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R-87-1025 - 7/23/1987WHEREAS, the City Council is contemplating the issuance of an undetermined amount of Bonds and /or Certificates of Obligation, and WHEREAS, in connection of the issuance of the bonds the City will require certain legal services, and WHEREAS, Vinson & Elkins has submitted a proposed Contract for review by the City Council, and WHEREAS, the City Council desires to enter into the Contract with Vinson & Elkins for legal services, Now Therefore, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS That the Mayor is hereby authorized and directed to execute on behalf of the City a Contract with Vinson & Elkins, a copy of said contract being attached hereto and incorporated herein for all purposes. RESOLVED this 23rd day of July, 1987. ATTEST: 1 11dji //' ii /JL NNE LAND, City Secretary RESOLUTION NO. IVdiSIL MIKE ROBINSON, Mayor City of Round Rock, Texas DATE: `July 21, 1987 SUBJECT: Council Agenda, July 23, 1987 ITEM: 9. C. Consider a resolution authorizing the Mayor to enter into a contract for Bond Counsel. This contract is with Vinson and Elkins to perform Legal work associated with issuance of bonds. October 8, 1987 Debbie, RONALD J. FREEMAN These are the duplicate original bond counsel contracts approved by the Council on July 23, 1987, I believe. I have redated them to today. Please have the Mayor sign both; keep one for the City's records; return the other to me. Call if you have any questions. Very truly yours, l ox Ronald J. Freeman 3300 FIRST CITY TOWER 1001 FANNIN HOUSTON, TEXAS 77002 -6760 TELEPHONE 713 651 -2222 CABLE VINELKINS -TELEX 762146 THE WILLARD OFFICE BUILDING 1455 PENNSYLVANIA AVE. N.W. WASHINGTON, D.C. 20004 -1007 TELEPHONE 202 639 -8500 TELEX 80500 VINSON & ELKINS ATTORNEYS AT LAW FIRST CITY CENTRE 816 CONGRESS AVENUE AUSTIN, TEXAS 78701 -2496 TELEPHONE 512 495-6400 Honorable Mike Robinson, Mayor City of Round Rock 214 East Main Street Round Rock, TX 78664 October 8, 1987 Re: City of Round Rock - Legal Services Contract 020 LTV CENTER 2001 ROSS AVENUE DALLAS, TEXAS 75201 -2916 TELEPHONE 214 979 -6600 47 CHARLES ST., BERKELEY SQUARE LONDON WiX 7PB, ENGLAND TELEPHONE 01 441 491 -7236 CABLE VINELKINS LONDON WI- TEL...10 Dear Mayor Robinson: This letter, when accepted by the City of Round Rock (the "City "), will evidence our agreement to perform certain legal services as herein described. We will perform services as bond counsel in connection with the authorization, issuance, and sale of bonds (the "Bonds "), to be issued from time to time by the City. Our services as bond counsel will include the preparation and review of legal notices, resolutions, and ordinances for adoption by the City Council, including, if necessary, ordinances calling and canvassing bond elections; preparation and presentation of a transcript of proceedings relating to the authorization and issuance of the Bonds to the Attorney General of Texas in connection with his ap- proval of the Bonds; supervision of the printing of the Bonds; registration of the Bonds with the Comptroller of Public Accounts of the State of Texas; and preparation of closing documents and representation of the City at the closing of the sale of each issue or installment of the Bonds. In addition, in our capacity as bond counsel, we will review each such transcript of proceedings pertaining to the Bonds, and, where appropriate, will render our opinion that the Bonds are valid and binding obligations of the City and that the interest on the Bonds is excludable from gross income for federal income tax under then existing law. The City has retained the firm of First Southwest Company, to serve as financial advisor to the City and it is our understanding that said firm will be responsible for advising the City concerning the sale of the Bonds and will assist the City in the preparation of an Official Notice of Sale and an Official Statement (the "Offering Documents ") in Mayor and City Council October 8, 1987 Page 2 connection with each issue of the Bonds offered for sale to the public. In our capacity as bond counsel, we will review those portions of the Offering Documents which describe the City's legal authority for issuance of the Bonds to determine whether such description conforms to and fairly summarizes