HomeMy WebLinkAboutReso 1997-18787 RESOLUTION NO. 18787
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA APPOINTING STONE & YOUNGBERG AND MERRILL
LYNCH AS THE UNDERWRITING TEAM TO MARKET THE
BONDS FOR ASSESSMENT DISTRICT 97-2
WHEREAS, on August 12, 1997, the Council directed the Finance Director to conduct
a competitive process to select an Underwriter(s) to assist in structuring the transaction and
to market the bonds for Assessment District 97-2; and
WHEREAS, a Request for Proposals was sent to thirteen firms, with seven responses
received; and
WHEREAS, the proposals were reviewed by the Director of Finance and the District's
Financial Advisor, Kadie-Jensen, Johnson & Bodnar; and
WHEREAS, both reviewers ranked the team of Stone & Youngberg and Merrill Lynch
as the best qualified to economically and efficiently structure and market the bonds.
NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Chula Vista does
hereby appoint Stone & Youngberg and Merrill Lynch as the underwriting team to market the
bonds for Assessment District 97-2.
Presented by Approved as to form by
~A. Powell
Finance Director
Resolution 18787
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 7th day of October, 1997, by the following vote:
AYES: Councilmembers: Moot, Padilia, Rindone, Salas, and Horton
NAYES: Councilmembers: None
ABSENT: Councilmembers: None
ABSTAIN: Councilmembers: None
Shirley Hort~/~, Mayor
ATTEST:
~Auth42eiet, City
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Beverly A. Authelet, City Clerk of the City of Chula Vista, California, do hereby certify that
the foregoing Resolution No. 18787 was duly passed, approved, and adopted by the City
Council at a regular meeting of the Chula Vista City Council held on the 7th day of October,
1997.
Executed this 7th day of October, 1997
~uthelet, City Clerk