HomeMy WebLinkAboutResolutions - No. 2021-68RESOLUTION NO. 2021-68
A RESOLUTION OF THE LODI CITY COUNCIL AUTHORIZING THE
CITY MANAGER TO EXECUTE AMENDMENT NO. 2 TO THE PROFESSIONAL
SERVICES AGREEMENT WITH FIELDMAN, ROLAPP & ASSOCIATES, OF
IRVINE, FOR MUNICIPAL ADVISORY SERVICES, EXTENDING THE TERM
AND ADDING CONTINUING DISCLOSURE CONSULTING SERVICES FOR
ALL CITY DEBT ISSUANCES
WHEREAS, the City contracted with Fieldman, Rolapp & Associates (FRA) in August 2017
to perform Municipal Advisory Services; and
WHEREAS, FRA is able to provide low-cost and efficient Continuing Disclosure
Consulting Services to the City of Lodi to ensure the City remains compliant with all current
Continuing Disclosure obligations for all outstanding debt issuances; and
WHEREAS, due the complexity of the Continuing Disclosure reports and the initial set up
of the reports, staff is requesting an increase in the contract; and
WHEREAS, staff recommends that the City Council authorize the City Manager to execute
Amendment No. 2 to the Professional Services Agreement with Fieldman, Rolapp & Associates,
of Irvine, for Municipal Advisory Services, extending the term for two years, adding Continuing
Disclosure Services for an additional $3,500, and increasing the Professional Services Agreement
to an amount not to exceed $13,500 for the additional term of the Agreement.
NOW, THEREFORE, BE IT RESOLVED that the City Council does hereby authorize the
City Manager to execute Amendment No. 2 to the Professional Services Agreement with
Fieldman, Rolapp & Associates, of Irvine, California, for Municipal Advisory Services, thereby
extending the term of the Agreement by two years, adding Continuing Disclosure Services in the
amount of $3,500, and increasing the Professional Services Agreement by an amount not to
exceed $13,500 for the additional term; and
BE IT FURTHER RESOLVED, pursuant to Section 6.3q of the City Council Protocol
Manual (adopted 11/6/19, Resolution No. 2019-223), the City Attorney is hereby authorized to
make minor revisions to the above -referenced document(s) that do not alter the compensation or
term, and to make clerical corrections as necessary.
Dated: March 17, 2021
I hereby certify that Resolution No. 2021-68 was passed and adopted by the City Council of the
City of Lodi in a regular meeting held March 17, 2021 by the following votes:
AYES: COUNCIL MEMBERS — Chandler, Hothi, Khan, Kuehne, and
Mayor Nakanishi
NOES: COUNCIL MEMBERS — None
ABSENT: COUNCIL MEMBERS — None
ABSTAIN: COUNCIL MEMBERS — None
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` City Clerk
2021-68