Industrial Development Certificate of Resolutions Agreement to Issue Bonds

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.~ e e '0 . >) REYNOLDS, ALLEN & COOK INCORPORATED . ATTORNEYS WASHINGTON OFFICE ALAN H. RAYNOR HOUSTON, TEXAS 77002 713-65I-1300 TELEX: RAC HOU 79-1164 1707 r. STREET. N.W. WASHINGTON. D.C. 20036 /2021 223-4880 1100 Mll..AM BUII.DING. 16TH FI.OOH October 5, 1982 Knox W. Askins, J.D., P.C. Attorney at Law 702 West Fairmont Parkway P. O. Box 1218 La Porte, Texas Dear Mr. Askins: Mr. Joe Reynolds has referred to me your letter to him of September 27, 1982, inquiring into whether our firm would be interested in providing legal services in connection with financings by the City of La Porte Industrial Development Corporation (the "Development Corporation"). We have assumed that your request is with respect to whether we would be interested in serving as bond counsel for such financings. Attached is a proposed engagement letter outlining the scope of our involvement as bond counsel and our fee schedule. Such fee schedule is for a financing which involves documentation of the type normally used in such financings and does not cover additional charges which might have to be made for services beyond the scope outlined therein. You have specifically indicated interest in financings involving issues of $500,000 or less. We recognize that such issues are of great importance to many cities. However, it has been our experience that, to a great extent, the fact that an issue is of a lesser principal amount does not necessarily decrease the amount of legal work required on the part of bond counsel to bring the issue to a successful conclusion. In fact, we have often experienced the opposite to be the case. We certainly do appreciate the inquiry which you have made of our firm and hope that we have been responsive to your request. If you heed any further information, please do not hesitate to contact Mr. M. Paul Martin or the undersigned. cc: Mr. Joe Reynolds Mr. M. Paul Martin