2002/08/27 City Council Resolution (10)RESOLUTION NO. 2002 -207
A RESOLUTION OF THE COUNCIL OF THE CITY OF ROHNERT PARK AWARDING A
CONTRACT TO HENDERSON CAPITAL PARTNERS,INC. FOR UNDERWRITER SERVICES
WHEREAS, the City of Rohnert Park desires to finance certain
capital improvements of the City's water system, including the
residential water meter project; and
WHEREAS, the California Statewide Communities Development
Authority, a joint exercise of powers agency, will be issuing a
Water and Wastewater Revenue Bonds (Pooled Financing Program) for
the purpose of financing or refinancing certain public capital
improvements; and
WHEREAS, the Authority is one of the largest bond issuers in
the nation and serves as issuer under a variety of financing
programs benefiting public agencies and is sponsored by the
League of California Cities and the California State Association
of Counties; and
WHEREAS, the City desires to participate in the Authorities
Pooled Financing Program and obtain $2 million in financing for
the City's water projects; and
WHEREAS, Henderson Capital Partners is a local regional
investment banking firm specializing in municipal finance and
offering financial advisory and bond underwriting services to
local and state governments since 1991; and
WHEREAS, Henderson Capital Partners will be the underwriter
for all participants in the Water & Wastewater Revenue Bonds
(Pooled Financing Program); and
WHEREAS, Henderson Capital Partners has proposed to provide
the City, as a participant in the Pooled Financing Program, with
underwriter service for a cost of 1.20% of the total issuance of
$2,080,000, estimated at $24,960;
NOW, THEREFORE, BE IT RESOLVED that the Council does hereby
award the contract for underwriter service to the firm Henderson
Capital Partners.
BE IT FURTHER RESOLVED that the City Council authorizes the
City Manager and Finance Director to execute any and all
documents associated with this agreement.
DULY AND REGULARLY ADOI
this 27th day of August, 200
ATTEST
DeAty a.ty ClqXf
MACKENZIE: AYE
REILLY: AYE VACANCY: N/A
VIDAK- MARTINEZ: AYE FLORES: AYE
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by the Rohnert Park City Council
ITY OF ROHNERT •A'
yor
AYES: (4) Four NOES: (0) None
ABSENT: (0) None ABSTAIN: (0) None