relevant provisions of Texas law and the requirements of the City of Round Rock with regard to the sale of the Bonds. We will not, however, undertake to independently verify any of the factual information contained in the Offering Documents, nor will we conduct any investigation of the affairs of the City for the purpose of passing on the accuracy or complete- ness of the Offering Documents. Since our role in connec- tion with the Offering Documents will be of an advisory rather than an investigatory nature, said documents will contain a statement describing our services as outlined above and stating that our limited participation may not be relied upon as an assumption of responsibility for, or an expression of opinion of any kind with regard to, the accuracy or completeness of the information contained therein. Unless specifically requested by the City pursuant to terms and conditions to be set forth in a separate engage- ment letter, we will not be responsible for advising the City concerning the provisions of the various securities laws, including the Securities Act of 1933 and the Secu- rities Exchange Act of 1934, and the securities laws of the various states in which the Bonds may be sold. For our services as bond counsel in connection with the authorization, issuance, and sale of the Bonds (other than refunding Bonds), the City will pay a fee in accordance with the attached Schedule "A," said fee to be due and payable from the proceeds of the bond issue. Fees for refunding bonds shall be agreed to at the time of issuance. The above fee shall be applicable to each separate issue or installment of the Bonds, but shall only be due with respect to Bonds actually issued, sold, and delivered. In addition to our services as bond counsel, the City may, from time to time, retain our services as legal counsel on special matters. We would expect to enter into a sepa- rate agreement with the City in regard to those specific matters at that time. In addition to our services, the City will reimburse us for actual out -of- pocket expenses, such as printing and reproduction of documents, secretarial overtime, travel, telephone, telegraph, telex, and similar expenses, and all items paid for by us on behalf of the City. All of our Mayor and City Council October 8, 1987 Page 3 expenses will be reasonable and subject to approval of the City and will be billed on a monthly basis. This agreement will expire on June 18, 1990; provided, however, this contract may be terminated by either party upon 30 days written notice to the other party. In the event of termination by the City, we would expect to be paid for fees and expenses due and owing at the time of termination. As we have discussed with you, our representation of the City involves certain commitments by the firm not to take a position adverse to the City in litigation, business negotiations or other legal matters. Because of the broad base of clients which the firm represents on a variety of legal matters, it is possible that the City may find itself in a position adverse to another firm client in litigation, business negotiations or some other legal matter unrelated to our representation of the City. We recognize that we shall be disqualified from representing any client in any matter which is substantially related to our representation of the City, and shall be disqualified from representing any client in any matter where any confidential information or data concerning the City made available to us during our representation of the City becomes material or relevant to such matter or where use or knowledge of such information could be adverse to the interest of the City. The City agrees that, except as set forth in the preceding sentence, the firm shall be entitled to represent the interests of any other client against those of the City in litigation, business negotiations or other legal matters. If the terms and conditions set forth above are satis- factory, please take formal action to employ this firm and indicate your acceptance of this agreement by signature below. By: Respectfully submitted, VINSON & ELKINS Mayor and City Council October 8, 1987 Page 4 day of ATTEST: Appro ed and accepted by the City Council on the <3 , 1987. (1/714 ,/k-/i'=i Ci y Secretary City of Round Rock (SEAL) RROCK:01 cc: Bob Bennett, City Manager 71.4 IL Mayor City of Round Rock SCHEDULE A 1. Daes not apply to contract dements. 