(1) Adoption of a Resolution Authorizing Actions as Required by AB 1484 to Undertake Refunding of Outstanding 1999 Series A 2002 Series A 2004 Series A 2005 Series A and 2011 Series A & B Tax Allocation Bonds and (2) Adoption of a Resolution Approving a Professional Services Agreement with Keyser Marsten Associates in an Amount Not To Exceed $28 000. City of Culver City California Agenda Item Report Meeting Date: 07/13/2015 BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE CULVER CITY REDEVELOPMENT AGENCY AGENDA ITEM: (1) Adoption of a Resolution Authorizing Actions as Required by AB 1484 to Undertake Refunding of Outstanding 1999 Series A 2002 Series A 2004 Series A 2005 Series A and 2011 Series A & B Tax Allocation Bonds and (2) Adoption of a Resolution Approving a Professional Services Agreement with Keyser Marsten Associates in an Amount Not To Exceed $28 000. Contact Person/Dept.: Jeff Muir Finance Fiscal Impact: Yes X No Phone Number: (310) 253 5865 General Fund: Yes No X Item Number: C 2 Public Hearing: Action Item: Attachments: X Commission Action Required: Yes No X Date: _______________ Public Notification: (E Mail) Meetings and Agendas Successor Agency (07/08/15) Department Approval: Jeff Muir (07/07/15) Chief Financial Officer Approval: Jeff Muir (07/07/15) Successor Agency General Counsel Approval: Carol Schwab (by H. Baker) (07/07/15) Executive Director Approval: John Nachbar (07/07/15) RECOMMENDATION: Staff recommends the Successor Agency Board (1) adopt a resolution authorizing Successor Agency staff to take the necessary actions as required by AB 1484 to refund outstanding 1999 Series A 2002 Series A 2004 Series A 2005 Series A and 2011 Series A&B Tax Allocation Bonds issued by the former Culver City Redevelopment Agency (Former CCRA) and (2) adopt a resolution approving a professional services agreement with Keyser Marsten Associates in an amount not to exceed $28 000. BACKGROUND: With the dissolution of redevelopment agencies pursuant to state law ...
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