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RDA RESOLUTION NO. 2008-1990
(City Council Resolution No. 2008-059)
JOINT RESOLUTION OF THE CITY COUNCIL AND THE
REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA
ESTABLISHING A POOL OF INVESTMENT BANKING AND
UNDERWRITING FIRMS FOR THE CHULA VISTA MERGED
BA YFRONT/TOWN CENTRE I REDEVELOPMENT PROJECT
AREA
WHEREAS, the Chula Vista Bayfront Master Plan (CVBMP) encompasses approximately
550 acres in the Merged Bayfront/Town Centre I Redevelopment Project Area; and
WHEREAS, staff anticipates that new development and redevelopment projects in the
CVBMP will require between $178 million and $510 million in capital and infrastructure
requirements; and
WHEREAS, staff proposes to establish a pool of investment banking and underwriting firms
to assist the City's financing team; and
WHEREAS, staff conducted a formal Request for Proposal process and ten proposals from
national and regional municipal investment banking and underwriting firms were received; and
WHEREAS, the selection panel recommends the following firms, listed in alphabetical order,
to comprise the pool of investment banking and underwriting firms: Bank of America, Citigroup,
De La Rosa & Co., Goldman Sachs & Co., JP Morgan, Stone & Youngberg, and UBS; and
WHEREAS, on September 27, 2007, the Chula Vista Redevelopment Corporation adopted
a resolution recommending that the City Council and the Redevelopment Agency establish a pool of
these seven investment banking and underwriting firms.
NOW, THEREFORE, BE IT RESOLVED that by the City Council of the City ofChula Vista
and the Redevelopment Agency of the City of Chula Vista that it establishes a pool of investment
banking and underwriting firms for the Chula Vista Merged Bayfront/Town Centre I Redevelopment
Project Area.
Presented by
Approved as to form by
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: JhL- r \I'J.), \(! ~; \ ill "- .-
Maria Kachadoorian .
Finance Director
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Ann Moore
Agency Counsel
RDA Resolution No. 2008-1990
City Council Resolution No. 2008-059
Page 2
PASSED, APPROVED, and ADOPTED by the Redevelopment Agency and the City Council
ofthe City ofChula Vista, California, this 12th day of February 2008, by the following vote:
A YES: Agency/Councilmembers: McCann, Ramirez, Rindone, and Cox
NAYS: Agency/Councilmembers: None
ABSENT: Agency/Councilmembers: None
ABSTAIN: Agency/Councilmembers: Castaneda
ATTEST:
~~/4
Eric Crockett, Secretary
STATE OF CALIFORNIA
COUNTY OF SAN DIEGO
CITY OF CHULA VISTA
)
)
)
I, Eric Crockett, Secretary of the Redevelopment Agency ofthe City ofChula Vista, California, do
hereby certifY that the foregoing Redevelopment Agency Resolution No. 2008-1 990lCity Council
Resolution No. 2008-059 was duly passed, approved, and adopted by the Redevelopment Agency
and Chula Vista City Council at a Special meeting held on the 12th day of February 2008.
Executed this 12th day of February 2008.
~
,
Eric Crockett, Secretary