03-01-1971 - Laserfiche WebLink

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SPECIAL COUNSEL - (Continued) We draft ail of the proceedings, attend Council and staff meetings and issue our approving legal opinion to the purchaser of the bonds. Our fees for acting as bond counsel are based on the amount of bonds to be authorized and are generally recognized by public entities as being within the standard fee charged by other bond counsel in the United States. We shall be pleased to quote you specific fees prior to being considered for any work for the City. The undersigned is a member of the Los Angeles Municipal Bond Club and the California Assessment Bond Underwriters Association thus having personal contact with the interested underwriters as well as participating in an association responsible for drafting legislation of benefit to the industry. We can list many underwriters as references but, for brevity, we may state that Mr. Alan K. Browne, Senior Vice President of Bank of America N.T. & S.A., in charge of all municipal bond purchases by that bank has encouraged this firm to become nationally recognized bond counsel and would be receptive to answer any inquiry you may have. We believe that as attorneys in this community we can be of personal service to the City Council and staff and welcome the opportunity to discuss with you in greater detail the possibility of rendering legal services in connection with general obligation and assessment bond issues." It was the consensus that the firm of Rutan & Tucker should be considered in the future when the employment of outside Counsel is contemplated for special legal procedures. SOLICITATION APPLICATION An oral request for permission to solicit funds, door to door, on May 6, April 3, and May 1, 1971, on behalf of the Velvet Knights Drum & Bugle Corps, was presented by Mr. Wesley Auger, Booster Board Chairman, and was approved, subject to approval of the City Staff under the normal processing procedure, on motion of Councilman Patterson, seconded by Councilman Markel, and unanimously carried. STATEMENT OF CONDITIONS Motion of Councilman Villa, seconded COMMUNITY ACTION COUNCIL by Councilman Patterson, to approve the Sfatcment of Conditions dated March 1, 1971, regarding City's contributions to the Community Action Council, for use in three community centers; and to authorize its execution by the Mayor and Clerk, carried on a 6-1 vote, Councilman Herrin voting NO. CITY COUNCIL -78- March 1, 1971