R-2005-12 (see sticky note/resolution was on 7/25/05 agenda) authorizing sale of $1.8 million in certificates of obligation

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e e Mayor and City Council Members City of La Porte June 22, 2005 Page 3 enforceability of security agreements, indentures and other documents related to the Bonds and the security therefor; (17) Attendance at rating agency presentations, investor meetings or other presentations relating to the marketing of the Bonds and consultation with City officials, staff and advisors and the City's financial advisor to develop such presentations; and (18) Any other service necessary to the planning, authorization, issuance, sale and delivery of the Bond issues, as may be appropriate. In addition to the foregoing Basic Services, as Bond Counsel, Andrews Kurth is prepared to undertake the following Additional Services, as directed by the City: (1) Disclosure work or similar services (other than the preparation of certain sections of the offering documents for the Bonds as described in paragraph (3) under Basic Services above) to assist the City in the preparation of such offering documents, on such basis and to such extent as shall be directe!i by the City; (2) Preparation of the "Blue Sky" surveys or securities registration services; (3) In the case of a series of Bonds, or a portion thereof, that is issued to refund prior bonds of the City, providing advice regarding federal income tax and other issues unique to refunding transactions; (4) In the case ofa series of Bonds bearing interest at a variable rate, assistance in the negotiation and drafting of a standby bond purchase agreement or liquidity facility with an appropriate liquidity provider and review and negotiation of any other documents or issues relating to the issuance of variable rate bonds; (5) Any other special services not ordinarily required in connection with the issuance of obligations of the nature of the Bonds, including services rendered in connection with special federal income tax issues, unusual issues arising in connection with the City's financial reports or audits, any documentation or related services for credit or liquidity facilities or enhancements or other special structuring techniques or devices to be employed in connection with the issuance of any series of the Bonds; and (6) After the closing of any series of the Bonds and upon specific request of the City, providing assistance to the City concerning questions and issues that may arise prior to the maturity of the Bonds. For the Basic Services perfonned for each series of "new money" Bonds, Andrews Kurth would be paid a fee that would be calculated on the basis of 85~ per each $1,000 in proceeds of HOU:2467427.\