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Home My WebLink AboutC2017-251 - 8/29/2017 - Approved r . . . TELEPHONE •,,-.- K. . . ,.,,:o. . . FAX. . 210-9-30.4000 .. . - 210-930-4001 ' ._:zetsa...-4 , , .. INVESTMENT BANKERS . 95O �%laur! � 4F4i - a 7a, Oftf&f . . . .. August 14,2017 City of Corpus Christi,Texas : • 1201 Leopard • Corpus Christi.TX 78401 Re: UP to S2,750,000x City of:Corpus Christi, Texas•Utility System Revenue. ' - • . Bonds, Series 201.7- Texas Water Development Board - State .Water . .. Im • plementation Funds for Texas("TWDB-SW[RrT“) . .- ..*;y4!*.************!. 1” *.*.4!k* ************: ********* ** **:k**kik******N************* • In regard to serving as the City's_financial advisor and consultant,we submit the fello\\ting proposal or agreement for your approi al and acceptance. • 1. Terni. This'Agreement shall be terminated by the delivery-to:the Purchaser of all the securities described above,whether delivered all at onetime or in installments. It may .. be extended for an additional period by mutual agreement in Writing. Tliis agreement may be tel at any time by either of us by eiyine thirty:(30)days written'notice to the : . . . . other party: . . . 2 Duties. The duties and responsibilities to be performed under this agreement include consulting and advising the City in the development and implementation ora financing plan for the'issuance and site of up to$2;7 0.000*City ofCot pus Christi.Te • . as Utility System.Rei-.gone Bonds.Series 2017:(TWDB—SWIRFT). . ' 3. •• ' ' Compensation. The tee will be based oh thethesiofidcomputed-on - •• - • the attached schedule,,L\hibit A. -fhe lee will be due.mid payable from the proceeds.of the Bonds. We would expect to be reimbursed for actual out-ol-pocket expenses for telephone. photocopies, facsimile transmissions. printing, computer..if any. and travel ineurmed :in connection with actings. municipal bond.insivance or Closing 'Of such . financine(s). 4. Speci;ml Conditions. In addition to'the terns and obligations herein contained, this proposal and agreement is subject to the following special conditions`: . . a) . M. E.•Allison Co.,_Inc will incur and pay on behalf of tlie.City the . . . approved expenses in relation to the issuance of the Bonds and will submit said . e\penses:for reimbursement at Closing. Approved expenses will include.but not ' be limited to.:pi•inting. shipping and posting of Official Statement,printing of . . Bonds, and travel expenses in relation thereto, Bond sale advertisements. municipal bond instirance premiums:Attorney General's tees.etc. • - . . • .(b) The City will. pay Bond-Attorney,-Rating Aeene's lees •and Paying •• Agent'Registt•arrec directly or will direct M.X.Allison&Co_. Inc.to:pay these fees. . on behalf of the City.hot the cost of issuance proceeds subsequent:to the closing • of the bond transaction. : - . . Continued .,. .. 2017-251 ' . . - 8/29/17 .: . M2017-132 M.E.Allison & Co. Inc. . - - . . INDEXED seal. w Jam. INVESTMENT BANKERS August 14.2017 Cu) of-Corpus Christi.Texas 1201 Leopard Re: Up to 52,750,000* City of Corpus Christi, Texas Utility System Revenue Bonds, Series 2017 Texas Water Development Board — State Water Implementation Funds for Texas("TWDB—SWIRFT") Page 2 (c) The City will at all times remain responsible for all fees incurred on behalf of the City in relation to the proposed bond issue. In the event the contemplated issue is not completed.the City will not owe the financial advisory fee to M. E. Allison R. Co.. Inc.. but the City mill remain responsible for all expenses incurred by the Firm on behalf of the City us Nell us all direct expenses of the City including Bond Attorney and Rating Agency lees. 5. This proposal is submitted in duplicate originals. When accepted by the City.it xvill constitute the entire agreement between the City and the undersigned for the purpose and considerations herein specified. Your acceptance will be indicated by proper signatures of your authorized officers or representatives on both copies and the returning of one executed copy to us. Respectfully submitted. M.L.:1l.LISON&CO..INC. / B) Author' d Representatic Err on behalf of the City of Corpus Christi. Texas the I V day of .2017. Authorlied Official ATTEST: / 111 J2124 Il� its ecretary /*wa '53 t9 ``).