HomeMy WebLinkAboutReso 2020-169RESOLUTION NO. 2020-169
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA APPROVING AN AGREEMENT WITH NHA
ADVISORS, LLC FOR FINANCIAL ADVISORY SERVICES
WHEREAS, the City requires Financial Advisory services to be performed in
connection with the potential issuance of Pension Obligation Bonds; and
WHEREAS, in order to procure these services, the City solicited proposals in
accordance with Chula Vista Municipal Code Section 2.56.110; and
WHEREAS, the City received seven (7) proposals from firms interested in providing
Financial Advisory Services; and
WHEREAS, the City’s firm selection committee completed its review of the
proposals and conducted interviews on the top four (4) firms and determined NHA Advisors,
LLC as the firm to provide financial advisory services in connection with the potential
issuance of Pension Obligation Bonds; and
WHEREAS, the City may procure work on up to several land-based and non-land-
based projects of varying size and complexity throughout the duration of the financial
advisory agreement; and
WHEREAS, the Consultant is registered as a Municipal Advisor with both the
United States Securities Exchange Commission and the Municipal Securities Rulemaking
Board; and
WHEREAS, Consultant warrants and represents that it is experienced and staffed in
a manner such that it can deliver the services required of Consultant to City in accordance
with the time frames and the terms and conditions of this Agreement.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula
Vista that it approves the agreement between the City of Chula Vista and NHA Advisors,
LLC to provide Financial Advisory services, in the form presented, 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 authorizes and directs the Mayor to execute
same.
DocuSign Envelope ID: 6258DF95-8BEB-433D-928F-8845C3F13184
Resolution No. 2020-169
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 28th day of July 2020 by the following vote:
AYES: Councilmembers: Diaz, Galvez, McCann, Padilla, and Casillas Salas
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
Mary Casillas 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. 2020-169 was duly passed, approved, and adopted by the City Council at a regular
meeting of the Chula Vista City Council held on the 28th day of July 2020.
Executed this 28th day of July 2020.
Kerry K. Bigelow, MMC, City Clerk
DocuSign Envelope ID: 6258DF95-8BEB-433D-928F-8845C3F13184