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A. RESOLUTION NO. 2015-195 OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA APPROVING AN AGREEMENT TO PROVIDE INVESTMENT BANKING AND BOND UNDERWRITING SERVICES FOR THE BAYFRONT PROJECT BETWEEN THE CITY AND J.P. MORGAN SECURITIES, LLC AND AUTHORIZING THE CITY MANAGER TO EXERCISE FIVE ONE-YEAR OPTIONS TO EXTEND THE AGREEMENT
B. RESOLUTION NO. 2015-196 OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA WAIVING THE COMPETITIVE FORMAL BID REQUIREMENT, APPROVING AN AGREEMENT TO PROVIDE ECONOMIC ADVISORY SERVICES FOR THE BAYFRONT PROJECT BETWEEN THE CITY AND ECONOMIC & PLANNING SYSTEMS, INC., AND AUTHORIZING THE CITY MANAGER TO EXERCISE TWO ONE-YEAR OPTIONS TO EXTEND THE AGREEMENT
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RECOMMENDED ACTION
Recommended Action
Council adopt the resolutions.
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SUMMARY
The City of Chula Vista and the San Diego Unified Port District are participating in a joint planning effort to develop the Chula Vista Bayfront. In support of this process, contracting with J.P. Morgan Securities for investment banking and bond underwriting services and Economic & Planning Systems (EPS) for economic advisory services is recommended.
ENVIRONMENTAL REVIEW
The Development Services Director has reviewed the proposed activity for compliance with the California Environmental Quality Act (CEQA) and has determined that the activity was covered in previously adopted Environmental Impact Report UPD#83356-EIR-65B/SCH#2005081077. The Development Services Director has also reviewed the proposed activity for additional compliance with CEQA and has determined that there is no possibility that the activity may have a significant effect on the environment; therefore, pursuant to Section 15061(b)(3) of the State CEQA Guidelines the activity is not subject to CEQA. Thus, no environmental review is required.
BOARD/COMMISSION RECOMMENDATION
Not applicable
DISCUSSION
In 2002, the City of Chula Vista and the Unified Port District of San Diego (the "Port") began a collaborative ...
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