HomeMy WebLinkAboutRDA Reso 1999-1659 RESOLUTION NO. 1659
(COUNCIL RESOLUTION NO. 197 !6)
JOINT RESOLUTION OF THE CITY ( :)UNCIL AND THE
REDEVELOPMENT AGENCY OF THE CIT OF CHULA VISTA
APPROVING A CONCEPTUAL FINANCIA PLAN FOR THE
REDEVELOPMENT AGENCY OF THE CITY O: CHULA VISTA AND
AUTHORIZING STAFF TO ASSEMBLE A FI ,IANCIAL TEAM AND
RELATED CONTRACTS AND DOCUMENTS TO PROCEED
WHEREAS, in September 1998, the City Council anc~ 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 s,;ope of work for the project and Rod
Gunn Associates (RGA), the firm finishing second in the RFP 3rocess, 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 Ot ~y Valley Road, Town Centre II and
Southwest project areas for the purposes of repaying inter-f And loans, eliminating negative fund
balances, funding on-going administrative costs and funding di ;cretionary projects; and
WHEREAS, on December 14, 1999 the City Council ~ nd Redevelopment Agency reviewed
and approved the conceptual financial plan and authorize, I staff to assemble the appropriate
financial team and related contracts and documents necessary to proceed.
NOW, THEREFORE, BE IT RESOLVED the City Coul ~cil 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 document necessary to proceed.
Presented by Approvec as to form by
Director of Community Development Cit'{~ and Ag~,~s'e~
Resolution No. 1659
Page 2
PASSED, APPROVED and ADOPTED BY THE REDEVELOPMENT AGENCY OF THE CITY OF
CHULA VISTA, CALIFORNIA this 14th day of December, 1999 by the following vote:
AYES: Members Davis, Moot, Padilla, Salas and Chair/Mayor Horton
NOES: None
ABSENT: None
ABSTENTIONS: None
Shirley Hor~n
Chairman --
ATTEST:
Chris Salomone
Executive Secretary
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO ) ss:
CITY OF CHULA VISTA )
I, Chris. Salomone, Executive Secretary to the Redevelopment Agency of the City of Chula Vista,
California DO HEREBY CERTIFY that the foregoing is a full, true and correct copy of Resolution No.
1659 and that the same has not been amended or repealed.
Dated: December 15, 1999 ~ ~
Chris Salomone
Executive Secretary