Title
Resolution appointing Bond Trust Services Corporation to serve as fiscal agent for the City of West Allis in connection with outstanding obligations.
Body
WHEREAS, the City of West Allis, Wisconsin (the "City") has outstanding the bond and promissory note issues described on Exhibit A for which the City Clerk and Treasurer serve as the fiscal agent (collectively, the "Obligations"); and
WHEREAS, the Obligations were issued in book-entry-only form registered in the name of CEDE & CO. as nominee of The Depository Trust Company, New York, New York ("DTC"), and DTC acts as securities depository of the Obligations; and
WHEREAS, the Common Council deems it to be necessary, desirable and in the best interest of the City to appoint a bank or trust company to serve as fiscal agent with respect to the Obligations and to perform the duties of registrar and paying agent with respect to all of the Obligations; and
WHEREAS, the Common Council now deems it to be necessary, desirable and in the best interest of the City to enter into contracts with Bond Trust Services Corporation, Roseville, Minnesota to serve as the City's fiscal agent with respect to the Obligations and to serve as registrar and paying agent for such Obligations.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City that:
1. Appointment. The City hereby appoints Bond Trust Services Corporation, Roseville, Minnesota (the "Fiscal Agent") to serve as its fiscal agent with respect to the Obligations pursuant to Wis. Stats. Sec. 67.10(2). The Mayor and City Clerk are hereby authorized and directed to enter into contracts with the Fiscal Agent to act on the City's behalf (the "Fiscal Agency Agreements"). The Fiscal Agency Agreements between the City and the Fiscal Agent shall be substantially in the form attached hereto as Exhibit B and incorporated herein by this reference and may provide, among other things, for the performance by the Fiscal Agent of the functions listed in Wis. Stats. S...
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