HomeMy WebLinkAboutReso 85-04 EastDubFiscalAnalysi RESOLUTION NO. 85 - 04
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
APPROVING THE SELECTION OF MUNIFINANCIAL, INC.
TO UPDATE EASTERN DUBLIN FISCAL ANALYIS
WHEREAS, in July 2000, the Planning Commission approved Master Vesting Tentative Map
7135 for the development of 562 homes and a golf course in Dublin Ranch Area A; and
WHEREAS, the developer, DR Acquisitions L.L.C. agreed to enter into an agreement with the
City to fund the difference between the revenues generated in and the costs of providing services to
eastern Dublin (October 2001); and
WHEREAS, the agreement required that a fiscal analysis be completed on an annual basis; and
WHERAS, the goals and policies of the Eastern Dublin Specific Plan require development to be
at a minimum revenue neutral; and
WHEREAS, the fiscal analysis will enable City Staff to determine the deficit (if any) in eastern
Dublin; and
WHEREAS, MuniFinancial has a clear understanding &the project scope and is able to perform
the requested task.
NOW, THEREFORE BE IT RESOLVED that the City Council of the City of Dublin does
hereby select MuniFinancial Inc. to update the Eastern Dublin Fiscal Analysis and authorizes the Mayor
to execute the contract with MuniFinancial Inc. in an mount not to exceed $ 25,000.
PASSED, APPROVED AND ADOPTED this 1st day of June, 2004.
AYES: Councilmembers McCormick, Oravetz, Sbmnti and Zika and Mayor Lockhart
NOES: None
ABSENT: None
ABSTAIN: None ~
ATTEST:
K2/G/6- 1-04/reso-m '~Jancial.doc (Item 4.2)