2. Multiple delivery CO minimum is 83000 plus 350 per delivery and 300 per change order. 3. Replacement bond minimum is 82500. AMT. TAX REV AMT. TAX REV fin 1.00n'D) 300 1500 2500 IMIN) 3550 5940 8050 350 1625 2625 3600 5980 8100 400 1750 2730 3650 6020 8150 450 1875 2875 3700 6060 8200 500 2000 3000 3750 6100 8250 550 2100 3100 3800 6140 8300 600 2200 3200 3850 6180 8350 650 2300 3300 3900 6220 0400 700 2400 3400 3950 6260 8450 750 2500 3500 4000 6300 8500 800 2600 3600 4050 6340 8550 850 2700 3700 4100 6380 8600 900 2900 3800 4150 6420 0650 950 2900 3900 4200 6460 9700 1000 3000 4000 4250 6500 8750 1050 3075 4100 4300 6540 8800 1100 3150 4200 4350 6580 8850 1150 3225 4300 4400 6620 8900 1200 3300 4400 4450 6660 8950 1250 3375 4500 4500 6700 9000 1300 3450 4600 4550 6740 9050 1350 3525 4700 4600 6780 9100 1400 3600 4800 4650 6820 9150 1450 3675 4900 4700 6860 9200 1500 3750 5000 4750 6900 9250 1550 3825 5100 4800 6940 9300 1600 3900 5200 4850 6980 9350 1650 3975 5300 4900 7020 9400 1700 4050 5400 4950 7060 9450 1750 4123 5500 5000 7100 9500 1800 4200 5600 5050 7140 9540 1850 4275 5700 5100 7180 9580 1900 4350 5800 5150 7220 9620 1950 4425 5900 5200 7260 9660 2000 4500 6000 5250 7300 9700 2050 4550 6075 5300 7340 9740 2100 4600 6150 5350 7380 9780 2150 4650 6223 5400 7420 9820 2200 4700 6300 5430 7460 9860 2250 4750 6375 5500 7500 9900 2300 4800 6450 5550 7540 9940 2350 4850 6525 5600 7580 9980 2400 4900 6600 5650 7620 10020 2450 4950 6675 5700 7660 10060 2500 5000 6750 5750 7700 10100 2550 5050 6825 5800 7740 10140 2600 5100 6900 5850 7780 10180 2650 5150 6975 5900 7820 10220 2700 5200 7050 5950 7060 10260 2750 5250 7125 6000 7900 10300 2800 5300 7200 2850 5:130 7275 2900 5400 7350 For issuance in excess of $6,000,000, 2950 5450 7425 fee is $10,300 plus .60/$1,000 for all 3000 5500 7500 amounts over $6,000,000 for both tax 3050 5540 7550 and revenue bonds. 3100 5580 7600 3150 5620 7650 3200 5660 7700 3250 5700 7750 3500 8740 7800 3=50 5780 7850 3400 5820 7900 3450 5860 7950 3500 5900 8000 3300 FIRST CITY TOWER 1001 FANNIN HOUSTON,TEXAS 77002 -6760 TELEPHONE 713 651 -2222 CABLE VINELKINS -TELEX 752146 THE WILLARD OFFICE BUILDING 455 PENNSYLVANIA AVE. W. WASHINGTON, D. C. 20004.1007 TELEPHONE 202 639-6500 TELE% 99660 Mr. Bob Bennett City Manager City of Round Rock 214 E. Main St. Round Rock, TX 78664 Dear Bob: 0642:3058 RROCK:03 Encls. VINSON & ELKINS ATTORNEYS AT LAW FIRST CITY CENTRE BIB CONGRESS AVENUE AUSTIN, TEXAS 78701 -2496 TELEPHONE 512 495-6400 July 8, 1987 Re: Bond Counsel Contract RECEIVED JUL o 8 1987 2020 LTV CENTER 2001 ROSS AVENUE DALLAS, TEXAS 75201 -2916 TELEPHONE 214 979 -6600 47 CHARLES ST., BERKELEY SQUARE LONDON W1X 7P9, ENGLAND TELEPHONE 01 441 491 -7236 CABLE VINFLHINS LONDON W1•TELE %24140 Enclosed please find duplicate originals of our con- tract with the City for bond counsel services. Please have the Mayor execute both originals, keep one for your files and return the other to us. We look forward to working with you. Very truly yours, /� V\ Ole J iuunnei any` , Ronald J. Freeman 3300 FIRST CITY TOWER 1001 FANNIN HOUSTON, TEXAS 77002 -6760 TELEPHONE 713 651 -2222 CABLE VINELHINS -TELEX 762146 THE WILLARO OFFICE BUILDING 1455 PENNSYLVANIA AVE. N.W. WASHINGTON, D. C. 20004 -1007 TELEPHONE 202 639-6500 TELE% 89600 Honorable Mike Robinson, Mayor City of Round Rock 214 East Main Street Round Rock, TX 78664 Re: City of Round Rock - Legal Services Contract Dear Mayor Robinson: VINSON 6E ELKINS ATTORNEYS AT LAW FIRST CITY CENTRE 816 CONGRESS AVENUE AUSTIN, TEXAS 78701 -2496 TELEPHONE 512 495 -6400 July 7, 1987 020 LTV CENTER 2001 ROSS AVENUE DALLAS, TEXAS 75201 -2916 TELEPHONE 214 979 -6600 47 CHARLES ST., BERKELEY SQUARE LONDON W1X 7PB, ENGLAND TELEPHONE 01 941 991 -7236 CABLE VINEL%INS LONDON Wl -TELE% 2990 This letter, when accepted by the City of Round Rock (the "City "), will evidence our agreement to perform certain legal services as herein described. We will perform services as bond counsel in connection with the authorization, issuance, and sale of bonds (the "Bonds "), to be issued from time to time by the City. Our services as bond counsel will include the preparation and review of legal notices, resolutions, and