent andofherebyFiduciary a3 successor Trus e of the Trust.
DATED thLs _ day of , 1993.
DUCIARY TRUST INTERNATIONAL
O3'TIIE SOUTH
By
(i
Trof
Tr
C0l,tE N0x, the CITY 0F DA
) lraives the necessity of Ciustee; (ii) acknorledges recthe Trust rherein are rePor
u stee throu th the date hereo
RELEASE OF RESTG ING TRUSTEE AI{O
DESIGNATION OF SUCCESSOR TRUSTEE
A, FL0RIDA, as Grantor, and herebYibank filing a final accounting asipt of monthly statenents of accounted the acts and proceedings of the
Attest:
, not to exceed, horever, an amourt
SUSAN SIRICIGOOT ADAHS,vice'!resident
RST UIIION IIATIOI{AL
rei nafter " Fil.std (vii) hereby indemnifiesy li abi li ty for theg as Trustee of the
It
etf
d
o
a
d
a
h
n
htt
a
ue
been a
(iii) agrees to the paymethrough the date of distrthe admini stration of th
( Florida) , N.A. , and theily and as such trustee inforever discharges then facting as Trustee; (v) aas trustee, any anounts n'l iabi l ities of any kind rdlstribution, would have
nt ofibutionis Trustr
a'l Iron any
Citibank's annua'l commi ss i onsof the Trust assets; (iv) appr
by Citicorp Trust, .A., Citib
corporate Predecessors, indivirespects, and herebY rel eases
and all liability whatsoever tr
ves
nkual
nd
causeto pa
chargproPedistr
84fi(
Union
GROUP (
Trust;d from
i I e act
grees toecessaryhich, ifto be ry any de
ed to thr chargeibutioni
OF FLORI") as su
efunded to Cl ti babts, taxes, ol^ ote Trust prior toagainst the Trus(vi ) designates
DA, CAPI TAL ilAr{A6ccessor Tru stee o
ile
k,
er
he
nd
I,IEN
ntSpoiaP
T
e
an
thf
k
FI
he
an
anin
E
a
o
n
and ho'lds harmless Fi rst unionacts and/or onissions of CitibTrust.
0ATED this date of
Appro Yed as to form:
City Attorney
ctTY 0F DAI{lA,
1994
FLORI DA
By:
2
I r \sh.\Danie
r
Attest:
ACCEPTANCE OF SUCCESSOR TRUSTET
COMES I{O'/, FIRST UNION I{ATIONAL BAII( OF FLORIOA' CA
MAGAI{EMEI{T GROUP' and hereby accepts the foregoing desig
appolntment of First Union as Successor Trustee of the T
PITALnation andrust.
0ATED this date of , 1994
FIRST UNION I{ATIOtIAL BANK OF FLORIDA
CAPITAL MAI{AGEMENT GROTJP
8y:
ERIC C. LALLOOVice President
Attest:
EF