2004/10/26 City Council ResolutionRESOLUTION NO. 2004- 285
RESOLUTION APPROVING THE AGREEMENT WITH
STRADLING YOCCA CARLSON & RAUTH
FOR BOND AND DISCLOSURE COUNSEL SERVICES
FOR THE CITY OF ROHNERT PARK'S
FINANCE PLAN IMPLEMENTATION PROGRAM
WHEREAS, proposals were solicited by the City Council for Bond and Disclosure
Counsel Services for the City of Rohnert Park's Finance Plan Implementation Program: and
WHEREAS, upon receipt of proposals, three firms were interviewed by a committee
made up of the City Manager, Finance Director, Engineering Consultant and a Special Tax
Consultant, and;
WHEREAS, following the interview process, the committee determined that Stradling
Yocca Carlson & Rauth understood the challenges and obstacles that the City may face, and their
team approach with having all consultants and staff working together on the project from the
inception, would best fit the needs of our City, staff, property owners and developers, and;
WHEREAS, the proposed fee for bond counsel is $45,000 for total issuance less than $5
million and issuances over $5 million, will have an incremental increase. The proposed fee for
disclosure counsel is $25,000 for each official statement prepared. These fees are comparable to
the industry standard.
NOW, THEREFORE, BE IT RESOLVED, that the Council of the City of Rohnert
Park hereby awards the agreement for the aforementioned bond and disclosure counsel services
to the most responsive bidder, compatibility and other factors considered, to wit:
Contractor Name
Stradling Yocca Carlson & Rauth
Newport Beach, California
BE IT FURTHER RESOLVED, that.the City Council authorizes the City Manager to
handle all details and execute any documents relative to said contract.
DULY AND REGULARLY ADOPTED this 2AO day of October,
ATTEST:
City Clerk
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FLORES: AYE MACKENZIE: AYE SPRADLIN: ABSENT
VIDAK- MARTINEZ: AYE NORDIN: AYE
AYES: (4) NOES: (0) ABSENT: (1) ABSTAIN: (0)