RES 90056 - Laserfiche WebLink

(h) The preparation of a record of assessment installments for the use of the County Auditor, if required. (i) Arrangements for the sale of refunding bonds either by negotiation or by public bid, at the option of Client, including a review of financial disclosure requirements and, if required, the preparation of the notice inviting bond bids. (j) The preparation of bond delivery documents. (k) The rendition of a legal opinion on the validity of the refunding bonds and the proceedings leading to their issuance. (1) Preparation of a transcript of the legal proceedings in loose-leaf form for the use of the Client. (m) Preparation of the required reports to the California Debt Advisory Commission (pursuant to Section 8855 et seq. of the Government Code) and to the Internal Revenue Service (pursuant to Section 149 of the Internal Revenue Code of 1986). 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 Client, shall be under separate oral or written agreement. 3. In consideration of the services set forth in paragraph 1, Client shall pay to Bond Counsel the following fee and costs: (a) The legal fee shall be an amount equal to one and one-quarter percent (1 1/4%) of that portion of the amount assessed not exceeding $1 million, plus one-half of one percent (1/2%) of that portion of the amount assessed exceeding $1 million.