RES 347 Draft 01 2006-2008 - Laserfiche WebLink

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relevant information to the appraiser for purposes of the CFD appraisals. (See Part II.D for a discussion of the mazkel absorption study.) 4. Bond Underwriter. In most cases, the County will sell CFD bonds in a negotiated sale process [n connection with such sales, the County will retain a bond underwriter to assist in the structuring of the bond issue, to market the bonds to potential investors and to purchase the bonds from the County for reoffering to investors. (See Part ILF for a discussion of considerations regarding the structure of CFD bond issues.) Depending on the size and complexity of the offering, the County may retain a team of two or more underwriting firms, in which case one firm will be designated as the lead underwriter. "fhe bond underwriter will be represented by legal counsel for the purpose, among others, of preparing the offering and underwriting documents for the CFD bond issue. The underwriter will select its own legal counsel, but the underwriter will be expected to consult with the County in making this selection so as to help avoid potential conflicts and promote the formation of an effective financing team. 5. Snccial Cuunscl. The County will retain bond counsel for purposes of: preparing the ROI, Ordinance of Formation, Bond Ordinance and bond financing documents; assisting the County in the review of the RMA, appraisals, market absorption study, bond purchase contract, otTicial statement and other documents relating to the formation of the CFD and the offering and sale of bonds for the CFD; and providing legal advice regarding the foregoing. In appropriate cases, special tax counsel will also be retained to provide tax advice regarding the CFD bonds in conjunction with the services of bond counsel. In connection with the issuance of CFD bonds, the County may also retain disclosure counsel for the purpose of preparing the official statement or other offering document to be circulated in connection with the marketing of the bonds. 6. Financial Advisor. In most cases, the County will also retain a financial advisor to provide financial analysis and advice regarding the formation o1~ the CPD and the structure, offer and issuance of the CFD bonds, and to assist in coordinating the respective responsibilities of the County and its special consultants in connection with the foregoing. 7. Other Annointments. In addition to the foregoing special consultants, the County will also select other outside service providers in connection with CFD bond issues, including the bond trustee, credit enhancement provider and official statement printer. 6