HomeMy WebLinkAboutProfessional Services Agreement - Fifth Third Securities - Zoo Capital Project Underwriter Services13 V 6 ('OUNT)-Ci-rar BUILDING
227 W, JETFERSON 1100LEVARD
SOU-111 BFND. INDIANA 46601-1810
CITY OF SOUTH BEND PETE, BUTTIGIEG, MAYOR
BOARD OF PUBLIC WORKS
August 28, 2018
Jay Ryals
Fifth Third Securities
251 North Illinois, Suite 1200
Indianapolis, IN 46204
ICE: Professional Services Agreement
Dear Mr. Ry,als:
I'HoNr 574/235-9251
FAX 574/ 235-9171
The Board of Public Works, at its meeting held on August 28, 2018, approved the above
referenced agreement regarding underwriter services for preparation and negotiated sale of
tax-exempt 501 (c)(3) qualified bonds in support of zoo capital projects in the amount, not to
exceed, of $3.37 per thousand of par amount, for an estimated total of $14,575.25.
Enclosed please find a copy of the agreement for your records.
If you have any further questions regarding this matter, please call this office at (574) 235-
9251.
Sincerely,
Linda M. Mai -tin, Clerk
Enclosure
GARY A. Gii,o'r SUZANNA M. FRH'ZBER(.,, ELIZABETH A. MARADIK JAm13s A, MUELLER TI IERESE J . D(AZAU
FIFTH HIRD"
SECURITIES
August 17, 201.8
Benjamin J, Dougherty, J.D.
City of South Bend
227 W. Jefferson Blvd., Suite 1200 N.
South Bend, IN 46601.
Re: Underwriter Letter of Intent
City of South Bend, Economic Development revenue Bonds, Series 2018
(Potawatomi Zoo Project)
Dear Mr. Dougherty:
City of South Bend ("Issuer") is aware of the "Municipal Advisor rule" of the Securities and Exchange
Comnnission (effective July 1, 2014) and the underwriter exclusion from the definition of "municipal
advisor" for a firm serving as an underwriter for a particular issuance of municipal securities.
Issuer hereby designates Fifth Third Securities, Inc. as an underwriter for the possible Bond Issuance (the
"Bonds") that Issuer currently anticipates issuing. Issuer expects that Fifth Third Securities, Inc. will
provide advice on the structure, tinning, terms, and other matters concerning the Bonds. Fifth Third.
Securities, Inc. will perform its underwriting services to Issuer in accordance with the provisions of its
proposal to Issuer dated August 6, 2018, except that the total underwriting fee will not exceed $3.37 per
thousand of the par amount of the Bonds.
It is Issuer's intent that Fifth Third Securities, Inc. serve as an underwriter for the Bonds, subject to
satisfying applicable procurement laws or policies, formal approval by Issuer finalizing the structure of
the Bonds and executing a bond purchase agreement or other related document. While Issuer presently
engages Fifth Third Securities, Inc. as the underwriter for the Bonds, this engagement letter is
preliminary, nonbinding and may be terminated at any time by Issuer without penalty or liability for any
costs incurred by Fifth Third Securities, Inc.
Furthermore, this engagement letter does not restrict Issuer from entering :into the proposed municipal
securities transaction with any other underwriters or selecting an underwriting syndicate that does not
include Fifth Third 'Securities, Inc.
Sincerely,
Jay ryals
Managing Director - Public Finance
Benjamin J. Dougherty, J.D. � bee
City of South Bend, IN
r N W,
APPAOVED
80aird ofPIdIfic Work4
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FIIth Third Gec(iritics is the trade name used by Fifth Thirrl sec,w'it,ies, Ine', rrenalaer FI6 ,h x/SI �,, o %vhndly owned suhsiddoryof FiWi rhrird
Bonk, as rogisterecd broke-cdettler, and a registered jrtwestrttent advisor tc&tered with the US, Sc on6lies and ExOiange iCc mniissk)rr 15Ef b,
RGgistrntcon does not o- njAy o cortoinlevel of skill orticining. Sewrdtias and Invests ollts affercrl thre)trt„h Fifth Thad Scwijties. Inc, and
instKWnce I:7r0rlucts:
Ate Not FDIC GnNmed Offer No Bank Gn arnrtee May Lose VzIbue
Are Not h1ruied By Any Federal Cowirnnr ent Agerxy Ate Not A Deposh
6rISUMncO ptor9mts made available through Fifth Thiul first ance Agency, Ine.
