2002/02/12 City Council Resolution (12)RESOLUTION NO. 2002 - 27
A RESOLUTION OF THE COUNCIL OF THE CITY OF ROHNERT PARK
APPROVING A CONTRACT WITH MUNIFINANCIAL
FOR CONTINUING DISCLOSURE SERVICES
WHEREAS, the purchase contract and indenture agreements of
the newer bond issuances all require continuing disclosure
reports to be filed annually with the National depositories; and
WHEREAS, failure to submit the report annually could result
in noncompliance with the Securities and Exchange Commission; and
WHEREAS, the City of Rohnert Park has four bond issuances
that require continuing disclosure, two of which have the same
requirements; and
WHEREAS, the documentation required for continuing
disclosure is highly technical and must be researched; and
WHEREAS, there are financial firms that perform this
service, one of which is MuniFinancial, the company that
presently prepares the arbitrage reports for the City's bond
issuances; and
WHEREAS, Munifinancial is one of the largest nationally
recognized public financing- consulting firms in the United
States; and
WHEREAS, Munifinancial has submitted a proposal to perform
this service for a reasonable fee of $4,500 annually, with a one-
time set -up fee of $500.
NOW, THEREFORE, BE IT RESOLVED that the Council does
hereby award the continuing disclosure services to the firm
MuniFinancial.
DULY AND REGULARLY ADOPTED by the Rohnert Park City Council
this 12th day of February,CO2.
CITY OF ROHNERT PARK
Mayor
MACKENZIE: AYE REILLY: AYE SPIRO: AYE VIDAK- MARTINEZ: AYE FLORES: AYE
AYES: (s) NOES: (0) ABSENT: (0) ABSTAIN: (0)