ordinances for adoption by the City Council, including, if necessary, ordinances calling and canvassing bond elections; preparation and presentation of a transcript of proceedings relating to the authorization and issuance of the Bonds to the Attorney General of Texas in connection with his ap- proval of the Bonds; supervision of the printing of the Bonds; registration of the Bonds with the Comptroller of Public Accounts of the State of Texas; and preparation of closing documents and representation of the City at the closing of the sale of each issue or installment of the Bonds. In addition, in our capacity as bond counsel, we will review each such transcript of proceedings pertaining to the Bonds, and, where appropriate, will render our opinion that the Bonds are valid and binding obligations of the City and that the interest on the Bonds is excludable from gross income for federal income tax under then existing law. The City has retained the firm of First Southwest Company, to serve as financial advisor to the City and it is our understanding that said firm will be responsible for advising the City concerning the sale of the Bonds and will assist the City in the preparation of an Official Notice of Sale and an Official Statement (the "Offering Documents ") in Mayor and City Council July 7, 1987 Page 2 connection with each issue of the Bonds offered for sale to the public. In our capacity as bond counsel, we will review those portions of the Offering Documents which describe the City's legal authority for issuance of the Bonds to determine whether such description conforms to and fairly summarizes relevant provisions of Texas law and the requirements of the City of Round Rock with regard to the sale of the Bonds. We will not, however, undertake to independently verify any of the factual information contained in the Offering Documents, nor will we conduct any investigation of the affairs of the City for the purpose of passing on the accuracy or complete- ness of the Offering Documents. Since our role in connec- tion with the Offering Documents will be of an advisory rather than an investigatory nature, said documents will contain a statement describing our services as outlined above and stating that our limited participation may not be relied upon as an assumption of responsibility for, or an expression of opinion of any kind with regard to, the accuracy or completeness of the information contained therein. Unless specifically requested by the City pursuant to terms and conditions to be set forth in a separate engage- ment letter, we will not be responsible for advising the City concerning the provisions of the various securities laws, including the Securities Act of 1933 and the Secu- rities Exchange Act of 1934, and the securities laws of the various states in which the Bonds may be sold. For our services as bond counsel in connection with the authorization, issuance, and sale of the Bonds (other than refunding Bonds), the City will pay a fee in accordance with the attached Schedule "A," said fee to be due and payable from the proceeds of the bond issue. Fees for refunding bonds shall be agreed to at the time of issuance. The above fee shall be applicable to each separate issue or installment of the Bonds, but shall only be due with respect to Bonds actually issued, sold, and delivered. In addition to our services as bond counsel, the City may, from time to time, retain our services as legal counsel on special matters. We would expect to enter into a sepa- rate agreement with the City in regard to those specific matters at that time. In addition to our services, the City will reimburse us for actual out -of- pocket expenses, such as printing and reproduction of documents, secretarial overtime, travel, telephone, telegraph, telex, and similar expenses, and all items paid for by us on behalf of the City. All of our Mayor and City Council July 7, 1987 Page 3 expenses will be reasonable and subject to approval of the City and will be billed on a monthly basis. This agreement will expire on June 18, 1990; provided, however, this contract may be terminated by either party upon 30 days written notice to the other party. In the event of termination by the City, we would expect to be paid for fees and expenses due and owing at the time of