Agmt07 William Euphrat Municipal Finance, Inc.

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