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City Council June 3, 1986 <br />City of Pleasanton Page 3 <br /> <br /> 3. The City shall pay from the proceeds of the Bonds all costs and <br /> expenses customarily paid therefrom including the cost of printing <br /> the Bonds and any other documents, the fees and expenses of its legal <br /> counsel, bond counsel, engineers, and of any other experts retained <br /> by the City in connection with the financing. <br /> <br /> It is expressly understood and agreed and the City hereby recognizes <br /> that in performing its activities the Underwriter is acting solely on <br /> its own behalf and plans to submit to the City a proposal to purchase <br /> the Bonds for resale. Nothing herein shall be construed to make the <br /> Underwriter an employee or financial, fiscal or other advisor of the <br /> City, or to establish any fiduciary relationship between the City and <br /> the Underwriter. It is understood and agreed that City shall not be <br /> required to compensate Underwriter for services provided to City <br /> under this agreement. <br /> <br /> 5. This agreement shall extend to the date of sale of the Bonds as <br /> contemplated herein, when the formal bond Purchase Contract is <br /> entered into by the parties. <br /> <br /> 6. Upon termination of this agreement, the City shall be under no <br /> further obligation to the Underwriter hereunder. <br /> <br /> Upon your acceptance set forth below, this letter will constitute an <br />agreement between the City and the undersigned. <br /> <br /> Very truly yours, <br /> <br /> · 'SIONF, & YOUNGBERG ' <br /> <br /> 'Da i/E~,'Rartley~ "' ~' <br /> Ma~agi ng Partner .~ <br /> <br />~.~~.~_~of June , 1 986 <br />~ank C. Br~ndes, Jr .//~_yo~ ' <br /> <br />DEH/pw/O890W <br />cc: Bob Brunsel 1, Sturgi s Ness Brunsel 1 & Sperry <br /> <br /> <br />