13-5148
AUTHORIZE THE FINANCE DIRECTOR TO REQUEST THAT WELLS FARGO BANK, N.A. RESIGN AS THE TRUSTEE AND PAYING AGENT FOR THE CITY AND COMMUNITY FACILITIES DISTRICTS RECOMMENDATION: Authorize the Finance Director to request that Wells Fargo Bank, N.A. resign as the trustee and paying agent for the City and Community Facilities Districts (CFDs). PURPOSE: The City and CFDs desire to do business with trustees and paying agents that provide services through local representatives and Wells Fargo Bank, N.A., the current majority trustee and paying agent for the City’s and CFDs’ bond issuances, no longer operates a corporate trust office within Arizona. (Larry Lange, Finance Director)
- Committee
- City Council Regular Meeting
- Introduced
- October 30, 2013
- On agenda
- November 18, 2013
- Passed
- November 18, 2013
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