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BEST BEST & KRIEGER LLP (SONIA R. CARVALHO)-2012
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BEST BEST & KRIEGER LLP (SONIA R. CARVALHO)-2012
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Last modified
10/15/2015 10:57:34 AM
Creation date
5/31/2012 10:31:10 AM
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Contracts
Company Name
BEST, BEST & KRIEGER LLP (SONIA R. CARVALHO)
Contract #
A-2012-076
Agency
PERSONNEL SERVICES
Council Approval Date
4/2/2012
Insurance Exp Date
4/30/2016
Destruction Year
0
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EXHIBIT "A -1" <br />BB &K SCHEDULE OF PUBLIC FINANCE FEES <br />For bond counsel and special counsel services in connection with the financing of public <br />facilities, BB &K shall be compensated, depending upon the type of bonds, certificates of participation or <br />other obligations which are to be issued, based on the following schedules. Unless otherwise mutually <br />agreed, our fees as bond counsel on these financings will be payable from proceeds of each series of the <br />bonds upon their issuance. <br />1. Certificates of Participation and Revenue Bonds. For services in connection with the <br />issuance and sale of certificates of participation and revenue bonds, BB &K shall be paid a fee which will <br />be the greater of (i) $35,000 or (ii) an amount based on the total principal amount of the certificates of <br />participation or bonds to be sold, computed as follows: <br />.35% of the first $10 million of the amount of the certificates or bonds <br />issued, plus <br />.25% of the next $10 million of the amount thereof, plus <br />.125% of the amount thereof, if any, over $20 million. <br />Notwithstanding the foregoing, in those cases where the fees are reimbursable by a third party, <br />at BB &K's option it may proceed on a hourly basis at the private posted rates of the attorneys involved. <br />2. Community Facilities Districts. For services in connection with the issuance and sale of <br />bonds of community facilities districts, BB &K shall be paid a fee which will be the greater of (i) $35,000 <br />or (ii) an amount based on the total principal amount of the bonds to be sold, computed as follows: <br />.35% of the first $10 million of the amount of the bonds issued, plus <br />.25% of the next $10 million of the amount thereof, plus <br />.125% of the amount thereof, if any, over $20 million. <br />Notwithstanding the foregoing, in those cases where the fees are reimbursable by a third party, <br />at BB &K's option it may proceed on a hourly basis at the private posted rates of the attorneys involved <br />with respect to services rendered for the formation of or annexation to a CFD, as well as the negotiation <br />and preparation of funding agreements and joint financing agreements. Hourly compensation shall be <br />payable solely from deposits of third parties and bond counsel fees shall be payable solely from the <br />proceeds of the sale of bonds. <br />3. Assessment Districts. For services in connection with the issuance and sale of bonds of <br />assessment districts, BB &K shall be paid a fee which will be the greater of (i) $35,000 or (ii) an amount <br />based on the total principal amount of the bonds to be sold, computed as follows: <br />35% of the first $6 million of the amount of the bonds issued, plus <br />25% of the next $10 million of the amount thereof, plus <br />125% of the amount thereof, if any, over $16 million. <br />Notwithstanding the foregoing, in those cases where the fees are reimbursable by a third party, <br />at BB &K's option it may proceed on a hourly basis at the private posted rates of the attorneys involved <br />with respect to services rendered for the formation of or annexation to an AD, as well as the negotiation <br />
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