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HomeMy WebLinkAboutResolution No. 2023-11 - Underwriter Services for Issuance of Securities RESOLUTION NO. 2023-11 A RESOLUTION OF THE PASCO PUBLIC FACILITIES DISTRICT BOARD APPROVING THE POSTING OF THE UNDERWRITER SERVICES FOR THE ISSUANCE OF SECURITIES REQUEST FOR QUALIFICATIONS, ON SEPTEMBER 22, 2023, SELECTION, NEGOTIATION, AND FURTHER AUTHORIZE THE PPFD EXECUTIVE DIRECTOR TO EXECUTE THE CONTRACT DOCUMENTS. WHEREAS, the Pasco Public Facilities District (PPFD) was duly formed pursuant to Chapter 35.57 of the Revised Code of Washington on July 15, 2002, by the adoption of City of Pasco Ordinance No. 3558, and granted all powers provided by law pursuant to RCW 35.57.010; and WHEREAS, the PPFD Board approved Resolution No. 2023-01, creating the process for the procurement of Service Provider Agreements in accordance with RCW 35.57.070 and based on the procedures finds that it is appropriate to solicit for requests for qualifications for an Special Counsel; and WHEREAS, the PPFD is in need of underwriter or placement agent services to assist in the issuance of securities (aka"bonding); and NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE PASCO PUBLIC FACILITIES DISTRICT as follows: Section 1. That the Pasco Public Facilities District Board of Directors does hereby approve the solicitation of an Underwriter Services for the Issuance of Securities Request for Qualifications; and Section 2. That the Pasco Public Facilities District Board of Directors does hereby approve that the PPFD Executive Director will publish notice, prepare criteria, receive and evaluate proposals for conformity with submission requirements, and assuming selection of a preferred service provider, negotiate with respondent(s) under the requirements of the Service Provider Agreements process established by Resolution No. 2023-01; and sign and execute a Professional Services Agreement with the preferred service provider on behalf of the PPFD Board; to make minor substantive changes as necessary to execute the Agreement; to report back to the PPFD Board progress and success of executing the agreement; and Section 3. That this Resolution shall take effect immediately. Resolution-Underwriting Services- 1 PASSED by the Pasco Public Facilities District Board of Directors,of Pasco,Washington, this 19th day of September, 2023. PASCO PUBLIC FACILITIES DISTRICT �� � M rk Momssett , Board President ATTEST: APPROVED AS TO FORM: , � Carolme Bowdi �, Secretary/Treasurer Kerr uson Law, PLLC Pasco Public Facilities District A ey for PPFD Resolution—Underwriting Services-2 RESOLUTION NO. 2023-12 A RESOLUTION OF THE PASCO PUBLIC FACILITIES DISTRICT BOARD APPROVING THE POSTING OF THE SPECIAL COUNSEL REQUEST FOR QUALIFICATIONS, COMMENCING ON SEPTEMBER 22, 2023, SELECTION, NEGOTIATION, AND FURTHER AUTHORIZE THE PPFD EXECUTIVE DIRECTOR TO EXECUTE THE CONTRACT DOCUMENTS. WHEREAS, the Pasco Public Facilities District (PPFD) was duly formed pursuant to Chapter 35.57 of the Revised Code of Washington on July 15, 2002, by the adoption of City of Pasco Ordinance No. 3558, and granted all powers provided by law pursuant to RCW 35.57.010; and WHEREAS, the PPFD Board approved Resolution No. 2023-01, creating the process for the procurement of Service Provider Agreements in accordance with RCW 35.57.070 and based on the procedures finds that it is appropriate to solicit for requests for qualifications for a Special Counsel; and WHEREAS, the PPFD is in need of specialized legal advice including bond counsel services; and NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE PASCO PUBLIC FACILITIES DISTRICT as follows: Section 1. That the Pasco Public Facilities District Board of Directors does hereby approve the solicitation of a Special Bond Counsel Request for Qualifications 5ection 2. That the Pasco Public Facilities District Board of Directors does hereby approve that the PPFD Executive Director will publish notice, prepare criteria, receive and evaluate proposals for conformity with submission requirements, and assuming selection of a preferred service provider, negotiate with respondent(s) under the requirements of the Service Provider Agreements process established by Resolution No. 2023-01; and sign and execute a Professional Services Agreement with the preferred service provider on behalf of the PPFD Board; to make minor substantive changes as necessary to execute the Agreement; to report back to the PPFD Board progress and success of executing the agreement; and Section 3. That this Resolution shall take effect immediately. Resolution—PPFD Special(Bond)Counsel- 1 PASSED by the Pasco Public Facilities District Board of Directors, of Pasco,Washington, this 19�'day of September, 2023. PASCO PUBLIC FACILITIES DISTRICT � � - Ma Morrissette, Board President ATTEST: APPROVED AS TO FORM: . . Caroline Bowdish, Secretary/Treasurer Kerr Fer on Law, PLLC Pasco Public Facilities District Atto y for PPFD Resolution—PPFD Special(Bond)Counsel-2