Laserfiche WebLink
(c) On behalf of the City, prepaze the bond purchase agreement pursuant to <br /> which the Bonds will be sold to the underwriter of the Bonds and a continuing <br /> disclosure agreement acceptable ro the City and the underwriter of the Bonds; and <br /> (d) Subject to the wmpletion of proceedings to the satisfacYion of Attorneys, <br /> provide a letter of Attorneys addressed to the City and the underwrirer of the Bonds <br /> that, although Attomeys have not undertaken to determine independently or assume <br /> any responsibility for the accuracy, wmpleteness or faimess of the statements contained <br /> in the Official Statement, in the course of Attorneys participation in the preparaHon of <br /> the Official Statement, Attomeys have been in contact with representaHves of the City <br /> and others conceming the contents of the Official Statement and related matters, and <br /> based upon the foregoing, nothing has come to Attomeys attention to lead Attorneys to <br /> believe that the Official Statement (except for any financial or statistical data or farecasts, <br /> numbers, charts, estimates, projections, assumptions or expressions of opinion included <br /> therein, and information relating to The Depository Trust Company and its book-entry <br /> system, as to which Attorneys need express no view) as of the date of the Official <br /> Statement or the date of the closing contains any untrue statement of a material fact or <br /> omits to state any material fact necessary in order to make the statements therein, in the <br /> light of the circumstances under which they were made, not misleading. <br /> Attorneys shall not be responsible for (i) compliance by the City with arbitrage rebate <br /> requirements under federal tax ]aw, (ii) the representa6on of the City in connection with any <br /> litigation involving the Bonds, or (iii) post-closing representaHon in connection with the <br /> continuing disclosure requirements of the Securities and Exchange Commission. Without <br /> limiting the generality of the foregoing, Attorneys shall not be responsible for preparing any <br /> calculations or documentation to establish compliance with such rebate requirements or <br /> otherwise for computing the amounts required to be rebated, or for providing any litigation or <br /> post-closing continuing disclosure services related to the Bonds, without a separate agreement <br /> between the City and Attorneys. <br /> Section 2. Comoensation. For the scrvices set forth under Section 1, Attomeys shall be <br /> paid a fee of $20,000. Payment of said fee shall be entirely contingent upon, and shall be due <br /> and payable on the date of, the delivery of the Bonds and shall be payable solely from the <br /> proceeds of the applicable Bonds and from no other funds of the City. <br /> Section 3. Termination of Apreement. This Agreement for Legal Services (Disclosure <br /> Counsel) may be terminated at any time by the City by giving written notice to Attomeys with <br /> ar without cause. In the event of such termination, all finished and unfinished documents shall, <br /> at the option of the City become its property and shall be delivered by Attomeys. <br /> Section 4. Advice and Counsel. It is understood that neither the Attorneys nor any <br /> individual representing the Attorneys possesses any authority with respect to any decision of <br /> the City or any City official beyond the rendition of informarion, advise, recommendarion or <br /> counsel. <br /> ATTY/AGR/2072.004/QUINT THIMMIG <br /> REV:01/12/12 <br /> Page 11 of 12 <br />