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William R. Hough & Co. <br />Chai rman and Members of the <br />Indian River County Commission <br />November 22, 1982 <br />Page Two <br />G. Upon the sale of the Bonds or Notes, Hough will: <br />BOOK pj�'3 <br />(1) Arrange for the printing, signing, and delivery of the Bonds or <br />Notes. <br />(2) Provide the County with a final amortization schedule for the <br />Bonds or Notes. <br />(3) Prepare an annual report on the Bonds or Notes which will be made <br />available to institutional holders of the Bonds or Notes and other <br />interested parties. <br />H. In the event the Bonds or Notes are offered for public sale, Hough <br />will: <br />(1) Arrange for insertion of necessary advertisements of the Notice <br />of Sale in the Daily Bond Buyer. <br />(2) In cooperation with the County Attorney and Bond Counsel, prepare <br />the Notice of Sale for the Bonds or Notes. <br />(3) Assist the County at the time of the sale in checking all bids as <br />to compliance with bid specifications, and make a recommendation <br />as to the award of the Bonds or Notes in the best interest of the <br />County. <br />2. - COMPENSATION <br />A. With respect to the County's $5,000,000 General Obligation Bond Is- <br />sue, Hough' shall be paid a fee, at the time and if the Bonds are is- <br />sued, of $10,000 plus out-of-pocket expenses. <br />whi�h Hough is directed <br />B. With respect to all other financings of the County, Hough shall be by count <br />paid a fee of $2.00 per $1,000 of par amount of any Bonds or Notes to assist <br />which are issued in an amount equal to or less than $5,000,000 and in, <br />$1.50 per $1,000 of par amount of any Bonds or Notes issued in excess <br />of $5,000,000. In addition to the foregoing fee, Hough shall be reim- <br />bursed for out-of-pocket expenses. <br />C. At the request of the County, Hough shall undertake a complete evalua- <br />tion of the County's present financial needs, capabilities and present <br />debt structure and make, based upon its findings, recommendations to <br />the County relative to a long range comprehensive financing plan. If <br />Hough performs such services at the request of the County, Hough shall <br />be paid a fee of $7,500, plus out-of-pocket expenses. <br />� � r <br />