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87 FINANCIAL ADVISORY CONTRACT (M.A.C. Form C-l Revised. Standard Form of A.qreement between Political Subdivision and Financial Advisor Covering Issuance of Securities. Form approved by the Municipal Advisory Council for Use of Members Only.) Date February 3, 1982 To: Mayor and City Council City of San Marcos San Marcos, Texas Gentlemen: 1. We understand that you are contemplating the issuance of securities of the kinds, in the amounts, and for the purposes indicated as follows: An undetermined amount of bonds and/or Certificates of Obligation and that in connection with the issuance of these securities you desire tl;1is proposal from us to perform f . I . . th 't f F' . I Ad' f your C1 ty pro esslOna serVIces III e capacI y 0 IllancIa VIsor or _._______.._~______~______._ (hereinafter called "Issuer"). 2. By this proposal we offer our professional services and our facilities as Financial Advisor for the issuance and sale of the above-described securities, and in that capacity we agree to perform the following and to perform such other duties, as, in our judgment, may be necessary or advisable: a. We will make a survey of the financial resources of the Issuer to determine the extent of its borrowing capacity. This survey will include an analysis of the existing debt structure as com- pared to existing and projected sources of income which may be pledged to secure payment of debt service, and where appropriate, will include a study of the trend of the assessed valuation of the Issuer, the taxing power, and the present and estimated future taxing requirements. If the revenues of a system or facility are to be pledged to of the securities in ques- tion, the survey will take into account outstanding obligations which are from the net revenues thereof, additional net revenues to arise from any proposed rate and the additional net revenues as projected by your consulting engineers as a result 'of the improve- ments to be financed the securities We will also take into account your future financing needs and operations as by your staff and/or your consulting and other experts. b. On the basis of the information developed the survey and on the basis of other information our written recommendations on the to the date of issue, interest any other necessary additional to investors. the of the lowest described in above and to us, we will submit will include recommenda- to make the is- based on our best sold under terms most advan- ather considerations. under the direction of the the bond of as may be and certificates in connection Notice the Official documents which you may require. We of the uniform recognized by the as consistent with the securities offered for sale. We will the for your proper and certification. such and certification we will furnish you a of such documents and mail a set af the same to a .list of bidders, a capy of which list shall be to. you upon We will also. sufficient copies of the Official Statement 0.1' Statement to of the securities in accordance with the of the Notice of Sale.