FIFTH THIRD"
SECURITIES
Disclosures Pursuant to MSRB Rule G-17
Our Role and Duties
As an underwriter, we must deal fairly at all times with both municipal issuers and investors.
Our primary role as underwriter is to purchase the Bonds with a view to distribution in an arm's-length
commercial transaction with the Issuer. An underwriter has financial and other interests that differ from
those of the Issuer. As underwriter, we have a duty to purchase the Bonds from the Issuer at a fair and
reasonable price, but must balance that duty with its duty to sell the Bonds to investors at prices that are
fair and reasonable.
We do not have a fiduciary duty to the Issuer under the federal securities laws and, therefore, are not
required by federal law to act iri the best interests of the Issuer without regard to our own financial or
other interests.
We will review the official statement for the Bonds in accordance with, and as part of, our respective
responsibilities to investors under the federal securities laws, as applied to the facts and circumstances of
this transaction.
Our Compensation
We will be compensated by a fee and/or an underwriting discount that will be set forth in the bond
purchase agreement and/or other documerit(s) to be negotiated and entered into in connection with the
issuance of the Bonds, Payment or receipt of the underwriting fee or discount will be contingent on the
closing of the transaction and the amount of the fee or discount may be based, in whole or in part, on a
percentage of the principal amount of the Bonds. While this form of compensation is customary in the
municipal securities market, it presents a conflict of interest because we may have an incentive to
recommend to the Issuer a transaction that is unnecessary or to recommend that the size, of the
transaction be, larger than is necessary, To date we have not identified any additional potential or actual
material conflicts that require disclosure.
Additional Conflicts Disclosures
We may receive customary fees and reimbursement for expenses from an issuer of securities or its
affiliates hi the ordinary course of our financial services business. The services or products we may
provide to you may include banking products and services (such as deposit taking, lending, credit card
services, risk mitigation strategies and other, traditional, conu-nercial banking products and services),
investment services (such as the purchase or sale of a wide variety of securities, derivatives and other
instruments and may engage in transactions with you as principal or agent, and the instruments, we sell
to you may be structured by us, or other parties not affiliated with us. We (or our affiliated entities and
persons) may also take various assets of yours as collateral in our various capacities and may have broad
rights with respect to that collateral, depending upon our rights and our agreernent(s) with you. We (or
our affiliated entities and persons) may also provide investment recommendations, trading ideas and
other information about instruments with respect to which we may at any time hold, or recommend that
other clients take, long and/or short positions.
Fifth Th it d Snc(iriUes is the trade name used by FifUl"Mird 3ecwffi(,,,s, Inc., menfl)er FIN RAi�"If'4:, a wholly owned sul)-gHiaiy of Fifth Th Id
ffivrk, a registered btoker-dE,,aler, atid a regis I caed inv(.Mlnel It advisor' registered with the U.S. Sel"(11ities and EvlianpE? Coirt))jssion ISFEC).
Repistratiott does not briply a certain level of drill or training, Securities rand lrvestrtierits offered dircogh Ftfth Third Secutjttcs, Inc.. and
insurance podticts:
Are Not FDIC MSUNd Off( r No Bat* Gtjarwlion May Lose Value
Are Not hsursd By Ariy Federal Government Agency Are Not A Deposit
Insuianu- poducts rnade, available thlMlgh Fifth Third hismailce Agency, Inc.
