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HomeMy WebLinkAboutQUINT & THIMMIG, LLP - 2004-04-05 77— Ic. TY OF HUNTINGTON BEA%; MEETING DATE: April 5, 2004 DEPARTMENT ID NUMBER: AS-04-01 0 Council/Agency Meeting Held: Deferred/Continued to: XApproved Ll Conditionally Approved Ll Denied 15p, CiWC rk'sOign urry Council Meeting Date: April 5, 2004 Departm"t Number: Aq-0 4_Q 10 7 L'J CITY OF HUNTINGTON BEACH REQUEST FOR ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COUNCIL SUBMITTED BY: RAY SILVER, CITY ADMINISTRATOR JENNIFER McGRATH, CITY ATTORNE PREPARED BY: JENNIFER McGRATH, CITY ATTORNE CLAY MARTIN, DIRECTOR OF ADMINISTRATIVE SERVICES SUBJECT: SELECTION OF BOND AND DISCLOSURE COUNSEL FOR BONDS TO FUND PROPERTY TAX OVERRIDE REFUNDS Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis, Environmental Status,Attachment(s) Statement of Issue. Should the city approve an agreement with Jones Hall, A Professionai Law Corporation, to serve as bond counsel in connection with the sale of judgment bonds to fund property tax override refund claims, and an agreement with Quint & Thimmig, LLP, to serve as disclosure counsel relating to the issuance of the same bonds? Funding Source: Funding for Jones Hall bond counsel services (not-to-exceed $70,000, inclusive of costs) and Quint & Thimmig's disclosure counsel services ($25,000, inclusive of costs) will be included as part of the cost of issuing the bonds. Recommended Action: Authorize the Mayor and City Clerk to execute the agreements with Jones Hall, A Professional Law Corporation and Quint & Thimmig, LLP, to serve as bond counsel and disclosure counsel respectively. Alternative Action(s): Do not authorize the Mayor and City Clerk to execute the agreements and provide staff with appropriate direction. GARCA\Bond Counsel RCA.doc 3/30/2004 8:24 AM REQUEST FOR ACTION` MEETING DATE: April 5, 2004 DEPARTMENT ID NUMBER: AS-04-010 Background: At its November 3, 2003 meeting, the City Council directed the City Administrator to begin preparations to issue bonds to fund property tax override refunds. Staff immediately began working to assemble the consultant team that will assist the City in issuing judgment bonds. The consultant team will consist of five experts: Financial Advisor, Bond Counsel, Disclosure Counsel, Underwriter, and Trustee. Bond Counsel advises and assists the City in developing and executing the financing plan, and, in particular: (1) prepares all legal documents required for issuance and sale of the Bonds, (2) issues an Opinion that the interest paid on the bonds is exempt from federal and state taxes, and (3) represents the City in a "validation" lawsuit to establish that issuance of the bonds is legally permissible because payment of the tax refunds is an "obligation, imposed by law." Disclosure Counsel's chief function is to prepare the bond offering documents to ensure that the bond purchasers are fully informed as to the nature and risks of the bonds. More specifically, Disclosure Counsel provides the following services: (1) prepares the Official Statement and other disclosure documents in connection with the offering of the Bonds, (2) prepares the bond purchase contract pursuant to which the Bonds will be sold to the underwriter, and (3) provides a letter addressed to the underwriter of the Bonds regarding the completeness and fairness of the statements contained in the Official Statement. Bond and Disclosure Counsel Selection On November 21, 2003 the City issued a Request for Qualifications (RFQ) to bond and disclosure counsel firms. The City received responses to its RFQ from the following firms: 1. Jones Hall 2. Orrick, Herrington & Sutcliffe 3. Quint & Thimmig, LLP 4. Best Best & Krieger, LLP 5. Fulbright & Jaworski, LLP After reviewing the responses to the RFQ, three firms -- Jones Hall, Orrick, Herrington and Quint & Thimmig -- were invited to participate in interviews with the Assistant City Administrator, Director of Administrative Services, Assistant City Attorney, the