Res 1994-022 - Laserfiche WebLink

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l 7~ J. FSWC will make recommendations to the Issuer as to the advisability of obtaining a credit rating, or ratings, for the Debt Instruments and, when directed by the Issuer, FSWC will coordinate the preparation of such information as, in its opinion, is required for submission to the rating agency, or agencies. In those cases where the advisability of personal presentation of information to the rating agency, or agencies, may be indicated, FSWC will arrange for such personal presentations, which will include two representatives from the Issuer. ~- k. FSWC will assist the staff of the Issuer at any advertised sale of Debt Instruments in coordinating the receipt and tabulation and comparison of bids and FSWC will advise the Issuer as to the best bid. FSWC will provide the Issuer with its recommendation as to acceptance or rejection of such bid. 1. As soon as a bid for the Debt Instruments is accepted by the Issuer, FSWC will proceed to coordinate the efforts of all concerned to the end that the Debt Instruments may be delivered and paid for as expeditiously as possible. FSWC will assist the Issuer in the preparation or verification of final closing figures incident to the delivery of the Debt Instruments. m. FSWC will maintain contact with Bond Counsel in the preparation of all legal documents pertaining to the authorization, sale and issuance of the Debt Instruments. It is presumed that Bond Counsel will provide an unqualified legal opinion as¡ to the legality of the issuance of the Debt Instruments at the time of delivery. n. If requested, FSWC will counsel the Issuer with respect to the selection of a Paying Agent/Registrar for the Debt Instruments, and FSWC will assist in the preparation of agreements pertinent to these services and the fees incident thereto. o. In the event formal verification by an independent auditor of any calculations .- incident to the Debt Instruments is required, FSWC will make arrangements for such services. p. FSWC agrees to do, or cause to b'e done, all work incident to printing of the Debt Instruments, obtaining approval, as may be required by the Attorney General, registration by the Comptroller of Public Accounts and delivery to the purchaser. q. After the closing of the sale and delivery of the Debt Instruments, FSWC will deliver to the Issuer a schedule of annual debt service requirements on the Debt Instruments. In coordination with Bond Counsel, FSWC will assure that the Paying Agent/Registrar has been provided with a copy of the authorizing ordinance, order or resolution. r. FSWC will be represented at any and all meetings of the governing body of the Issuer, its staff, representatives or committees as requested at all times when FSWC may be of assistance or service and the subject of financing is to be discussed. s. FSWC will advise the Issuer and its staff of changes, proposed or enacted, in Federal and State laws and regulations which would effect the municipal bond market. t. FSWC will work with the Issuer, its staff and any consultants employed by the Issuer in developing financial feasibility studies and analyzing alternative financing plans. 4. In addition to the services set out above, FSWC agrees to provide the following ! services when so requested: ~ - a. FSWC will provide its advice as to the investment of certain funds of the Issuer. FSWC will, when so directed, purchase those investments authorized to be purchased and FSWC will charge a normal and customary commission for each such transaction. b. FSWC will provide its advice and assistance with regard to exercising any call and/or refunding of any outstanding Debt Instruments. 3