FIFTH THIRD"
SECURITIESi
August 17,2018
Benjamin J. Dougherty, J.D.
City of South Bend
227 W. Jefferscia Blvd., Suite 1200 N,
South Bend, IN 46601
Re: Disclosures by Underwriter/ Senior Managing Underwriter
Pursuant to MSRB Rule G-17
City of South Bend, Economic Developrnent Revenue Bonds, Series 2018
(Potawatomi Zoo Project)
Dear Mr. Dougherty.
We are writing to provide you, as the Deputy Controller of the City of South Bend, with certain
disclosures relating to the captioned bond issue (Bonds), as required by the Municipal Securities
Rulemaking Board (MSRB) Rule G-17 as set forth in MSRB Notice 2012-25. Information about this Rule
and Notice can be found on the MSRB's website at www.insrKo
aRLgr&
Fifth Third Securities, Inc. proposes to serve, as an underwriter, and not as a financial advisor or
municipal advisor, in connection with the issuance of the Bonds.
As part of our services as underwriter, Fifth Third Securities, Inc. may provide advice concerning the
structure, timing, terms, and other similar matters concerning the issuance of the Bonds.
Our Role and Duties
As an underwriter, we must deal fairly at all times with both municipal issuers and investors.
Our primary role as underwriter is to purchase the Bonds with a view to distribution in an arn-i!s-length
commercial transaction with the Issuer. An underwriter has financial and other interests that differ from
those of the Issuer. As underwriter, we have a duty to purchase the Bonds from the Issuer at a fair and
reasonable price, but must balance that duty with its duty to sell the Bonds to investors at prices that are
fair and reasonable.
We do not have a fiduciary duty to the Issuer under the federal securities laws and, therefore, are not
required by federal law to act in the best interests of the Issuer without regard to our own financial or
other interests.
We will review the official statement for the Bonds in accordance with, and as part of, our respective
responsibilities to investors under the federal securities laws, as applied to the facts and circumstances of
this transaction.
Fifth Th it'd Securities is the tt ad o untie used by Ftfth Third Sle(.%iritles, Iio, ioeiiiber FIN RA/S FIC, a Mw) fly owrred subsidiary Iy of Fifth Third
Batik, a i,cgistei,ed broker -dealer, and a registered kivestoieril advisor registered %vith 1110 U.S. SPUldtie", and Exchange. (amt.
RegisLratioti does riot irriply a certairi level of skill or training. Securities and investnicnts offered through Fifth Third Spc,tii tfies, Hic. at)(I
insurance products:
Are Not FDIC IW',Ured Offer No Bat* GUalaMeC Nlay Los(,-? Value
Me Nothl5t,tred fly Any Federal GoveinmentAgency Are NO A Deposit
hisLitaixe podticAs made tivailahle thiough Fifth Third li)suuinco Agcrxy, Inc.
FIFTH THIRD'
SECURITIES
Our Cotinvensation
We will be compensated by a fee and/or an underwriting discount that will be set forth in the bond
purchase agreement and/or other document(s) to be negotiated and entered into in connection with the
issuance of the Bonds. Payment or receipt of the underwriting fee or discount will be contingent on the
closing of the transaction and the amount of the fee or discount may be based, in whole or in part, on a
percentage of the principal amount of the Bonds. While this form of compensation is customary in the
municipal securities market, it presents a conflict of interest because we may have an incentive to
reconmiend to the Issuer a transaction that is unnecessary or to recommend that the size of the
transaction be larger than is necessary. To date we have not identified any additional potential or actual
material conflicts that require disclosure.
Disclosures Concerning Complex Municipal Securities Financing
Because we have recommended to the Issuer a financing structure that may be a "complex municipal
securities financing" for purposes of MSR13 Rule G-17, attached is a description of the material financial
characteristics of that financing structure as well as the material financial risks of the financing that are
known to us and reasonably foreseeable at this time.
