Trustee - Laserfiche WebLink

Home Browse Search

SCHEDULE OF FEES MARION COUNTY, OREGON CERTIFICATES OF PARTICIPATION $22,000,000 (Courthouse Square Project) Series 1998 For Services of COP Trustee I. INITIAL ACCEPTANCE FEE $2,500.00 The acceptance fee is a one-time fee payable at bond closing. The fee covers the examination and acceptance of the Trust Indenture and other supporting documents, certification and authentication of the bonds, and setting up the necessary accounts and records. Extraordinary legal expenses, if incurred, are not included in the initial fee (see below). LEGAL EXPENSES Included in Annual Fee Norwest Bank Minnesota, National Association, does not engage outside counsel to review standard documents. If a legal opinion is required to review a non-standard transaction or for determination ofi enforceabiliry or perfection of a security interest, the fees are billed additionally as an out-of pocket expense. Internal legal counsel would be utilized to help minimize costs to the borrower. TRAVEL EXPENSES TO ATTEND BOND CLOSING As Incurred (Maximum Cap: $1,500.00) Expenses incurred by one trust officer to attend the bond closing (if requested) are billed additionally as an out-of-pocket expense. II. ANNUAL ADMINISTRATION FEE $2,000.00 The annual administration fee covers all normal administration of the trust accounts and is payable annually in advance with the first payment due at bond closing. The fee includes ordinary out-of-pocket expenses, investment transactions, wire transfers, UCC Filings, construction disbursements, compliance monitoring, and other duties required to fulfill ordinary fiduciary responsibilities. III. REGISTRAR/PAYING AGENT FEE Included in Annual Fee The fee is waived for a book-entry-only issue. The fee covers maintenance of registered bondholder accounts, payment of principal and interest to bondholders, and the preparation and filin~ of federal and state tax information on behalf of the borrower.