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RES 83302
City of Pleasanton
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CITY CLERK
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1983
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RES 83302
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11/2/2012 12:06:55 PM
Creation date
2/3/2000 12:29:50 AM
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CITY CLERK
CITY CLERK - TYPE
RESOLUTIONS
DOCUMENT DATE
7/26/1983
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paragraph 1, Client shall pay to Bond Counsel the following fee <br /> <br />and costs: <br /> <br />(a) <br /> <br />The legal fee of Bond Counsel shall be a scaled <br />percentage of the amount assessed as set forth in <br />the engineer's report as finally approved under <br />Section 10312 of the Streets and Highways Code. <br /> <br />(b) <br /> <br />The legal fee shall be an amount equal to two and <br />one-half percent (2-1/2%) of that portion of the <br />amount assessed not exceeding $1 million, plus <br />one percent (1%) of that portion of the amount <br />assessed exceeding $1 million. The fee shall be <br />not be less than $1,500.' <br /> <br />(c) Costs shall be reimbursed to Bond Counsel as <br /> follows: <br /> <br />1) The cost of transportation, meals and <br />lodging. <br /> <br />2) The cost of preparing auditor's record, <br />if required: 7 cents per assessment for each <br />year of the bond issue, with a minimum of <br />$30.00. <br /> <br />3) The cost of long distance telephone <br />calls: at billed cost. <br /> <br />4) The cost of photocopying: 10 cents per <br />sheet. <br /> <br />The cost of other services for which Bond Counsel <br />makes arrangements under this agreement (such as bond <br />printing costs) shall be billed to the Client and <br />shall be paid by Client directly to the payee. <br /> <br />(d) <br /> <br />Payment by Client of the legal fee is contingent <br />upon the levy of assessments and the sale and <br />delivery of improvement bonds representing unpaid <br />assessments in the assessment district. If for <br />any reason, assessments are not confirmed and <br />bonds delivered, Bond Counsel shall be paid no <br />legal fee. Both the legal fee and costs are <br />payable upon delivery of the bonds. <br /> <br />4. Bond Counsel certifies that it has no interest, <br /> <br /> <br />
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