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86% 4 f,1,E ! <br />OCT211981 <br />SOUTH BEACH WATER SYSTEM - FINANCING PROPOSAL <br />The Board reviewed the following proposal from Arch W. <br />Roberts & Co. and The Leedy Corp.: <br />0 <br />October 12, 1981 <br />:honorable Chairman and Mt -,hers <br />iridian Pdver County <br />Board of County Camarassioners . <br />2145 14th Avenue <br />Vero Beach, Florida 32960 <br />Gentlemen : <br />Arch W. Roberts & Co. and The Leedy Corp. are delighted to have beer= selec*_ed <br />by you to serve as investment banker's for the fin,nci.rg of the South Bea,.I; and <br />mainland additions to the South County Water. Systen. We deeply appreciate the <br />confidence in our capabilities and expertise whdch t`,at dacysicn acticulates. <br />e pledge to place the highest priority upon our respective fin's to}-,� <br />I- <br />resources in order to meet the needs of your f ir-ilzc'_ng. <br />�t4ac;ied to this letter is a prcposeed contract to be entered into b1T tree B,---rd <br />to <br />., <br />of Co:i^.t-y C—mmissioners and our firths. phis co:�tract has been reviewed �tiw;, <br />the County Attorney and we understand he will advise the c,--- rwssion of his <br />apprcrura i of the docwrent as to form a1 -,-j correctness. <br />I,, wi`ir, the T�r��'lOUS contract for tkie l.ni tial Eir ci ng Of tYl� South v� 1L1T'i�.4 <br />,,vats- ,. ste,. ; P.O CO?i:pC'I1sa+-ion- would r•? due and payer le to our firms ria yO: `.0 <br />the closing of the fir:ancings, and then or:ly frc a the proceeds of the <br />financing. <br />We w?1.1 be present at your meeting cr Dctober 21 to ansae: any quest -o;1= you <br />myi, have sn regard to the contras::. or any other asper'`� of the fiz�a.ag. <br />Vet_y truly yours, <br />,RCF. W. RCL -FACS- a :: . <br />THE, LEM�' CORP. <br />Z,tanl ey L. La vena . <br />