�y orf ey 'Preliminary.subject to chance t`�s;i trlt t11t�+f =c r City P.ttatl?8Y h'Z'O sY C5UNCIL....1164.? .-.1Na s€cafrA•v • - c • vfid., Jam. • INVESTMENT BANKERS August 14.2017. Cite of Corpus Christi.Texas . 1201 Leopard Re . Up to 52,750,000*-City of Corpus Christi; Texas Utility System Revenue Bonds,•Series 2017 Texas Water Development Board — State Water Iniplenientation Funds for Texas("T\YDB—SWIRFT") Page ::EXHIBIT A . ... FINANCIAL ADVISORY FEE.SCHEDULE GENERAL OBLIGATION.BONDS . - . . • . . And Not - .. . . .. . . . More than .More than $ $ 250.000 $7.500 plus$20.00 per S 1.000 for all:over$150;000 250.000 350.000 $9.500 plus$10.00 Pei-S1.000 for all oV er$250:000 350,000 - 500.000 $10.500 plus$8.00 per S 1:000 for all.over$350,000- 500.000- 700.000 SI 1..700 plus$7.00 per S1.000 for all Over$500.000 700.000 1.000.00(1 :. $13.100 plus$6.00 per$1.000 thrall over$700,000 . 1.000.000: I.5.00.000; 514.900 plus$00 per$1.000 for all:o�=er51.000.000 1500.000 5.000.000 : $17,400 plus$3.00 per$1000.for:611 over$1.500..000:- 5.000.000 10,000.000: $27.900 plus SI:6.5 per 51,000 lot all over$5.000.000 10.000.000 : : 20:000.000 $36.150.plus S I.00 per$1.000 for:all over$10.000000 . 1 _p 20.000:000: No Limit. 546.150 plus$0:bo e S 1,000 for all over$20.000.000 - REVENUE BONDS, COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION: . - REFUNDING BONDS, OBLIGATIONS USING:A REVENUE SOURCE AS -REPAYMENT. DIRECT SUBSIDY OBLIGATIONS OR LEASE PURCHASE • In the event the Bonds to be issued are Revenue Bonds.or Combination Ta\.and Revenue Certiticates.of Obligation.Relimdine Bonds:Obligations using a revenue source as repayment.Direct Subsidy Obligations or Lease -.Purchase.the lee shall he the amount computed 11Dm the abo\c schedule.plus 25%. CERTIFICATE OF INTERESTED PARTIES FORM 1295 1 of 1 Complete Nos.1-4 and 6 if there are interested parties. OFFICE USE ONLY Complete Nos.1,2,3,5,and 6 if there are no interested parties CERTIFICATION OF FILING 1 Name of business entity filing form,and the city,state and country of the business entity's place Certificate Number: of business. 2017-249299 M. E.Allison&Co., Inc. San Antonio,TX United States Date Filed: 2 Name of governmental entity or state agency that is a party to the contract for which the form is 08/14/2017 being filed. City of Corpus Christi,TX Date cknpwledged 10 1111/U(7 3 Provide the identification number used by the governmental entity or state agency to track or identify the contract,and provide a description of the services,goods,or other property to be provided under the contract. FA-USR-SWIFT Financial Advisory Services 4 Nature of interest Name of Interested Party City,State,Country(place of business) (check applicable) Controlling I Intermediary Seal,Mark San Antonio,TX United States X Seal, Michael San Antonio,TX United States X Allison,Christopher San Antonio,TX United States X Allison Jr., Milton San Antonio,TX United States X 5 Check only if there is NO Interested Party. El 6 AFFI A I swear,or affirm,under penalty of perjury,that the above disclosure is true and correct 4•r: CH,JSTOPHER ALLISON MY 1SSION DPIRES M2020 N77AN, ID:13067'925-7 Signatur uthorized agent of contr cting business entity AFFIX NOTARY STAMP/SEAL ABOVE t� Sworn to and subscribed before me,by the said /444-k 4' S ,this the day of ASSNS_F_ 201_7____,to certify which,witness my hand and seal of office (/ eipm, Signature o officer administering oath Printed name of officer administering oath Title of officer administering oath Forms provided by Texas Ethics Commission www.ethics.state.tx.us Version V1.0.883