HomeMy WebLinkAboutReso 037-93 Brown&Wood COPRESOLUTION NO. 37 - 93
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
AUTHORIZING STAFF TO ENGAGE SPECIAL LEGAL COUNSEL AND UNDERWRITER
IN CONNECTION WITH REFUNDING CERTIFICATE OF PARTICIPATION PROCEEDINGS
WHEREAS, the City has heretofore issued its Certificates of
Participation as of March 1, 1988, in the aggregate principal amount
of $17,230,000 (the "1988 Certificates") to finance the Civic Center
public improvements for the City; and
WHEREAS, the City wishes to institute proceedings at this time
for the refunding of the 1988 Certificates through the issuance of
Refunding Certificates of Participation (the "Refunding Certificates")
and in connection with such refinancing proceedings, the City requires
the advice and assistance of special legal counsel and an investment
banking firm. '.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Dublin as follows:
1. That Staff is authorized to negotiate an agreement by and
between the City and Brown & Wood, a Professional Law Corporation, for
special legal counsel services in connection with the issuance of the
Refunding Certificates. The appropriate officers of the City are
hereby authorized and directed in the name and on behalf of the City
to execute said agreement.
2. That Staff is authorized to negotiate an agreement by and
between the City and Rauscher Pierce Refsnes, Inc., for investment
banking services in connection with the issuance of the Refunding
Certificates. The appropriate officers of the City are hereby
authorized and directed in the name and on behalf of the City to
execute said agreement.
3. The basic principles to be in the agreements shall be as
described in the Staff Report presented at the City Council meeting on
March 22, 1993.
4. This Resolution shall take effect immediately upon its
adoption.
PASSED, APPROVED AND ADOPTED this 22nd day of March, 1993.
AYES:
Councilmembers Burton, Howard, Moffatt & Mayor Snyder
NOES:
Councilmember Houston
ABSENT: None
ABSTAIN: None
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