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William R. Hough & Co. <br />ELEVEN FOURTH STREET NORTH <br />P.O. DRAWER 1051 <br />ST. PETERSBURG, FLORIDA 33731 <br />18131 823-8100 <br />November 22, 1982 <br />Chairman and Members of the <br />Indian River County Commission <br />2145 14th Avenue, <br />County Courthouse <br />Vero Beach, FL 32960 <br />Dear Chairman and Members of the <br />Board of County Commissioners; <br />The following shall constitute the agreement between William R. Hough & <br />Co. ("Hough") and Indian River County ("County") relative to services to be per- <br />formed by Hough for the County as its Financial Advisor. <br />1. SERVICES - TO BE PERFORMED UPON REQUEST OF COUNTY Ll_� <br />A. Hough will assist the County in developing a Financing Plan or Plans <br />for consideration of, and approval by, the County. <br />B. Upon acceptance of a Financing Plan by the County, Hough, after con- <br />sultation with appropriate County Officials, will prepare and submit <br />to the County Attorney and the Bond Counsel for the County, all of the <br />information and details_ necessary for preparation of the Authorizing <br />Resolution, Validation Papers, and other documents required for the <br />successful issuance and sale of the Bonds or Notes. <br />C. Assist the County Attorney with the validation proceedings, and at- <br />tend the validation hearing if requested to testify for the County. <br />D. In cooperation with the appropriate County Officials, Hough will pre- <br />pare Official Statement(s) fully describing the proposed Bonds or <br />Notes, in conformance with the Standards of Performance for Chartered <br />Municipal Financial Consultants. Hough and the County agree to use <br />due diligence to determine and disclose all material facts affecting <br />the Bond or Note Issues in the Official Statement(s). - <br />E. Supply the necessary information and consult with the two major bond <br />rating agencies to obtain the best possible rating on the Bonds or <br />Notes. <br />F. After the validation of the Bonds and the expiration of the appeal <br />period, Hough will assist the County in the sale of its Bonds or Notes <br />either by public sale or by negotiated sale. Unless specifically re- <br />quested by the County, Hough will not submit a bid for the purchase of <br />the Bonds or Notes. <br />STATE, COUNTY AND MUNICIPAL BONDS .�.�.��. <br />680K 2 FACE 9. 2 <br />