GUIDELI..ES FOR CHARGES FOR SERVl~.c,S RENDERED
IN FINANCIAL ADVISORY CAPAPCITY
By Floyd R. WE;sterman
The following is a suggested schedule of charge; which should be considered as a guide-
line in quoting fees .
It should be remembered that each project or purpose should be considered as having
its own set of circumstances.
No consideration has been given to the added costs when an issuing agency has to be
created. In addition to requiring considerable more time, there are publication costs
and additional legal expenses .
School Districts that have had boundary changes since their last bond issue was appr. owed
also require additional costs.
ORDER NO. 12443
KERB COUNTY TO ENTER INTO CONTRACT ~-1T""" '" . E. ALLISON
& GO. , INC. , TO ACT AS FINANCIAL AD~,'Ii""~~~t RELATIVE TO
PROPOSED COURT HOUSE AND/OR JAIL BOND ISSUE
On this the 1st day of July 1975, upon motion made by Commis-
sinner Schwethelm, seconded by Commissioner Sallee, the Court
unanimously approved that Kerr County enter into a contract with
ri. E. Allison & Co., Inc. to act as Financial Advisors relative to
the yr.roposed Court House and/or :fail E~ond Issue.
HONORABLE COUNTY JUDGE AND COMMISSIONERS'
KERR COUNTY
KERR COUNTY COURTHOUSE
KERRVILLE, TEXAS 78028
Gentlemen:
Kerrville, Texas
1975
COURT
By this proposal we offer our services to act as your Financial Advisors. If
this proposal is accepted by you, it is mutually agreed that we are thereupon
appointed Financial Advisors for a period of ~,~~~~ years from date hereof,
the conditions of such appointment being as fo ows:
1. VVe will consult and advise with ;you on all problems involving
financing, whether through the issuance of revenue obligations
or tax obligations or a combination of both, and will assist you
in negotiations on specific projects as and when requested by you.
2, Since you may desire to issue bands for a variety of purposes and
from time to time, it is agreed between us that it is not possible
to fix the cost of issuance and marketing of the bonds in advance
and that our compensation for expenses incurred and services
rendered in connection with each specific project or property
acquisition may vary in each instance in the light of circum-
stances then existing. It is agreed that our compensation shall
be paid only from the proceeds of, and in the event of the issuance
of, bonds unless another and separate agreement is reached be-
tween us covering specific project or property acquisition.
3. It is mutually agreed that if in any instance you or ourselves are
unwilling to proceed within the range of our normal compensation
and the other is unwilling to depart from said range, then this
agreement may be terminated by notice in writing by either of us
to the other without liability to either of us, except that in such
event we shall be entitled to recover actual expenses previously
authorized by you and incurred in reasonable amount to that time
but without reimbursement for personal services.
4. Upon the expiration of the terms hereof, this agreement shall be
automatically terminated except for any work in progress which
shall proceed to completion.
Respectfully submitted,
~,
M. E. ALLISON & CO. , INC.
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u orize epresentative
Con~niission~~ri~
I Accepted pursuant to Resolution adopted Icy the Kerr County/ Kerrville, ',
I; Texas, on this the ~~.'_ day o,~~ 1975
i -,r - r ._._.
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