RES 93083 - Laserfiche WebLink

AGREEMENT FOR UNDERWRITING SERVICES THIS AGREEMENT. made this day of June , 1993 by and between the City of Pleasanton. (hereinafi~r called "City."), party. of the tirst part, and PAINEWEBBER INCORPORATED, 725 S. Figueroa Street. 41st Floor. Los Angeles, Califorma. (heremallet called "Under~mter"), party. of the second part: WITNESSETH WHEREAS, the City. is takin~ c~rtam actions to form four Coasolith_~__nt Reassessm~nt Districts (hereinafter called "Districts"), to refund ~ assessment district bonds pursuant to the Refunding Act of 1984 for 1915 Improvement Act Bonds, as atomfled (Section 9500 et seq of the Streets and Highways Code of the State of Califorma); and WHEREAS, the City., miencling to sell bonds on behalf of th~ District's to refund said bonds, requires the services of an inve~hkkent banking firm experienced in financial consulting and mumcipal underwriting to assist it in structuring a cost-effectiv~ ovwail financing patkay; and WHEREAS, the Pleasanton Joint Powers Financing Authority ~r called the "Authority"), ~ to seal bonds on behalf of the Authority to pttw. ha~ t!~ Districts bonds. requires the services of an investment banking film experienced in financial consul,"_- and mtmi~ml underwriting to assist it in strttctuting a cost~ve overall financing pac. ka!~ to coorrli'',,t-- t!~ marlciting and distribution of the Authority's bonds and to purchase those bonds firore th~ AutlxaiW at ntllotiated sale: and NOW THEREFORE, it is mu,-,,ny aSXe~ as follows, to wit: The City hetty employs the Und~wvittr and the Underwriter hn'et~y accepts such employment from the City to perform the services upon the ttrms, subject to the conditions and in consideration of the " payments as iaemna~r set forth: SerVices to be Pefforn~ t~Y the ljndwwntz~. 1. .Imm~le, review and analyze all the available financial and el:zomic data and information, that my hav~ a Sena'al beann~on th~ City's ~ prom'am- 2. Assist the City's Bond Counsel and ~ Counsel with t!= pr=paration of the zzssary sold. including timing and method of sak, amortiz~m and repayment sc. txedu~ call and r~dnnlrtion leanIres, provisions ~ th~ issuanc~ of addila'cmni obligations, covenants and other provisions ~ to secut~ the best possible ~tin~ and/or the low=st possible inttm~ rates attainable on the bonds. 3. Prepar= the text and other material for an Official Statmaeat describing the bonds, the security for the bonds, the improvements being financed with the bond proceeds, th~ City, the Authority. and the Dismcts.