RES 81123 - Laserfiche WebLink

'(i) Arrangements for the printing of improvement bonds to represent unpaid assessments,.including the printing of a bond register and, if required, assessment installment notices. (j) The preparation of a record of assessment installments for the use of the County Auditor, if required. (k) Arrangements for the sale of improvement bonds either by negotiation Or by public bid, at the option of City, in- cluding a review of!financial disclosure requirements and, if required, the preparation of the notice inviting bond bids. (1) The preparation of bond delivery documents. (m) The rendition of a legal opinion on the validity of the improvement bonds and the proceedings leading to their issuance. 2. The services of Bond Counsel under this agreement shall not include the following: (a) Legal services in connection with the_acquisition of interests in real property, either through negotiation or through exercise of the power of eminent domain. (b) Legal services in connection with litigation. The performance by Bond Counsel of services excluded by this paragraph, if required by City, shall be under separate oral or written agreement. 3. In consideration of the services set forth in paragraph 1, City shall pay to Bond Counsel the following fee and costs: (a) The legal fee of Bond Counsel shall be a scaled percentage of the project cost set forth in the engineer's report as finally approved under Section 10312 of the Streets and Highways Code. The "project cost" shall be deemed to include estimated construction cost, estimated or actual payment for the acquisition of existing improvements and real property, payments to other public agencies or utilities, capacity charges, and contingency amounts. The "project cost" shall be deemed to exclude engineering, legal, right-of-way and other consulting or professional fees, inspection fees, bond printing costs, allowance for selling improvement bonds at a discount, and any other incidental expenses of the project. -2-