2003-05-28 CC Packet - Laserfiche WebLink

Home Browse Search

* * * * * Assist the City in receiving the bids, compute the accuracy of the bids received, and recommend to the City the most favorable bid for award. Coordinate with bond counsel the preparation of required contracts and resolutions. Post Sale Support Coordinate the bond issue closing including making all arrangements for bond printing, registration, and delivery. Furnish to the City a complete transcript of the transaction. Assist, as requested by the City, with the investment of bond issue proceeds. Investment Assistance: Should the City desire to invest the proceeds from the Debt issuance or any other funds of the City through NSI in. its capacity as a broker, NSI shall, at all times, transact such investments as principal. COMPENSATION For the proposed sale by the City in 2003 of its approximate $740,000 General Obligation Temporary Improvement Bonds, Series 2003 (the "Bonds"), NSI's fee shall be lurnp sums of $8,750.00. The fee due to NSI shall be payable by the City upon the closing of the Bonds. NSI agrees to pay the following expenses from its fee: * * * The cost of distributing the Official Statements, if any. Out-of-pocket expenses such as travel, long distance phone, and copy costs. Production and distribution of material to rating agencies and/or bond insurance companies. Preparation of the bond transcript. * The City agrees to pay for all other expenses related to the processing of the bond issue(s) including, but not limited to, the following: * * * * * * * Engineering and/or architectural fees. Publication oflegal notices. Bond counsel and local attorney fees. Fees for various debt certificates. The cost of printing Official Statements, ifany. City staff expenses. Airfare and lodging expenses of one NSI official and City officials when and if traveling to New York City for rating agency presentations. Rating agency fees, if any. Bond insurance fees, if any. Accounting and other related fees. * * * It is expressly understood that there is no obligation on the part of the City under the terms of this Agreement to issue the Bonds. If the Bonds are not issued, NSI agrees to pay its own expenses and receive no fee for any services it has rendered. Centerville Page 2