HomeMy WebLinkAboutReso 2000-435 RESOLUTION NO. 2000-435
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA WAIVING THE CONSULTANT SELECTION
PROCESS AS IMPRACTICAL, APPROVING AN
AGREEMENT WITH HARRELL & COMPANY ADVISORS,
LLC FOR FiNANCIAL ADVISORY SERVICES RELATED TO
FiNANCING THE POLICE HEADQUARTERS FACILITY AND
CIVIC CENTER REMODELING CAPITAL IMPROVEMENT
PROJECTS, AND AUTHORIZING THE MAYOR TO
EXECUTE SAID AGREEMENT
WHEREAS, the Police Headquarters Facility and Civic Center Remodeling capital
improvement projects are multi-million dollar projects that will require long tenn financing; and
WHEREAS, the City has historically utilized the services of a financial advisory firm to
provide added insurance that the costs or borrowing are minimized; and
WHEREAS, on two other borrowings that were successfully concluded within the last
ninety days, the Corporation Yard project and the Redevelopment Agency Financial Plan, two
different financial advisory firms were chosen through a competitive consultant selection
process; and
WHEREAS, although both firms performed well on those assignments, due to the
complex nature of the Agency transaction, Harrell & Co. was required to obtain a much more in-
depth understanding of the City, and is therefore recommended for appointment to this
assignment without going through another formal selection process; and
WHEREAS, since two similar selection processes have been so recently completed, staff
is confident that repeating the selection process would likely result in the same conclusion and
for these reasons, staff is asking Council to waive the normal selection process as impractical.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula
Vista does hereby waive the consultant selection process as impractical, and approve the
Agreement with Harrell & Company Advisors, LLC for financial advisory services related to
financing the Police Headquarters Facility and Civic Center Remodeling capital improvement
projects, a copy of which shall be kept on file in the office of the City Clerk.
BE IT FURTHER RESOLVED that the Mayor is hereby authorized and directed to
execute said Agreement on behalf of the City of Chula Vista.
Presented by Approved as to form by
Resolution 2000-435
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
Califomia, this 5th day of December, 2000, by the following vote:
AYES: Cotmcilmembers: Davis, Padilla, Rindone, Salas, and Horton
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
Shirley Hort~, Mayor
ATTEST:
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Susan Bigelow, City Clerk~
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Susan Bigelow, City Clerk of Chula Vista, Califomia, do hereby certify that the foregoing
Resolution No. 2000-435 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 5th day of December, 2000.
Executed this 5th day of December, 2000.
Susan Bigelow, City Clerk