termination. As we have discussed with you, our representation of the City involves certain commitments by the firm not to take a position adverse to the City in litigation, business negotiations or other legal matters. Because of the broad base of clients which the firm represents on a variety of legal matters, it is possible that the City may find itself in a position adverse to another firm client in litigation, business negotiations or some other legal matter unrelated to our representation of the City. We recognize that we shall be disqualified from representing any client in any matter which is substantially related to our representation of the City, and shall be disqualified from representing any client in any matter where any confidential information or data concerning the City made available to us during our representation of the City becomes material or relevant to such matter or where use or knowledge of such information could be adverse to the interest of the City. The City agrees that, except as set forth in the preceding sentence, the firm shall be entitled to represent the interests of any other client against those of the City in litigation, business negotiations or other legal matters. If the terms and conditions set forth above are satis- factory, please take formal action to employ this firm and indicate your acceptance of this agreement by signature below. By: Respectfully submitted, VINSON & ELKINS Mayor and City Council July 7, 1987 Page 4 Approved and accepted by the City Council on the day of , 1987. ATTEST: 4/. �lii �� _ 'A C y Secretary City of Round Rock (SEAL) RROCK:01 cc: Bob Bennett, City Manager Mayor City of Round Rock AMT. TAX REV (in 1,000's) 300 1500 2500 (MIN) 350 1625 2625 400 1750 2750 450 1875 2875 500 2000 3000 550 2100 3100 600 2200 3200 650 2300 3300 700 2400 3400 750 2500 3500 800 2600 3600 850 2700 3700 900 2800 3800 950 2900 3900 1000 3000 4000 1050 3075 4100 1100 3150 4200 1150 3225 4300 1200 3300 4400 1250 3375 4500 1300 3450 4600 1350 3525 4700 1400 3600 4900 1450 3675 4900 1500 3750 5000 1550 3825 5100 -1600 3900 5200 _1650 3975 5300 1700 4050 5400 1750 4123 5500 1800 4200 5600 1850 4275 5700 1900 4350 5800 1950 4425 5900 2000 4500 6000 2050 4550 6075 2100 4600 6150 2150 4650 6225 2200 4700 6300 2250 4750 6375 2300 4800 6450 2350 4830 6525 2400 4900 6600 2450 4950 6675 2500 5000 6750 2550 5050 6825 2600 5100 6900 2650 5150 6975 2700 5200 7050 2750 5250 7125 2800 5300 7200 2850 5:150 7275 2900 5400 7350 2950 5450 7425 3000 5500 7500 3050 5540 7550 3100 5580 7600 3150 5620 7650 3200 5660 7700 3250 5700 7750 3300 5740 7800 5350 5780 7850 3400 5820 7900 3450 5860 7950 3500 5900 8000 SCHEDULE A 1. Does not apply to contract arrangements. 2. Multiple delivery CO minimum 1■ $3000 plus 350 per delivery and 300 per change order. 3. Replacement bond minimum is $2500. AMT. TAX REV 3550 5940 8050 3600 5980 9100 3650 6020 9150 3700 6060 8200 3750 6100 8250 3800 6140 8300 3850 6180 8350 3900 6220 8400 3950 6260 8450 4000 6300 8500 4050 6340 8330 4100 6380 8600 4150 6420 8650 4200 6460 8700 4250 6500 6750 4300 6540 8800 4350 6580 8850 4400 6620 9900 4450 6660 8950 4500 6700 9000 4550 6740 9050 4600 6780 9100 4650 6820 9150 4700 6860 9200 4750 6900 9250 4800 6940 9300 4850 6980 9350 4900 7020 9400 4950 7060 9450 5000 7100 9500 5050 7140 9540 5100 7180 9580 5150 7220 9620 5200 7260 9660 5250 7300 9700 5300 7340 9740 5350 7380 9780 5400 7420 9820 5450 7460 9860 5500 7500 9900 5550 7540 9940 5600 7580 9980 5650 7620 10020 5700 7660 10060 5750 7700 10100 5800 7740 10140 5850 7780 10180 5900 7820 10220 5950 7860 10260 6000 7900 10300 For issuance in excess of $6,000,000, fee is $10,300 plus .60/$1,000 for all amounts over $6,000,000 for both tax and revenue bonds. 