HomeMy WebLinkAboutReso 1999-19528 RESOLUTION NO. 19528
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA WAIVING THE CONSULTANT SELECTION PROCESS AS
IMPRACTICAL AND APPROVING AGREEMENTS WITH BRUCE
W. HULL & ASSOCIATES TO PROVIDE APPRAISAL SERVICES
AND WITH THE MEYERS GROUP TO PREPARE A MARKET
ABSORPTION STUDY ASSOCIATED WITH COMMUNITY
FACILITIES DISTRICT NO. 99-1 (OTAY RANCH SPA ONE -
PORTIONS OF VILLAGES ONE & FIVE AND VILLAGE ONE
WEST) AND AUTHORIZING THE MAYOR TO EXECUTE SAID
AGREEMENTS
WHEREAS, on January 19, 1999, Council approved an agreement with McGill Martin
Self, Inc. for Project Management, Financing, and Plan Review services for Olympic Parkway
which agreement included providing Special Tax Consultant services for the proposed
Community Facilities District 99-1; and
WHEREAS, on March 16, 1999, Council approved agreements with Brown, Diven,
Hessel & Brewer (Bond Counsel), Stone & Youngberg LLC (Underwriters), and Fieldman,
Rolapp, & Associates (Financial Advisor) to provide services related to infrastructure financing
within the Otay Ranch; and
WHEREAS, it is now necessary to retain the appraiser (proposed fee of $50,000) and
authorize an additional $10,000 worth of services to be approved by the Purchasing Agent,
should that need be determined by the City Engineer and given the tight project schedule, staff
believes it is prudent to have this reserve; and
WHEREAS, it is also necessary to retain the market absorption specialist (proposed fee
of $17,000) in order to complete the financing team required to form CFD 99-1; and
WHEREAS, Bruce W. Hull & Associates is already working on the formation of CFD No.
97-3 within the Otay Ranch McMillin project and The Meyers Group has prepared the market
absorption studies for CFD 97-3 and AD 97-2 within the Otay Ranch SPA One; and
WHEREAS, the standard consultant selection process is impractical due to the time
constraints of the project because the bond issuance for the CFD is projected to occur in
September of 1999 requiring both consultants to complete their work in August, 1999; and
WHEREAS, the consultant selection process would consume time that would be used
in analyzing the issues of the proposed Community Facilities District resulting in the City's
interests being materially better served; and
WHEREAS, the fees proposed by the consultants are comparable to those charged for
existing financing districts and will have no direct impact on the General Fund or the City, but
will be funded by the developer and/or property owners in proportion to the relative benefits
received from the improvements being financed.
Resolution 19528
Page 2
NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Chula Vista does
hereby waive the consultant selection process as impractical and approves the agreements
with Bruce W. Hull & Associates to provide Appraisal Services and with The Meyers Group
to prepare a Market Absorption Study associated with Community Facilities District No. 99-1
(Otay Ranch SPA ONE - Portions of Villages One & Five and Village One West), copies 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 Agreements for and on behalf of the City of Chula
Vista.
Presented by Approved as to form by
=1 il
Resolution 19528
Page 3
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 13th day of July, 1999, by the following vote:
AYES: Councilmembers: Davis, Moot, Salas and Horton
NAYS: Councilmembers: None
ABSENT: Councilmembers: Padilia
ABSTAIN: Councilmembers: None
ATTEST:
Susan Bigelow, City Cler~ ~n ,---,
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. 19528 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 13'h day of July, 1999.
Executed this 13th day of July, 1999.
Susan Bigelow, City Clerk