HomeMy WebLinkAboutReso 2002-356 RESOLUTION NO. 2002-356
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA WAIVING THE CONSULTANT SELECTION
PROCESS, APPROVING THE THIRD AMENDMENT TO THE
AGREEMENT WITH McGILL MARTIN SELF, INC.,
APPROVED BY COUNCIL RESOLUTION 2001-132, FOR
PROVIDING PROJECT MANAGEMENT, SPECIAL TAX
CONSULTANT SERVICES AND AUDITING SERVICES FOR
THE FORMATION OF COMMUNITY FACILITIES DISTRICT
NO. 08-I (OTAY PROJECT, L.P. - VILLAGE 6), AND
AUTHORIZING THE MAYOR TO EXECUTE SAID
AGREEMENT
WHEREAS, on August 27, 2002, the City Council accepted the report on Otay Project's
application to begin the formation of Community Facilities District (CFD) No. 08-I; approved a
reimbursement agreement with the developer for consultant fees and City staff costs and adopted
the resolution approving the initiation of proceedings leading to the formation of CFD 08-I; and
WHEREAS, given their experience and knowledge of the project area, ~sfaff believes that
McGill Martin Self, Inc. (MMS) is in a better position to provide the most accurate bond-sizing
and special tax rate combination work that is carefully calibrated to cover the necessary project
financing costs while not over-burdening the ratepayer and jeopardizing the long term viability
of the bonds in the marketplace; and
WHEREAS, MMS will participate in the preparation of the acquisition/financing
agreement and coordinate with the City, property owners, financial consultant team members,
private engineers, and other stakeholders involved in the district formation; and
WHE~ REAS, all of these functions and processes have aspects that are unique to the City
of Chula Vista and its practices and policies and MMS has progressed along the learning curve
of these processes to the point where it may be counterproductive to train a new Special Tax
Consultant for this role; and
WHEREAS, staff recommends that the City's selection process be waived in the interest
of providing a consultant:
That has demonstrated an ability to work together with City staff and other consultants 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,
That has proven its credibility with the bond market by providing support to successful
bond offerings for existing projects.
NOW, THEREFORE, the City Council of the City of Chula Vista, California, does
hereby waive the consultant selection process for the reasons set forth above and approve the
third amendment to the agreement with McGill Martin Self, Inc. approved by Council Resolution
No. 2001-132 for providing project management, special tax consultant services and auditing
services for the formation of Community Facilities District No. 08-I (Otay Project, L.P. - Village
6), a copy of which shall be kept on file in the office of the City Clerk.
Resolution 2002-356
Page 2
BE IT FURTHER RESOLVED that the Mayor of the City of Chula Vista is hereby
authorized to execute said agreement.
Prepared by Approved as to form by
John P. Lippitt John M. Kaheny ~
Public Works Director City Attorney
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 10th day of September, 2002, by the following vote:
AYES: Councilmembers: Davis, Padilla, Rindone, Salas and Horton
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
Shiiley Horton/qv~yor
Al'rEST: c,
Susan Bigelo~,, City Clerk
STATE OF C~IFO~ )
CO~ OF S~ D~GO )
CI~ OF C~ ~STA )
I, Sus~ Bigelow, City Clerk of Chula Vista, C~ifomia, do hereby ~aify that ~e foregoing
Resolution No. 2~2-356 was duly passed, approved, ~d adopted by ~e City Council at a
reg~ar meeting of ~e Chula Vista City Council held on ~e 10th day of September, 2002.
Exerted this 10~ day of September, 2~2.
Sus~ Bigelow, ~ity' Clerk ~