Res11 15156 - Laserfiche WebLink

Browse Search

72/12/2011 ORIGINAL RESOLUTION NO. 15156 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDWOOD CITY APPOINTING CONSULTANTS IN CONNECTION WITH THE REFUNDING OF OUTSTANDING COMMUNITY FACILITIES DISTRICT NO. 2000-1 SPECIAL TAX BONDS, SERIES 2000A (PACIFIC SHORES PROJECT) WHEREAS, the City Council desires to appoint William Euphrat Municipal Finance, inc., San Francisco, California, as financial advisor for the public offering of the Bonds; and WHEREAS, the City Council desires to appoint Stone and Youngberg LLC, (the "Underwriter"), San Francisco, California, as the underwriter for the public offering of the Bonds, subject to a determination in accordance with Government Code Section 53360.4 that a negotiated sale of the Bonds to the Underwriter in accordance with the terms of a bond purchase agreement to be approved by this City Council at a later date will result in a lower overall cost to the CFD than a public sale; and WHEREAS, the City Council desires to appoint Nossaman LLP, Irvine, California, as bond counsel for the public offering of the Bonds; and WHEREAS, the City Council desires to appoint Quint & Thimmig LLP, San Francisco, California, as disclosure counsel for the public offering of the Bonds; and NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Redwood City as follows: Section 1. The above recitals are true and correct. Section 2. The City Council hereby acknowledges receipt of the proposal of the firm of William Euphrat Municipal Finance, Inc. to act as financial advisor to the City in connection with the proposed formation of the CFD and issuance of the Bonds. The City Council hereby authorizes and directs the Director of Finance 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 and contains terms (including those regarding compensation) no less favorable to the 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 Deposits, the proceeds of the Bonds, or the proceeds of the levy of special taxes within the CFD. Section 3. The City Council hereby appoints Stone and Youngberg LLC. (the "Underwriter"), San Francisco, California, as the underwriter for the Bonds. The Director of Finance 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 ' ATTY/RES0.2775/PACIFIC SHORE5 PROJECT RESO. # 15156 REV:71/22111 � � MUFF # 505 1