HomeMy WebLinkAboutReso 2025-081 RESOLUTION NO. 2025-081
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA APPROVING CONSULTANT SERVICES
AGREEMENT BETWEEN THE CITY AND HARRELL &
COMPANY ADVISORS, LLC TO PROVIDE MUNICIPAL
ADVISORY SERVICES
WHEREAS, the Chula Vista Municipal Financing Authority Special Tax Revenue
Refunding Bonds, Series 2015A, were issued to finance the purchase of four series of special tax
refunding bonds, each issued by a community facilities district (“CFD”) of the City; and
WHEREAS, the Chula Vista Municipal Financing Authority Special Tax Revenue
Refunding Bonds, Series 2015B, were issued to finance the purchase of one reassessment district
and four series of special tax refunding bonds; and
WHEREAS, all four series of special tax refunding bonds financed under Series 2015A,
and two series of special tax refunding bonds financed under Series 2015B are now considered
good candidates for a refunding; and
WHEREAS, the City requires municipal advisory services to be performed in connection
with refunding of the Chula Vista Municipal Financing Authority Special Tax Revenue Refunding
Bonds, Series 2015A; and the partial refunding of the Chula Vista Municipal Financing Authority
Special Tax Revenue Refunding Bonds, Series 2015B; and
WHEREAS, in accordance with Municipal Code Section 2.56.110(A)(1), staff has
determined that Consultant has the demonstrated competence and qualifications for the services
required, including that the Consultant is registered as a Municipal Advisor with both the United
States Securities and Exchange Commission and the Municipal Securities Rulemaking Board, and
that Consultant’s fees are fair and reasonable; and
WHEREAS, the Purchasing Agent has determined that pursuant to Municipal Code
Section 2.56.110(H)(2), the City’s selection process would be impractical, and that the City’s
interest would be materially better served by applying a different purchasing procedure; 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 Consultant Services Agreement, 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.
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Resolution No. 2025-081
Page No. 2
Presented by Approved as to form by
Sarah Schoen Marco A. Verdugo
Director of Finance/Treasurer City Attorney
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 3rd day of June 2025 by the following vote:
AYES: Councilmembers: Chavez, Fernandez, Inzunza, Preciado, and McCann
NAYS: Councilmembers: None
ABSENT: Councilmembers: None
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. 2025-081 was duly passed, approved, and adopted by the City Council at a regular
meeting of the Chula Vista City Council held on the 3rd day of June 2025.
Executed this 3rd day of June 2025.
Kerry K. Bigelow, MMC, City Clerk
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