HomeMy WebLinkAboutReso 218-07 E Dublin Fiscal Analysis
RESOlLU'][][ON NO 218 -07
A RESOlLlJ'][][ON OlF ,][HE C][,][Y COlJNC][lL
OlF THE (TJrY OF DUBlLIN
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APlPROVJ[NG ,][HE SlElLECTHJlN OF MUN][lF][NANC][AlL, ][NC
'][0 UPDATE EASTERN DUBlL][N lFKSCAlL ANAlLY][S
WHEREAS, m July 2000, the Plannmg CommIssion approved Master Vestmg TentatIve Map
7135 for the development of 562 homes and a golf course m Dublm Ranch Area A,
and
WHEREAS, the developer, DR AcqUlSItlOnS L L C agreed to enter mto an agreement With the
CIty to fund the difference between the revenues generated m and the costs of
provIdmg servIces to eastern DublIn (October 2001), and
WHERAS. the agreement reqUlred that a fiscal analysIs be completed on an annual baSIS, and
WHERAS, the goals and polICies of the Eastern Dublm Speclfic Plan reqmre development to
be at a mlTIlmWTI revenue neutral, and
WHEREAS. the fiscal analysIs Will enable City Staff to determme the defiCit (If any) m eastern
Dubhn, and
WHEREAS, MumFmanclal has a clear understandmg of the project scope and IS able to perform
the requested task
NOW, THEREFORE BE I,][ RESOlL VED that the City CouncIl of the CIty of Dublm does hereby
select MunlFmanclal Inc to update the Eastern DublIn FIscal AnalYSIS and authonzes the Mayor to
execute the contract With MuruFmancml Inc III an amount not to exceed $ 25,000
P ASSlEIOl, APPROVED AND ADOPTED this 18th day of December, 2007
AYES Councdmembell"s Hddelllbuod, Oravetz, Sbranh. Scholz, and Mayor lLockhart
NOES None
AlBSEN'][ None
ABS'f AIN N ollle
AT'fES'f
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Intenm City Clerk