If you or any other Issuer officials have, any questions or concerns about these disclosures, please make
those questions or concerns known inn-nediately to the undersigned. In addition, you should consult with
the Issuer's own financial and/or municipal, legal, accounting, tax and other advisors, as applicable, to
the extent you deem appropriate. Fifth Third Securities does not provide legal, accounting or tax advice.
It is our understanding that you, subject to approval by the South Bend Board of Public Works, have the
authority to bind the Issuer by contract with us, and that you are not a party to any conflict of interest
relating to the subject transaction. If our understanding is incorrect, please notify the undersigned
immediately.
We are required to seek your acknowledgement that you have received this letter. Accordingly, please
sign and return the enclosed copy of this letter. Depending on the structure of the transaction that the
Issuer decides to pursue, or if additional potential or actual material conflicts are identified, we may be
required to send you additional disclosures regarding the material financial characteristics and risks of
such transaction and/or describing those conflicts. At that time, we also will seek your
acknowledgement of receipt of any such additional disclosures.
We look forward to working with you and the City of South Bend in conriection with the issuance of the
Bonds. Thank you.
Sincerely,
Y11 a
Jay Ryals
Managirig Director - Public Finance
Fifth Third Securities is the trade ivanie rised by Fifth "riiircj sewtibes, Inc., nieniber FIN(RAZS111 , a %vhallyomeci snbsidlaiyof Filth Ililid
Bank, a registered broker -dealer, tan a registei ed investil I oil t ad Visor Tegistel'od with the U.S. SectAnties and Exchange Cot ntW,,;sian (SEC).
Registration does not Imply a certain level of skH I at- training. Securities and invesinients offe, red through Fifth Tlflrd Srctj i it! es, hic. and
insurance products:
Are Not FUC Insured Offer No Rink GUarantoo May to sin ValUe
Are Not In sored Ely Any Federal Gov,inilipnt Agency Are Not A Deposit
h'11;M81)00 piodiTcts t'nade available, thtaLigh Fifth Third lnsii Agoncy, lnc.
FIFTH THIRID'
SECURITIES
Acknowledgement:
Benjamin J. Dougherty, J.D. ) be
City of South Bend, IN
Date: '? $ 12-0 1 / 2- c, y �rr_
cc: Nathan Flyiu-i, Crowe LLP
c4rl y UG z 0
Fifth Thild Securities is the bade irarrre llsed by Fifth Third Secl,rities, kic, I v¢holryowocd .subsidiary cif F40) Thiid
Batik, a registered broker -dealer, and a registered irivestimrit adOsor regi",W-red V"ith Ole U.S. Socirritres ar)d Exdiaiige COr'fllJJrSSjoJrJ (5E),
Re&tratioii does r-tot irriply a ceiiairl levol of skill or Vaaflrig. Secorifles and lwe�;bllor)ts offereO thioligh F411i Third Securities, lire. and
ltsurall(e ploducts:
Ate Not FW Insured Offor No BaO GUWatrtoe, May Lase VLIILIC-
Are Not hsured By Any Fedor gal Cove rn rlrei it AVo'icy Are Not A Deposti:
hISLflariec poducts err de av,.Wablo though F"ifth Third 1mraarice Ageiicy, h,LlC;.
FIFTH THIRD'
SECURITIES
Fixed Rate Bonds
The following is a general description of the financial characteristics and security structures of fixed rate
municipal bonds ("Fixed Rate, Bonds"), as well as a general description of certain financial risks that you
should consider before deciding whether to issue Fixed Rate Bonds.
Financial Characteristics
Maturifil maid Interest. Fixed Rate Bonds are interest -bearing debt securities issued by state and local
governments, political subdivisions and agencies and authorities. Maturity dates for Fixed Rate Bonds
are fixed at the time of issuance and may include, serial maturities (specified principal amounts are
payable on the same date in each year until final Maturity) or one or more term maturities (specified
principal amounts are payable on each term maturity date) or a combination of serial and term
maturities. The final maturity date typically will range between 1.0 and 30 years from the date of
issuance. Interest on the Fixed Rate Bonds typically is paid semiannually at a stated fixed rate or rates for
each maturity date.
