HomeMy WebLinkAboutResolutions - No. 2016-12RESOLUTION NO. 2016-12
A RESOLUTION OF THE LODI CITY COUNCIL
AUTHORIZING THE CITY MANAGER TO ENGAGE THE
PROFESSIONAL SERVICES OF LAMONT FINANCIAL
SERVICES, JONES HALL, AND JP MORGAN RELATED TO
A PARTIAL ADVANCE REFUNDING OF THE 2007 SERIES A
WASTEWATER CERTIFICATES OF PARTICIPATION
WHEREAS, the City has an opportunity to refinance an existing debt issue 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, JP Morgan is recommended for selection as the Underwriter for the
refinancing.
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, and JP Morgan related to the partial advance refunding
of the 2007 Series A Wastewater COPS.
Dated: January 20, 2016
I hereby certify that Resolution No. 2016-12 was passed and adopted by the City
Council of the City of Lodi in a regular meeting held January 20, 2016, by the following
votes:
AYES: COUNCIL MEMBERS — Johnson, Kuehne, Nakanishi, and
Mayor Chandler
NOES: COUNCIL MEMBERS — None
ABSENT: COUNCIL MEMBERS — Mounce
ABSTAIN: COUNCIL MEMBERS — None
NIFER FERRAIOLO
City Clerk
2016-12