Principal Administrative Analyst from the City Administrator's Office, the Senior Administrative Analyst in the Administrative Services Department, and the Financial Advisor. The interview panel voted to recommend Jones Hall for bond counsel and Quint & Thimmig as disclosure counsel because of their previous experience in assisting other agencies with judgment bonds. Jones Hall assigned Charles F. Adams, Attorney at Law, as Bond Counsel. Mr. Adams has approximately 23 years of municipal bond experience and joined Jones Hall in 1979. He has practiced municipal bond law continuously since 1976 with experience in all areas G:\RCA\Bond Counsel RCA.doc 4- 3/30/2004 8:24 AM OZ- ' REQUEST FOR ACTION` - MEETING DATE: April 5, 2004 DEPARTMENT ID NUMBER: AS-04-010 of municipal financing as bond counsel, and is the only attorney with specific experience with judgment bonds. Brian Quint of Quint & Thimmig will serve as disclosure counsel. Mr. Quint has represented the City in numerous prior bond sales, and will be particularly able to provide a full and fair offering statement. Bond Counsel Costs Jones Hall will provide all bond counsel services necessary for a successful judgment obligation bond issuance using the following fee schedule: • One-half of one percent (.5%) of the first $5 million principal amount or $25,000. • One-quarter of one percent (25%) of the next $10 million principal amount or $25,000. • One-eighth of one percent (.125%) for the remaining principal amount. Based on a $25 million bond issuance the approximate fee to Jones Hall will be $62,500. Jones Hall will be reimbursed for actual expenses including travel, meals, communications, reproduction, and outside graphics, up to $2,000.00 Disclosure Counsel Costs Quint & Thimmig, LLP, will provide all disclosure counsel services necessary for a successful judgment obligation bond issuance for a flat fee of $25,000, inclusive of costs. Total Costs Funding for Jones Hall bond counsel services and Quint & Thimmig disclosure counsel services will be included as part of the cost of issuing bonds. Next Steps At the March 1, 2004 City Council Meeting the City Council approved the selection of Public Financial Management (PFM) as the city's Financial Advisor. Once the Financial Advisor, Bond Counsel and Disclosure Counsel are in place, staff will request the Council to authorize the issuance of judgment bonds at its April 19, 2004 meeting. Attachment(s): City Clerk's Page Number No. Description Professional Service Agreement with Jones Hall, A Professional Law Corporation 2 Professional Service Agreement with Quint & Thimmig, LLP RCA Author: William McReynolds G:\RCA\Bond Counsel RCA.doc -4- 3/30/2004 8:24 AM 3 i - • CITY OF HUNTINGTON BEACH 2000 MAIN STREET CALIFORNIA 92648 OFFICE OF THE CITY CLERK CONNIE BROCKWAY CITY CLERK LETTER OF TRANSMITTAL OF ITEM APPROVED BY THE CITY COUNCIL/ REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH DATE: �K/L �Z, TO: U-141— �� w melz(' ATTENTION-�,7 fVAJ4_ZC &4. Nm ��jtJE �� D �7E• o��an DEPARTMENT: Street /� i` ClJClJ. Cf'�— 95////-j?LJ:7- REGARDING: city,State zip _ � �� ©P o✓�,a��P�•�d See Attached Action Agenda Item Date of A .� s �_ Approval Enclosed For Your Records Is An Executed Copy Of The Above Referenced Agenda Item. Remarks: dm rliei Connie Brockway City Clerk Attachments: Action-Agenda Page 1% Agreement 'Bonds Insurance RCA Deed Other CC: MG 611e� 3 Na�q' ��� Dep ent A-) RCA •Agreement Insurance Other (7 ,j ✓' Nam" ,1Y1 Depar ent RCA Agreement Insurance Other Na Department RCA Agreement Insurance Other Name Department RCA Agreement Insurance Other g:/followup/letters/coverltr.doc (Telephone:714-536-5227) • i AGREEMENT BETWEEN THE CITY OF HUNTINGTON BEACH AND QUINT & THIMMIG, LLP,ATTORNEYS AT LAW, FOR DISCLOSURE COUNSEL SERVICES REGARDING PROPERTY TAX OVERRIDE REFUNDS PURSUANT TO HOWARD JARVIS TAXPAYERS v. CITY OF HUNTINGTON BEA CH Table of Contents Section Page 1 Employment 1 2 Fees 1 3 Reporting 1 4 Termination 2 5 Hold Harmless 2 6 Independent Contractor 2 7 Workers' Compensation 2 8 Professional Liability Insurance 3 9 Certificates of Insurance 4 10 Responsible Attorney . 