ReMuption, Fixed Rate Bonds may be subject to optional redemption, which allows you, at your option,
to redeem some or all of the bonds on a date prior to scheduled maturity, such as in connection with the
issuance of refunding bonds to take advantage of lower interest rates, Fixed Rate Bonds will be subject to
optional redemption only after the passage of a specified period of time, often approximately ten years
from the date of issuance, and upon payment of the redemption price set forth in the bonds, which may
include redemption premium. You will be required to send out a notice of optional redemption to the
holders of the bonds, usually not less than 30 days prior to the redemption date. Fixed Rate Bonds with
term maturity dates also may be subject to mandatory sinking fund redemption, which requires you to
redeem specified principal amounts of the bonds annually in advance of the term maturity date, The
mandatory sinking fund redemption price is 100% of the principal amount of the bonds to be redeemed.
Securi
Payment of principal of and interest on a municipal security, including Fixed Rate Bonds, may be backed
by various types of pledges and forms of security, some of which are described below.
General Obligation Bonds
"General obligation bonds" are debt securities to which your full faith and credit is pledged to pay
principal and interest. If you have taxing power, generally you will pledge to use your ad valorem
(Property) taxing power to pay principal and interest. Ad valorem taxes necessary to pay debt service on
general obligation bonds may not be subject to state constitutional property tax millage limits (an
unlimited tax general obligation bond). The term "limited" tax is used when such limits exist.
General obligation bonds constitute a debt and, depending on applicable state law, may require that you
obtain approval by voters prior to issuance. In the event of default in required payments of interest or
principal, the holders of general obligation bonds have certain rights under state law to compel you to
impose a tax levy.
Fifth Third Securities is the trade iiaiiiet.ised by Fiffli Thitd Securities, Ira(.., twiiiberR a whAy owned stA)srdiaiy of Fifth Third
Bai*, a reglsteied broker-deak,,r, and a tegisteied irivestriient advisor iegislered with tire, U.S. Securities mid Fxchaiige Cotiai)lissrori lSEQ'r.
Registratioti does iiut ititply a certain level of sktli or training'. Securities and investments offered thorio! i Fifth ThWl Semities, 111C. and
insurance products:
Are Not I'DIC Insured Offer No Bai)k GLI81'allt0o May Lose Value
Are Not Insured By Any Federal Govpminent Agericy Are Not A Do pos it
liisrrrarco products rriade available lhioiqih t - ifth Third li)surance, Agency. Inc,
THIRD -
SECURITIES
Revenue Bonds
"Revenue bonds" are debt securities that are payable only from a specific source or sources of revenues.
Revenue bonds are not a pledge of your full faith and credit and you are obligated to pay principal and
interest on your revenue bonds only from the revenue source(s) specifically pledged to the bonds,
Revenue bonds do not permit the bondholders to compel you to innpose a tax levy for payment of debt
service. Pledged revenues may be derived from operation of the financed project or system., grants or
excise or other specified taxes. Generally, subject to state lama or local charter requirements, you are not
required to obtain voter approval prior to issuance of revenue bonds. If the specified source(s) of revenue
become inadequate, a default in payment of principal or interest may occur. Various types of pledges of
revenue may be used to secure interest and principal payments on revenue bonds. The nature of these
pledges may differ widely based on state law, the type of issuer, the type of revenue stream and other
factors.
Some revenue bonds (conduit revenue bonds) may be issued by a governmental issuer acting as conduit
for the benefit of a private sector entity or a 501(c)(3) organization (the obligor). Conduit revenue bonds
commonly are issued for not -for -profit hospitals, educational institutions, single and multi -family
housing, airports, industrial or economic development projects, and student loan programs, among other
obligors. Principal and "interest on conduit revenue bonds normally are paid exclusively from revenues
pledged by the obligor. Unless otherwise specified under the terms of the bonds, you are not required to
make payments of principal or interest if the obligor defaults.
