HomeMy WebLinkAboutResolution No. 02-C0180
RESOLUTION NO. 02-C18
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
AZUSA HIRING PROFESSIONALS IN RELATION TO A
PROPOSED ISSUANCE OF COMMUNITY FACILITIES
DISTRICT NO. 2002-1 (MOUNTAIN COVE) 2002 SPECIAL
TAX BOND
WHEREAS, the City of Azusa (the "City") is considering the formation of a
proposed Community Facilities District No. 2002-1 (Mountain Cove) (the "City") and the
issuance of Special Tax Bonds therefor (the 'Bonds"); and
WHEREAS, the City has determined that staff and other professionals should take
the necessary steps for the proper formation of the CFD and the issuance of Bonds upon the
receipt of a petition of the landowner within the boundary of the CFD; and
WHEREAS, the City Council wishes to retain and here various professionals for
the purpose of preparing the necessary documents to effect such formation of the CFD and the
Issuance of Bonds.
NOW, THEREFORE, BE IT RESOLVED, DETERMINED AND ORDERED
BY THE CITY COUNCIL OF THE CITY OF AZUSA, COUNTY OF LOS ANGELES,
STATE OF CALIFORNIA, AS FOLLOWS:
SECTION 1. Recitals True and Correct. Each of the recitals stated above is true
and correct.
SECTION 2. Bond Counsel and Disclosure Counsel. The firm of Best Best &
Krieger LLP is hereby retained as Bond Counsel and Disclosure Counsel to the City.
SECTION 3. Financial Advisor. The firm of Harrell & Company Advisors, Inc.
is hereby retained as financial advisor to the City.
SECTION 4. Special Tax Consultant. The firm of David Taussig & Associates
is hereby retained as Special Tax Consultant.
SECTION 5. Fiscal Agent. Bank of New York is hereby retained as Fiscal
Agent.
SECTION 6. Appraiser. David D. Kimura, MAI is hereby retained as Real
Estate Appraiser.
SECTION 7. Underwriter. The firm of E.J. De La Rosa & Company is hereby
retained as Underwriter for the Bonds.
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SECTION 8. Other Acts. The City staff and the professional firms hired under
this resolution are hereby authorized and directed to commence work on the proposed financing.
is Resolution shall take effect upon adoption.
4th day of Feb . , 2002
I HEREBY CERTIFY that the foregoing resolution has introduced at a regular
meeting of the City Council held February 4 , 2002 and approved by the following vote.
AYES: COUNCILMEMBERS: HARDISON,STANFORD, ROCHA,CHAGNON,MADRID
NOES: COUNCILMEMBERS: NONE
ABSTAIN: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
ATTEST:
City Clerk
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