4 11 Delegation 4 12 Modification 5 13 City Employees and Officials. 5 14 Immigration 5 15 Nondiscrimination 5 16 Notices 5 17 Entire Agreement 6 AGREEMENT BETWEEN THE CITY OF HUNTINGTON BEACH AND QUINT & THIMMIG,LLP,ATTORNEYS AT LAW, FOR DISCLOSURE COUNSEL SERVICES REGARDING PROPERTY TAX OVERRIDE REFUNDS PURSUANT TO HOWARD JARVIS TAXPAYERS v. CITY OF HUNTINGTON BEA CH THIS AGREEMENT is made and entered into this day of 1Q/�— , 2004, by and between the CITY OF HUNTINGTON BEACH ("City") and QUINT & THIMMIG, LLP, Attorneys at Law("Legal Counsel"). WHEREAS, City desires to employ disclosure counsel in connection with the issuance of Certificates of Participation to fund property tax override refunds pursuant to Howard Jarvis Taxpayers v. City of Huntington Beach, 110 Cal.AppAth 1375 ("Project"); Legal Counsel represents that it is ready, willing and able to provide the legal services to the City; NOW, THEREFORE,the parties hereto mutually agree as follows: SECTION 1. Employment. City hereby employs Legal Counsel and Legal Counsel hereby accepts such employment to serve as disclosure counsel to the City in connection with the issuance of Certificates of Participation to fund property tax override refunds pursuant to Howard Jarvis Taxpayers v. City of Huntington Beach. In serving as disclosure counsel for the City, Legal Counsel shall perform.the services described in the Scope of Services attached hereto as Exhibit A. SECTION 2. Fees. Legal Counsel's fee for serving as disclosure counsel shall be Twenty-five Thousand Dollars ($25,000), inclusive of all costs. SECTION 3. Reporting. In performing legal services under this Agreement, Legal Counsel shall work under the direction and control of the City Attorney and shall not render additional legal services other than those specified in this Agreement without the advance 1 04Agree/Quint&Thimmig/Disclosure Counsel—Jarvis v.CHB/3/15/2004 concurrence of the City Attorney. Legal Counsel shall consult with the City Attorney on the strategy and conduct of the case and shall not file any motions without prior approval of the City Attorney. SECTION 4. Termination. This Agreement may be terminated by the City at any time by giving written notice to Legal Counsel with or without cause. In the event.of termination, all finished and unfinished documents, pleadings, exhibits, reports,.and evidence shall, at the option of the City, become its property and shall be delivered to it by Legal Counsel. SECTION 5. Hold Harmless. Legal Counsel•shall protect, defend, indemnify and hold harmless City,.its officers, officials, employees and agents from and against any and all liability, loss, damage, expenses, costs (including without limitation costs and fees of litigation of every nature) arising out of or in connection with Legal Counsel's performance of this Agreement or its failure to comply with any of its obligations contained in this Agreement, except such loss or damage which was caused by the negligence or willful misconduct of the City. SECTION 6. Independent Contractor. Legal Counsel is, and shall be, acting at all .times in the performance of this Agreement as an independent contractor herein and not as an employee of City. Legal Counsel shall secure at its expense and be responsible for any and all payment of income tax, social security, state disability insurance compensation, unemployment compensation, Workers' Compensation, and payroll deductions for Legal Counsel and its officers, agents and employees, and all business licenses, if any, in connection with the services to be performed hereunder. SECTION 7. Workers' Compensation. Legal Counsel shall comply with all of the provisions of the Workers' Compensation Insurance and Safety Acts of the State of California, the applicable provisions of Division 4 and 5 of the California Labor Code and all amendments 2 04Agree/Quint&Thimmig/Disclosure