HomeMy WebLinkAbout1987-05-19; City Council; Resolution 90831
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RESOLUTION NO. 9083
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF CARLSBAD, CALIFORNIA, APPOINTING
RAUCHER, PIERCE REFSNES, INC. TO ACT AS
THE C1TY"S UNDERWRITER AND/OR FINANCIAL
ADVISOR ON THE HOSP GROVE BOND ISSUES.
WHEREAS, the City of Carlsbad intends to issue both short
and long term debt in the process of acquiring Hosp Grove, and
WHEREAS, the City requires the services of an underwriter
for the issue of Bond Anticipation Notes, and
WHEREAS, the City requires either the services of an
underwriter or financial advisor if the City issues Certificates
of Participation or General Obligation bonds respectively, and
WHEREAS, the City intends to issue any Bond Anticipation
Notes and Certificates of Participation as a negotiated sale with
the selected underwriter, and intends to issue any General Obli-
gation bonds approved by the voters for this acquisition at public
sale conducted by the City and its financial advisor, and
WHEREAS, the City has selected Raucher, Pierce, Refsnes, Inc
to act as the City's underwriter and/or financial advisor in the
above transactions,
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Carlsbad as follows:
1. That Raucher, Pierce, Refsnes, Inc. shall act as under-
writer and/or financial advisor! as necessary, in the above
transactions.
2. That the fees and compensation for said services shall
be as described in the attached proposals which are incorporated
herein by reference.
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3. That the City Council reserves the right to remove
Raucher, Pierce, Refsnes, Inc. from this project subject only to
compensation for expenses through the date of removal.
4. That the City Manager is authorized to execute any
agreement necessary to confim this appointment subject to the
above terms.
PASSED, APPROVED AND ADOPTED at a regular meeting of the City
Council of the City of Carlsbad held the 19th day of May I
1987, by the following vote, to wit:
AYES: Council Members Lewis, Kulchin, Pettine, Mamaux and Larson
NOES: None
ABSENT: None
ATTEST :
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