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In the case of a negotiated sale of debt, the Consultant shall perform a thorough <br />evaluation of market conditions preceding the negotiation of the terms of the sale <br />of debt and will assist the City with the negotiation of final issue structure, <br />interest rates, interest cost, reoffering terms and gross underwriting spread and <br />provide a recommendation on acceptance or rejection of the offer to purchase the <br />debt, This assistance and evaluation will focus on the following areas as <br />determinants of interest cost: <br />• Size of financing <br />• Sources and uses of funds <br />• Terms and maturities of the debt issue <br />• Review of the rating in pricing of the debt issue <br />• Investment of debt issue proceeds <br />• Distribution tnix among institutional and retail purchasers <br />• Interest rate, reoffering terms and underwriting discount with comparable <br />issues <br />• Redemption provisions <br />11, Recommend Award of Debt Issuance. <br />Based upon activities outlined in Task 10(a) and 10(b) above, the Consultant will <br />recommend accepting or rejecting offers to purchase the debt issue. If the City elects <br />to award the debt issue, the Consultant will instruct all parties and help facilitate the <br />actions required to formally consummate the award. <br />12. Provide Pre- Closing and Closing Activities. <br />The Consultant shall assist in arranging for the closing of each financing, The <br />Consultant shall assist counsel in assuming responsibility for such arrangements as <br />they are required, including arranging for or monitoring the progress of bond <br />printing, qualification of issues for book -entry status, signing and final delivery of the <br />securities and settlement of the costs of issuance. <br />CITY OF SANTA ANAUELDMAN, ROLAPP & ASSOCIATES Exhibit A, Page 4 <br />PRA Prqject No, 14123 <br />00087124 <br />25B -22 <br />