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Attachment IA 6.1 B <br /> Page 8 <br /> securities; <br /> 27. When bids are opened, calculate the wi.r�ning bid a��d recommend award of the <br /> securities to the highest bidder if such award will permit the financing program to <br /> proceed within acceptable interest rate levels; <br /> 28. Apply for CUSIP numbers and Depository Trust Clearing services to assure the <br /> delivery of securities in marketable forni to the initial purchaser;, and, <br /> 29. Coordinate the delivery of funds between the successful underwriter and the bond <br /> trustee. <br /> If bonds are sold on a negotiated basis,William Euphrat Municipal Finance,Inc. will <br /> 30. Evaluate a11 reconzmendations and proposed financing structures suggested by the <br /> underwriter and assist in the negotiation of underwriter fees; <br /> 31. Provide suggestions regarding the best financing structure and the best marketing <br /> structure and provide advice regarding the suitability of underwriter proposals; <br /> 32. Clarify the consequences of any financial decisions requested of staff so that <br /> decisions may be made on a fully informed basis; <br /> 33. Recommend revisions in the structure or security of the financing proposed by the <br /> underwriter that may be in the City's best interests; <br /> 34, Review all numerical analyses provided by the underwriter for accuracy, <br /> reasonableness af assumptions and consistency with the City's financial <br /> obj ectives; <br /> 35. Request that the underwriter prepare weekly market analyses during the month <br /> prior to the anticipated sale date and independently conf'irm the accuracy and <br /> suitability of the analyses; <br /> 36. Prior to the execution of the purchase contract, evaluate and review with <br /> representatives of the City and representatives of the underwriter the underwriter's <br /> pricing proposals, and compare the pricing of the bonds to concurrently marketed <br /> issues in order to confirm tl�at the pricing is as efficient as is possible vis-•-vis the <br /> market and that the proposed underwriting discount is commensurate with issues <br /> of similar tertn to maturity and credit quality; and, <br /> 37. Advise the staff regarding the underwriter's final pricing proposal. <br /> Upon comptetion of the bond issue William Euphrat Municipal Finance, Inc. will <br /> prepare a post-sale summary report in which it will: <br /> 4 <br /> _ <br />