HomeMy WebLinkAboutReso 2000-471 RESOLUTION NO. 2000-471
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA AWARDING A THREE-YEAR AGREEMENT
FOR ASSESSMENT DISTRICT DELINQUENCY
MONITORING TO MUNIFINANCIAL, INC. AND
AUTHORIZING THE MAYOR TO EXECUTE SAID
AGREEMENT
WHEREAS, in accordance with Chula Vista Municipal Code 2.56.230, a Request for
Proposals (REP) was prepared by staff and sent to 10 rims; and
WHEREAS, two firms responded to the RFP, MuniFinancial and NBS Government
Finance Group; and
WHEREAS, the selection committee felt MuniFinancial was the better choice for the
new contract based on the interview criteria and because they were stronger in the following
areas: project team and area knowledge, current experience handling the present contract and
quality of work performed under the existing contract; and
WHEREAS, the proposed agreement will retain the services of MuniFinancial, Inc. to
perform delinquency monitoring services on existing City Assessment Districts and coordinate
the collection of all delinquent installment payments on these Districts, as requested by the City,
for the time period January 1, 2001 to December 31, 2003; and
WHEREAS, this action will ensure that the City's fiduciary responsibility to the
bondholders is fulfilled by providing these required services; and
WHEREAS, all costs associated with collection of delinquent assessments are recovered
from the delinquent property owners at no expense.
NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Chula Vista
does hereby award a three-year agreement for Assessment District delinquency monitoring to
MuniFinancial, Inc., 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 to execute said Agreement on behalf of the City of Chula Vista.
Presented by Approved as to form by
Resolution 2000-471
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 19th day of December, 2000, by the following vote:
AYES: Councilmembers: Davis, Padilla, Rindone, and Salas
NAYS: Councilmembers: None
ABSENT: Councilmembers: Horton
~ty%~yor
ATTEST:
Susan Bigelow, City Cle~
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. 2000-471 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 19th day of December, 2000.
Executed this ] 9th day of December, 2000.