Agmt04 Public Financing Authori - Laserfiche WebLink

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Attachment 1 B 29.Apply for CUSIP numbers and Depository Trust Clearing services to assure the delivery of securities in marketable form to the initial purchaser;, and, 30. Coordinate the delivery of funds between the successful underwriter and the bond trustee. If bonds are sold on a negotiated basis, William Euphrat Municipal Finance, Inc. will 31. Evaluate all recommendations and proposed financing structures suggested by the underwriter and assist in the negotiation of underwriter fees; 32. Provide suggestions regarding the best financing structure and the best marketing structure and provide advice regarding the suitability of underwriter proposals; 33. Clarify the consequences of any financial decisions requested of staff so that decisions may be made on a fully informed basis; 34. Recommend revisions in the structure or security of the financing proposed by the underwriter that may be in the City's best interests; 35. Review all numerical analyses provided by the underwriter for accuracy, reasonableness of assumptions and consistency with the City's financial objectives; 36. Request that the underwriter prepare weekly market analyses during the month prior to the anticipated sale date and independently confirm the accuracy and suitability of the analyses; 37. Prior to the execution of the purchase contract, evaluate and review with representatives of the City and representatives of the underwriter the underwriter's pricing proposals, and compare the pricing of the bonds to concurrently marketed issues in order to confirm that the pricing is as efficient as is possible vis-á-vis the market and that the proposed underwriting discount is commensurate with issues of similar term to maturity and credit quality; and, 38. Advise the staff regarding the underwriter's final pricing proposal. Upon completion of the bond issue William Euphrat Municipal Finance, Inc. will prepare a post-sale summary report in which it will: 39. Provide a summary of the City's major duties and responsibilities; 40. Provide a summary of the transaction that describes material features so individuals unfamiliar with the issue can become knowledgeable without reading extensive legal documents; 41. Review how unexpended bond proceeds were invested, explain conditions regarding the withdrawal of funds for construction disbursements and any conditions associated with necessary future investments for maturing, unexpended amounts; Attachment 1 B-11