HomeMy WebLinkAboutReso 2018-107RESOLUTION NO. 2018-107
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA AW ARDING THE AGREEMENT BETWEEN
THE CITY OF CHULA VISTA AND WILMINGTON TRUST
CORPORATION FOR BOND TRUSTEE SERVICES FOR ALL
DEBT ISSUES AND BOND ISSUANCES, AND
AUTHORIZING AND DIRECTING THE MAYOR TO
EXECUTE SAID AGREEMENT
WHEREAS, the City requires a consultant for Bond Trustee Services; and
WHEREAS, as required by Municipal Code Section 2.56.080, a Request for Proposal
(RFP) was prepared and advertised, proposals were received and reviewed, and firms were
interviewed and ranked in accordance with selection criteria; and
WHEREAS, two firms responded to the RFP, Wilmington Trust Corporation and Wells
Fargo; and
WHEREAS, the selection committee recommends awarding the contract to Wilmington
Trust Corporation; and
WHEREAS, the proposed contract will utilize the services of Wilmington Trust
Corporation to perform Bond Trustee Services; and
WHEREAS, the proposed contract is from July 01, 2018 through June 30, 2021; and
WHEREAS, the City Manager may exercise the option to extend the contract for up to
two one-year periods.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula
Vista, that it approve the Agreement between the City of Chula Vista and Wilmington Trust
Corporation for Bond Trustee Services, with such minor modifications as may be required or
approved by the City Attorney, a copy of which shall be kept on file in the Office of the City
Clerk, and authorize and direct the Mayor to execute same.
DocuSign Envelope ID: BF3EE39B-765A-4C5D-8EDC-A8A10781CE2A
Resolution No. 2018-107
Page No. 2
Presented by Approved as to form by
David Bilby, MSBA, CPFO Glen R. Googins
Director of Finance/Treasurer City Attorney
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 19th day of June 2018 by the following vote:
AYES: Councilmembers: Diaz, McCann, and Padilla
NAYS: Councilmembers: None
ABSENT: Councilmembers: Aguilar and Salas
Mary Salas, Mayor
ATTEST:
Kerry K. Bigelow, MMC, City Clerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Kerry K. Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 2018-107 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 19th day of June 2018.
Executed this 19th day of June 2018.
Kerry K. Bigelow, MMC, City Clerk
DocuSign Envelope ID: BF3EE39B-765A-4C5D-8EDC-A8A10781CE2A