HomeMy WebLinkAboutCC RESO 2021-79RESOLUTION NO. 2021 - 79
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY, CALIFORNIA,
AUTHORIZING THE MAYOR TO EXECUTE THE SECOND AMENDMENT TO THE
AGREEMENT BY AND BETWEEN THE CITY OF NATIONAL CITY AND NHA ADVISORS,
LLC FOR MUNICIPAL ADVISORY SERVICES, EXTENDING THE AGREEMENT TO
DECEMBER 31, 2021
WHEREAS, the City of National City ("City") desired to engage a consultant for
municipal advisory services and determined that NHA Advisors, LLC, is an investment advisor
registered with the Securities and Exchange Commission ("SEC") under the Investment
Advisers Act of 1940, and is qualified by experience and ability to perform the services desired
by the City; and
WHEREAS, on January 17, 2017, the City entered into an Agreement with NHA
Advisors, LLC to perform such services for a period of January 17, 2017 through December
31, 2019 with an option to extend for two (2) additional one-year terms; and
WHEREAS, on January 21, 2020 per Resolution No. 2020 — 07, the City executed the
first amendment to extend the Agreement for a one year term ending December 31, 2020;
and
WHEREAS, City staff seeks approval to execute the second amendment to extend
the Agreement for an additional one year term ending December 31, 2021.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF NATIONAL CITY,
CALIFORNIA, DOES RESOLVE, DECLARE, DETERMINE, AND ORDER AS FOLLOWS:
Section 1: Authorizes the Mayor to execute the second amendment to extend the
Agreement with NHA Advisors, LLC, for a one year term ending December 31, 2021 for
municipal advisory services for the City.
Section 2: The City Clerk shall certify to the passage and adoption of this
Resolution and enter it into the book of original Resolution.
PASSED and ADOPTED this day 15th day of June
Alejan. a Sotelo-Solis, Mayor
ATT ST: �I j}
Luz olina, City
lerk
APPROVED AS TO FOR
Charles E. Bell Jr., C,.rt''/Attorney
Passed and adopted by the Council of the City of National City, California, on June 15,
2021, by the following vote, to -wit:
Ayes: Sotelo-Solis, Rodriguez, Bush, Morrison, Rios.
Nays: None.
Absent: None.
Abstain: None.
AUTHENTICATED BY: ALEJANDRA SOTELO-SOLIS
Mayor of the City of National City, California
LUZ MOLINA
City Clerk of the City of National City, California
BY: j
Shelley Chapel,i MI
Deputy
10
City Clerk
I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION NO. 2021-79 of the City of National City, California, passed and adopted
by the City Council of said City on June 15, 2021.
1 w
L olina City