Laserfiche WebLink
<br /> City of San Marcos -3- Oc tober 9, 1985 <br /> thirty (30) days after receipt of our statement. The above <br /> quoted rates are subject to review annually and are currently <br /> our rates to our municipal clients. <br /> Firm time records are processed by our in-house computer. We <br /> maintain strict confidentiality of all client records. <br /> For your convenience, our Texas WATS number is 1-800-5071. <br /> It is our intention to give your legal matters prompt and ex pe- <br /> ditious attention, and if we fail to do so at any time, we <br /> invite your immediate inquiry. <br /> These were our fees for the acquisition of the following water <br /> utilities: <br /> Starbright Water Company (very small system) - $ 2,000 <br /> Valencia Water Company ----------------------- 27,000 <br /> Lackland City Water Company ------------------ 21,000 <br /> The difference in the fees was that in the case of Starbright, <br /> there were no negotiations, no title or lien problems, and all <br /> we did was prepare the papers on a deal previously negotiated. <br /> In the case of Valencia and Lackland City Water Company, we <br /> were required to negotiate for the client as well as clear up <br /> troublesome title and lien problems. In addition, in the case <br /> of Valencia, creative financing was required. We had a problem <br /> under our trust indenture related to obligating the City Water <br /> Board for debt under circumstances where our current bondhold- <br /> ers held a first lien on our revenue. <br /> The above information should assist you in getting a handle on <br /> our costs for the acquisition of the water system in San <br /> Marcos. <br /> If the agreement set out herein is acceptable to the City of <br /> San Marcos, we would appreciate your signing the enclosed copy <br />