HomeMy WebLinkAboutRES 91-38RESOLUTION NO. 91-38
A RESOLUTION APPOINTING A FINANCIAL ADVISOR AND BOND COUNSEL
AND APPROVING, AUTHORIZING AND DIRECTING EXECUTION OF AN
AGREEMENT FOR FINANCIAL ADVISORY SERVICES AND AN AGREEMENT
FOR LEGAL SERVICES, ALL IN CONNECTION WITH THE PROPOSED
1991 TAX AND REVENUE ANTICIPATION NOTES
RESOLVED, by the City Council of the City of Diamond Bar
(the "City") as follows:
WHEREAS, the City desires to issue short-term, tax and
revenue anticipation notes (the "Notes") on behalf of the City
pursuant to sections 53850 et seq. of the California Government
Code, and it is desirable to appoint a financial advisor and bond
counsel in connection therewith;
NOW, THEREFORE, it is hereby DETERMINED and ORDERED as
follows:
Section 1. The financial advisory firm of Sutro &
Co. Incorporated, San Francisco, California ("Sutro'l), is hereby
appointed to act as financial advisor in connection with issuance
of the Notes.
Section 2. The law firm of Jones Hall Hill & White,
A Professional Law Corporation, San Francisco, California, ("Jones
Hall"), is hereby appointed to act as bond counsel in connection
with said financing proceedings.
Section 3. That certain Agreement for Financial
Advisory Services by and between the District and Sutro for
financial advisory services in connection with issuance of the
Notes, a copy of which is on file with the Secretary, is hereby
approved. The Mayor, the Mayor Pro Tem, the City Manager or other
appropriate officer or official of the City is hereby authorized
and directed in the name and on behalf of the City to execute said
Agreement and the City Clerk is hereby authorized and directed to
attest to such official's signature.
Section 4. That certain Agreement for Legal
Services by and between the City and Jones Hall for legal services
in connection with issuance of the Notes, a copy of which is on
file with the Secretary, is hereby approved. The Mayor, the Mayor
Pro Tem, the City Manager or other appropriate officer or official
of the City is hereby authorized and directed in the name and on
behalf of the City to execute said Agreement and the City Clerk is
hereby authorized and directed to attest to such official's
signature.
Section 5. Appropriate officers of the City are
hereby authorized and directed, in association with Sutro and Jones
Hall, to take such actions and to prepare such documents as shall
be necessary and appropriate in connection with issuance of the
Notes.
Section 6. This Resolution shall take effect upon
its adoption by this City Council.
Passed, Adopted and Approved by the City Council of
the City of Diamond Bar, California, this ath day of
June , 1991.
Mayor
I, LYNDA BURGESS, City Clerk of the City of Diamond Bar
do hereby certify that the foregoing Resolution was passed,
approved and adopted at the regular meeting of the City Council of
the City of Diamond Bar held on 4th day of June, 1991 by the
following Roll Call vote:
AYES: COUNCIL MEMBERS: Werner, Nardella, Papen
Mayor Pro Tem Kim and
Mayor Forbing
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAINED: COUNCIL MEMBERS: None
ATTEST: _
Lynda Burgess, Cit} tlerk
City of Diamond Bar