HomeMy Public PortalAbout2003.143 (07-28-03)RESOL.IJTION NO. ~nn~ _ a a~
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD
APPROVING COST OF SERVICE FEE PROPOSALS SUBMITTED BY THE
FINANCING TEAM IN CONNECTION WITH THE LYNWOOD UTILITY
, AUTHORITY
APPROVED AS TO FORM:
~ WHEREAS, on June 17, 2003, the City Council approved the selection of
~ the financing team members in connection with the Lynwood Utility Authority; and
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WHEREAS, the firm, Fulbright & Jaworski, LLP were selected as the bond
counsel; and
WHEREAS, the firm, ETE & Associates were selected as the financial
advisory; and , .
WHEREAS, the firm, Prager, Sealy & Co., LLC were selected as
underwriter; and ~
WHEREAS, the City Council directed staff to negotiate the financing team
service fees. '
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL AS
FOLLOWS: ~ ' ~
Secfion 1: That fee proposals submitted by Fulbright &Jaworski, LLP;
ETE & Associates; and Prager, Sealy & Co., LLC is hereby approved.
_ ~ Section 2: That the Mayor is authorized to execute agreements with the
financing team noted in Section 1 above.
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Section 3: That this resolution shall take effect immediately upon its
adoption.
PASSED, APPROVED, AND ADOPTED this 28th day of July, 2003
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ERNANDO PEDROZA, AYOR
ATTEST:
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Ar~drea L. Hooper, City lerk '
APPROVED AS TO CONTENT
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~;it Attorney Lo He , ity Manager
STATE OF CALIFORNIA }
} ss.
COUNTY OF LOS ANGELES }
I, the undersigned, City Clerk of the City of Lynwood, do hereby certify that
the foregoing Resolution was passed and adopted by the City Council of the City
of Lynwood at a regular meeting held on the ~g#h day of
~
2003.
AYES: COUNCILMEN BYRD, REYES, RICHRDS, RODRIGUEZ, PEDROZA
NOES: . I~ONE
ABSENT: NOHE
ABSTAIN: WONE
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Andrea L. Hooper, City Clerk
STATE OF CALIFORNIA }
} ss.
COUNTY OF LOS ANGELES }
I, the undersigned City Clerk of the City of Lynwood, and Clerk of the City
Council of said City, do hereby certify that the above and foregoing is a full, true
and correction copy of Resolution No. ~003.143 on file in my office and that
said Resolution was adopted on the date and by the vote therein stated.
Dated this z$~h day of J~~y , 2003.
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Andrea L. Hooper, City Clerk
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