Loading...
HomeMy WebLinkAboutReso. 1976-089 - Appointing special bond counsel and authorizing execution of agreement• RESOLUTION NO. RESOLUTION APPOINTING SPECIAL BOND COUNSEL AND AUTHORIZING EXECUTION OF AGREEMENT BE IT RESOLVED by the City Council of the City of Redding, Shasta County, California, that STURGIS, NESS & BRUNSELL a profes- sional corporation, Attorneys at Law, Emeryville, California, be, and they are hereby, appointed as Special Bond Counsel to conduct special assessment district proceedings in Sequoia Street Extension Assessment District 1976-1, City of Redding, Shasta County, California; and BE IT FURTHER RESOLVED that the employment of the said STURGIS, NESS & BRUNSELL a professional corporation shall be as pro- vided in the attached agreement; and BE IT FURTHER RESOLVED that the Mayor of the City of Redding be authorized to sign, and the City Clerk thereof be authorized to attest, that certain agreement employing the said STURGIS, NESS & BRUNSELL a professional corporation as Special Bond Counsel to do and perform the services therein set forth and upon the compensation therein provided for. I HEREBY CERTIFY that the foregoing resolution was duly and regularly adopted by the City Council of the City of Redding, Shasta County, California, at a regular meeting thereof, held on the 16th day of August, 1976, by the following vote, to wit: AYES: Councilmen Anderson, Demsher, Gard, Pugh, and Fulton NOES: Councilmen None ABSENT: Councilmen None MILDRED L. BRAYTON, City Clerk, City of Redding, Shasta County, California A G R E E M E N T • THIS AGREEMENT, made and entered into this 16th day of August, 1976, by and between the CITY OF REDDING, a municipal cor- poration of the State of California, hereinafter called First Party, and STURGIS, NESS & BRUNSELL a professional corporation, Attorneys at Law, Special Bond Counsel, hereinafter called Second Party; W -I T N E S S E T H: That for and in consideration of the mutual covenants and agreements herein contained, the parties hereto agree as follows: 1. First Party proposes to initiate proceedings for the improvements and acquisitions to be made in Sequoia Street Extension Assessment District 1976-1, City of Redding, Shasta County, California. 2. First Party hereby employs Second Party as Special Bond Counsel and Second Party hereby agrees to accept said employment by First Party in said proceedings. Said services shall include the following: a. Such preliminary consultations and advice as are necessary with First Party officials, or First Party officials and groups not comprised of First Party officials, to determine the best proceedings to be taken and what district is to be formed; b. Preparation of any and all proceedings from the time of commencement of formal proceedings by petition or action of the governing body of First Party through to consummation of the pro- ceedings and sale of the special assessment bonds which may be issued in connection with said proceedings; c. Complete supervision of all stages of the pro- ceedings and attendance at such public and pri- vate meetings as are necessary to carry the project through to completion; d. Second Party is to be available for consulta- tion by First Party officials, groups and/or individuals for information and consultation with relation to such proceedings by telephone or otherwise if it can be arranged; -1- !E e. Second Party agrees that there shall be included in the amount of the fee provided to be paid opinion to the purchaser or purchasers of bonds which may be issued in the proceedings. 3. The fee provided for herein does not include out- of-pocket expenses of Second Party for transportation, communica- tion or other out-of-pocket expenses, or for any services in con- nection with litigation. 4. Second Party shall receive as compensation for the services herein agreed to be provided the sum of three per cent (3%) of the project costs. "Project Cost" is defined to include construction costs, acquisition costs, utility deposits and con- tingency funds as shown on the final Engineer's Report and Esti- mate of Cost approved by First Party and on file in the proceed- ings at the time of confirmation of the assessment district. "Project Cost" shall not include: (a) Incidental expenses; (b) The amount of any bond discount. In no event shall said compensation be less than $1,500.00. Said compensation shall be payable from the proceeds of assessments levied in said proceedings based upon the figures en- umerated above and shall be payable upon receipt of money from the proceeds of assessments levied. 5. The fee herein provided for shall not include any services in connection with acquisition of rights-of-way or proceed- ings in eminent domain. Any services rendered by Second Party in connection with the acquisition of land for rights-of-way or eminent domain proceedings, including all costs in connection with such acquisitions, shall be paid for in addition to fees herein provided for, and shall be payable in the same manner as other fees. 6. Second Party certifies that it has no interest, either direct or indirect, in any property or matter involved in the -2- proceedings referred to in this contract other than the fees herein specified and for the purposes herein. specified. Said Second Party further certifies that it represents no property owner within the boundaries of said proposed assess- ment district for any purpose, directly or indirectly, other than the services rendered as Second Party, in accordance with the terms of this contract. 7. In the event said proceedings are not carried through to conclusion, or shall be abandoned, then Second Party shall receive nothing. IN WITNESS WHEREOF, the parties hereto have hereunto sub- scribed their names, First Party by the Mayor of said City of Redding, attested by its City Clerk, the day and year in this agreement first above written. CITY OF EDDING, a municipal corpora- tion o the State of California By .[� "71107 Mayor ATTEST: MILDRED L. BRAYTON, City/Cl erk Ely ll "First Party" STURGIS, NESS & BRUNSELL a professional corporation "Second Party" -3-