Resolution 2011 - 16 - Laserfiche WebLink

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i i FINANCIAL ADVISORY AGREEMENT E This Financial Advisory Agreement (the "Agreement"), dated as of November 14, 2011, is between WM Financial Strategies and University City,Missouri (the"City"). The City agrees ty gr s to hire WM Financial Strategies and WM Financial Strategies agrees to act a as financial advisor to the City to provide services relating to the issuance of Refunding Certificates of Participation (the"Certificates"),on the terms set forth below: 1. PROJECT DESCRIPTION. Subject to continued favorable interest rates the City intends to issue Certificates of Participation for the purpose of advance refunding the City's outstanding Certificates of Participation, Series 2003 and Certificates of Participation Series 2004. 2. SCOPE OF SERVICES. The City hires WM Financial Strategies to provide the services set forth in the attached Exhibit. All services described in the Exhibit are hereby incorporated by reference. 3. AGREEMENT TO PROVIDE INFORMATION. The City agrees to provide WM Financial Strategies with information required to provide the services set forth herein, including financial statements,budgets, and other relevant documents. 4. ADVISORY FEES. WM Financial Strategies shall receive a fee equal to $15,000 payable and contingent upon the closing of the sale of the Certificates. 5. OUT-OF-POCKET EXPENSES.WM Financial Strategies' will receive reimbursement for out-of-pocket expenses for in-house reproductions,postage and courier services not exceeding$300. 6. BILLING STATEMENT. The City will receive an invoice upon the closing of the Certificates which shall be due and paid promptly following the closing but within 30 days of such closing. 7. PROPERTY OWNERSHIP. All reports, studies and data obtained or compiled as part of this Agreement shall be the property of the City. All such reports, studies and data shall be delivered promptly to the City as completed. The City may additionally request receipt of partially completed reports, studies and data in order to assess the status of completion of services. l 8. PAST DUE BALANCES. Any balance that is thirty days past due shall be subject to a finance charge computed at the rate of.5%per month,which is an annual percentage rate of 6%. 9. MODIFICATION BY SUBSEQUENT AGREEMENT. This Agreement may be modified t by subsequent agreement of the parties only by an instrument in writing signed by both parties. University City,Missouri WM Financial Strategies t t BY: BY: TITLE: TITLE• 6 l s