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<br /> . . . ,. <br /> D. City Hall Financing. <br /> 1) A RESOLUTION NO. 13462 OF THE CITY COUNCIL OF THE CITY OF <br /> - REDWOOD CITY PROVIDING FOR APPROVAL OF A LEASE <br /> AGREEMENT IN CONNECTION WITH THE EXECUTION AND <br /> DELIVERY OF CITY OF REDWOOD CITY VARIABLE RATE DEMAND <br /> CERTIFICATES OF PARTICIPATION (CITY HALL PROJECT), <br /> APPROVING THE SALE OF CERTIFICATES, APPROVING A TRUST <br /> AGREEMENT, A GROUND LEASE, A REIMBURSEMENT AGREEMENT, <br /> CONTRACT OF PURCHASE, A REMARKETING AGREEMENT, AND AN <br /> OFFICIAL STATEMENT AND PROVIDING OTHER MATTERS <br /> PROPERLY RELATING THERETO. (304) <br /> 2) RESOLUTION NO. 13463 APPROVING AND AUTHORIZING <br /> EXECUTION OF AGREEMENT FOR UNDERWRITING SERVICES (CITY <br /> HALL CONSTRUCTION FINANCING) (Stone & Youngberg LLC). (304) <br /> 3) RESOLUTION NO. 13464 APPROVING AND A UTH 0 RIZIN G <br /> EXECUTION OF LETTER AGREEMENT FOR FINANCIAL ADVISORY <br /> SERVICES (CITY HALL CONSTRUCTION FINANCING) (William Euphrat <br /> Municipal Finance, Inc.). (304) <br /> 4) RESOLUTION NO. 13465 APPROVING AND AUTHORIZING <br /> EXECUTION OF AGREEMENT FOR BOND COUNSEL SERVICES (CITY <br /> HALL CONSTRUCTION FINANCING) (Stradling Yocca Carlson & Rauth, <br /> Attorneys). (304) <br /> Director of Finance and Financial Planning Brian Ponty reviewed the report and <br /> - introduced representatives from the firms involved in the procedure. <br /> Discussion followed regarding potential risks, process of terminating the COPs and <br /> any penalties. <br /> John Holt, 42 Iris Street, expressed concerns about the possibility of the state taking <br /> the money if it had budget problems. He was informed it could not do so. <br /> MIS: BainlRuskin to adopt the four resolutions authorizing issuance of Certificate of <br /> Participation, approving execution of associated financing documents, and appointing <br /> Stradling Yocca Carlson & Rauth as bond counsel, William Euphrat Municipal <br /> Finance, Inc. as financial advisor, and Stone & Youngberg LLC as underwriter. (304) <br /> MINUTE ORDER NO. 98-241 <br /> The motion was adopted unanimously by those present (Leipzig absent) by roll call <br /> vote. <br /> ---------------------------------------------------------------------------------------------------------------------- <br /> 6. MATTERS OF COUNCIL INTEREST <br /> A. Council Member Claire thanked Pastor Logie for his service. <br /> B. Council Member Ruskin introduced Jean Lefkowski, the new Library Media Project <br /> Director. <br /> - <br /> REUULAR MEEIINU Cll Y COUNCIL MlNU IES HOOK NO. 57 SEPIEMHER21,1998 <br /> MINUTES Page No. 155 PAGE 5 <br />