CONSIDER RESOLUTION NO. 20-02-CSA, A RESOLUTION OF THE SUCCESSOR AGENCY TO THE CARSON REDEVELOPMENT AGENCY AUTHORIZING THE ISSUANCE OF BONDS IN A PRINCIPAL AMOUNT NOT TO EXCEED $90,000,000 TO FULFILL AN ENFORCEABLE OBLIGATION TO ASSIST IN THE REMEDIATION OF CERTAIN CONTAMINATED PROPERTY PURSUANT TO AN OWNER PARTICIPATION AGREEMENT, AS IMPLEMENTED AND SUPPLEMENTED BY A SETTLEMENT AGREEMENT, AUTHORIZING THE EXECUTION AND DELIVERY OF AN INDENTURE OF TRUST, A BOND PURCHASE AGREEMENT AND A CONTINUING DISCLOSURE AGREEMENT, APPROVING THE PRELIMINARY OFFICIAL STATEMENT AND THE FINAL OFFICIAL STATEMENT, AND AUTHORIZING TAKING OTHER ACTIONS RELATED THERETO; AND, RESOLUTION NO. 20-03-CSA, AUTHORIZING THE ISSUANCE OF BONDS TO REFUND CERTAIN OUTSTANDING BONDS OF THE FORMER REDEVELOPMENT AGENCY, AUTHORIZING THE EXECUTION AND DELIVERY OF AN INDENTURE OF TRUST, A FIRST SUPPLEMENTAL INDENTURE, BOND PURCHASE AGREEMENTS, ESCROW AGREEMENTS AND CONTINUING DISCLOSURE AGREEMENTS, APPROVING THE PRELIMINARY OFFICIAL STATEMENT AND THE FINAL OFFICIAL STATEMENT, AND AUTHORIZING TAKING OTHER ACTIONS RELATED THERETO; AND, AMENDMENT NO. 3 TO AN AGREEMENT FOR CONTRACT SERVICES WITH DHA CONSULTING, LLC FOR FINANCIAL CONSULTANT SERVICES RELATED TO THE 2020 BOND ISSUES IN AN AMOUNT NOT TO EXCEED $50,000; AND, A CONTINGENT PAYMENT OF $7,500 TO HARRELL & COMPANY ADVISORS FOR THE PREPARATION OF BOND DOCUMENTS RELATED TO 2020 SERIES C BONDS IF THE BONDS ARE NOT ISSUED (SUCCESSOR AGENCY)

Committee

City Council

Requested by

City Manager's Office

Introduced

December 9, 2019

On agenda

January 28, 2020