O-1959-563 - Laserfiche WebLink

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~ ~ • (ORIGID'AL IS IN CONTRACT BOX) EXHIBIT "A" To the Honorable Mayor and City Council City' of Le Porte La Port@, Texas Gentlemen In connection with the ecmtemplated. future grc~th of the City of Le Forte and the resultant need for additional borrowing for all City purposes, I propose to act as Fiscal Agent for the City under thg following terms and conditions: I will stand ready at all times to advise with the City Council on any additional Bonds or Warrants that it proposes to issue, or refunding of outstanding Bonds or Warrants, and to make detailed • studies of each separate item as presented. In this connection I will assist the Gity Council in determining maturity schedules, interest rates, amount of tax levy required, if any, and any change in water or sewer rates, if rer~,uired. Furthermore, I gill be available for consultation on any general subjects relating to the City's financial position. I agree to make available at my aaan. expense a firm of recognized market attorneys acceptable~to the City and myself to prepare all necessary orders and certificates incident to the issuancte of axe Booms or I~arrants and for any refundix~, and I agree to pay the fee of `( this market attorney and to reimburse him for his expense. • I I a ee to furnish the printed bond forms on each is~.te and to pay any other expenses v~hich I might have incurred. VPhen Bonds are authorized and ready for sale, I agree to me~ke up a fu11 and complete financial state~ztt of the City of La Porte and to pxepare proper notice to bidders end bid farms so that Bonds might be sold on advertised competitive bids. For and ixz consideration of ~ services, the City of Ia PartE: agrees to pay me a cash fee car fees ae follcwass {lj On any refunding of non-optional bonds, the City wil.I. pay mu a cash fee equivalent to three per cent (3~) of the principal amount of bonds refunded.