00-0541R

RESOLUTION AUTHORIZING A CONTRACT WITH FRYBERGER, BUCHANAN, SMITH AND FREDERICK, P.A. IN AN AMOUNT NOT TO EXCEED $24,000 FOR SERVICES RELATED TO BONDING.

BY COUNCILOR HOGG:

BE IT RESOLVED, that the proper city officials are authorized to execute and implement a contract, in the form and containing the terms as in the contract on file with the city clerk as Public Document No. _____________, with Fryberger, Buchanan, Smith and Frederick, P.A. for legal services related to the issuance of city bonds, for a cost of not to exceed $24,000, payable from various project funds.


STATEMENT OF PURPOSE: This law firm has satisfactorily performed legal services related to city bond issues in the past. We believe it is the only firm in the area with the needed bond counsel certification. The city plans the following projects will require bond counsel or related services:
Street improvement program
PFA utility revenue note (Fond du Lac sewer)
Normal utility revenue note
Equipment certificates of indebtedness
Tax anticipation notes
Bayfront Festival Park improvements
This agreement runs until July 1, 2001. City officials negotiated a favored hourly rate and are using city staff for part of the work in order to reduce billings. The $24,000 figure is a not to exceed limit, not the intended expenditure.