HomeMy WebLinkAboutResolutions - No. 91-151RESOLUTION NO. 91-151
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A RESOLUTION OF THE LODI CITY COUNCIL
AUTHORIZING THE CITY'S ENTERING INTO AN AGREEMENT FOR ARBITRAGE REBATE
SERVICES (REBATE CALCULATION SERVICES)
WHEREAS, Lodi Municipal Code, Section 3.20.070, authorizes
dispensing with bidding procedures for purchases of supplies, services,
or equipment when the City Council determines that the purchase or
method of purchase would be in the best interests of the City; and
WHEREAS, in 1988, the City issued Certificates of Participation
to finance construction of the White Slough Water Polution Control
Facility expansion for which arbitrage earnings must be reported to the
Internal Revenue Service; and
WHEREAS, the City received four proposals from various firms for
for the preparation of calculations and reports for the arbitrage
reporting; and
WHEREAS, said proposals have been compared and checked and a
report thereof filed with the City Manager; and
WHEREAS, it is the City Manager's recommendation that the City
enter into an agreement for said services with the firm of Jones, Hall,
Hill & White, based on that firm's expertise, reputation as bond
counsel, and the City's past relationship with this firm;
NOW, THEREFORE, BE IT RESOLVED that the Lodi City Council hereby
approves the City's entering into an agreement for the above-described
Rebate Calculation Services with Jones, Hall, Hill & White in the
amount of $8,000 for Fiscal Year 1991-92 and $500 for Fiscal Year
1992-93, and further authorizes execution of said Agreement by the City
Manager.
Dated: August 7, 1991
I hereby certify that Resolution No. 91-151 was passed and
adopted by the City Council of the City of Lodi in a regular meeting
held August 7, 1991 by the following vote:
Ayes: Council Members - Pennino, Pinkerton, Sieglock, Snider
and Hinchman (Mayor)
Noes: Council Members - None
Absent: Council Members - None
Alice M. Reimche
City Clerk
91-151
RES91151/TXTA.02J