HomeMy WebLinkAboutReso 2005-150
RESOLUTION NO. 2005-150
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA EXTENDING THE AGREEMENT FOR
ASSESSMENT DISTRICT AND COMMUNITY FACILITIES
DISTRICT JUDICIAL FORECLOSURE SERVICES TO
STRADLING YOCCA CARLSON & RAUTH, AND
AUTHORIZING THE MAYOR TO EXECUTE SAID
AGREEMENT
WHEREAS, the City requires a consultant for the perfonnance of Assessment District
and Community Facilities District judicial foreclosure services; and
WHEREAS, the proposed action will retain the services of Stradling Yocca Carlson &
Rauth to perfonn judicial foreclosure services on City Assessment Districts and Community
Facilities Districts and coordinate the collection of all delinquent installment payments on these
districts, as requested by the City; and
WHEREAS, this action will ensure that the City's fiduciary responsibility to the
bondholders is fulfilled by providing these required services and all costs associated with judicial
foreclosure services and the collection of delinquent assessments are recovered from the
delinquent property owners at no expense to the City.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula
Vista hereby approves the extension, until December 31, 2005, of the agreement dated February
6, 2001, with Stradling Y occa Carlson & Rauth for Assessment District and Community
Facilities District Judicial Foreclosure Services.
BE IT FURTHER RESOLVED that the Mayor of the City of Chula Vista is hereby
authorized and directed to execute said agreement on behalf of the City.
Presented by
Approved as to fonn by
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Sohaib Al-Agha
City Engineer
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Ann Moore
City Attorney
Resolution 2005-150
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this lOth day of May, 2005, by the following vote:
AYES:
Councilmembers:
Castaneda, McCann, Rindone and Padilla
NAYS:
Councilmembers:
None
ABSENT:
Councilmembers:
Davis
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ATTEST:
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Susan Bigelow, MMC, City Cler
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Susan Bigelow, City Clerk of Chula Vista, California, do hereby certifY that the foregoing
Resolution No. 2005-150 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 10th day of May, 2005.
Executed this 10th day of May, 2005.
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Susan Bigelow, MMC, City Cle