The description above regarding "Security" is only a brief sununary of certain possible security
provisions for the bonds and is not intended as legal advice. You should consult with your bond counsel
for further rnformationn regarding the security for the bonds.
Financial Risk Considerations
Certain risks may arise in connection with your issuance of Fixed rate Bonds, including some or all of the
following (generally, the obligor, rather than you, will bear these risks for conduit revenue bounds):
Issuer Default risk
You may be in default if the funds pledged to secure your bonds are not sufficient to pay debt service on
the bonds when due. The consequences of a default may be serious for you and, depending on applicable
state law and the terms of the authorizing documents, the holders of the bonds, the trustee and any credit
support provider may be able to exercise a range of available remedies against you. For example, if the
bonds are secured by a general obligation pledge, you may be ordered by a court to raise taxes. Other
budgetary adjustments also may be necessary to enable you to provide sufficient funds to pay debt
service on the bonds, if the bonds are revenue bonds, you may be required to take steps to increase the
available revenues that are pledged as security for the bonds. A default may negatively impact your
credit ratings and nnay effectively limit your ability to publicly offer bonds or other securities at market
interest rate levels. Further, if you are unable to provide sufficient funds to remedy the default, subject to
applicable state law and the terms of the authorizing documents, you may find :it necessary to consider
available alternatives under stake law, including (for some issuers) state -mandated receivership or
bankruptcy. A default also may occur .if you are unable to comply with covenants on: other provisions
agreed to in connection with the issuance of the bonds.
Filth Tlfird Securities is the trade nranae used by Fifth Tfbird C3ecwitues, Inc., member HNRA/SlPC, a wwholly owned subsidi€r y of Flftlt Third
t wik, a registered bsaker-dealer, aiid a regis�tc.red iwesttmetit advi,01, registel,ed with the U.S, Socui� Hes, and E hinge:; C:ommi asion _. Fly.
Registmtiof) does r7CFt imp?ya cel'tail) level cif sl"M otk tocairY'frlg. Sec.rint,les ii)(d I %lestii)e'.iils uf6€,med thioP,Igh Fuhh Tltird:'aecutities, Inn. and
InsCu'run(ra IMOduC:ts:
Ate Not, FINL ht.atared Offor No Bark GUarai'rteer Nlay+ Lose'w!aluc
Are Not Irrsurcd By Airy Y=edcral Govetima ent Agency Are, Not A Deposit:
lnsmante: prottuets exude available thiouggh Fifth Third fi)suiwice Agency, Inc.
FIFTH HIRD"
SECUtITIFFS
This description is only a brief summary of issues relating to defaults and is not intended as legal advice.
You should consult with your bond counsel for further information regarding defaults and remedies.
Redeinl2tion Risk
Your ability to redeem the bonds prior to maturity may be limited, depending on the terms of any
optional redemption provisions. In the event that interest rates decline, you may be unable to take
advantage of the lower interest rates to reduce debt service,.
Refmanchlg_E�isk
If your financing plan contemplates refinancing some or all of the bonds at maturity (for example, if you
have term maturities or if you choose a shorter final maturity than might otherwise be permitted under
the applicable federal tax rules), market conditions or changes in law may limit or prevent you from
refinancing those bonds when required. Further, limitations in the federal tax rules oil advance
refunding of bonds (an advance refunding of bonds occurs when tax-exempt bonds are refunded more
than 90 days prior to the date on which those bonds may be retired) may restrict your ability to refund
the bonds to take advantage of lower interest rates,
Reinvestinent Risk
You may have proceeds of the bonds to invest prior to the time that you are able to spend those proceeds
for the authorized purpose, Depending on market conditions, yo i may not be able to invest those
proceeds at or near the rate of interest that you are paying on the bonds, which is referred to as "negative
arbitrage".
