HomeMy WebLinkAboutReso 2020-170RESOLUTION NO. 2020-170
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA APPROVING AN AGREEMENT WITH
HARRELL & COMPANY ADVISORS, LLC FOR FINANCIAL
ADVISORY SERVICES
WHEREAS, the City requires Financial Advisory services to be performed in connection
with the potential issuance of Community Facilities District Bonds CFD 16-I (Millenia); 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 Harrell & Company Advisors, LLC
as the firm to provide financial advisory services in connection with the potential issuance of
Community Facilities District Bonds CFD 16-I (Millenia); 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 Harrell & Company 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. 2020-2020-170
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. 2020-170 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