Expense Recovery. In addition to the foregoing fees, Consultant will receive an amount not to exceed $3,000 for each series of Bonds for preparation of official transcripts of the Bond proceedings, messenger and delivery services, costs of legal publication, photocopying and related matters. Said fees and expenses shall be payable solely from the proceeds of each series of Bonds and shall be entirely contingent upon the successful closing thereof. The compensation set forth is not set by law but is negotiable between the Consultant and the City. This agreement will go into effect immediately and will terminate upon issuance of the Bonds (or earlier termination by a party). Bonds are anticipated to be issued in November 2019.
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Sources: Professional Services, Professional Services