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. ,. _. i • <br />BAKER & BOTTS <br />OTHER OFFICES: ONE SHELL PLAZA <br />WASHINGTON, D. C. TELEPHONE: (713) 229-1234 <br />DALLAS 910 LOUISIANA TELECO PIER:(713) 229-1730 <br />AUSTIN HOUSTON, TEXAS 77002-4995 TELE X:76-2779 <br />G-40,651 May 11, 1987 <br />LA PORTE AREA WATER AUTHORITY <br />(Bond Financing) <br />La Porte Area Water Authority <br />P. O. Box 1115 <br />La Porte, Texas 77571 <br />Gentlemen: <br />This will confirm the essential provisions of our <br />employment as special bond counsel for the La Porte Area <br />Water Authority (the "Authority") in connection with the <br />issuance and sale of the Authority's bonds to finance the <br />acquisition of an interest in in the Southeast Water <br />Purification Plant under construction by the City of Houston <br />and the construction or acquisition of a transmission system <br />and a distribution system to deliver water from such plant <br />to the Authority's customers. <br />Our services in this regard, in addition to those <br />previously rendered, will consist primarily of further re- <br />view of the contract between the Authority and the City of <br />Houston regarding the Southeast Plant, further review of the <br />contracts between the Authority and its customers, the prep- <br />aration of the resolution authorizing the issuance, sale and <br />delivery of each series or installment of bonds, the prepa- <br />ration of the usual sale papers required in connection <br />therewith, including certificates relating to the exclusion <br />of interest on the bonds from federal income taxation; <br />obtaining the approval of the bonds by the Attorney General <br />of Texas; and rendering the customary market opinion with <br />respect to the validity of the bonds and the status of <br />interest thereon under applicable federal income tax law. <br />Our services will also include assistance in connection with <br />an application to the Texas Water Development Board for <br />financial assistance. <br /> Our fee for such services shall be two percent <br /> (2~) of the par value of each series or installment of <br /> bonds. ' <br /> ~~?s-~ee~ and reasonable ex <br />enses incurred in ~~ <br /> p <br />connection. wit~y bond issue. <br /> '~ <br />rs <br />e~i~.s ~~ s~a./f „~~1~~. v1( u~~~~ <br />J <br />~~~~ <br />~~ <br />