Counsel—Jarvis v.CHB/3/15/2004 thereto; and all similar state or federal acts or laws applicable; and shall indemnify, defend and hold harmless City from and against all claims, demands,payments, suits, actions, proceedings and judgments of every nature and description, including attorneys' fees and costs presented, brought or recovered against City, for or on account of any liability.under any of said acts which may be incurred by reason of any work to be performed by Legal Counsel under this Agreement. SECTION 8. Professional Liability Insurance. Legal Counsel shall furnish a professional liability insurance policy covering the work performed by it hereunder. Said policy shall provide coverage for Legal Counsel's professional liability in an amount not less than $10,000,000 per occurrence and in the aggregate. A claims made policy shall be acceptable if the policy further provides that: 1. The policy retroactive date coincides with or precedes the professional services contractor's start of work (including subsequent policies purchased as renewals or replacements). 2. Legal Counsel will make every effort to maintain similar insurance during the required extended period of coverage following project completion, including the requirement of adding all additional insureds. 3. If insurance is terminated for any reason, Legal Counsel agrees to purchase an extended reporting provision of at least two (2) years to report claims arising from work performed in connection with this Agreement. 4. The reporting of circumstances of incidents that might give rise to future claims. Under no circumstances shall this insurance contain a self-insured retention, or a "deductible" or any other similar form of imitation on the required coverage in excess of $75,000. 3 04Agree/Quint&Thimmig/Disclosure Counsel—Jarvis v.CHB/3/15/2004 SECTION 9. Certificates of Insurance. Prior to commencing performance of the work hereunder, Legal Counsel shall furnish to City certificates of insurance subject to approval of the City Attorney evidencing the foregoing insurance coverages as required by this Agreement; said certificates shall: 1. provide the name and policy number of each carrier and policy; 2. shall state that the policy is currently in force; and 3. shall provide that such policies shall not be suspended, voided or canceled by either party, reduced in coverage or in limits except after thirty days prior written notice; however,ten days prior written notice in the event of cancellation for nonpayment of premium. Legal Counsel shall maintain the foregoing insurance coverages in force until the work under this Agreement is fully completed and accepted by City. The requirement for carrying the foregoing insurance coverages shall not derogate from the provisions for indemnification of City by Legal Counsel under the Agreement. City or its representative shall at all times have the right to demand the original or a copy of all said policies of insurance. Legal Counsel shall pay, in a prompt and timely manner, the premiums on all insurance hereinabove required. SECTION 10. Responsible Attorney. Legal Counsel hereby appoints BRIAN QUINT as the attorney primarily responsible for the services rendered hereunder. Primary responsibility for the work shall rest with BRIAN QUINT, and no work will be assigned to attorneys within the firm without the written consent of the City Attorney. SECTION I L _ Delegation. This Agreement is a personal services agreement, and the services provided hereunder shall not be performed by or delegated to any person or entity other than Legal Counsel without the express prior written approval of the City Attorney. 