HomeMy WebLinkAbout1994-09-06; Housing & Redevelopment Commission; Resolution 2555
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0 0 EXHIB
RESOLUTION NO. 255' .
RESOLUTION OF TEE CAlYLSBAD MOUSING AND
REDEVELOPMENT COMMISSION APPOINTING
MEMBERS OF THE FINANCING TEAM FOR THE
MULTIFAMILY HOUSING REVENUE REFUNDING
BONDS, SEASCAPE VILLAGE PROJECT
WHEFEAS, on November 7, 1989, the City Council appointed
members of the financing team to work with staff on the Multifamily Hou
Revenue Refunding Bonds, Seascape V;llage Project; and
WHEREAS, the original financing team included Dean Witter Reynold
underwriter for the project; and
WHEREAS, Dean Witter Reynolds has subsequently ceased its participal
in this project; and
WHEREAS, the City staff has worked with the project owner, Contine:
Casualty Company (CCC), to select a new underwriter for the project, and s
and CCC have interviewed representatives of four underwriting firms; and
WHEREAS, CCC and the City staff are recommending that the Cornmiss
select A. G. Edwards and Sons, Inc., as the underwriter for the Seascape Vi11
Project.
NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioner
the Carlsbad Housing and Redevelopment Commission as follows:
1. That the above recitations are true and correct.
2. That staff and CCC representatives have interviev
representatives of Nuveene, Donaldson Luffkin Jenerette, Stone and Youngbt
and A. G. Edwards as potential underwriters for the Seascape Village Pro;
Multifamily Refunding Bonds.
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1 3. That the Commission concurs with the recommendation of the SI
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5 PASSED, APPROVED, AND ADOPTED at a regular meeting of the Carlsl
6 Housing and Redevelopment Commission of the City of Carlsbad, California
and CCC and hereby appoints A. G. Edwards and Sons, Inc. as underwriter
the Seascape Village Project Multifamily Refunding Bonds.
7 the 6th day of SEPTEMBER , 1994, by the following v(
8 to wit:
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AYES: Commissioners Lewis, Stanton, Kulchin, Nygaard, Finn:
NOES: None
ABSENT: None
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