2004/10/26 City Council Resolution (5)RESOLUTION NO. 2004- 286
RESOLUTION APPROVING THE AGREEMENT WITH
STONE & YOUNGBERG FOR UNDERWRITING SERVICES
FOR THE CITY OF ROHNERT PARK'S
FINANCE PLAN IMPLEMENTATION PROGRAM
WHEREAS, proposals were solicited by the City Council for Underwriting
Services for the City of Rohnert L'ark's Finance flan 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
Stone & Youngberg had the strongest understanding of the City and the project, and thus
are ready to assist the City in the challenges of said project, and;
WHEREAS, the proposed fee for underwriting services ranges from .6% to 1.3%
of the bond issuance, depending on the bond rating. This fee is 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 underwriting services
to the most responsive bidder, compatibility and other factors considered, to wit:
Contractor Name
Stone & Youngberg
San Francisco, 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 26ftay of October, 2004.
TTEST:
City Clerk
CITY OF RO HNERT P
1 p011 RT
19 ° 02 FLORES: AYE MACKENZIE: AYE SPRADLIN: ABSENT
VIDAK- MARTINEZ: AYE NORDIN: AYE
AYES: (4) NOES: (0) ABSENT: (1) ABSTAIN: (0)
CIFol LAIN