CIC Resolution 85-27COMMUNITY IMPROVEMENT COMMISSION
RESOLUTION NO. 85-27
AUTHORIZING EXECUTION OF AGREEMENTS FOR FINANCIAL
ADVISORY SERVICES AND FOR LEGAL SERVICES RELATED
TO THE ISSUANCE OF TAX ALLOCATION BONDS
WHEREAS, the Community Improvement Commission wishes to
issue tax allocation bonds for the purpose of financing housing
in the West End Community Improvement Project Area, to be payable
from and secured by a pledge of the tax allocation revenues
derived from the Project Area, all pursuant to the California
Redevelopment Law; and
WHEREAS, the Community Improvement Commission desires to
retain and employ financial advisory and bond counsel services
related to the issuance of tax allocation bonds; and
WHEREAS, Jones Hall Hill & White, a Professional Law
corporation and Stone & Youngberg are qualified by training and
experience to perform these services in connection with the bond
issuance, and are willing to provide said services;
NOW, THEREFORE, BE IT RESOLVED by the Community
Improvement Commission of the City of Alameda, as follows:
1. That a certain agreement by and between the
Community Improvement Commission and Jones Hall Hill & White,
a Professional Law Corporation, for bond counsel services in
connection with tax allocation bond proceedings related to
financing housing in the West End Community Improvement Project
Area is hereby approved.
2. That a certain agreement by and between the Community
Improvement Commission and Stone & Youngberg for financial
advisory services in connection with the tax allocation bond
issuance is hereby approved.
3. That these agreements supersede any previously
executed agreement related to tax allocation bond proceedings
between the Community Improvement Commission and Jones Hall
Hill & White and Stone & Youngberg.
4. That this resolution shall take effect immediately
and the Chairman and Secretary shall be, and each hereby is,
authorized and directed to execute and to attest to,
respectively, on behalf of the Community Improvement Commission
of the City of Alameda these agreements for services.
I, the undersigned, hereby certify that the foregoing Resolution was duly
and regularly adopted and passed by the Community Improvement Commission of
the City of Alameda in a regular meeting assembled on the 15th of October, 1985,
by the following vote, to wit:
AYES: Commisioners Corica, Fianna, Lucas, Monsef and Chairman Diament - 5.
NOES: None.
ABSENT: None.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official
seal of said Commission this 16th day of October, 1985.
Anne lament, Chairman
Community Improvement Commission
Dian& Felsch, Secretary
Community Improvement Commission
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