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