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Res 2018-119/approving a contract to P3Works for consulting and administrative services for Trace Public Improvement District
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Res 2018-119/approving a contract to P3Works for consulting and administrative services for Trace Public Improvement District
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7/30/2019 1:24:13 PM
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6/29/2018 9:06:15 AM
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City Clerk - Document
Resolutions
City Clerk - Type
Contract
Number
2018-119
Date
6/19/2018
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2. P3 Works will request from developer the reports due pursuant to the developer disclosure <br />agreement and disseminate these reports pursuant to the disclosure agreement. <br />3. Upon notification by any responsible party or if P3Works independently becomes aware of <br />such knowledge, P3Works will prepare notices of material events covering the events <br />enumerated in the disclosure agreements. <br />4. P3Works will coordinate with the Trustee to disseminate the annual reports, quarterly reports <br />from the developer, and notice of significant events to the Municipal Securities Rulemaking <br />Board (MSRB) and any other parties required in the continuing disclosure agreement. <br />Developer Payment Request Administration <br />1. P3Works will review all developer payment requests to ensure the request complies with the <br />PID Financing Agreement, the District service and assessment plan, and any other relevant <br />provisions contained in the District documents. <br />2. P3 Works will audit the developer payment request to ensure there is proper backup <br />documentation and that the accounting is accurate. <br />3. P3Works will coordinate with the City's designated representative to ensure the <br />improvements were built to the standards of the accepting governing body. <br />4. P3Works will ensure improvements to be dedicated are free and clear of all liens and <br />encumbrances. <br />Consulting ervices Relating to Future Im rovement Areas and related Bond Issuance to be Vaid <br />from Developer funds advanced to City) <br />1. P3Works will update the Service and Assessment Plan to comply with Bond documents. <br />2. P3Works will prepare an updated Assessment Roll including the future Improvement Area <br />3. P3Works will coordinate with City's bond counsel, financial advisor, and the bond <br />underwriter to ensure the Bonds and all related documents are in compliance with State Law. <br />4. P3 Works will prepare any additional reports or analyses as needed to successfully issue the <br />Bonds. <br />8 <br />
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