2001/11/27 City Council Resolution (17)RESOLUTION NO. 2001 -_25R
A RESOLUTION OF THE COUNCIL OF THE CITY OF ROHNERT PARK AWARDING A
CONTRACT TO ORRICK, HERRINGTON & SUTCLIFFE LLP FOR BOND COUNSEL
SERVICES
WHEREAS, the City has previously issued the 1993 Limited
Obligation Refunding Bonds to consolidate the 1915 Act Improvement
Bonds for the three assessment districts, Camino Colegio, Wilfred
Avenue and Millbrae Avenue; and
WHEREAS, because of lower interest rates, this obligation can be
refunded and result in a substantial savings to the parcel owners in
the Wilfred Avenue and Millbrae Avenue assessment districts; and
WHEREAS, the Camino Colegio assessment district matures in 2002
and will be removed from the new refunding issue; and
WHEREAS, the City Council has approved the issuance of the 2001
Consolidated Refunding District to, refund the 1993 Limited Obligation
Refunding Bonds for the Wilfred Avenue and Millbrae Avenue assessment
districts; and
WHEREAS, the legal firm of Orrick, Herrington & Sutcliffe LLP has
proposed performing the services as Bond Counsel for this refunding
issuance for a fee of $15,000; and
WHEREAS, Orrick is a professional law firm experienced in
providing the services as Bond Counsel; and
WHEREAS, the City has secured Orrick's services in the past for
other bond issues and has been satisfied with their service
NOW, THEREFORE, BE IT RESOLVED that the Council does hereby award
the contract for Bond Counsel to the firm Orrick, Herrington &
Sutcliffe, LLP.
DULY AND REGULARLY ADOPTy the
27th day of November, 2001. ROHNERT PAR6C
ATTEST:
Rohnert Park City Council this
OF ROHNERT PARK