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<br />. <br /> <br />. <br /> <br />. <br /> <br />. <br />. <br /> <br />Assist the City in receiving the bids, compute the accuracy of the bids received, and <br />recommend to the City Ibe most fuvorable bid for award. <br />Coordinate with bond counsel the preparation of required contracts and resolutions. <br /> <br />Post Sale Support <br /> <br />Coordinate the bond issue closing including making all arrangements for bond printing, <br />registration. and delivery. <br />Furnish to the City a complete transcript of the transaction. <br />Assist, as requested by the City, with the investment of bond 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 broker, NSI shall, at all times, transact such investments as <br />principal. <br /> <br />COMPENSATION <br /> <br />For the proposed sale by the City of its approximate $2,475,000 General Obligation Improvement <br />Refunding Bonds, Series 2009B, (the "Bouds"), NSl's fee shall be a lump sum of$13,400. The <br />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 travel, long distance phone, and copy costs. <br />Production and distribution of material to rating agencies and/or bond insurance <br />companies. <br />Preparation of the bond transcript. <br /> <br />. <br /> <br />The City agrees to pay for all other expenses related to the processing of the bond issue(s) <br />including, but not limited to, the following: <br /> <br />. <br />. <br />. <br />. <br />. <br />. <br />. <br /> <br />Engineering andlor architectural fees. <br />Publication oftega! 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 />Airfure and lodging expenses of one NSI official and City officials when and if <br />traveling for rating agency presentations. <br />Rating agency fees, if any. <br />Bond insurance fees, if any. <br />Accounting and other related fees. <br /> <br />. <br />. <br />. <br /> <br />It is expressly understood that there is no obligation on the part of the City under the 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 />Page 2 <br />