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7. Assist the City in receiving the bids, compute the accuracy of the bids received, and recommend to the City <br /> the most favorable bid for award. <br /> 8. Coordinate with bond counsel the preparation of required contracts and resolutions. <br /> Post Sale Support <br /> 1. Prepare final official statement and provide to underwriter for posting on EMMA. <br /> 2. Coordinate the bond issue closing including making all arrangements for bond printing, registration, and <br /> delivery. <br /> 3. Furnish to the City a complete transcript of the transaction, if not provided by bond counsel. <br /> 4. Assist, as requested by the City, with the investment of bond issue proceeds. <br /> COMPENSATION <br /> For providing these services with respect to the Debt, NSI shall be paid a lump sum of $13,200. The fee due to <br /> NSI shall be payable by the City upon the closing of the Bonds. <br /> NSI agrees to pay the following expenses from its fee: <br /> • Out -of- pocket expenses such as travel, long distance phone, and copy costs. <br /> • Production and distribution of material to rating agencies and/or bond insurance companies. <br /> • Preparation of the bond transcript. <br /> The City agrees to pay for all other expenses related to the processing of the bond issue(s) including, but not <br /> limited to, the following: <br /> • Engineering and/or architectural fees. <br /> • Publication of legal notices. <br /> • Bond counsel and local attorney fees. <br /> • Fees for various debt certificates. <br /> • The cost of printing Official Statements, if any. <br /> • City staff expenses. <br /> • Airfare and lodging expenses of one NSI official and City officials when and if traveling for rating agency <br /> presentations. <br /> • Rating agency fees, if any. <br /> • Bond insurance fees, if any. <br /> • Accounting and other related fees. <br /> It is expressly understood that there is no obligation on the part of the City under the terms of this Agreement to <br /> issue the Debt. If the Debt is not issued, NSI agrees to pay its own expenses and receive no fee for any services <br /> it has rendered. <br /> SUCCESSORS OR ASSIGNS <br /> The terms and provisions of this Agreement are binding upon and inure to the benefit of the City and NSI and <br /> their successors or assigns. <br /> TERM OF THIS AGREEMENT <br /> This Agreement may be terminated by thirty (30) days written notice by either the City or NSI and it shall <br /> terminate sixty (60) days following the closing date related to the issuance of the Debt. <br /> 2 <br />