2018-060 Ordinance - Laserfiche WebLink

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MAS Financial Advisory'Services LLC City of North Olmsted (g) With respect to competitive sales, assist to draft the notice of sale that is consistent with City approved debt issuance. Upon the receipt of the competitive bids, we will assist to determine the lowest and best bid. (h) Assist in selecting a date for the issuance of the debt and advise the City of current conditions in the relevant debt market, upcoming bond issues, and other general information and economic data which might reasonably be expected to influence the interest rates or bidding conditions. (i) Maintain liaison with the bond attorneys selected by the City and any other attorneys that may be a party to the transaction and assist in all financial advisory aspects involved in the preparation of appropriate legal proceedings and authorizing documents. (j) Review and comment on the preparation of the City disclosure documents including the Preliminary Official Statement, Official Statement or Private Placement Memorandum and any other material pertinent to the disclosure of the transaction's terms and conditions. In this regard, it is understood that one or more of the bond attorneys, your counsel or counsel to the purchasers of the d e b t or counsel to the third party to any transaction will issue an opinion to the effect that the disclosure document does not contain an untrue statement of a material fact or omit to state a material fact necessary in order to make the statements contained therein, in light of the circumstances under which they were made, not misleading (subject to market exceptions). (k) Assist in the assembly and transmittal to the bond attorneys of information provided by or on behalf of the City that is requested by the bond attorneys in connection with the preparation of the documents evidencing the legal proceedings for the debt issuance and, if required, any proceedings that are necessary for an election to authorize the debt. (1) Assist to make arrangements for the verification by an independent agent of any calculations incident to the debt that is required. (m) Assist in the selection of third party service providers that may be necessary to engage for the debt issuance. (n) Make recommendations to the City on the matter of credit rating(s) for the proposed debt. Upon the request of the City, MAS will coordinate the preparation of the information to be submitted to any rating agency. In those cases where it is appropriate to present personally information to any rating agency, MAS will arrange for and assist in such presentation. (o) Make recommendations to the City as to the advisability of obtaining municipal bond insurance or other credit enhancement, or qualifications for such insurance or enhancement, for the debt. When directed by the City, MAS will coordinate the preparation of such information as is required for submission to the appropriate company, institution or institutions. In those cases where the advisability of personal presentation of information to the appropriate company, institution or institutions, may be indicated, MAS will arrange for and assist in such personal presentations. 2