CITY OF HOMER

HOMER, ALASKA

                                                                                                     City Manager

RESOLUTION 08-03

 

A RESOLUTION OF THE CITY COUNCIL OF HOMER, ALASKA, AUTHORIZING AND APPROVING AN ENGAGEMENT LETTER IN THE AMOUNT OF $13,750 PLUS COSTS WITH THOMAS F. KLINKNER AS BOND COUNSEL FOR THE PROPOSED CITY HALL-TOWN SQUARE GENERAL OBLIGATION BOND SALE AND SPECIAL ELECTION.

 

            WHEREAS, The Homer City Council has determined that it is in the best interest of the City to sell General Obligations Bonds in an amount not to exceed $6 Million Dollars in order to provide a portion of the financing for the City Hall-Town Square Project; and

 

            WHEREAS, Specialized legal services are required when municipalities sell general obligation bonds; and

 

            WHEREAS, Thomas F. Klinkner is recognized as one of the most experienced and qualified bond counsels in the state; and

 

            WHEREAS, Mr. Klinkner has presented the City with a proposed Engagement Letter which outlines the legal services to be provided with respect to the bond sale; and

 

            WHEREAS, The City Manager has reviewed the Engagement Letter and recommends approval.

 

            NOW, THEREFORE, BE IT RESOLVED that the Homer City Council hereby approves and authorizes the Engagement Letter with Thomas F. Klinkner in the amount of $13,750 plus direct costs; a copy of which is attached and incorporated herein.

 

            PASSED AND ADOPTED by the Homer City Council this 14th day of January, 2008.

 

                                                                        CITY OF HOMER

 

                                                                        _____________________________

                                                                        JAMES C. HORNADAY, MAYOR

 

ATTEST:

 

______________________________

JO JOHNSON, CMC, CITY CLERK

 

Fiscal Note: $13,750 plus cost estimated to be no more than $2,500. Charged to the project.