HomeMy WebLinkAboutSA RESO 2017-86RESOLUTION NO. 2017 — 86
�Iftw RESOLUTION OF THE SUCCESSOR AGENCY
TO THE COMMUNITY DEVELOPMENT COMMISSION AS
THE NATIONAL CITY REDEVELOPMENT AGENCY
AUTHORIZING THE CHAIRMAN TO EXECUTE
A FIRST AMENDMENT TO AGREEMENT WITH NHA ADVISORS, LLC,
FOR MUNICIPAL ADVISORY SERVICES FOR THE PERIOD
JANUARY 17, 2017 THROUGH DECEMBER 31, 2019
WITH TWO ADDITIONAL ONE-YEAR OPTIONS
WHEREAS, the Board of the Successor Agency to the Community Development
Commission as the National City Redevelopment Agency, adopted Resolution No. 2017-82 at
their meeting of January 17, 2017, authorizing the Executive Director to execute an Agreement
with NHA Advisors, LLC, to provide municipal advisory services through December 31, 2019,
with two additional one-year options; and
WHEREAS, the parties have agreed to amend Subsections "A" and "C" of
Section 17 of the Agreement pertaining to Professional Liability and Commercial General
Liability insurance coverage, and to add Subsection "J" to Section 17 of the Agreement
pertaining to the periodic adjustment of limits of insurance coverage.
NOW, THEREFORE, BE IT RESOLVED that the Successor Agency to the
Community Development Commission as the National City Redevelopment Agency hereby
authorizes the Chairman to execute a First Amendment to Agreement with NHA Advisors, LLC,
to amend Subsections "A" and "C" of Section 17 of the Agreement pertaining to Professional
Liability and Commercial General Liability insurance coverage, and to add Subsection "J" to
Section 17 of the Agreement pertaining to the periodic adjustment of limits of insurance coverage.
PASSED and ADOPTED this 7th day of February
//"A
Morrison, Chairman
ATTEST:
N
Mic ael R. Dalla, Oty Clerk as
Secretary to the Successor Agency
APPROVED AS TO FORM:
�jzot1
George H. -iser, III
Interim Successor Agency Counsel
Passed and adopted by the Successor Agency to the Community Development
Commission as the Redevelopment Agency of the City of National City, California, on
February 7, 2017 by the following vote, to -wit:
Ayes: Boardmembers Cano, Mendivil, Morrison, Rios, Sotelo-Solis.
Nays: None.
Absent: None.
Abstain: None.
AUTHENTICATED BY: RON MORRISON
Chairman of the Successor Agency to the
Community Development Commission
as the Redevelopment Agency of the
City of National City, California
M
Clerk ServinVas Secretary
to the Successor Agency
I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2017-86 of the Successor Agency to the Community Development
Commission as the Redevelopment Agency of the City of National City, California,
passed and adopted on February 7, 2017.
IIn
City Clerk Serving as Secretary
to the Successor Agency
Deputy