3300 FIRST CITY TOWER 1001 FANNIN HOUSTON, TEXAS 77002 -6760 TELEPHONE 713 651 -2222 CABLE VINELHINS -TELE% 762146 THE LLARD OFFICE BUILDING 1455 PENNSYLVANIA AVE. N. W. WASHINGTON, D.C. 20004-1007 TELEPHONE 207 639-6500 TELEX 69660 VINSON & ELKINS ATTORNEYS AT LAW FIRST CITY CENTRE 016 CONGRESS AVENUE AUSTIN, TEXAS 78701 -2496 TELEPHONE 512 495 -6000 July 7, 1987 Honorable Mike Robinson, Mayor City of Round Rock 214 East Main Street Round Rock, TX 78664 Re: City of Round Rock - Legal Services Contract Dear Mayor Robinson: 2020 LTV CENTER 2001 ROSS AVENUE DALLAS, TEXAS 7620/2916 TELEPHONE 214 979 -6600 47 CHARLES ST- ,BERKELEY SQUARE LONDON W1X 7PB, ENGLAND TELEPHONE 01 441 491 -7236 CABLE VINELHINS LONDON WI.TELEX 24140 This letter, when accepted by the City of Round Rock (the "City "), will evidence our agreement to perform certain legal services as herein described. We will perform services as bond counsel in connection with the authorization, issuance, and sale of bonds (the "Bonds "), to be issued from time to time by the City. Our services as bond counsel will include the preparation and review of legal notices, resolutions, and ordinances for adoption by the City Council, including, if necessary, ordinances calling and canvassing bond elections; preparation and presentation of a transcript of proceedings relating to the authorization and issuance of the Bonds to the Attorney General of Texas in connection with his ap- proval of the Bonds; supervision of the printing of the Bonds; registration of the Bonds with the Comptroller of Public Accounts of the State of Texas; and preparation of closing documents and representation of the City at the closing of the sale of each issue or installment of the Bonds. In addition, in our capacity as bond counsel, we will review each such transcript of proceedings pertaining to the Bonds, and, where appropriate, will render our opinion that the Bonds are valid and binding obligations of the City and that the interest on the Bonds is excludable from gross income for federal income tax under then existing law. The City has retained the firm of First Southwest Company, to serve as financial advisor to the City and it is our understanding that said firm will be responsible for advising the City concerning the sale of the Bonds and will assist the City in the preparation of an Official Notice of Sale and an Official Statement (the "Offering Documents ") in Mayor and City Council July 7, 1987 Page 2 connection with each issue of the Bonds offered for sale to the public. In our capacity as bond counsel, we will review those portions of the Offering Documents which describe the City's legal authority for issuance of the Bonds to determine whether such description conforms to and fairly summarizes relevant provisions of Texas law and the requirements of the City of Round Rock with regard to the sale of the Bonds. We will not, however, undertake to independently verify any of the factual information contained in the Offering Documents, nor will we conduct any investigation of the affairs of the City for the purpose of passing on the accuracy or complete- ness of the Offering Documents. Since our role in connec- tion with the Offering Documents will be of an advisory rather than an investigatory nature, said documents will contain a statement describing our services as outlined above and stating that our limited participation may not be relied upon as an assumption of responsibility for, or an expression of opinion of any kind with regard to, the accuracy or completeness of the information contained therein. Unless specifically requested by the City pursuant to terms and conditions to be set forth in a separate engage- ment letter, we will not be responsible for advising the City concerning the provisions of the various securities laws, including the Securities Act of 1933 and the Secu- rities Exchange Act of 1934, and the securities laws of the various states in which the Bonds may be sold. For our services as bond counsel in connection with the authorization, issuance, and sale of the Bonds (other than refunding Bonds), the City will pay a fee in accordance with the attached Schedule "A," said fee to be due and payable from the proceeds of the bond issue. Fees for refunding bonds shall be agreed to at the time of issuance. The above fee shall be applicable to each separate issue or installment of the Bonds, but shall only be due with respect to Bonds actually issued, sold, and delivered. In addition to our services as bond counsel, the City may, from time to time, retain our services as legal counsel on special matters. We would expect to enter into a sepa- rate agreement with the City in regard to those specific matters at that time. In addition to our services, the City will reimburse us for actual out -of- pocket expenses, such as printing and reproduction of