1992-05-18 Regular Meeting - Laserfiche WebLink

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e e - Mr. Robert Herrara City of La Porte May 12, 1992 Page 6 ..,- TERMS AND CONDITIONS Our advisory services will not ascertain the legal or regulatory requirements applicable to this project such as governmental regulations, permits and licenses. Further, no effort will be made to determine the possible effects on this project of present or future federal, state or local legislation including environmental or ecological matters or interpretations thereof. Our advisory services will be based on the scope of work defined herein. We cannot be held responsible for marketing efforts and other management actions on which future performance of the hotel will depend. - - The report and financial information will be based on estimates, assumptions and other information developed from our research of the market, knowledge of the industry and meetings with you and your associates during which we will be provided with certain information. Information will be gathered from a variety of sources and will include opinions and impressions for which we cannot be responsible. All information provided to us will not be audited or verified and will be assumed to be correct. The sources of information and the bases of the estimates and assumptions will be stated in the appropriate sections of our report. Some assumptions inevitably will not materialize and unanticipated events and circumstances may occur; therefore, the actual results achieved during the analysis period will vary from those described in the report, and the variations may be material. - ~ . I . . I I II I - I We will have no obligation to update our report for events and circumstances occurring after the date of our report. However, we will remain available to discuss the need for revision should the occasion arise. Coopers & Lybrand will make no representation or warranty as to the accuracy or completeness of the information contained within any presentation we might produce in conjunction with this engagement, including any estimates, and shall have no liability for any representations (expressed or implied) contained in, or for any omissions from, our presentations. Our report and the financial analyses contained therein are intended solely for your internal use and should not be relied upon for any other purpose, or by any other entity. Neither the report nor their contents may be used or quoted in any offering circular, loan document, registration statement, prospectus, sales brochure, appraisal or other agreement or document.