Form Rev 2/18/2025
RESOLUTION NO. __________
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA APPROVING CONSULTANT SERVICES
AGREEMENT BETWEEN THE CITY AND HARRELL &
COMPANY ADVISORS, LLC TO PROVIDE MUNICIPAL
ADVISORY SERVICES
WHEREAS, The Chula Vista Municipal Financing Authority Special Tax Revenue Refunding Bonds, Series 2015A, were issued to finance the purchase of four series of special tax refunding bonds, each issued by a community facilities district (“CFD”) of the City; and
WHEREAS, the Chula Vista Municipal Financing Authority Special Tax Revenue Refunding Bonds, Series 2015B, were issued to finance the purchase of one reassessment district and four series of special tax refunding bonds; and
WHEREAS, all four series of special tax refunding bonds financed under Series 2015A, and two series of special tax refunding bonds financed under Series 2015B are now considered good candidates for a refunding; and
WHEREAS, the City requires municipal advisory services to be performed in connection with refunding of the Chula Vista Municipal Financing Authority Special Tax Revenue Refunding Bonds, Series 2015A; and the partial refunding of the Chula Vista Municipal Financing Authority Special Tax Revenue Refunding Bonds, Series 2015B; and
WHEREAS, in acc ordance with Municipal Code Section 2.56.110(A)(1), staff has determined that Consultant has the demonstrated competence and qualifications for the services required, including that the Consultant is registered as a Municipal Advisor with both the United States Securities and Exchange Commission and the Municipal Securities Rulemaking Board, and that Consultant’s fees are fair and reasonable; and
WHEREAS, the Purchasing Agent has determined that pursuant to Municipal Code Section 2.56.110(H)(2), the City’s selection process would be impractical, and that the City’s interest would be materially better served by applying a different purchasing procedure; and
WHEREAS, Consultant warrants and represents that it is experienced and staffed in a manner such that it can deliver the services required of Consultant to City in accordance with the time frames and the terms and conditions of this Agreement.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista, that it approves the Consultant Services Agreement, between the City and Harrell & Company Advisors, LLC , in the fo rm 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 Mayor to execute same.
Resolution No.
Presented by Approved as to Form by
Sarah Schoen Marco A. Verdugo
Director of Finance/Treasurer City Attorney