documents, secretarial overtime, travel, telephone, telegraph, telex, and similar expenses, and all items paid for by us on behalf of the City. All of our Mayor and City Council July 7, 1987 Page 3 expenses will be reasonable and subject to approval of the City and will be billed on a monthly basis. This agreement will expire on June 18, 1990; provided, however, this contract may be terminated by either party upon 30 days written notice to the other party. In the event of termination by the City, we would expect to be paid tor fees and expenses due and owing at the time of termination. As we have discussed with you, our representation of the City involves certain commitments by the firm not to take a position adverse to the City in litigation, business negotiations or other legal matters. Because of the broad base of clients which the firm represents on a variety of legal matters, it is possible that the City may find itself in a position adverse to another firm client in litigation, business negotiations or some other legal matter unrelated to our representation of the City. We recognize that we shall be disqualified from representing any client in any matter which is substantially related to our representation of the City, and shall be disqualified from representing any client in any matter where any confidential information or data concerning the City made available to us during our representation of the City becomes material or relevant to such matter or where use or knowledge of such information could be adverse to the interest of the City. The City agrees that, except as set forth in the preceding sentence, the firm shall be entitled to represent the interests of any other client against those of the City in litigation, business negotiations or other legal matters. If the terms and conditions set forth above are satis- factory, please take formal action to employ this firm and indicate your acceptance of this agreement by signature below. By: Respectfully submitted, VINSON & ELKINS Mayor and City Council July 7, 1987 Page 4 Approved and accepted by the City Council on the day of , 1987. ATTEST: Ci/Ty Secretary City of Round Rock (SEAL) RROCK:01 cc: Bob Bennett, City Manager Mayor City of Round Rock AMT. TAX REV (in l.00n's) 300 1500 2500 (MIN) 350 1625 2625 400 1750 2750 450 1875 2875 500 2000 3000 550 2100 3100 600 2200 3200 650 2300 3300 700 2400 3400 750 2500 3500 800 2600 3600 850 2700 3700 900 2800 3800 950 2900 3900 1000 3000 4000 1050 3075 4100 1100 3150 4200 1150 3225 4300 1200 3300 4400 1250 3375 4500 1300 3450 4600 1350 3525 4700 1400 3600 4800 1450 3675 4900 1500 3750 5000 1550 3825 5100 -1600 3900 5200 _1650 3975 5300 1700 4050 5400 1750 4125 5500 1800 4200 5600 1850 4275 5700 1900 4350 5800 1950 4425 5900 2000 4500 6000 2050 4550 6075 2100 4600 6150 2150 4650 6225 2200 4700 6300 2250 4750 6375 2300 4800 6450 2350 4850 6525 2400 4900 6600 2450 4950 6675 2500 5000 6750 2550 5050 6825 2600 5100 6900 2650 5150 6975 2700 5200 7050 2750 5250 7125 2800 5300 7200 2850 5450 7275 2900 5400 7350 2950 5450 7425 3000 5500 7500 3050 5540 7550 3100 5580 7600 3150 5620 7650 3200 5660 7700 3250 5700 7750 3700 5740 7900 3750 5780 7850 3400 5820 7900 3450 5860 7950 3500 5900 8000 SCHEDULE A 1. Does not apply to contract arrangements. 2. Multiple delivery CO minimum is 93000 plus 350 per delivery and 300 per change order. 3. Replacement bond minimum is 92500. AMT. TAX REV 3550 5940 0050 3600 5980 9100 3650 6020 8150 3700 6060 8200 3750 6100 9250 3800 6140 8300 3850 6180 8350 3900 6220 8400 3950 6260 8450 4000 6300 8500 4050 6340 8550 4100 6380 8600 4150 6420 8650 4200 6460 8700 4250 6500 8750 4300 6540 8800 4350 6590 8850 4400 6620 8900 4450 6660 8950 4500 6700 9000 4550 6740 9050 4600 6700 9100 4650 6820 9150 4700 6860 9200 4750 6900 9250 4800 6940 9300 4850 6980 9350 4900 7020 9400 4950 7060 9450 5000 7100 9500 5050 7140 9540 5100 7180 9580 5150 7220 9620 5200 7260 9660 5250 7300 9700 5300 7340 9740 5350 7380 9780 5400 7420 9820 5450 7460 9860 5500 7500 9900 5550 7540 9940 5600 7580 9980 5650 7620 10020 5700 7660 10060 5750 7700 10100 5800 7740 10140 5850 7780 10180 5900 7820 10220 -, 5950 7960 10260 6000 7900 10300 For issuance in excess of $6,000,000, fee is $10,300 plus .60 /$1,000 for all amounts over $6,000,000 for both tax and revenue bonds.