HomeMy WebLinkAbout1992-11-10; Housing & Redevelopment Commission; Resolution 215i
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RESOLUTION NO. 215
RESOLUTION OF THE CARLSBAD HOUSING AND
REDEVELOPMENT COMMISSION AUTHORIZING
THE ENGAGEMENT OF PROFESSIONAL SERVICES
IN CONNECTION WITH PROPOSED ISSUE OF TAX
ALLOCATION BONDS
WHEREAS, the Carlsbad Housing and Redevelopment Commissio
(the Tommission'l) has previously issued its Village Redevelopment Projec
Area Tax Allocation Bonds, Series A in the aggregate principal amount (
$12,000,000, dated as of April 1, 1988 (the "1988 Bonds"); and
WHEREAS, the Comrdssion wishes to undertake to dete4r
whether it is feasible to refund the 1988 Bonds at this time, and whether 1
raise funds for additional projects, programs and activities of tl-
Commission, to be funded from the proceeds of a new issue of tax allocatic
bonds of the Commission (the "Bonds"); and
WHEREAS, in order to make such determination it is advisable
this time to engage professional services for bond counsel, financial advisc
and fiscal consultant, and the Finance Director has received proposals fro
firms who are qualified to provide such services.
NOW, THEREFORE, BE IT RESOLVED by the Carlsbad HousiI
and Redevelopment Commission as follows; the firm of Jones Hall Hill
White, A Professional Law Corporation, is hereby engaged as bond couns
to the Commission in connection with the issuance of the Bonds, and t:
firm of Stone & Youngberg is hereby engaged as financial advisor to t:
Commission in connection with the issuance of the bonds, and the firm
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Keyser Marsten is hereby engaged as fiscal consultant to the Commission '
connection with the issuance of the Bonds. The Finance Director is here1
authorized and directed to accept the respective proposals from each of sa
firms.
PASSED, APPROVED AND ADOPTED at a regular meeting oft:
Carlsbad Housing and Redevelopment Commission on the 10th day
November, 1992, by the following vote, to wit:
AYES: Council Members Lewis, Kulchin. Larson, Stantc
NOES: None
ABSENT: None
ATTEST:
"
(SEAL)
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