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HomeMy WebLinkAbout1990-07-24 - AGENDA REPORTS - GOLDEN VALLEY ASMT CONSULTANT (2)0 CONSENT CALENDAR DATE: July 24, 1990 0 AGENDA REPORT City Manager Approv Item to be presented by: Andrea Daroca SUBJECT: Proposed Golden Valley Assessment District Consultants Resolution -,Number: 90-146 DEPARTMENT: Finance FYI/ BACKGROUND According to the City of Santa Clarita's Policy on Infrastructure Financing, any developer interested in having staff analyze a city supported financial proposal must make a deposit of monies in advance to cover the costs of analysis staff feels applies to any given -project. These funds are recouped from bond proceeds once issued. As you will recall, two staff reports have come before Council pertaining to the Golden Valley Assessment District. Attached is a letter of agreement.signed by all five developers (G.H. Palmer & Assoc., Amcal Diversified Corporation, Showcase Homes, Hunt/Heeber, Watt/Parker - Exhibit D) participating in the proposed district stating they will pay upfront for these costs. The district is presently at the point where the bond counsel, appraiser and absorptionist are ready to perform their duties. These consultants were selected as the result of a request for proposal process performed by the City. Attached is a Resolution appointing consultants and the three consultants' agreements for the proposed Assessment District. The funds have been received in advance from the five developers who are participating, so funds are available to pay for these consultants. That City Council adopt Resolution No. 90-146 and allow the mayor to sign the agreements for the bond counsel, appraiser and absorptionist to perform services for the proposed Golden Valley Assessment District. ATTACHMENTS Resolution 90- 146 Agreement for Appraisal Services, Gary L Vogt and Associates Agreement for Legal Services, Jones Hall Hill & White Absorption study, Gobar and Associates Letter agreement city/developers on Golden Valley Assessment District Adopted: 7 --�2 IV -90 Agenda Item: r RESOLUTION -NO. 90-146 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA CLARITA, CALIFORNIA MAKING CERTAIN PROFESSIONAL APPOINTMENTS FOR ITS PROPOSED GOLDEN VALLEY ASSESSMENT DISTRICT AND DIRECTING THAT CERTAIN ACTS BE TAKEN IN FURTHERANCE OF THE DISTRICT'S FORMATION WHEREAS, the City Council ("City Council") of the City of Santa Clarita ("City") is proposing to proceed with financing relating to the proposed construction of certain road improvements, including, but not limited to, construction of sewer and water mains, traffic controls, and park site, pursuant to the Municipal Improvement Act of 1913, and the Improvement Bond Act of 1915, within proposed Golden Valley Assessment District ("Project"); WHEREAS, pursuant to the City's Policy for Infrastructure Financing, the landowners within the proposed assessment district have deposited and will deposit funds with the City to compensate for all costs incurred to analyze the proposal, conduct the proceedings and pay the consultants for work related to the proposed assessment district. -1- pdt/RES21423 I / A / 0 4P WHEREAS, it is in the best interest of the City, is in the public interest and is for the public benefit that the .City set forth the expectation of reimbursement from the proceeds of such proposed financing; NOW, THEREFORE, IT IS HEREBY RESOLVED, DETERMINED AND DECLARED by the City Council of the City of Santa Clarita, California as follows: SECTION 1. Any payments made by the City from its General Fund and from deposits of the landowners within the proposed assesment district in connection with the Project prior to the consummation of the proposed assessment financing or other tax-exempt financing means are intended to be made strictly in anticipation of reimbursement therefor from the proceeds of such financing. SECTION 2. That the firm of Gary L. Vogt & Associates, Inc. is hereby designated and appointed Appraiser and employed to do and perform a written appraisal report necessary in and for the proceedings of the proposed assessment district, as further described and set forth in the agreement attached hereto as Exhibit A. Such agreement is hereby approved and the Mayor is authorized to execute the agreement on behalf of the City. pdt/RES21423 L_ -2- E 4P SECTION 3. That the firm of Jones Hall Hill & White, Attorneys at Law, is hereby designated and appointed special counsel with respect to the proceedings for the proposed assessment district and is employed to perform all legal work relating to said assessment proceedings, as further described and set forth in the agreement attached hereto as Exhibit B. Such agreement is hereby approved and the Mayor is authorized to execute the agreement on behalf of the City. SECTION 4. That the firm of Alfred Gobar Associates is hereby designated and appointed Absorption Specialist with respect to the proceedings for the proposed assessment district, as further described and set forth in the agreement attached hereto as Exhibit C. Such agreement is hereby approved and the Mayor is authorized to execute the agreement on behalf of the City. SECTION 5. The Mayor and the City Manager are hereby authorized and directed to do any and all things and take any and all actions which may be necessary or advisable in accordance with this Resolution. -3- pdt/RES21423 0 IR SECTION 6. The City Clerk shall shall certify the adoption of this Resolution and thenceforth and thereafter same shall be in full force and effect. PASSED, APPROVED AND ADOPTED this day of , 1990. MAYOR ATTEST: CITY CLERK I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the City Council of the City of Santa Clarita, at a regular meeting thereof, held on the day of 1990, by the.following vote of the Council: AYES: COUNCILMEMBERS NOES: COUNCILMEMBERS ABSENT: COUNCILMEMBERS -4- pdt/RES21423 CITY CLERK