Agmt98 William Euphrat - Stradl - Laserfiche WebLink

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d. Preparing the record of proceedings for the authorization, sale and issuance of the COPS; e. Reviewing purchase contracts, letter of credit reimbursement agreements and other bank or underwriting documents for the COPS and participation in negotiations, as requested by the City; f. Attending meetings of the financing working group, informational meetings and other conferences scheduled by the City; g. Consulting with prospective purchasers of the COPS, their legal counsel and rating agencies; h. Consulting with counsel to the City concerning any legislation or litigation during the course of the financing; 1. Consulting with the trustee for the COPS, and counsel to the trustee; J. Preparing the form of the COPS, and supervising their production or printing, signing, authentication and delivery; k. Rendering a legal opinion as to the validity of the COPS for use and distribution upon their issuance. Compensation. In return for the services described in Section 3, Attorneys will be compensated a fee equal to $50,000. In addition to the bond counsel fee, Attorneys shall also be reimbursed for all out-of-pocket expenses, except such reimbursement shall not exceed $4,000. Section 2. All Other Services. To the extent the City desires the services of Attorneys for other services not described herein, such services shall be provided in exchange for compensation to be negotiated at the time of such equal representation by the City's Director of Finance and the Attorneys. Section 3. Assigned Attorney. Attorneys agree to assign David G. Casnocha and Douglas Brown to provide the services described in this Agreement. Section 4. Solicitation. Bond Counsel warrants that no person has been employed to solicit or secure this contract upon any agreement for a commission, percentage, brokerage, or contingent fee. Breach of this warranty shall give the City the right to terminate this contract, or in its discretion to deduct from Attorneys' fee. Section 5. No Assignment. Attorneys shall not assign or transfer any interest in this contract except that claims for moneys due or to become due under the contract may be assigned to a bank, trust company, or other financial institution. Section 6. Refundings. This Agreement shall also govern the issuance of any refunding bonds issued to refund any of the obligations subject to this Agreement. .............. ..-. ,.......