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2004-04-14 WS & CC Meeting
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2004-04-14 WS & CC Meeting
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<br />. <br /> <br />. <br /> <br />. <br /> <br />. <br />. <br /> <br />Assist the City in receiving the bids, compu1e the lICCUrllCl' of the bids received. and <br />lCCOIDll1CI1d to the City the most filVomhle bid fur llWlUd. <br />Coordinate with bond counscl1he preparation of required contraCtS and resolutions. <br /> <br />Post Sale Support <br /> <br />Coordinate the hood issue closing including making all arrangements for hood printing, <br />registration, and delivay. <br />Fwnlsh to the City a complem transcript ofthc transaction. <br />Assist, as requested by the City, with the investment ofbond issue proceeds. <br /> <br />Investment Assistance: <br /> <br />Should the City desire to invest the proceeds from the Debt issuance or any other funds of the City <br />through NSI in its capacity as a Inoker, NSI shall, at all times, lraDsact such investments as <br />principal. <br /> <br />COMPENSATION <br /> <br />For the proposed sale by the City in 2004 of its approximate $2,545,000 General Obligation <br />Improvement Bonds, Series 2OO4B (the "Bonds"), NSI's fee sball be a lump sum of $14,000.00. <br />The fee due to NSI shall be payable by the City upon the closing of the Bonds. <br /> <br />NSI agrees to pay the following expenses from its fee: <br /> <br />. <br />. <br /> <br />Out-of-pocket expenses such as ttave~ long distance phone, and copy costs. <br />Production and distribution of material to rating agencies andfor bond insurance <br />companies. <br />J'rcparation of the hood transcript <br /> <br />. <br /> <br />The City agrees to pay for aU other expenses related to the processing of the bond issue(s) <br />including, but not limited to, lbe fullowing: <br /> <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br /> <br />Engineering and/or an:llirectural tees. <br />Publication of legal notices. <br />Bond counsel and local attorney fees. <br />Fees for various debt certificates. <br />The cost ofprinting Official _Is, if any. <br />City staff expenses. <br />Airfare and lodging expeoscs of onc NSI official and City officials when and if <br />ttaveling to New York City for rating ageney presentations. <br />Ratiog agency fees, if any. <br />Bond insurance fees, ifany. <br />Accounting and other related fees. <br /> <br />. <br />. <br />. <br /> <br />It is expressly understood tbaI there is no obligation on the part of the City wuler lbe terms of this <br />Agreement to issue the Bonds. If the Bonds are not issued, NSI agrees to pay its own expenses <br />and receive no fee for any services it has rendered. <br /> <br />centerviJle impt p sale 2,545,000 FA Agrmt 0414 mtgPage 2 <br />
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