CC Resolution 9548
RESOLUTION NO.
9548
1999-ll
A JOINT RESOLUTION OF THE CITY OF CAMPBELL CITY COUNCIL AND THE
CITY OF CAMPBELL REDEVELOPMENT AGENCY BOARD
APPOINTING STONE & YOUNGBERG LLC AS UNDERWRITER AND
JONES HALL HILL & WHITE, A PROFESSIONAL LAW CORPORATION, AS BOND
COUNSEL AND DISCLOSURE COUNSEL IN ASSISTING THE AGENCY IN
STRUCTURING A BOND FINANCING FOR A DOWNTOWN PUBLIC PARKING
FACILITY AND IMPLEMENTATION OF THE CENTRAL CAMPBELL
REDEVELOPMENT PLAN
WHEREAS, the City of Campbell City Council adopted the Central Campbell
Redevelopment Plan by Ordinance 1461 adopted June 21, 1983, as amended by the First
Amended and Restated Central Campbell Redevelopment Plan adopted by Ordinance No. 1830
adopted January 15, 1991, as further amended by the Second Amended and Restated Central
Campbell Redevelopment Plan adopted by Ordinance 1860 on June 16, 1992 (collectively the
"Redevelopment Plan"), establishing the Central Campbell Redevelopment Project Area (the
"Project Area"); and
WHEREAS, the Agency has adopted a seven year Capital Improvement Program (CIP)
identifying projects to be completed in furthering the implementation of the Redevelopment
Plan including but not limited to the design and construction of a downtown parking facility,
streetscape improvements along Campbell Avenue between the railroad tracks and the freeway
overpass, streetscape improvements around the loop streets and Vasona Light Rail Station
enhancements; and
WHEREAS, the Agency intends to use tax allocation bond financing to assist in
financing the implementation of these projects within the Redevelopment Plan; and
WHEREAS, the first step in the process is to appoint the finance team selected to
structure the financing; and
WHEREAS, in consideration of our strong working relationship with Stone &
Youngberg LLC, which has served as the City/Agency's bond underwriters since 1991
including the most recent financing of the 1997 COPs; and
WHEREAS, Jones Hall Hill & White, A Professional Law Corporation, has served
as bond and disclosure counsel to the City/Agency since 1985 when the initial COP financing
was structured for acquisition of the Community Center;
NOW, THEREFORE, BE IT RESOLVED, that Stone & Youngberg LLC be
appointed to the finance team as bond underwriters and Jones Hall Hill & White, be appointed
as bond and disclosure counsel in structuring the proposed bond financing for the design,
.
engineering and construction of a new downtown public parking facility and further
implementation of the Redevelopment Plan.
PASSED AND ADOPTED, this 15th day of June, 1999 by the following roll call vote:
AYES:
NOES:
ABSTAIN:
ABSENT:
Boardmembers/CoUncilmembers: Watson, Dougherty, Dean, Kennedy, Watson
Boardmembers/Councilmembers: None
Boardmembers/Councilmembers: Non~e !s
Boardmembers/Cauncilmembers, Nan - '\ .i.. \
APPROVE '___~__~~
Daniel Furtado, Chairperson
ATTEST: ~ &~-'--
Anne Bybee, Agency Secretary