HomeMy WebLinkAboutReso 2021-187RESOLUTION NO. 2021-187
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA APPROVING THE FIRST AMENDMENT OF
THE AGREEMENT FOR FINANCIAL FEASIBILITY STUDY
SERVICES BETWEEN THE CITY AND RSG, INC.
WHEREAS, the City of Chula Vista entered into an agreement for Financial Feasibility
Study Services on April 8, 2020 with RSG, Inc. (RSG) (the “Original Agreement”) that reached
its Term limit date of December 31, 2020; and
WHEREAS, RSG completed the majority of the original work, but has not yet participated
in the bond marketing/rating process as contemplated under the Original Agreement; and
WHEREAS, the City of Chula Vista still requires updated Financial Feasibility Study
Services for bonding purposes for the Bayfront to move forward with issuing long-term debt to
finance the construction of the proposed Resort Hotel and Convention Center (the “RHCC”)
project and related public infrastructure; and
WHEREAS, notwithstanding the Term limit date of December 31, 2020, the City of Chula
Vista and RSG have mutually agreed to an extension to the Term limit date of the Original
Agreement and to amend the same, subject to City Council approval, and also to increase the
agreement amount by $50,000, for a new total not-to-exceed amount of $100,000 with the new
Term limit date of December 31, 2022.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista,
that it hereby approves the first amendment of the agreement for Financial Feasibility Study
Services, between the City and RSG, Inc., 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.
[SIGNATURES ON THE FOLLOWING PAGE]
DocuSign Envelope ID: 25198219-FB34-4742-89F2-621913C6BE1D
Resolution No. 2021-187
Page No. 2
Presented by Approved as to form by
Tiffany Allen Glen R. Googins
Director of Development Services City Attorney
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 12th day of October 2021 by the following vote:
AYES: Councilmembers: Galvez, McCann, Padilla, and Casillas Salas
NAYS: Councilmembers: None
ABSENT: Councilmembers: Cardenas
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. 2021-187 was duly passed, approved, and adopted by the City Council at a regular
meeting of the Chula Vista City Council held on the 12th day of October 2021.
Executed this 12th day of October 2021.
Kerry K. Bigelow, MMC, City Clerk
DocuSign Envelope ID: 25198219-FB34-4742-89F2-621913C6BE1D