HomeMy WebLinkAboutContract 37791 (2)CITY SECRETARY
CONTRACT NO 3
AMENDMENT NO. 1
TO CITY SECRETARY CONTRACT NO, 29198
MASTER PAYING AGENT/REGISTRAR AGREEMENT
This Amendment to City Secretary Contract ("CSC") No. 29198, Master Paying
Agent/Registrar Agreement (this "Amendment") is entered into by and between the City
of Fort Worth ("City"), a home -rule municipal corporation organized under the laws of
the state of Texas, and Wells Fargo Bank, N.A. ("Bank"), a national banking association
organized under the laws of the United States, collectively referred to as the "parties,"
acting by and through the authorized representative of each party.
WHEREAS, on or about October 30, 2003, the parties previously entered into
CSC No. 29198 (the "Agreement") a master paying/agent registrar agreement where the
Bank provided services with respect to the registration, payment, transfer, exchange and
replacement of certain outstanding City general purpose bonds and other financing
methods and debt service obligations; and
WHEREAS, the initial term of the Agreement which began on October 30, 2003
has expired; and
WHEREAS, the parties now wish to extend the term of the Agreement and
modify the payment structure for the services provided thereunder.
NOW THEREFORE, the parties hereby amend the Agreement as follows:
SECTION 1.
The term of the Agreement shall be extended to include Bonds issued by the City
from October 30, 2008 to October 30, 2010 as provided in Section 2.4 of the Agreement.
This extension provides for services related to the City's outstanding general purpose
bonds, revenue bonds, certificates of obligation, equipment tax notes and other debt
obligations which the City is obligated to pay debt service issued after October 30, 2008,
SECTION 2.
For payment of the Bank's services rendered in connection with the above
obligations, the City agrees to pay the Bank from time to time reasonable compensation
for all services rendered by it, which compensation shall be in accordance with the
Schedule of Fees attached as Exhibit A, which is made a part hereof for all purposes. The
attached Schedule of Fees hereby replaces the previous Exhibit A, Fee Schedule in the
original Agreement.
SECTION 3.
All other terms and conditions of the Agreement not expressly altered, modified,
or amended herein shall remain in full force and effect. This Amendment shall not
modify any other provisions of the Agreement except for extending the date for providing
paying agent/registrar services and specifying the compensation of the Bank.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed, and their respective seals to be hereunto affixed and attested, all as of the last
date and year written below.
CITY OF FORT WORTH, TEXAS
Karen 1. Montgomery
Assistant City Manager/CFO
Date:
Address:1000 Throckmorton Street
Fort Worth, Texas 76102
ATTEST:
Marty
City S
APPROVED AS TO FORM:
L
Maleshia B ��'armer
Assistant City Attorney
•rt Worth,
.
Date: q/ii/oar
Address: 201 Main Street, 3rd Floor
MAC: T5441-030
ATE
By:
Name:
Fort Worth, Texas 76102
PATRICIA ASTON
Title: yICE PRESIDENT
Gregory M. Hasty
Wells Fargo Bank
Corporate Trust Services
1445 Ross Avenue, 2nd Floor
Dallas, Texas 75202
Tel: (214) 740-1548
Fax: (214)777-4086
EXHIBIT A
SCHEDULE OF FEES
City of Fort Worth, Texas
Master Paying Agent Fee Schedule
August 2008
To act as PAYING AGENT ®ISTRAR
Acceptance Fee•
$0.00 per issue
Initial Fees as they relate to Wells Fargo Bank acting in the capacity of Paying Agent/Registrar —includes
creation and examination of the Paying Agent/Registrar Agreement; acceptance of the appointment;
setting up of Paying Agent/Registrar records and accounting records; and coordination of closing.
Acceptance Fee payable at time of Paying Agent/Registrar Agreement execution.
Annual Administration Fee:
$400.00 per issue
For ordinary administration services by Paying Agent/Registrar — includes daily routine account
management; investment transactions; cash transaction processing in accordance with the agreement; and
mailing of trust account statements to all applicable parties. Float credit received by the bank for
receiving funds that remain uninvested are deemed part of the Paying Agent's compensation. The Annual
Administration fees are payable in advance, with the first installment due at closing.
Out of Pocket Expenses:
We only charge for out of pocket expenses in response to specific tasks assigned by the client. Therefore,
we cannot anticipate what specific out of pocket items will be needed or what corresponding expenses
will be incurred. Possible expenses would be, but are not limited to, express mail and messenger charges,
travel expenses to attend closing or other meetings. There are no charges for indirect out of pocket
expenses.
Submitted by: Gregory M. Hasty -August 1, 2008
Vice President/Business Development
Wells Fargo Bank
(214) 740-1548
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CITY SECRETAM'.:
FT. WORTH, 71-