11-23RESOLUTION NO. 11-23
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CLEARWATER, FLORIDA, APPROVING A TEAM OF
INVESTMENT BANKING FIRMS TO PROVIDE BOND
UNDERWRITER SERVICES; PROVIDING FOR INCIDENTAL
ACTION; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City Council of the City af Clearwater, Florida (the "City") determined it
is in the best interest of the City to assemble a team af bond underwriters to serve the City; and
WHEREAS, the City issued a request for qualifications ("RFQ") to qualified investment
banking firms on September 8, 2011, and received responses thereto on October 6, 2011; and
WHEREAS, based on the responses received by the City and recommendations from
City staff, the City now desires to select a team of investment banking firms to serve as bond
underwriter to the City;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCII. OF THE CITY OF
CLEARWATER, FLORIDA:
SECTION 1. This Resolution is adopted pursuant to the provisions of Articl� VIII,
Section 2 of the Canstitution of the State of Florida, Chapter 166, Florida Statutes, the Charter
of the City of Clearwater, Flarida and other applicable provisions of law.
SECTI�N 2. The City hereby selects Wells Fargo Bank, National Association, Bank of
America Merrill Lynch, and RBC Capital Markets, LLC, as its team af bond underwriters (the
"Underwriters"). The selected Underwriters will serve the City for a period of three (3) years
from the date hereof with an option to renew for two (2) additianal one (1) year periads.
SECTION 3. The City will, in its sole discretion, determine in connection with each
negotiated financing during the term specified in Sectian 2 above, the number of Underwriters to
use on each future negotiated financings in accordance with the authorization of the issuance of
each such financing, and in each such case, designate which firm, if any, will serve as senior
manager or ca-manager for each transaction.
SECTION 4. If any section or part af a s�ction of this Resalutian be declared invalid or
unconstitutional, the validity, force and effect of any other section ar part �f a section of this
Resalution shall not thereby be affected or impaired unless it clearly appears that such other
section or part of a section of this Resolution is wholly or nec�ssarily depended upon the section
or part of a sectian so held to be invalid or unconstitutional.
SECTION 5. All priar resolutions of the Issuer inconsistent with the provisions of this
resolutian are hereby modified, supplemented and amended to conform with the provisions
herein contained and except as otherwise madified, supplemented and amended hereby shall
remain in full force and effect.
Resolution No. 11-23
SECTION 6. This resolution shall became effective immediately upon its adoption.
Passed and adopted by the City Council of the City of Clearwater, Florida, this 3rd day of
November, 2011.
(SEAL) By:
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Frank V. Hibbard
Mayor
Ap roved as to form:
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Pame a K. Akin
City Attorney
ATTEST:
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�� Rosemarie Call S�aFry���
City Clerk �y`,� /� �/p
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Resolutian Na. 11-23