HomeMy WebLinkAbout1997-11-18; City Council; Resolution 97-686-
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RESOLUTION NO.: 97- 686
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF CARLSBAD, CALIFORNIA, SELECTING
STONE & YOUNGBERG AS THE UNDERWRITER
AND JONES HALL AS THE DISCLOSURE COUNSEL
FOR BONDS TO BE ISSUED FOR ASSESSMENT
DISTRICT NO. 96-1 (CARRILLO RANCH)
WHEREAS, the City Council of the City of Carlsbad at their
meeting of April 6, 1993, approved proceeding with the formation of a
financing program to fund the construction of certain public improvements
within the Carrillo Ranch property;
WHEREAS, on November 19, 1996, Council approved
the Petition for Special Assessment Proceedings and an Agreement for
the acquisition, construction and financing of certain public improvements
for the Rancho Carrillo assessment district;
WHEREAS, under separate actions at various times,
Council has approved the following consultants to work on this financing:
Bond Counsel Brown, Diven and Hentschke
Assessment Engineer Berryman and Henniger
Financial advisor Kadie, Jensen and Bodnar
WHEREAS, staff is recommending that Stone and
Youngberg (SStY) be selected as the underwriter and Jones Hall be
selected as the disclosure counsel for the proposed bond issue for the
acquisition of the facilities to be financed by the Rancho Carrillo
assessment district;
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WHEREAS, the proposals submitted by Stone and Youngberg to provide undem
services and Jones Hall to provide the disclosure counsel services have been reviewed E
City’s financial advisor and found to be reasonable;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Car
California, as follows:
1. That the above recitations are true and correct.
2. That the proposals by Stone and Youngberg (S&Y) for underwriting servicc
the proposal fiom Jones Hall for disclosure counsel services are accepted.
PASSED, APPROVED AND ADOPTED at a regular meeting of the Carlsbac
Council held on the I8th day of November , 1997 by the following vote, to wit:
AYES: Council Members Lewis, Finnila, Nygaard, Kulchin, and Hall
NOES: None
ABSENT: None
ATTEST:
n
ALETHA L. (SEAL)