HomeMy WebLinkAboutReso 1999-19726 RESOLUTION NO. 19726
(/tGENCY RESOLUTION NO. 1659)
JOINT RESOLUTION OF THE CITY COUNCIL AND THE
REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA
APPROVING A CONCEPTUAL FINANCIAL PLAN FOR THE
REDEVELOPMENT AGENCY OF THE CITY OF CHLrLA VISTA
AND AUTHORIZING STAFF TO ASSEMBLE A FINANCIAL
TEAM AND RELATED CONTRACTS AND DOCUMENTS TO
PROCEED
WHEREAS, in September 1998, the City Council and Redevelopment Agency approved a
professional services contract with Katz Hollis to prepare an Agency Financial Plan after a
competitive Request for Proposals (RFP) process; and
WHEREAS, Katz Hollis was unable to complete the scope of work for the project and Rod
Gunn Associates (RGA), the firm finishing second in the RFP process, then agreed to complete the
scope of work under the original terms and conditions as approved by the City Council and
Redevelopment Agency; and
WHEREAS, RGA completed the scope of work and recommends the issuance of
approximately $15,990,000 in tax-exempt bonds from the Otay Valley Road, Town Centre II and
Southwest project areas for the purposes of repaying inter-fund loans, eliminating negative fund
balances, funding on-going administrative costs and funding discretionary projects; and
WHEREAS, on December 14, 1999, the City Council and Redevelopment Agency reviewed
and approved the conceptual financial plan and authorized staff to assemble the appropriate financial
team and related contracts and documents necessary to proceed.
NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Chula Vista and
the Redevelopment Agency of the City of Chula Vista does hereby approve the conceptual
Redevelopment Agency Financial Plan as prepared by RGA and authorizes staff to assemble the
appropriate financial team and related contracts and documents necessary to proceed·
Presented by Approved as to form by
Resolution 19726 --
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 14~' day of December, 1999, by the following vote:
AYES: Councilmembers: Davis, Moot, Padilia, Salas, and Horton
NAYS: Council members: None
ABSENT: Councilmembers: None
Shirley HortonfMayor
ATTEST:
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. 19726 was duly passed, approved, and adopted by the City Council at a regular
meeting of the Chula Vista City Council held on the 14a~ day of December, 1999.
Executed this 14a, day of December, 1999.
Susan Bigelow, City Clerk'~