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55A - PROPOSITION 1A SECURITIZATION PROGRAM
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11/02/2009
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55A - PROPOSITION 1A SECURITIZATION PROGRAM
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Last modified
1/3/2012 4:14:29 PM
Creation date
10/27/2009 7:42:25 AM
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City Clerk
Doc Type
Agenda Packet
Item #
55A
Date
11/2/2009
Destruction Year
2014
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the Purchaser, however, deliver a written notice to the Office of the Controller stating that: <br />(a) the Seller failed to meet the requirements set forth in the Purchase and Sale Agreement; <br />(b) the Purchaser has not waived such requirements; and (c) the Purchaser has not purchased <br />the Proposition IA Receivable as a result of the circumstances described in (a) and (b) above, <br />then these instructions shall be automatically rescinded and the Seller shall again be entitled <br />to receive all payment of moneys due or to become due to the Seller pursuant to Section <br />25.5(a)(1)(B)(iii) of Article XIII of the California Constitution and Section 100.06 of the <br />California Revenue and Taxation Code. <br />Bank Name: Wells Fargo Bank, N.A. <br />Bank ABA Routing #: 121000248 <br />Bank Account #: 0001038377 <br />Bank Account Name: Corporate Trust Clearing <br />Further Credit To: CSCDA Proposition 1 A Bonds <br />Bank Address: 707 Wilshire Blvd., 17th Floor <br /> MAC E2818-176 <br /> Los Angeles, CA 90017 <br />Bank Telephone #: (213) 614-3353 <br />Bank Contact Person: Robert Schneider <br />Please do not hesitate to call the undersigned if you have any questions regarding <br />this transaction. Thank you for your assistance in this matter. <br />Very truly yours, <br />CITY OF SANTA. ANA <br />By: <br />D-2 <br />Authorized Officer <br />55A-32 <br />
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