Laserfiche WebLink
� COPY <br /> firm's proposal heretofore submitted to the Board of Port Commissioners and <br /> contains terms (including those regarding compensation) no less favorable to the <br /> Board of Port Commissioners than as set forth in such proposal, and (ii) any and <br /> all compensation to such firm under the agreement is payable solely from the <br /> proceeds of the 2015 Bonds. <br /> (b) The Board of Port Commissioners hereby directs the Executive <br /> Director to appoint Quint and Thimmig LLP to act as disclosure counsel to the <br /> Board of Port Commissioners in connection with a public offering of the 2015 <br /> Bonds. The Board of Port Commissioners hereby authorizes and directs the <br /> Executive Director (or designee) to execute and deliver an agreement with said <br /> firm for its services; provided that: (i) the agreement is consistent with said firm's <br /> proposal heretofore submitted to the Board of Port Commissioners and contains <br /> terms (including those regarding compensation) no less favorable to the Board of <br /> Port Commissioners than as set forth in such proposal, and (ii) any and all <br /> compensation to such firm under the agreement is payable solely from the <br /> proceeds of the 2015 Bonds. <br /> The Executive Director also may direct the financial advisor to contact a limited <br /> number of financial institutions to solicit proposals for a private placement of the 2015 <br /> Bonds. The Board of Port Commissioners hereby authorizes and directs the Executive <br /> Director (or designee) to execute a non-binding term sheet with one of the financial <br /> institutions. <br /> 5. The Executive Director, the Manager of Finance and Administration, the <br /> Secretary and all other members of the Port's management staff are hereby authorized <br /> and directed to take such actions as are necessary or appropriate to prepare for a <br /> refinancing of the 1999 Bonds, and to present to this Board of Port Commissioners for <br /> its approval all documentation and proceedings necessary in connection therewith. <br /> Nothing in this Resolution shall in any way commit the Board of Port Commissioners to <br /> issue the 2015 Bonds. <br /> Port:Rs <br /> 1/28/2015 <br /> Reso P-2262 <br /> Page 3 of 4 <br /> Scanned <br />