HomeMy WebLinkAboutRDA RES 068RESOLUTION NO. 68
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF PALM DESERT, CALIFORNIA, AUTHORIZING
THE AGENCY CHAIRMAN TO EXECUTE A CONTRACT FOR
FINANCIAL CONSULTING SERVICES WITH THE FIRM OF
STONE & YOUNGBERG OF LOS ANGELES, CALIFORNIA.
WHEREAS, the Redevelopment Agency has master planned long-range
improvements in the Redevelopment Project Area; and
WHEREAS, the said improvements require bond funding for implementa-
tion; and
WHEREAS, a special financial consultant is required in order to
implement such a program; and
WHEREAS, several qualified financial consulting firms have been
interviewed by the Agency members; and
WHEREAS, the firm of STONE AND YOUNGBERG has been deemed by the
Interview Board to have demonstrated competency and success in the field
of Redevelopment Bond Sales; and
WHEREAS, the firm of STONE AND YOUNGBERG has agreed to perform such
services for 1% of the Bond Sales proceeds, a favorable rate when compared to
that of other firms.
NOW, THEREFORE, BE IT RESOLVED that the Agency Chairman be directed
to execute a Contract for Personal Services with the firm of STONE AND
YOUNGBERG.
PASSED, APPROVED, and ADOPTED on this 13th day of October
1977, by the following vote, to wit:
AYES: Brush, McPherson, Newbrander, Wilson & Mullins
NOES:
ABSENT:
ABSTAIN:
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RD D. MULLINS, HAIRMAN
ATTEST:
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SHEILA R. GILL GAN, Se tary to the
PALM DESERT REDEVELOP NT AGENCY
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