10-01-03 La Porte Redevelopment Authority Meeting minutes

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1. Method ofSa1e. Evaluate the particular financing being contemplated, giving consideration to the complexity, market acceptance, rating, size and structure in order to make a recommendation as to an appropriate method of sale, and: a. Ifthe Debt Instruments are to be sold by an a vertised competitive sale, FSC will: (1) Supervise the sale of the Debt Ins ments, reserving the right, alone or in conjunction with others, to submit a bid or any Debt Instruments issued under this Agreement which the Issuer advertises or competitive bids; however, in keeping with the provisions of Rule G-23 of the nicipal Securities Rulemaking Board, FSC will est and obtain written conse to bid prior to submitting a bid, in any instance installment of such Debt Instruments; to prospective bidders, organize such informational meetings as may b eces ary, and facilitate prospective bidders' efforts in making timely submission of p er bids; (4) Advise the suer regarding the best . d and provide advice regarding acceptance or rejection of he bids. b. If the Debt nstruments are to be sold by negotiated (1) Rec mmend for Issuer's final approval and acceptance 0 bankin firms as managers of an underwriting syndicate for the purpo the p rchase of the Debt Instruments. of negotiating " I (2/ Cooperate with and assist any selected managing underwriter and their counsel in connection with their efforts to prepare any Official Statement or Offering I Memorandum. FSC will cooperate with and assist the underwriters in the preparation of a bond purchase contract, an underwriters agreement and other related documents. The costs incurred in such efforts, including the printing of the documents, will be paid in accordance with the terms of the Issuer's agreement with the underwriters, but shall not be or become an obligation of FSC, except to the extent specifically provided 3