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<br />3D -ID <br /> <br />City of Red wood City <br />Financial Ad visory Agreement Scope of Services <br />Pacific Shores Cen ter <br />September 17, 1999 <br />Page 3 <br /> <br />. <br /> <br />Request that the underwriter prepare weekly market analyses during <br />the month prior to the anticipated sale date and independently confirm <br />the accuracy and suitability of the analyses; <br /> <br />. <br /> <br />Review the suitability of credit enhancement (if available) and <br />determine any cost savings resulting therefrom; <br /> <br />. <br /> <br />At the request of staff, prepare drafts of staff reports for presentations <br />to or actions required of the City Council in connection with the <br />financing; <br /> <br />. <br /> <br />Coordinate with bond counsel and the underwriter to determine that <br />all actions necessary for the lawful issuance of securities are taken in a <br />timely fashion by appropriate parties or bodies; <br /> <br />. <br /> <br />Prior to the execution of the purchase contract, evaluate and review L <br />with representatives of the City and representatives of the underwriter <br />the underwriter's pricing proposals, and compare the pricing of the <br />bonds to concurrently marketed issues in order to confirm that the <br />pricing is as efficient as is possible vis-á-vis the market and that the <br />proposed underwriting discount is commensurate with issues of <br />similar term to maturity and credit quality; <br /> <br />. <br /> <br />Advise the City regarding the underwriter's final pricing proposal; <br /> <br />. <br /> <br />Advise the City regarding matters relating to its financial interests <br />during the structuring of the transaction and during the initial offering <br />and subsequent sale of securities; <br /> <br />. <br /> <br />Arrange for the investment of any unexpended proceeds in a prudent <br />and cost-effective manner consistent with federal tax limitations and <br />the City's capital expenditure requirements; and, <br /> <br />Coordinate with bond counsel and the underwriter the timely closing <br />of the bond issue. <br /> <br />. <br /> <br />Post Issuance Work <br /> <br />Upon completion of the bond issue William Euphrat Municipal Finance, <br />Inc. will prepare a post-sale summary report in which it will: <br /> <br />. Provide a summary of the issuer's major duties and responsibilities; <br /> <br />"~_.__.. ..-.T <br />