Laserfiche WebLink
<br />34. Review all numerical analyses provided by the underwriter for accuracy, reasonableness of <br />assumptions and consistency with the City's financial objectives; <br /> <br />35. Request that the underwriter prepare weekly market analyses during the month prior to the <br />anticipated sale date and independently confirm the accuracy and suitability of the analyses; <br /> <br />36. Prior to the execution of the purchase contract, evaluate and review with representatives of the <br />City and representatives of the underwriter the underwriter's pricing proposals, and compare the <br />pricing of the bonds to concurrently marketed issues in order to confirm that the pricing is as <br />efficient as is possible vis-á-vis the market and that the proposed underwriting discount is <br />commensurate with issues of similar term to maturity and credit quality; and, <br /> <br />37. Advise the staff regarding the underwriter's final pricing proposal. <br /> <br />Upon completion of the bond issue William Euphrat Municipal Finance, Inc. will prepare a post-sale <br />summary report in which it will: <br /> <br />38. Provide a summary of the City's major duties and responsibilities; <br /> <br />39. Provide a summary of the transaction that describes material features so individuals unfamiliar <br />with the issue can become knowledgeable without reading extensive legal documents; <br /> <br />40. Review how unexpended bond proceeds were invested, explain conditions regarding the <br />withdrawal of funds for construction disbursements and any conditions associated with necessary <br />future investments for maturing, unexpended amounts; <br /> <br />41. Review the rating of the issue, what must be done to maintain the rating and what might be done <br />to improve the rating; <br /> <br />42. Review the sale, show the range of bids (if sold competitively), discuss market conditions at the <br />time of the sale, and provide information on comparable issues in the market at and around the <br />time of sale; <br /> <br />43. Provide final bond sizing analyses and final debt service schedules; <br /> <br />44. Review continuing disclosure requirements; and, <br /> <br />45. If the financing program entails the issuance of additional series of bonds, discuss the conditions <br />necessary for their issuance. <br /> <br />10 <br />