HomeMy WebLinkAbout1996-10-22; City Council; Resolution 96-349&
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RESOLUTIO"0. 96-349
A RESOLUTION OF THE CITY OF CARLSBAD, CALFO-
APPOTNTING JONES HALL HILL AND WHITE TO ACT AS
BOND COUNSEL ON BEHALF OF THE CITY OF CARLSBAD
FOR ANY BOND ISSUE RELATED TO THE FINANCING OF
THE CARLSBAD MUNICIPAL GOLF COURSE
WHEREAS the City Council of the City of Carlsbad has adopted a legislative platform
that includes the opposition to measures that would change revenue allocations which would
negatively affect local government, including the reallocation of sales tax revenues, and
WHEREAS, the City of Carlsbad has been diligently pursuing the construction of a
municipal golf course to serve the recreational needs of the citizens of Carlsbad; and
WHEREAS, the City of Carlsbad may elect to issue one of several forms of debt to
provide the financial resources necessary to hnd the construction of a municipal golf course;
and
WHEMAS, the City of Carlsbad will require the services of an experienced bond
counsel to assure that any debt issue structured to achieve this goal will be consistent with all of
the laws, rules, and procedures mandated by the state and federal government in order to
receive favorable treatment in the bond market; and
WEREAS, the firm of Jones Hall Hill and White has the necessary expertise to assist
the City with this financing.
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NOW, THERFORE, BE IT RESOLVED by the City Council of the City of Carlsbad,
alifornia, that the Mayor is hereby authorized to execute the agreement with the firm or Jones
all Hill and White for bond counsel services.
PASSED, APPROVED AND ADOPTED at a regular meeting of the City Council on
AYES:
NOES: None
ABSENT: None
Council Members Lewis, Nygaard, Kulchin, Finnila, Hall