HomeMy WebLinkAboutReso 2007-228
RESOLUTION NO. 2007-228
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA APPROVING THE SECOND AMENDMENT
TO AN AGREEMENT BETWEEN THE CITY OF CHULA
VISTA AND NBS GOVERNMENT FINANCE GROUP, DBA
NBS, FOR SPECIAL TAX CONSULTANT SERVICES FOR
THE FORMATION OF AN INFRASTRUCTURE FINANCING
COMMUNITY FACILITIES DISTRICT WITHIN OT A Y
RANCH VILLAGE TWO PURSUANT TO THE MELLO-ROOS
COMMUNITY FACILITIES ACT OF 1982, AND
AUTHORIZING THE MAYOR TO EXECUTE THE
AMENDMENT
WHEREAS, the City of Chula Vista and NBS Government Finance Group, dba NBS
(NBS) entered into an Agreement dated May 10,2005 where NBS agreed to assist the City with
various tasks related to Assessment Districts, Mello-Roos Community Facilities Districts, and
Open Space Districts; and
WHEREAS, on May 22, 2007, pursuant to Resolution No. 2007-124, the City Council
approved a First Amendment to the Agreement where NBS agreed to provide Proposition 218
Compliance services for certain Open Space Districts; and
WHEREAS, the City is in urgent need for a special tax consultant to complete the
formation of an Infrastructure Financing Community Facilities District within Otay Ranch
Village Two; and
WHEREAS, staff recommends that the City waive the formal consultant selection
process because NBS has demonstrated an ability to work efficiently with the City on past
projects, possesses extensive knowledge and experience in the Community Facilities District
field, has a unique understanding of the development issues in the City of Chula Vista and has
proven its credibility with the bond market by providing support to successful bond offerings,
making it impractical to solicit proposals; and
WHEREAS, NBS can perform all aspects of the Infrastructure Financing Community
Facilities District formation process.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City ofChula Vista
that it approves a Second Amendment to the Agreement between the City of Chula Vista and
NBS Government Finance Group, dba NBS for special tax consultant services for the formation
of an Infrastructure Financing Community Facilities District within Otay Ranch Village Two and
authorizes the Mayor to execute the Second Amendment.
Presented by
Approved as to form
~~~~
Moore
City Attorney
Resolution No. 2007-228
Page 2
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this II th day of September 2007 by the following vote:
AYES:
Councilmembers:
Castaneda, McCann, and Cox
NAYS:
Councilmembers:
None
ABSENT:
Councilmembers:
Ramirez, Rindone
Ch"YIC~
ATTEST:
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Susan Bigelow, MMC, City lerk
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. 2007-228 was duly passed, approved, and adopted by the City Council at a
regular meeting of the Chula Vista City Council held on the 11th day of September 2007.
Executed this II th day of September 2007.
-,.- ~:..o~~
Susan Bigelow, MMC, City Cle