Res 1979-081 - Laserfiche WebLink

Home Browse Search

I I I preparation or verification of final closing figures, and when requested, will provide suggestions on a program of temporary investment of bond proceeds consistent with the Corporation's mortgage revenue bond program timetable. k. We agree to do, or cause to be done, all the work incident to printing of the Bonds, and delivery to the Underwriters. 1. We will maintain 1 iaison with General Counsel, Bond Counsel and counsel to the Underwriter., if any, in the preparation of all legal documents pertaining to the authori zation, issuance and del i very of the Bonds. Bond Counsel wi 11 furnish an unqualified approving legal opinion on the Bonds at the time of delivery. m. After closing, we will deliver to you a schedule of annual debt service requirements on the Bonds. We will furnish to the paying agent or paying agents a copy of the authorizing ordinance. n. We will attend any and all meetings of your Board, or any representatives thereof, as desired by you, whenever we may be of assistance. o. The following costs associated with the issuance of the Bonds will be paid by the Corporation from the proceeds of the Bonds: General Counsel fee and expenses Administrator fee Bond Counsel fee and expenses Printing, hand1i.ng and mailing expenses of Official Statement and related documents Information meeting expenses, including travel Rating agency fees and travel in obtaining same De 1 i very expense Bond printing and handling expenses Feasibility consultant fee and expenses B1 ue Sky fees, if any Trustee bank fee and expenses 7. The Board, in recognition of services to be performed by the Underwriter, agrees to consider the terms and conditionS of the Bond Purchase Agreement. It is understood that the Underwriter is to be compensated by the sale and delivery of the Bonds by the Corporation at an agreed upon price established as a percentage of par value of the Bonds plus accrued interest and at interest rates acceptable to the Board. 8. The Corporation will not be obligated to accept any offer by the Underwriter set out in a Bond Purchase Agreement, but only to consider it in good faith. The Corporation further agrees that this Agreement is exclusive, and that so long as the Underwriter is diligently pursuing the issuance of the Bonds, the Corporation shall not enter into any other fiscal agreement or arrangement, or pursue any course of action for the financing contemplated by this Agreement. -3-