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RES 87068
City of Pleasanton
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RES 87068
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6/21/2012 4:13:00 PM
Creation date
12/10/1999 11:52:06 PM
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CITY CLERK
CITY CLERK - TYPE
RESOLUTIONS
DOCUMENT DATE
2/17/1987
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Dist. Agmt. No. 4-1028-EA <br /> <br />start-up charges, monthly transaction charges, service fees and <br />out-of-pocket expenses and any and all costs incurred by ESCROW <br />AGENT, including, but not limited to, reasonable legal expenses <br />actually incurred in any legal proceedings between CITY and STATE <br /> <br />not resulting from negligence of ESCROW AGENT. Said payment <br />shall be made to: <br /> <br /> Escrow Agent <br /> Bank of America <br /> 370 Main Street <br /> Pleasanton, CA 94566 <br /> <br /> SECTION II <br /> <br />STATE AGREES: <br /> <br /> (1) To furnish ESCROW AGENT on or before the ?5th cal- <br />endar day of each month or at such other times as funds are re- <br />quireS, a billing for the pal~ent to be made by ESCROW AGENT, <br />together with a copy of such documentation as, in STATE's opin- <br />ion, will support such billing; and to furnish CITY with a copy <br />of said documentation. <br /> <br /> (2) To submit all demands for payment to: <br /> <br /> Escrow Agent <br /> Bank of America <br /> 370 Main Street <br /> Pleasanton, Ca 94566 <br /> <br /> SECTION III <br /> <br />ESCROW AGENT AGREES: <br /> <br /> (1) To place CITY-deposited funds into a separate <br />identifiable account immediately upon deposit by CITY. <br /> <br /> -3- <br /> <br /> <br />
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