HomeMy WebLinkAboutReso 2023-142
RESOLUTION NO. 2023-142
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA APPROVING A CONSULTANT SERVICES
AGREEMENT TO PROVIDE FINANCIAL ADVISORY
SERVICES BETWEEN THE CITY AND HARRELL &
COMPANY ADVISORS, LLC
WHEREAS, the Chula Vista Municipal Financing Authority Special Tax Revenue
Refunding Bonds, Series 2013, were issued to finance the purchase of five series of special tax
refunding bonds, each issued by a community facilities district of the City, and are now considered
to be candidates for a refunding; and
WHEREAS, the City requires financial advisory services to be
performed in connection with refunding of the Chula Vista Municipal Financing Authority Special
Tax Revenue Refunding Bonds, Series 2013; and
WHEREAS, in accordance with Chula Vista Municipal Code Section
2.56.110(A)(1), staff has determined that Harrell & Company Advisors, LLC has the demonstrated
competence and qualifications for the services required, including that they are registered as a
Municipal Advisor with both the United States Securities and Exchange Commission and the
Municipal Securities Rulemaking Board, and has determined that their fees are fair and reasonable; and
WHEREAS, the Purchasing Agent has determined that pursuant to CVMC Section
2.56.110(H)(2 impractical and that s
would be materially better served by applying a different purchasing procedure; and
WHEREAS, staff recommends that the City enter into an agreement with Harrell &
Company Advisors, LLC to provide financial advisory services for the refunding of the Chula
Vista Municipal Financing Authority Special Tax Revenue Refunding Bonds, Series 2013.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista,
that it approves the Consultant Services Agreement for Financial Advisory Services, between the
City and Harrell & Company Advisors, LLC, 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.
\[SIGNATURES ON THE FOLLOWING PAGE\]
Resolution No. 2023-142
Page No. 2
Presented by Approved as to form by
Sarah Schoen Jill D.S. Maland
Director of Finance/Treasurer Lounsbery Ferguson Altona & Peak
Acting City Attorney
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 19th day of September 2023 by the following vote:
AYES: Councilmembers: Cardenas, Chavez, Gonzalez, and Preciado
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
ABSTAIN: Councilmembers: McCann
John McCann, 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. 2023-142 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 September 2023.
Executed this 19th day of September 2023.
Kerry K. Bigelow, MMC, City Clerk