RESOLUTION NO. __________
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA APPROVING A LEGAL SERVICES
AGREEMENT TO PROVIDE LEGAL SERVICES FOR
COMMUNITY FACILITIES DISTRICT FORMATION, BOND
COUNSEL, AND BOND DISCLOSURE SERVICES BETWEEN
THE CITY AND BEST, BEST & KRIEGER FOR COMMUNITY
FACILITIES DISTRICT 2024-2 (676 MOSS STREET)
WHEREAS, Shea Homes Limited Partnership, (“Developer”) is the owner of the Moss Street project located at 676 Moss Street (“the Project”). Developer has requested that the City of Chula Vista (City”) form a Community Facilities District (“CFD”) to finance public improvements and development impact fees which are a requirement to develop the Project; and
WHEREAS, the City of Chula Vista (“ City”) requires legal services, independent bond counsel, and bond disclosure services to be performed in connection with formation of this CFD 2024-2 (676 Moss Street); and
WHEREAS, in accordance with Chula Vista Muncipal Code (“CMVC”) Section
2.56.110(A)(1) and (F), staff has determined that Best, Best & Krieger has the demonstrated competence and qualifications for the services required, including their knowledge and experience with the City’s bond financings, and has also determined that their fees are fair and reasonable; and
WHEREAS, the City Attorney’s Office in consultation with the Purchasing Agent, has determined that pursuant to CVMC Section 2.56.110(F), the award of the contract to Best, Best & Krieger is based on their unique qualifications and performance characteristics providing legal servcies for CFD formation, bond, and disclosure services in the City of Chula Vista; and
WHEREAS, staff recommends that the City enter into an agreement with Best, Best & Krieger to provide necessary legal services, bond counsel and bond disclosure services for the formation of CFD 2024-2 (676 Moss Street); and
WHEREAS, Best, Best & Krieger warrants and represents that it is experienced and staffed in a manner such that it can deliver the services required to City in accordance with the time frames and the terms and conditions of the Legal Services Agreement.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista, that it approves the Legal Services Agreement for Legal Services, Bond Counsel and Bond Disclosure Services, between the City and Best, Best and Krieger in the form presented, with such minor modifications as may be required or approved by the City Attorney , a copy of which shall be kept on file in the Office of the City Clerk, and authorizes and directs the City Attorney to execute same.
Resolution No.
Presented by Approved as to form by
Laura C. Black, AICP Marco A. Verdugo
Director of Development Services City Attorney