Agmt13 William Euphrat Municipal Finance, Inc.-Water Revenue Bonds

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� � � M b. a summary of the transaction that describes material features so individuals unfamiliar with the issue can become knowledgeable without reading extensive legal documents; c. a review how unexpended bond proceeds were invested; d. a 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; e. final bond sizing analyses, savings reports and final debt service schedules; and, f. a review continuing disclosure requirements. 31. Perform such other duties as are customarily performed by municipal bond financial advisors in connection with the structuring and sale of municipal bonds and which we are competent to perform. If bonds are sold competitively, William Euphrat Municipal Finance, Inc. will take responsibility for managing and implementing all aspects of the sale without participation of a managing underwriter, and will additionally: 32. Recommend sale terms to be included in the official notice of sale and arrange for its distribution to underwriters: 33. Conduct a sealed-bid electronic auction for the sale of the bonds; 34. When bids are submitted, verify the winning and cover bids and recommend award of the securities to the highest bidder if such award will permit the financing to proceed within acceptable interest rate levels; 35. Prepare a closing flow of funds memorandum for the financing team and the purchaser in order to coordinate the delivery of funds among the successful purchaser, bond fiscal agent, and the county (if it will hold construction funds); and, 36. Perform such other duties as are customarily performed by municipal bond financial advisors in connection with the competitive structuring and sale of municipal bonds and which we are competent to perform. Upon completion of the bond issue William Euphrat Municipal Finance, Inc. will prepare a post- sale summary report in which it will: 37. Provide a summary of the City's major duties and responsibilities; 38. Provide a summary of the transaction that describes material features so individuals unfamiliar with the issue can become knowledgeable without reading extensive legal documents; 39. 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; Agreement over$10K 12 City Attorney Approved Version 012611