HomeMy WebLinkAboutResolutions - No. 2012-77RESOLUTION NO. 2012-77
A RESOLUTION OF THE LODI CITY COUNCIL AUTHORIZING
THE CITY MANAGERTO ENGAGETHE PROFESSIONAL
SERVICES OF LAMONT FINANCIAL SERVICES, JONES -HALL,
STONE AND YOUNGBERG, LLC, AND JP MORGAN RELATED
TO REFINANCINGTHE 2002 GENERAL FUND CERTIFICATES
OF PARTICIPATION (COPS), THE 2003B CSCDA
WASTEWATER COPS, AND THE 2004 WASTEWATER COPS
WHEREAS, the City has an opportunity to refinance three existing debt issues at
attractive interest rates resulting in savings to the City and its ratepayers; and
WHEREAS, the City must assemble a financial team to handle various parts of the
refinancing transactions; and
WHEREAS, Lamont Financial Services is recommended for selection as the Financial
Advisor for this transaction; and
WHEREAS, Jones -Hall is recommended for selection as Bond Counsel for this
transaction; and
WHEREAS, Stone and Youngberg, LLC is recommended for selection as the Senior
Underwriter for the refinancing of the two Wastewater issues and as co -underwriter for the
General Fund refinancing issue; and
WHEREAS, JP Morgan is recommended for selection as the Senior Underwriterfor the
refinancing of the General Fund refinancing issue and as co -underwriter for the two
Wastewater issues.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Lodi does
hereby authorize the City Manager to engage the professional services of Lamont Financial
Services, Jones -Hall, Stone and Youngberg, LLC, and JP Morgan related to refinancing the
2002 General Fund COPS, the 20036 CSCDA Wastewater COPS, and the 2004 Wastewater
COPS.
Dated: June 6, 2012
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I hereby certify that Resolution No. 2012-77 as passed and adopted by the City Council
of the City of Lodi in a regular meeting held June 6, 2012, by the following votes:
AYES: COUNCIL MEMBERS — Hansen, Johnson, Katzakian, Nakanishi, and
Mayor Mounce
NOES: COUNCIL MEMBERS — None
ABSENT: COUNCIL MEMBERS — None
ABSTAIN: COUNCIL MEMBERS — No
RANDI JOHL
City Clerk
2012-77