Res16 15479 - Laserfiche WebLink

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3/14/2016 3. The City Council hereby acknowledges receipt of the proposal of the firm of Quint & Thimmig LLP to act as bond counsel to the City of Redwood City in connection with the issuance of the 2016 Bonds. The City Council hereby authorizes and directs the Interim Finance Director (or designee) to execute and deliver an agreement with said firm for its services; provided that: (a) the agreement is consistent with said firm's proposal heretofore submitted to the City of Redwood City and contains terms (including those regarding compensation) no less favorable to the City of Redwood City than as set forth in such proposal, and (b) any and all compensation to such firm under the agreement is payable solely from the proceeds of the 2016 Bonds. 4. The City Council hereby acknowledges receipt of the proposal of the firm of Sidley Austin LLP, to act as disclosure counsel to the City of Redwood City in connection with the issuance of the 2016 Bonds. The City Council hereby authorizes and directs the Interim Finance Director (or designee) to execute and deliver an agreement with said firm for its services; provided that: (a) the agreement is consistent with said firm's proposal heretofore submitted to the City of Redwood City and contains terms (including those regarding compensation) no less favorable to the City of Redwood City than as set forth in such proposal, and (b) any and all compensation to such firm under the agreement is payable solely from the proceeds of the 2016 Bonds. 5. The City Council hereby appoints Stifel, Nicolaus & Company, Inc. (the "Underwriter") to serve as underwriter for the 2016 Bonds and appoints such firm as underwriter for the 2016 Bonds. The Interim Finance Director (or designee) is authorized and directed to prepare or cause to be prepared a form of a bond purchase agreement to be entered into by and between the City and the Underwriter in connection with the sale of the Bonds to the Underwriter, such form of bond purchase agreement to be approved by this City Council at a later date. 6. The City Manager, the Interim Director of Finance, the City Clerk and all other members of the City's management staff are hereby authorized and directed to take such actions as are necessary or appropriate to prepare for a refinancing of the 2011 Bonds, and to present to this City Council for its approval all documentation and proceedings necessary in connection therewith. Nothing in this Resolution shall in any way commit the City Council to issue the 2016 Bonds. 7. This resolution shall be effective immediately upon its adoption. * ,� * Page 2 of 2 ATTY/RES0.0018/CC RESO REFUNDING CFD 2010-1 APPOINTING CONSULTANTS RESO.#15479 REV:03-03-16 JS MUFF#506