HomeMy WebLinkAboutRES-99-5984 (UNDERGROUND/UTILITY/MYRTLE/LOMA)1
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RESOLUTION NO. 99-5984
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HERMOSA BEACH
EMPLOYING FINANCIAL ADVISOR FOR ASSESSMENT DISTRICT NO. 97-1
(MYRTLE AVE. UTILITY UNDERGROUNDING) AND ASSESSMENT
DISTRICT NO. 97-2 (LOMA DRIVE UTILITY UNDERGROUNDING)
WHEREAS, the City Council of the City of Hermosa Beach (the "City") desires to
commence proceedings for the formation of Assessment District No. 97-1 (Myrtle Ave. Utility
Undergrounding) and Assessment District No. 97-2 (Loma Drive Utility Undergrounding) (the
"Assessment Districts"); and
WHEREAS, the City desires to employ the firm Project Finance Associates ("Financial
Advisor") to perform legal services for the issuance of bonds pursuant to the terms set forth in
Financial Advisor's Agreement"), -
NOW, THEREFORE, the City Council of the City of Hermosa Beach DOES HEREBY
RESOLVE, DETERMINE AND ORDER that the Financial Advisor is employed to provide the
services described in and pursuant to the terms set forth in the Agreement.
PASSFA OP14OVED, and ADOPTED this I Ith day of May, 1999.
the)City Council and Mayor of the City of Hermosa Beach, Ualitorma
ATTEST: APPROVED AS °(
N I�
CITY CLERK CITY ATTORNEY
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES
CITY OF HERMOSA BEACH
I, Naoma Valdes, Deputy City Clerk of the City Council of the
City of Hermosa Beach, California, do hereby certify that the foregoing
Resolution No. 99-5984 was duly and regularly passed, approved and adopted
by the City Council of the City of Hermosa Beach at a Regular Meeting of
said Council at the regular place thereof on May 11, 1999.
The vote was as follows:
AYES: Bowler, Edgerton, Oakes, Reviczky, Mayor Benz
NOES: None
ABSTAIN: None
ABSENT: None
DATED: May 20, 1999
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Deputy City Clerk