17-Move to approve a financial advisory contract with Southwest Securities

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Honorable Mayor and City Council City of Paris Page 2 d. If a bond election is required, we will assemble and transmit to the bond attorneys such data as may be required in the preparation of the necessary petitions, orders, resolutions, notices and bonds; and will assist your governing body in the expeditious handling thereof. We will arrange for the delivery to such official as you may designate such sets of election supplies, including ballots as are required for each polling place. The cost of such supplies is to be paid by the City. We will represent and assist the City in the preparation and submission of any application for financial assistance to the Texas Water Development Board ("TWDB") as well as representing you at the appropriate TWDB approval hearing(s). If the TWDB loan requires the obligations to be delivered in installments versus the traditional single delivery, then our fee will be increased by 20%. We agree to assist in the preparation of an Official Statement or other offering document containing official data and other information of the nature and to the extent ordinarily required in bidding on obligations of this type, all of which we are to furnish in sufficient copies to permit mailing to prospective bidders, a list of which we agree to provide. The costs of printing and electronically posting/distributing such Official Statements and any document duplication and delivery costs are to be paid by the City. g. We will advise you of current bond market conditions, forthcoming securities issues and other general information and economic data which might normally influence interest rates or bidding conditions, so that the date for the sale of any obligations in the open market can be set at a time which, in our opinion, will be favorable. h. We agree to conduct and handle the sale and delivery of the obligations whether sold at competitive or negotiated sale(including TWDB). We will arrange for the printing of the obligations, if the City should choose not to issue book-entry bonds, the cost for which is to be paid by the City. 3. We will consult with you on the matter of bond ratings for the proposed issues and, when so instructed, will direct the preparation of such information as, in our opinion, is required for submission to the bond rating agencies. In case it is considered advisable for a personal presentation of information to the bond rating agencies, we will be available to accompany City representatives to Dallas, Texas or New York, New York for such presentation. All costs of such presentation, including any fees or charges of the rating agencies and the aost of travel by ourrepresentative shall be at the City's expense. 4. If appropriate, we will direct the preparation of such information, as in our opinion, is required for submission to the municipal bond insurance companies for consideration to qualify the proposed issue for municipal bond insurance. The cost of such insurance is to be paid by the successful purchaser of the proposed issue or directly by the City, as circumstances dictate. 5 We agree to direct and coordinate the entire program of financing herein contemplated and to assume and pay our own travel, communication and out-of-pocket expenses. It is specifically understood and agreed, however, that this obligation on our part shall not cover payment of any local election expenses; nor shall it cover the cost of publication of notices in newspapers nor other publication costs, the fees of the State of Texas Attorney General, nor the expenses of any litigation.