Agmt05 William Euphrat Municipa - Laserfiche WebLink

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Attachment 1 C a material fact or omits to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading. 2. Compensation. For the services set forth under Section 1, Attorneys shall be paid compensation in the amount of $27,500, including costs. Payment of said fees and expenses shall be entirely contingent, shall be due and payable upon the delivery of the Bonds and shall be payable solely from the proceeds of the Bonds and from no other funds of the City. 3. Termination of Aqreement. This Agreement for Legal Services may be terminated at any time by the City, with or without cause, upon thirty (30) days' written notice to Attorneys. In the event of such termination, all finished and unfinished documents shall, at the option of the City become its property and shall be delivered by Attorneys. 4. following: Exceptions. Attorneys' services pursuant to this Agreement shall not include the a. providing a legal opinion approving the legality of the proceedings relating to the Bonds or regarding the exemption of interest thereon from taxation; b. any services rendered in any litigation involving the City or the financing proceedings relating to the Bonds; and c. on-going advice and preparation of necessary documentation in respect of reporting requirements of the Securities and Exchange Commission. For services not set forth in section 1 of this Agreement which Attorneys are directed to render for and on behalf of the City, compensation shall be on the basis of reasonable fees to be agreed upon by the City and Attorneys. The City shall in no event be obligated to pay any such fees to Attorneys unless it has entered into a separate written agreement with Attorneys specifying the nature of the services to be provided by Attorneys and the method of determining the fees to be paid for such services. 5 . Advice and Counsel. It is understood that neither the Attorneys nor any individual representing the Attorneys possesses any authority with respect to any decision of the City or any City official beyond the rendition of information, advise, recommendation or counsel. IN WITNESS WHEREOF, the parties hereto have caused these presents to be executed by the respective officers thereunto duly authorized as of the day and year first above written. CITY OF REDWOOD CITY ~ . \. '/ ~/' ~ ~~ tI. Attest:~~ ~.. ~... Patric' Howe, City Clerk ) ~/ By ,..' c-u¡;~ Title:.' :UUf r JONES HALL, A Professional Law Corporation By 1Þ4~~, 7l1t ~riA