HomeMy WebLinkAboutPCDC Resolution 84-6 09/04/1984 •
Reso, 84-6
RESOLUTION EMPLOYING THE FIRM OF„WULFF, HANSEN & COMPANY TO
PROVIDE FINANCIAL CONSULTING SERVICES IN CONNECTION WITH THE
ISSUANCE OF COMMUNITY DEVELOPMENT COMMISSION DEBT IN THE CITY
OF PETALUMA, AUTHQRI'ZING THE MAYOR/CHAIRMAN OR CITY MANAGER/
EXECUTIVE DIRECTOR TO ENTER INTO AN AGREEMENT FOR SAID
FINANCIAL CONSULTING SERVICES.
BE IT RESOLVED that the firm of Wulff, Hansen & Company be and
it is hereby appointed and employed to perform certain financial
consulting services in connection with the issuance of community
development commission debt in the City of Petaluma; and,
BE IT FURTHER RESOLVED that the Mayor/Chairman or City
Manager/Executive Director is hereby authorized to execute an
agreement for certain financial consulting services to be performed.
by the above firm. Said agreement to be in a form approved by the
City Attorney, with fees to be paid on the following basis, contingent
upon issuance of debt pursuant to the provision of said consulting
services.
The financial Consultant Fee shall be an amount equal to the
summation of the percentages shown in the formula that follows:
Total Estimated Project Cost Wulff Hansen & Co. Fee
First $1 million 2% plus
Next $2 million 1% plus
Over $3 million 0.5a
Plus reimbursement of City approved direct costs which are not
contingent on issuance of debt.
Passed and ado~fied this 4th day of Ser~tember, 1984, by the follo~~ing
vote:
AYES'; Perry, Battaglia, Cavanagh., Balshaw, V,6~a~~or Bond, i~avor ~attei
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NOES: None
ABSENT: PJone (one seat vacant) ~
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