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2000-08-09 CC
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2000-08-09 CC
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<br />Bond Sales <br /> <br />· PrepJre, cause to be prir ted, and distribute the Official Statement and Bid Form <br />to prospective bidders. <br />. Cause to be published tn; Official Notice of Sale if required by law. <br />· Recommend whether thl issue should secure a bond rating. If the issue is to be <br />rated, prepare and furnis 1 to the rating agencies the information they require to <br />evaluate the issue and pI Jvide their rating. Serve as the City's representative to <br />the rating agencies. <br />· Directly contact underw iters most likely to serve as syndicate managers to assure <br />that bidding interest is e tablished. <br />· Assist the City in receiv ng the bids, compute the accuracy of the bids received <br />and recommed to the Ci' y the most favorable bid for award. <br />· Coordinate with bond c( unsel the preparation of required contracts and <br />resolutions. <br /> <br />Post Sale Support <br /> <br />· Coordinate the bond iSSl e closing including making all arrangements for bond <br />printing, registration, an 1 delivery. <br />· Furnish to the City a cor lplete transcript of the transaction. <br />· Assist, as requested by t: Ie City, with the investment of bond issue proceeds. <br /> <br />Investment Assitance: <br /> <br />Should the City desire to invest the pro';eeds from the issuance of the Debt issuance or any other <br />funds of the City through 1M in its cap: city as broker, 1M shall, at all times, transact such <br />investments as principal. <br /> <br />( 'OMPENSA TION <br /> <br />For the proposed sale by the City in 20l 10 of its approximate $650,000 General Obligation <br />Improvement Bonds of 2000 ( the "Bo: lds"), 1M's fee shall be lump sum of $7,200.00. The fee <br />due to 1M shall be payable by the City Ipon the closing of the Bonds. <br /> <br />1M agrees to pay the following ~xpenses from its fee: <br /> <br />· The cost of distributing he Official statements, if any. <br />The cost of printing Offi cial Statements, if any. <br />· Out-of-pocket expenses .;uch as travel, long distance phone, and copy costs. <br />· Production and distribut on of material to rating agencies and lor bond insurance <br />compames. <br />. Preparation of the bond ranscript. <br /> <br />. <br /> <br />FA - MASTER <br /> <br />Pa c 2 <br />
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