HomeMy WebLinkAboutResolution No. 91-R69E
RESOLUTION NO. 91-R69
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A RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF AZUSA APPROVING AN AGREEMENT FOR
FISCAL ADVISORY SERVICES
WHEREAS, the Redevelopment Agency of the City of Azusa (the "Agency") has elected
to pursue a tax allocation issue secured by tax increment revenues under the authority of the
Azusa Public Finance Authority; and
WHEREAS, the Agency has selected underwriting and bond counsel services to pursue
said bond issue; and
WHEREAS, the additional services of a financial advisor are desired to advise the Agency
with respect to the size and structure of the issue; and
WHEREAS, the Agency has determined that Martin Coren and Associates are qualified
by training and experience to perform said services.
NOW THEREFORE, BE IT RESOLVED by the Board of Directors of the Redevelopment
Agency of the City of Azusa as follows:
Section 1. Appointment of Financial Advisor. The appointment of Martin Coren and
Associates as Financial Advisor for the purposes of the financings proposed to be undertaken
by the Agency and/or Azusa Public Financing Authority is hereby approved, and the Executive
Director is hereby authorized and directed to execute, on behalf of the Agency and such
Authority, the agreement for financial advisory services in substantially the form presented to
the Board at its meeting.
Section 2. Effective Date. This Resolution shall take effect from and after the date of
its passage and adoption.
Section 3. Certification. The Agency Secretary shall certify the adoption of this
Resolution.
PASSED, APPROVED AND ADOPTED THIS 18th. DAY OF November '1991
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I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the Board of
Directors of the Redevelopment Agency of the City of Azusa, at a regular meeting thereof, held
on the 18th. day of November 1991 by the following vote of the Board:
AYES: BOARDMEMBERS:DANGLEIS, STEMRICH, NARANJO, ALEXANDER, MOSES
NOES: BOARDMEMBERS: NONE
ABSENT: BOARDMEMBERS: NONE
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