HomeMy WebLinkAboutReso 2001-130 RESOLUTION NO. 2001-130
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA WAIVING THE CONSULTANT SELECTION
PROCESS AND RETAINING THE FIRM OF MEYERS REAL
ESTATE INFORMATION, INC. AS MARKET ABSORPTION
CONSULTANT FOR THE FORMATION OF AN
INFRASTRUCTURE FINANCING COMMUNITY FACILITIES
DISTRICT FOR THE SAN MIGUEL RANCH PROJECT AND
THE OTAY RANCH VILLAGE 6 PROJECT BY ENTERING
INTO AN AGREEMENT AND AUTHORIZING THE MAYOR
TO EXECUTE SAID AGREEMENT
WHEREAS, the City of Chula Vista (the "City") has previously formed nine assessment
districts and three community facilities districts for the purpose of providing long term financing
of infrastructure improvements to serve the properties within such districts; and
WHEREAS, due to the inherent complexity of such land secured financings, the City has
historically utilized the same team of consultants to assist the City in structuring such financings
and undertaking the due diligence required for such financings; and
WHEREAS, Meyers Real Estate Information, Bruce W. Hull & Associates, and McGill
Martin Self, have participated as market absorption consultant, appraiser and special tax
consultant, respectively for land-secured infrastructure financing transactions in the Otay Ranch
territory and Sunbow II; and
WHEREAS, it is recommended that the City enter into new agreements with each firm
for the San Miguel Ranch Community Facilities District (CFD) and the Otay Ranch Village 6
CFD; and
WHEREAS, this agreement will provide that the City Manager may amend said
agreements, with approval as to form from the City Attorney, to include CFD work for other
projects, in substantial conformance with the terms of the original agreements, within a three (3)
year period following the date of this Resolution; and
WHEREAS, staff recommends that the City's consultant selection process be waived in
the interest of providing a team that has demonstrated an ability to work together efficiently on
past projects, that possesses extensive knowledge and experience in their respective fields, that
has mastered a unique understanding of the development issues in the City of Chula Vista and
that has proven its credibility with the bond market by providing support to successful bond
offerings for existing projects; and
WHEREAS, the total fees paid over the past twelve months to Meyers Real Estate
Information, Inc. is $13,200.
NOW, THEREFORE, the City Cotmcil of the City of Chula Vista, California, does
hereby waive the consultant selection process for the reasons set forth above and retain the firm
of Meyers Real Estate Information, Inc. as market absorption consultant for the formation of a
infrastructure financing CFD for the San Miguel Ranch Project and the Otay Ranch Village
Project by entering into an agreement and authorizing the Mayor to execute said agreement.
Resolution 2001 - 130
Page 2
Prepared by Approved as to form by
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 8th day of May, 2001, by the following vote:
AYES: Councilmembers: Davis, Padilla, Rindone, Salas and Horton
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
ATTEST: Shirley Hortp~n, Mayor
Susan Bigelow, City Clerk
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. 2001-130 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Cotmcil held on the 8th day of May, 2001.
Executed this 8th day of May, 2001.
Susan Bigelow, City Cle'r~