HomeMy WebLinkAboutRDA Reso 2007-1967
RDA RESOLUTION NO. 2007-1967
RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF CHULA VISTA WAIVING THE FORMAL
CONSULTANT SELECTION PROCESS AND APPROVING
THE FIRST AMENDMENT TO THE AGREEMENT WITH
HARRELL & COMPANY ADVISORS, LLC. FOR FINANCIAL
CONSULTING SERVICES, AUTHORIZING THE CHAIR TO
EXECUTE THE FIRST AMENDMENT, AND
APPROPRIATING THE NECESSARY FUNDS
WHEREAS, the Redevelopment Agency of the City of Chula Vista (Agency) and Harrell
& Company Advisors, LLC (Harrell) entered into an Agreement dated January 10, 2006 for
financial consulting services related to the development of tax increment projections and cash
flow plans that address the funding of economic development projects of the Agency and the
City ofChula Vista (City); and
WHEREAS, the Agency and the City are in negotiations with Gaylord Entertainment
Corporation (Gaylord) for the proposed development of a hotel and convention center in the
Bayfront Redevelopment Project Area; and
WHEREAS, staff recommends that Harrell develop tax increment projections and cash
flow analysis that address the funding of the proposed Gaylord development; and
WHEREAS, staff is proposing the approval of the First Amendment to the Original
Agreement expanding Harrell's scope of work and increasing the compensation to Harrell an
additional $5,000; and
WHEREAS, staff recommends the Agency waive the formal consultant selection process
outlined in Municipal Code section 2.56.110 because Harrell's proposed scope of work for this
First Amendment is a natural extension of its on-going work for the Agency and the City,
making it impractical to solicit proposals.
NOW THEREFORE, BE IT RESOLVED by the Redevelopment Agency of the City of
Chula Vista that it waives the formal consultant selection process outlined in Municipal Code
section 2.56.110.
BE IT FURTHER RESOLVED by the Redevelopment Agency of the City ofChula Vista
that it approves the First Amendment to the Agreement between the Redevelopment Agency of
the City of Chula Vista and Harrell & Company Advisors, LLC. and authorizes the Chair to
execute the First Amendment.
BE IT FURTHER RESOLVED by the Redevelopment Agency of the City of Chula Vista
that it appropriates $25,000 to the services and supplies category of the Bayfront/Town Centre I
Fund from the available balance of that Fund.
RDA Resolution No. 2007-1967
Page 2
Presented by
Approved as to form by
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M a Kachadoorian
Agency Treasurer
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Ann Moore
General Counsel
PASSED, APPROVED, and ADOPTED by the Redevelopment Agency of the City of
Chula Vista, California, this 8th day of March 2007, by the following vote:
A YES: Agency Members: McCann, Ramirez, Rindone, and Cox
NAYS: Agency Members: None
ABSENT: Agency Members: None
ABSTAIN: Agency Member: Castaneda
Cheryl ~~son
ATTEST:
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Dana M. Smith, Sec tary
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Dana M. Smith, Secretary of the Chula Vista Redevelopment Agency, do hereby certify that
the foregoing RDA Resolution No. 1967 was duly passed, approved, and adopted by the
Redevelopment Agency at a regular meeting held on the 8th day of March 2007.
Executed this 8th day of March 2007.
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Dana M. Smith, Secretary