HomeMy WebLinkAboutReso 2000-375 RESOLUTION NO. 2000-375
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA APPROVING THE AMENDED CONTRACT
FOR APPRAISAL SERVICES ~VITH BRUCE HULL AND
AUTHORIZING THE MAYOR TO EXECUTE SAID
AGREEMENT
WHEREAS, Community Facilities District (CFD) No. 99-1 was formed to finance the
construction of Olympic Parkway; and
WHEREAS, the appraiser works in concert with the financial advisor providing current
data for analysis; and
WHEREAS, the appraisal is a key component in the viability of CFD financing; and
WHEREAS, familiarity with the community, fee structures, etc. is essential for the
protection of the future bond purchasers; and
WHEREAS, Bruce W. Hull and Associates performed the original appraisal for CFD No.
99-1 and has extensive knowledge of property values in this area; and
WHEREAS, the amendment of the appraiser's contract will increase the contract by
$20,000 to reappraise the property.
NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Chula Vista
does hereby approve the amended contract for appraisal services with Bruce Hull, a copy of
which shall be kept on file in the Office of the City Clerk.
BE IT FURTHER RESOLVED that the Mayor of the City of Chula Vista is hereby
authorized and directed to execute said contract on behalf of the City of Chula Vista.
Presented by Approved as to form by
~ublic Works Director C~ty Attorney
· ~i I
Resolution 2000-375
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
Califomia, this 24th day of October, 2000, by the following vote:
AYES: Councilmembers: Davis, Moot, Padilla, Salas, and Horton
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
ATTEST:
Susan Bigelow, City ~e'~k
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Susan Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 2000-375 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 24th day of October, 2000.
Executed this 24th day of October, 2000.