4 04Agree/Quint&Thimmig/Disclosure Counsel—Jarvis v.CHB/3/15/2004 SECTION 12. Modification. No waiver or modification of this Agreement or of any covenant, condition, or limitation herein contained shall be valid unless in writing and duly executed by the party to be charged therewith. SECTION 13. City Employees and Officials. Legal Counsel shall not employ any City official or any regular City employee in the work performed pursuant to this Agreement. No officer or employee of City shall have any financial interest in this Agreement in violation of California Government Code Section 1090, et seq. SECTION 14. Immigration. Legal Counsel shall be responsible for full compliance with the immigration and naturalization laws of the United States and shall, in particular, comply with the provisions of 8 U.S.C. § 1324a regarding employment verification. SECTION 15.- Nondiscrimination. Legal Counsel agrees not to discriminate against any person or class of persons by reason of sex, age, race, color, creed, physical handicap, or national origin in employment practices and in the activities conducted pursuant to this agreement, in accordance with Government Code § 19702. SECTION 16. Notices. Any notices or special instructions required to be given in writing under this Agreement shall be given either by personal delivery to Legal Counsel or to the City Attorney as the situation shall warrant, or by enclosing the same in a sealed envelope, postage prepaid, and depositing the same in the United States Postal Services, addressed as follows: TO CITY: TO LEGAL COUNSEL: Jennifer McGrath, City Attorney Brian Quint, Esq. City of Huntington Beach Quint& Thimmig 2000 Main Street One Embarcadero Center, Suite 2420 Huntington Beach, CA 92648 San Francisco, CA 94111-3737 Telephone: (714) 536-5555 Telephone: (415) 765-1550 Facsimile: (714) 374-1590 Facsimile: (415) 765-1555 5 04Agree/Quint&Thimmig/Disclosure Counsel—Jarvis v.CHB/3/15/2004 SECTION 17. Entire Agreement. This Agreement contains the entire agreement between the parties respecting the subject matter of this Agreement and supersedes all prior understandings and agreements, whether oral or in writing. IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by and through their authorized officers the day, month and year first above written. QUINT& THIMMIG,LLP CITY OF HUNTINGTON BEACH, a municipal corporation of the Stat of California By: f T print name Its: General Partner rty Clerk Z/--7-0 APPROVED AS TO FORM: City Attorney U REVIEWED AND APPROVED: Cif3rAdministrator 6 04Agree/Quint&Thimmig/Disclosure Counsel—Jarvis v.CHB/3/15/2004 EXHIBIT A SCOPE OF SERVICES As disclosure counsel, the firm will provide the following services: (i) Prepare the official statement (both preliminary and final) or other disclosure documents in connection with the offering of the Bonds; (ii) Confer and consult with the officers and administrative staff of the City as to matters relating to the official statement; (iii) Attend all meetings of the governing board of the City and any administrative meetings at which the official statement is to be discussed, deemed necessary by us for the proper exercise of our due diligence with respect to the official statement, or when specifically requested by the City to attend; (iv) On behalf of the city,prepare the bond purchase contract pursuant to which the Bonds will be sold to the underwriter of the Bonds; and (v) Subject to the completion of proceedings to our satisfaction,provide a letter addressed to the underwriter of the Bonds that, although we have not undertaken to determine independently or assume any responsibility for the accuracy, completeness or fairness of the statements contained in the official statement, in the course of our participation in the preparation of the official statement, we have been in contact with representatives of the City and others concerning the contents of the official statement and related matters, and based upon the foregoing, nothing has come to our attention to lead us to believe that the official statement (except for any financial, or statistical data or forecasts, numbers,charts, estimates,projections, assumptions or expressions of opinion included therein, and information relating to The Depository Trust Company and its book-entry system, as to which we need express no view) as _ of the date of the official statement or the date o the closing contains any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading. t: INSURANCE AND INDEMNIFICATION WAIVER MODIFICATION REQUEST 1. Requested by: Jennifer McGrath 2. Date: March 31, 2004 3. Name of contractor/permittee: Quint & Thimmig, LLP 4. Description of work to be performed: Counsel for Judgement Bond 5. Value and length of contract: 1 year 6. Waiver/modification request: 30 day cancellation clause wording 7. Reason for request and why it should be granted: Unable to delete language 8. Identify the risks to the City in approving this waiver/modification: City may not receive notice of cancellation. 3/31/04 Department d Signature Date: APPROVALS Approvals must be obtained in the order listed on this form. Two approvals are required for a request to be granted. Approval from the City Administrator's Office is only required if Risk Management and the City Attorney's Offi , `disagree. 1. Risk Management ;I,- �Approved El Denied 4- , Signature Date 2. Zpproved Cit Attorney's Office ❑ Denidd `3 AI L _ Signature Date 3. City Administrator's Office ❑ Approved El Denied Signature Date If approved, the completed waiver/modification request is to be submitted to the City Attorney's Office along with the contract for approval. Once the contract has been approved, this form is to be filed with the Risk Management Division of Administrative Services Documentl 3/31/2004 11:22 AM MAR-30-2004 02:43 JAFFE SCHLOSSBERG 415 386 6853 P.02 i a�oRr�M CERTIFICAft OF LIABILITY INSURA&E DATS(M 04YY) PRODUCER THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION Jaffe-Schlossberg, Inc. � ' �� ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AMEND,•EXTEND OR,' P: 0. Box 7207 ���� ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. San Francisco, CA 94120-7207 License # 0449994 INSURERS AFFORDING COVERAGE NAIC N INSURED INSVAERA* Hartford Insurance Com an Quint & Thimmig, LLP �/I� INSURERB.State Compensation Ins. Fund One Embarcadero Center, Suite #24 0 INSUAERC: San Francisco, CA 94111 INSUREAO: ' INsuAEa E: COVERAGES THE POLICIES OF INSURANCE LISTED SELOW.HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED.NOTWITHSTANDING ANY REQUIREMENT,TERM OR CONOITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CEFMFICA'7E•MAY BE ISSUED OR MAY PERTAIN,THE INSURANCE AFFORDED BY THE POLICIES DESCRI2E0 HEREIN IS SUBJECT TO ALL THE TEAMS,EXCLUSIONS AND CONDITIONS OF SUCH POLICIES.AGGREGATE LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS.: WSR= POLICYEFFECTIVp PO4CY EXPIRATION LT POLICY NUMBER LIMITS GENEF:ALUA8dM EACH CCURRENCE i2 O 00 ONAALICTU C0MMEACU%L.GENEAALUA6IUTY PA6MI5 Ea S BOO 000 CLAIMS MAOE JA J OCCUR MEO O(P *0e;6nj 10,000 PEASONAL&AOVINJURY S 2 00 O00 A A 57 SBA GUM 03/24/04 03/24/05 GENQAALAGoAEGATE s BEN'LAGOREGATELIMRAPPLIESPER: PROOUCTS-COMP/OPACG S POLICY PA, LOC AVTf�Mo81LE UJBILRV AWAUTO I(EC�NE�OSINOLEUMiT s 2,000,000 ALL'OWNED AUTOS LY INJURY A A SCHEDULED AUTOS 57 SBA GE2815 03/24/04 03/24/05 BOOI(Fe,penan) s HIREOAIITOS y.l. FORM BOOILYINJURY i A�44VV1ltt (Pe.Wrdenq NdJgWNEp AUTOS kFE y,C�^ ( PROPER'^'OAMAOE M Tuu (Pe�oaldenO GARAGEUADIUYY AUTO ONLY-EAAGCIDENT S ANYAUTO OTNEATWW EAACC S . AUTO ONLY: AGG 3 ' EXOESSAIMBRELLALIABIV" EACHOCCUARENCE S O 00 A A' X OCCUR CLAIMS MADE 57 SBA CE2815 03/24/04 03/24/05 ACtiGAEGATE s • s PDEDUCTIBLE S X ReTeMION I 10 000 $ WORKERS COMPENSATIO►/AND QR,,T�• c" L 00O 000 130PLOYERS'LIAWLRY E.L.EACHACt1DEHT S O OOO ANV PROPm APTNEWPXEC�JTIrE B OFFICER/MEmBv$%MBEREkCWOED7 Group # 537-01 04/01/04 04/01/05 E.L DISEASE-EAEMPLOYEE $ To,OL-c6Da undx SiECIALPPOVISIONSOe10w E.L01 5EASC POLICY LIMIT S . OTMER DESCRIPTION OF OPERATIONS I LOCATIONS/VEHICLES/EXCLUSIONS ADDED BT ENOORSEMENTI SPECIAL PROVISIONS The City of Huntington Beach, it's agents, officers and employees are named as Additional Insureds. CERTIFICATE HOLDER CANCELLATION SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEEF/ORE THE EXPIRATION Huntington Beach City At