RES 3450 - Laserfiche WebLink

In the event City shall desire to have Special bond Counsel conduct proceedings for acquisition and/or condemnation proceedings, if neces- sary, compensation for any such additional work shall be a reasonable amount to be approved by the'City Council of the City of Pleasanton. 4. Preparation of proceedings, notices and other papers shall not include preparation of duplicate copies which might be re- quired for notice to property owners or otherwise, nor shall it include any work in connection with the addressing of envelopes or othercleri- cal work in connection with supplying or mailing notices to property owners. 5. Special Bond Counsel shall receive as compensation for the doing and performance of said work the sum of three per cent (3%) of the cost of the project, but in no event shall the amount of compen- sation which Special Bond Counsel receives be less than $1,500.00. The cost of the project shall include the total cost of the construc- tion of improvements, plus contingencies. In determining costs, how- ever, incidental expenses shall not be considered. 6. Said compensation shall be paid to Special Bond Counsel by City out of the proceeds of the collection of assessments and the sale of bonds to be issued in said proceedings. 7. All services provided for herein to be performed by Special Bond Counsel shall be deemed terminated and concluded if, as and when special assessment bonds are issued, and the legal opinion is issued thereon. 8. In the event said proceedings are not carried through to conclusion, or shall be abandoned, then Special Bond Counsel shall receive nothing. IN WITNESS WHEREOF, the parties hereto have hereunto sub- scribed their names, City by its Mayor, attested by its City Clerk, the day and year in this agreement first above written. CI~F.PLEA~ANTON,~m~nicipalBy~,~.~/~_~z~ corporation ATTEST: ~/ Maydr "CITY" City Cler'~ "SPECIAL BOND COUNSEL" -2-