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and costs: <br /> <br />(a) <br /> <br />The legal fee of Bond Counsel shall be an amount <br />equal to one percent (1%) of the net proceeds of <br />bond issues. The fee shall be payable from time <br />to time upon delivery of each series of bonds. <br /> <br />(b) <br /> <br />"Net proceeds of bond issues" shall mean the <br />total amount of each bond issue less the discount <br />on the sale of the bonds, if any, and less the <br />allowance for a bond reserve fund. <br /> <br />(c) Costs shall be reimbursed to Bond Couhsel as <br /> follows: <br /> <br />1) The cost of transportation. <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. <br /> <br />4. Bond Counsel certifies that it has no interest, <br /> <br />either direct or contingent, in any property or contract arising <br /> <br />from Or affected by the assessment district, except as Bond <br /> <br />Counsel under this agreement. Bond Counsel does not represent <br /> <br />3 <br /> <br /> <br />