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Resolution - PFM Financial Advisors LLC.pdf

Chula Vista City Council
July 21, 2026

Document
Resolution - PFM Financial Advisors LLC.pdf
Meeting
July 21, 2026
Body
Chula Vista City Council
Pages
2
Original file
82 KB
Text extracted from the city's file for reading and search. Open the original on pub-chulavista.escribemeetings.com. That file is the official record.

RESOLUTION NO. __________

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

CHULA VISTA APPROVING A CONSULTANT SERVICES

AGREEMENT BETWEEN THE CITY AND PFM FINANCIAL
ADVISORS LCC.

WHEREAS, since 1993, through the adoption of the Otay Ranch General Development Plan, the City of Chula Vista (“City”) has pursued a vision of locating a university within eastern Chula Vista; and

WHEREAS, from 2001 through 2014, through a combination of Land Offer Agreements, land exchanges and agreements with developers , the City acquired 383 acres of land subject to restrictive covenants for University-Innovation District (“UID”) purposes; and

WHEREAS, in 2018, the City certified Final Environmental Impact Report (FEIR14001/SCH 2014121097) and adopted the University-Innovation District Sectional Planning Area Plan approving the entitlements for a UID; and

WHEREAS, additionally, over the years, the City has engaged in a number of studies to determine the type of university(ies) that would best fit the univ ersity site from a land use and economic development perspective; and

WHEREAS, Assembly Bill 662, authored by Assemblymember David Alvarez, established the South County Higher Education Planning Task Force, a collaborative body comprised of the City of C hula Vista, University of California, California State University, California Community Colleges, Sweetwater Union High School District , and other stakeholders to evaluate the governance models, funding mechanisms, and statutory changes required for creating a four-year public university in South San Diego County; and

WHEREAS, on March 6, 2026 , the City issued Request for Proposals P20 -2026 seeking competitive proposals from qualified firms to serve as the Task Force's technical financial consultant; and

WHEREAS, t he City received three (5) sealed bids on March 31, 2026 and a fter a comprehensive assessment, staff recommended awarding the agreement to PFM Financial Advisors LLC on a time and materials basis with a not-to-exceed amount of $140,000.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista, that it approves a Consultant Services Agreement, between the City and PFM Financial Advisors LLC., 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 Manager to execute same.

Resolution No.

Page 2 ends

Presented by Approved as to form by

Tiffany Allen Marco A. Verdugo
City Manager City Attorney

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