HomeMy WebLinkAboutResolutions - No. 88-6322028-02 JHHW:BDO:kla 03/11/88 23340
04/27/88
CITY OF LODI
RESOLUTION NO. 88-63
A RESOLUTION APPOINTING SPECIAL LEGAL COUNSEL AND
A FINANCIAL ADVISOR, APPROVING, AUTHORIZING AND
DIRECTING EXECUTION OF AN AGREEMENT FOR LEGAL
SERVICES, AND AN AGREEMENT FOR FINANCIAL ADVISORY
SERVICES ALL IN CONNECTION WITH THE PROPOSED 1988
ELECTRIC SYSTEM DIRECT INTERCONNECTION PROJECT
WHEREAS, the City of Lodi (the "City") plans to finance the construction of certain
improvements to its municipal electric system by entering into such agreements as may
be necessary and to authorize the execution, delivery and sale of certificates of
participation in payments to be made under such agreements, and it is desirable to
appoint special legal counsel and a financial advisor in connection therewith;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Lodi, as
follows:
Section 1. The law firm of Jones Hall Hill & White, A Professional Law
Corporation, San Francisco, California ("Jones Hall") is hereby appointed to act as
special legal counsel in connection with said financing proceedings.
Section 2. That certain Agreement for Legal Services by and between the City
and Jones Hall for special legal services in connection with said financing proceedings, a
copy of which is on file with the City Clerk, is hereby approved. The Mayor, the City
Manager or the Finance Director is hereby authorized and directed in the name and on
behalf of the City to execute said Agreement and the City Clerk is hereby authorized and
directed to attest to such official's signature.
Section 3. The firm of Seidler -Fitzgerald Public Finance, Los Angeles, California
("Seidler -Fitzgerald") is hereby appointed to act as financial advisor to the City in
connection with said financing proceedings.
Section 4. That certain Agreement for Financial Advisory Services by and
between the City and Seidler -Fitzgerald for financial advisory services in connection with
said financing proceedings, a copy of which is on file with the City Clerk, is hereby
approved. The Mayor, the City Manager or the Finance Director is hereby authorized and
directed in the name and on behalf of the City to execute said Agreement and the City
Clerk is hereby authorized and directed to attest to such official's signature.
Section 5. Appropriate officers of the City are hereby authorized and directed, in
association with Jones Hall and with Seidler -Fitzgerald, to take such actions and to
prepare such documents as shall be necessary and appropriate in connection with such
financing proceedings.
Section 6. This Resolution shall take effect upon its adoption by this City Council.
I hereby certify that the foregoing resolution was duly adopted at a meeting of the
City Council of the City of Lodi duly held on the 4th day of May, 1988, by the following
vote:
AYES, and in favor of, Councilmembers: Hinchman, Olson, Reid & Snider (Mayor
Pro Te pore)
NOES, Councilmembers:
ABSENT, Councilmembers:
[S E A L]
ATTEST:
LAW) /%J .R41int, SLP .
1
Cify Clerk
Approvers as to Form:
GUe-4 L4-
Bobby W. McNatt
City Attorney
None
Pinkerton
CITY OF LODI
Mayor Pro Tempore