Conley'S' Off ice GATE THEREOF,THE ISSUING INSURER WILLsb)taMAIL 3 DAYS WRITTEN P. 0. BOX 190 NOTICE TO THE CEATIFICATE HOLDER NAMED TO THE LEFT, 2000 Main Street tsA�►aL,o�O� rA[ Huntington Beach, CA 92648 ALIT Al2EDREDRESEN7AYI.VE ACORD 25(2001/08) @ACOFD CORPORATION 1988 MAR-30-2004 14:43 TOTAL P.02 415 386 6853 96i P.02 03i31i2004 12:03 QUINT & THIMMIG LLP 4 17143741590 N0.394 902 ACORD CERTIFICATE OF INSURANCE ISSUE a",�9o"20D°"" THIS CERTIFICATE IS I38UED AS A MATTER OF INFORMATION ONLY AND CONFERS NO PRODUCER 11 RIGHTS UPON THS CERTIFICATE HOLDER.THIS CERTIFICATE DOES NOT(WEND, EXTEND 04 ALTER THE COVERA05 APFORDEC BY THE POLICIES BELOW. tletbDt't L Jamison A Co.,L.I.G. COMPANIES AFFORDING COVERAGE 100 LImm"ve Ddve Woe orange,NJ 07OR PAN LETTER A Certain Underwriters at Uoyd'e of London Phone No. 873-731-0800 campR B Fax No. 073-T$14288 oMPAn INSURED LeneR C OUlnt A ThImmig LLP COMPANY One Embarcadwo ConW—Suite 2420 LETTER D San Francisco,CA 04111-V37 PANY l6TTER � CONItRADED THIS IS TO CERTIFY THATTHE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED,NOTMIITHSTANOING ANYREQUIREMENT,TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENTWITH RESPMCTTOWHICH THIS CERrFICATIi A(AY BE 15811jE'D OR MAY PERTAIN,THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IB SUBJECT TO ALL THE Tom. EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN Re CEO BY PAID CLAI S. c0 POLICY POLICY LTR Type OF INSURANCE POLICY NUMBER EIMECTNE WIRATION Umn DATE DD DA! M00 GeN1:RAL ua uTY GENERAL AGGREGA Q COMMERCIAL GENERAL LIABILITY PRODUCTS-COMPIOP AGG. I PERSONAL A ADV.INJURY S ❑CLAIMS MADE QOCCUr, EACH OCCURRENCE S OWNERTi9CONTRACTOR'8 FIRE DAMAGE IApVwoF►V 5 PROT. MED.EXPENSE(AnV ar a poem 1 5 H — AUTOMOMI NABaITY COMBINED SINGLE ❑ANY AUTO ��"� Llv, LIMIT B ALL OWNED AUTOS BODILY P J.#%Ct� leer oieall)INJURY S SCHEDULED AUTOS i $tal' HIRED AUTOS BODILY INJURY NON-OWNED AUTOS (Per Attlaenl) Z GARAGE LUWILITY PROPERTY DAMAGE ; t'JlC LIABILITY EACH OCCURRENC i Q 11MMELIA FORM AGGREGATE _ OTHER THAN UMBRELLA FORM COMPENSATION STATUTORY LIMITS AND EMPLOYERS LIABILITY EACH ACCIOEN LIC $ OISEASE•POLICY UMR DIS E-FACH SUPLOYEE I _ OTNCR Lre ProtDaDlonal YO 052530 0 03/31/04 03/31/05 S5,000,00001000,000 mryB i x Lawyey Insurance YO 052540 0 8 5,000,000 xS$5,000,000 -06ACKI)TION OF OPEFLATIONWLDCATIONWVEHICLEWSPEEIALViFMS f t� SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION OATE THEREOF,THE ISSUING COMPANY WILL ENDEAVOR 70 MAIL 39 DAYS WRITTEN NOTICE TO THE CERTIFICATE HOLDER WAWV TO THE Huntington Beach City Attorneys Offloe LEFT,BUT FM-1. SUCH NOTXE SWILL IMPOSE NO OBLIGATION OR P.O. Box 109 LIABILITY UPON THE CQMPP Y. ITS AGENTS OR REPRESENT i 2000 Main Street o Huntington Beach, CA 02648 Au o ! ACORD:Y6-3'Y/80'. . i;l;. 7I1CDR t.CORPORATION 1890 y, I : MAR-31-2004 11:08 415 765 1555 96% P.02 R A ROUTING C INITIATING DEPARTMENT: ADMINISTRATIVE SERVICES SUBJECT: SELECTION OF BOND AND DISCLOSURE COUNSEL FOR BONDS TO FUND PROPERTY TAX OVERRIDE REFUNDS COUNCIL MEETING DATE: Aril 5, 2004 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Not Applicable Resolution (w/exhibits & legislative draft if applicable) Not Applicable _ Tract Map, Location Map and/or other Exhibits Not Applicable Contract/Agreement (w/exhibits if applicable) (Signed in full by the City Attomey) Attached Subleases, Third Party Agreements, etc. (Approved as to form by C�y Attomf — Not Applicable Certificates of Insurance (Approved by the City Attorney) Not Applicable Financial impact Statement (Unbudget, over $5,000) Not Applicable Bonds (If applicable) Not Applicable Staff Report (If appiicable) Not.Applicable Commission, Board or Committee Report (If applicable) Not Applicable Find in s/Conditions for Approval and/or Denial Not Applicable EXPLANATION FOR MISSING ATTACHMENTS REVIEWED RETURNED FORWARDED Administrative Staff _ Assistant City Administrator (initial) ) ) City Administrator Initial City Clerk ( ) EXPLANATION FOR RETURN OF ITEM: (BelowOnly) RCA Author: William McReynolds