"Tay Coiyphance Risk
The issuance of tax-exempt bonds is subject to a number of requirements under the United States Internal
Revenue Code, as enforced by the Internal Revenue Service (IRS). You must take certain steps and make
certain representations prior to the issuance of tax-exempt bonds. You also must covenant to take certain
additional actions after issuance of the tax-exempt bonds. A breach of your representations or your
failure to comply with certain tax -related covenants may cause the interest on the bonds to become
taxable retroactively to the date of issuance of the bonds, which may result in an increase in the interest
rate that you pay on the bonds or the mandatory redemption of the bonds, The IRS also may audit you
or your bonds, in some cases on a random basis and in other cases targeted to specific types of bond
issues or tax concerns. If the bonds are declared taxable, or if you are subject to audit, the market price of
your bonds, may be adversely affected. Further, your ability to issue other tax-exempt bonds also may be
limited,
This description of tax compliance risks is not intended as, legal advice and you should consult with your
bond counsel regarding tax implications of issuing the bonds.
i"itti, 'ridrd Securities is the bade iianqe LMEd by Fifth Third Seat hies, Inc., member FU,N . -RA/ .S..IM, a Miollyowned subsidjaiy of Fifth Mird
Bank, a registered biokerdeaBer, and a iegistei ed ii ivestment advisor iegistered with the U.S. SeCt_ffitieS wd Exchaii�(,, Gon,iniissioii
Rpfsistratioo does riot iii1ply a ceitam level of skill or tiati-fing, Spciii-iHPs Hiid invesW)PMs offered thIOUgh Hith Third Secui ities, Inc. arid
aIlsurallce products:
Ate Not FDtC IMUred Offer No Bai* GAMRIMCP, May LOSOVrro1L]e
Are Not Irsured By Any Federal Goveri)diiei)t Agency Are Not A Do, posit
InSLIN'.WCO J)10dUCtS Mad(' available thiough Fifth Third 1t)sorance Agoticy, Inc.
BOARD OF PUBLIC WORKS
AGENDA ITEM REVIEW REQUEST FORM
11115 no NO
Name Benjamin Dougherty Department Admin & Finance
.BPW Date August 28, 2018 Phone Extension 7678
Required Prior to Submittal to Board
Legal' Attorney Name Elliot Anderson
Controller review is required for all Contracts $5,000.00 or more
Controller Z and greater than one year in length per the City Purchasing
Policy
Purchasing F-1
L-1
Agreement
H Contract
0 Proposal El Addendum
M
Professional Services
❑ Amendment
F-1 Bid Opening
El
Bid Award
El Req. to Advertise F-1 Title Sheet
F-1 Quote Opening
El
Quote Award
EJ
Chg Order No.
F-1 C/O & PCA No.
❑
PCA
El
Ease./Encroach.
F] Traffic Control
EJ
Resolution
F]
Other:
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Claim
Company or Vendor Name
New Vendor
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Project Name
Project Number
Funding Source
Account No.
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Amount of EJ
El
Re uired Information
Fifth Third Securities, Inc.
M Yes El If Yes, Approved by Purchasing
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El MiBE Completed E-Verify Form Attached El Yes
n WBE [:] No
Econ, Dev. Rev. Bonds, Series 2018 (Potawatomi Zoo ProiE
453-1104-452.,38-04
NTE $3.37 per thousand of par amount (est. total = $14,575.25)
Fixed fee, payable from bond proceeds.
Underwriter services for preparation and negotiated sale of tax-
exempt, 501(c)(3) qualified bonds in support of zoo capital
projects (pursuant to PZS Lease and Management Agreement).
For Change Orders Only
Increase $
Decrease $
Previous Amount $
Current Percent of Change: %
New Amount $
Total Percent of Change: %
Time Extension:
Dispersal After Approval
Copy
Original
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