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Bond Counsel and Disclosure Counsel for Potential Water Enterprise Revenue Bonds <br />April 2, 2024 <br />Page 2 <br />4 <br />1 <br />4 <br />0 <br />obligated to pay BBK $25,000 plus up to $3,000 of out-of-pocket expenses for services <br />rendered. <br />Staff expects to bring a bond issuance proposal to the City Council over the next <br />several months. Bonds cannot be issued without City Council approval. <br />FISCAL IMPACT <br />If bonds are issued, bond counsel and disclosure counsel will be paid from bond <br />proceeds. If no bonds are issued, the Water Enterprise will pay up to $28,000 from <br />account 06017645-62300 (Water Admin & Engineering, Contract Services- <br />Professional). <br />EXHIBIT(S) <br />1. Agreement <br />Submitted By: Kathryn Downs, FMSA Executive Director <br />Approved By: Tom Hatch, Interim City Manager