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2021-02-10 CC Packet
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2021-02-10 CC Packet
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Municipal Advisory Service Agreement <br />4. Prepare a schedule of events related to the issuance process. <br />5. Coordinate with bond counsel any actions needed to authorize the issuance of the Debt. <br />6. Attend meetings of the City Council and other project and bond issue related meetings as needed <br />and as requested. <br />Bond Sale <br />1. Assist the City with the preparation, review and approval of the preliminary official statement <br />(POS). <br />2. Assist the City and bond counsel with preparing and publishing the Official Notice of Sale if <br />required by law. <br />3. Prepare and submit application for bond rating(s) and assist the City with furnishing the rating <br />agency(s) with any additional information required to conduct the rating review. Assist the City <br />with preparing and conducting the rating call or other presentation. <br />4. Assist the City in receiving the bids, compute the accuracy of the bids received, and recommend <br />to the City the most favorable bid for award. <br />5. Coordinate with bond counsel the preparation of required contracts and resolutions. <br />Post-Sale Support <br />1. Assist the City with the preparation of final official statement, distribution to the underwriter and <br />posting on EMMA. <br />2. Coordinate the bond issue closing, including making all arrangements for bond printing, <br />registration, and delivery. <br />3. Furnish to the City a complete transcript of the transaction, if not provided by bond counsel. <br />There are no specific limitations on the scope of this agreement. <br />COMPENSATION <br />For providing these services with respect to the Debt, NSI shall be paid a lump sum of $15,500. The <br />fee due to 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, <br />but not 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 <br />agency presentations. <br /> Rating agency fees, if any. <br /> Bond insurance fees, if any. <br /> Accounting and other related fees. <br />2 <br /> <br />
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