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REV: 07-05-24 MI <br />28. When bids are submitted, verify the winning and cover bids, restructure maturities <br />to produce the desired debt structure (level, sloping, etc.), and recommend award of the <br />Bonds to the highest bidder if such award will permit the financing to proceed within <br />acceptable interest rate levels; <br />29. Prepare a closing flow of funds memorandum for the financing team and the <br />purchaser in order to coordinate the delivery of funds between the successful purchaser <br />and the bond trustee; and, <br />30. Perform such other duties as are customarily performed by municipal advisors in <br />connection with the competitive structuring and sale of municipal Bonds and which we <br />are competent to perform. <br />31. Regardless upon the method of sale, upon completion of the issuance of Bonds, <br />Consultant will prepare a post-sale summary report in which it will provide: <br />a. a summary of the City’s major duties and responsibilities; <br />b. a summary of the transaction that describes material features so individuals <br />unfamiliar with the issue can become knowledgeable without reading extensive <br />legal documents; <br />c. a review of the sale, showing the range of bids (if sold competitively), <br />discuss market conditions at the time of the sale, and provide information on <br />comparable issues in the market at and around the time of sale; <br />d. final bond sizing analyses, savings reports and final debt service schedules <br />and, <br />e. a review of continuing disclosure requirements. <br />(Signature Page Follows) <br />ATTY/AGR.2024.095/William Euphrat Muncipal Finance (Water Enterprise Revenue Bonds) (Page 13 of 15)