HomeMy WebLinkAboutPCDC Resolution 84-5 09/04/1984 ~ jj
BOARD OF COMMISSIONERS
PETALUMA COMMUNITY DEVELOPMENT COMMISSION,
ACTING FOR THE REDEVELOPMENT AGENCY
OF THE CITY OF PETALUMA
RESOLUT-ION NO. 84-5
RESOLUTION ENGAGING PETT.IT &.MARTIN,
ATTORNEYS AT LAW, AS BOND COUNSEL AND SPECIAL
COUNSEL TO THE AGENCY
WHEREAS the Redevelopment Agency of the City of
Petaluma wishes to eng""age special counsel and bond counsel
for its proposed f nanc.rig activities., including financing
for the proposed downtown :parking facilities project; and
WHEREAS Pettit & Martin, Attorneys at Law, San
Francisco, California, is .willing and able to~represent the
agency in such capacity,:
NOW, THEREFORE, BE IT RESOLVED by the Board of
Commissioners of the Petaluma Community Development Commission,
acting as the legislative body of the Redevelopment Agency of
the City of Petaluma, as follows:
1. Pettit & Martin, Attorneys at Law, are hereby
appointed as special counsel and bond counsel to the Redevelop-
ment Agency of the City of Petaluma.
2. Said attor-Heys shall, be paid. for general work and
ad-vice on a reasonable-hourly basis in accordance .with billing
arrangements to be worked out between the agency and 'its Executive
Director. Said attorneys shall be reimbursed all reasonable and
necessary out-of-pocket expense s.~n connection with such work and
advice.
3. For bond counsel services, said attorneys shall be
paid on a contingent basis upon the issuance of bonds by the
agency upon the following fee schedule:
As to each separate issue, said bond counsel shall be paid
2% of the first $3 million and 1-l/4% of the aggregate
dollar amount over $3 million of bonds issued by the
agency, together •wth r'eas.onablfe;out-of-pocket expenses.
PASSED AND. ADOPTED this-4th d"ay of September ,
1984, by the following called vote:. •
AYES: Perry, Ba~tta~l ia, Gavana~h, BalShaw, V, h1avor Bond, Mayor "lattei
NOES: None
ABSENT OR NOT VOTING': None-(one :Seat vacant)
Chairman F, V, Mattei
ATTEST:
Secretary e rna rd
84-5