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�Q F�GE �4� <br />JUL 14.1982 . <br />JUDSON FREEMAN <br />RAY W. RICHARDSON, JR. <br />JOHN F. KELLY <br />A. GRAHAM ALLEN <br />JOHN L. MCWILLIAMS,III <br />JUDSON FREEMAN, JR. <br />ROBERT O. FREEMAN <br />WILLIAM D. BRINTON <br />PETER L. DAME <br />1200 BARNETT BANK BUILDING <br />JACKSONVILLE, FLORIDA 32202 <br />(904) 353-1264 <br />Mr. Gary M. Brandenburg <br />Attorney at Law <br />2145 14th Avenue <br />Vero Beach, Florida 32960 <br />June 21, 1982 <br />Re: $7,000,000 Indian River County, Water <br />and Sewer Revenue Bonds, Series 1982A <br />t <br />Dear Gary: <br />GILES J. PATTERSON <br />(IBBS-1963) <br />FRANK L. WATSON <br />OF COUNSEL <br />It is our understanding that the County desires our firm <br />to serve as bond counsel to the County for the above bond issue. <br />It is also our understanding that the above bonds will be payable <br />on a parity with the Series 1982 bonds to be purchased by Farmers <br />Home. <br />We propose that our fee for serving as bond counsel to <br />the County for the above proposed bonds'be fixed at $15,000 plus <br />our out-of-pocket expenses. If interim financing in the form of <br />bond anticipation notes will be required in this issue, we pro- <br />pose that our fee as bond counsel to the County with respect to <br />any bond anticipation notes be fixed at $10,000 plus our out-of- <br />pocket expenses. This note fee is quoted in anticipation of.a <br />request by the investment bankers to use some form of --escrow <br />agreement. If an escrow arrangement is not used and the note <br />issue is relatively straightforward, we will suggest a reduction <br />in our fee. <br />Our policy in open market note issues is to request our <br />note fee and 50% of our bond fee at the time of -the note closing, <br />since at least 90% of our work will have been completed on the <br />bond issue at that stage. <br />i If the above fee arrangement is satisfactory to the <br />County, please so indicate in your next correspondence. <br />Enclosed you will find a copy of a comment draft of the <br />proposed bond resolution. Appropriate cross references will be <br />inserted in this resolution and/or the parity bond resolution to --- <br />indicate any outstanding Series 1982 and/or Series 1982A bonds. <br />If you have any questions or comments, please call me. <br />Yours very truly, <br />Judson/Freeman, Jr. <br />18 <br />I <br />