Laserfiche WebLink
M I N U T E O R D E R <br />JOINT CITY COUNCIL / SUCCESSOR AGENCY BOARD <br />PUBLIC FINANCING AUTHORITY MEETING <br /> <br />May 24, 2021 <br />MO. 21-093 <br /> <br />CITY CLERK DEPARTMENT <br />Redwood City <br /> <br />Date: May 24, 2021 <br /> <br />Attention: City Attorney <br />Assistant City Manager and Administrative Services Director <br /> <br />**hard copy available upon request** <br /> <br />SUBJECT: Approve sale of revenue bonds to provide financing and award the <br />construction contract for the Veterans Memorial Building/Senior Center <br />Project <br /> <br />AGENDA STAFF REPORT ITEM: 8.A. (505) <br /> <br />Meeting of the Joint City Council/Successor Agency Board/Public Financing Authority Meeting on <br />May 24, 2021. <br /> <br />Present: Council Members Aguirre, Espinoza-Garnica, Gee, Hale, Reddy, Smith and Mayor <br />Howard. <br /> <br />M/S Reddy and Smith to: <br />1. By motion, in its capacity as the legislative body of the City, adopt a resolution authorizing <br />proceedings and agreements relating to the issuance and sale of bonds (the “Bonds”) in the <br />aggregate principal amount not to exceed $65,400,000 by the Redwood City Public Facilities <br />and Infrastructure Authority (the “Authority”) to provide financing for public improvements to <br />be owned and operated by the City, and directing certain actions; <br />Motion passes 6-1 by roll call vote, with Mayor Howard recused. <br /> <br />M/S Smith and Aguirre to: <br />2. By motion, City Council, in its capacity as the governing body of the Redwood City Public <br />Facilities and Infrastructure Authority, adopt a resolution authorizing the issuance and sale of <br />lease revenue bonds to finance capital improvement projects for the City of Redwood City, <br />and approving related documents and official actions; and <br />Motion passes 6-1 by roll call vote, with Mayor Howard recused. <br /> <br />M/S Reddy and Aguirre to: <br />3. By motion, City Council, in its capacity as the legislative body of the City, approve and <br />authorize the City Manager to execute the contract documents and award the standard form <br />contract for the Veterans Memorial Building/Senior Center Project to Thompson Builders <br />Corporation of Novato for their responsive and responsible low total bid of $51,097,000, <br />including authority for the City Manager or the City Manager’s designee to increase the <br />contract amount, if necessary, up to 10% of the amount awarded, for a total not to exceed <br />amount of $56,206,700, contingent on the approval, sale and close of the Bonds. <br />Motion passes 6-1 by roll call vote, with Mayor Howard recused. <br /> <br /> <br /> <br />Pamela Aguilar, CMC <br />City Clerk