HomeMy WebLinkAboutExhibit 3EXHIBIT E
Copy of SunTrust Bank Proposal of April 28, 2005
Regarding Services as Custodian of
"City of Miami, Florida Wagner Square Project
Guaranteed Loan Funds Account:
SunTrust Bank as Custodian of United States Department of Housing and Urban Development"
C-3
SunTrust Bank Miami
Mail Code 1020
Corporate Trust Division
777 Bricked Avenue
Miami, FL 33131
Tel (305) 579-7141
Fax (305) 579-7023
Oscar Suris
Sr. Vice President
SUNTRUST
April 28, 2005
Robin J. Jackson, Esq.
Assistant City Attorney
City of Miami
Office of the City Attorney
444 SW end Avenue-9th Floor
Miami, Florida 3313o
Re: City of Miami — Wagner Square, LLC
Custodial Agreement for Security Documents
Dear Robin:
Foliowing up on our conversation this afternoon, below are our fees for acting as Funds
Custodian in connection with the subject transaction:
• Acceptance Fee Waived.
• Annual Administration Fee $i,000, in advance.
• Per withdrawal request $25.00
• Legal Fees — Document Review Not applicable.
Plus reimbursement for out-of-pocket expenses associated with ongoing administration, such
as wire transfers at $20.00 each, overnight courier, postage, telecopy, etc., if any, which will
be invoiced at cost.
Thank you for the opportunity of offering our services, and priase, call me, or Holly Jeske; at
305-579-7009, if you have any questions.
As soon as we receive the escrow agreement, and have an opportunity to evaluate the services
required of us, we will provide a fee quote for our services as escrow agent.
Sincerely,