2021-02-10 CC Packet - Laserfiche WebLink

Home Browse Search

Municipal Advisory Service Agreement 4. Prepare a schedule of events related to the issuance process. 5. Coordinate with bond counsel any actions needed to authorize the issuance of the Debt. 6. Attend meetings of the City Council and other project and bond issue related meetings as needed and as requested. Bond Sale 1. Assist the City with the preparation, review and approval of the preliminary official statement (POS). 2. Assist the City and bond counsel with preparing and publishing the Official Notice of Sale if required by law. 3. Prepare and submit application for bond rating(s) and assist the City with furnishing the rating agency(s) with any additional information required to conduct the rating review. Assist the City with preparing and conducting the rating call or other presentation. 4. 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. 5. Coordinate with bond counsel the preparation of required contracts and resolutions. Post-Sale Support 1. Assist the City with the preparation of final official statement, distribution to the underwriter and posting on EMMA. 2. Coordinate the bond issue closing, including making all arrangements for bond printing, registration, and delivery. 3. Furnish to the City a complete transcript of the transaction, if not provided by bond counsel. There are no specific limitations on the scope of this agreement. COMPENSATION For providing these services with respect to the Debt, NSI shall be paid a lump sum of $15,500. 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: 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 of legal notices. Bond counsel and local attorney fees. Fees for various debt certificates. The cost of printing Official Statements, if any. City staff expenses. Airfare and lodging expenses of one NSI official and City officials when and if traveling for rating agency presentations. Rating agency fees, if any. Bond insurance fees, if any. Accounting and other related fees. 2