HomeMy WebLinkAbout021-88 RESOLUTION NO. 21-88
A RESOLUTION APPOINTING AND EMPLOYING ENGINEER AND
BOND COUNSEL, AND APPOINTING AND DESIGNATING
INVESTMENT BANKER
TASSAJARA RANCH ASSESSMENT DISTRICT
RESOLVED, by the Town Council of the Town of Danville,
California, that
WHEREAS, this Council proposes to undertake proceedings
pursuant to appropriate special assessment and assessment bond
acts for the acquisition, construction and financing of certain
public improvements in this Town; and
WHEREAS, the public interest and general welfare will be
served by appointing and employing an engineer of work and bond
counsel for said proceedings and appointing and designating an
investment banker for the underwriting of the bonds to be
authorized and sold as a result thereof;
NOW, THEREFORE, IT IS ORDERED as follows:
1. That WILLDAN ASSOCIATES, Pleasanton, California, be,
and it is hereby, appointed as Engineer of Work and employed to
do and perform engineering services in and for said
proceedings, including the preparation of the engineer's
report; that its compensation be, and it is hereby, fixed at a
reasonable engineering fee for such services, the scope of the
services and the fee to be approved by this Council, the fee to
be assessed as an incidental expense of said proceedings.
2. That BROWN & WOOD, San Francisco, California, be, and
it is hereby, appointed and employed to do and perform the bond
counsel services required in conjunction with said proceedings,
including the furnishing of its legal opinion on the validity
of the proceedings and the bonds to be issued as a result
thereof; that its compensation be, and it is hereby, fixed at a
reasonable bond counsel fee for said services, the fee to be
approved by this Council and assessed as an incidental expense
of said proceedings.
3. That the Council reserves the decision on the manner
of the sale of the bonds until the formation of the District;
and, at that time, may determine to sell the bonds at auction
or by underwriting; the Council will select a Financial Advisor
or an Underwriter as needed to complete the sale.
4. That the employment of the Engineer of Work and Bond
Counsel and the appointment of the Investment Banker shall be
set forth in agreements between this Town and said parties
approved by resolutions of this Council.
5. That the amounts provided to be paid herein be paid
from the assessments to be levied and bonds to be issued in
these proceedings, and not otherwise.
I hereby certify that tile foregoing is a full, true and
correct copy of a resolution duly and regularly passed and
adopted by tile Town Council of the Town of Danville,
California, at a regular meeting thereof held on
the ..... 7t~ ........ day of _ ..Marqh .... , 198._8_' by tile following
vote:
AYES, and in favor thereof, Councilmembers:
Greenberg, Lane, Schlendorf, Ritchey
NOES, Councilmembers: None
-' r
ABSENF., Councilmembers: None
APPROVED: