HomeMy WebLinkAboutBPW-07-02-80 Retain Atty.SmithAMENDED RESOLUTION NO. 7-2-80
Comes now the Board of Public Works of the City of Carmel,
and hereby resolve to retain Paul G. Smith, Attorney at Law,
Noblesville, Indiana, individually and not as a member of the law
~irm of Smith, Pearce & Howard, to represent said City of Carmel
in the issuance and sale of General Obligation Bonds in the
approximate amount of $1,500,000.00.
NOW, THEREFORE, BE IT RESOLVED that said counsel, Paul S.
Smith, shall be paid from the proceeds of the sale of said General
Obligation Bonds a sum equal to two percent (2%) of the proceeds
of the sale payable at such time that said general obligation
SMITH, PEARCB
& HOWARD
bonds are sold.
That Paul G. Smith's duties shall include the preparing of
all necessary ordinances and documents associated with the
issuance and sale of said general obligation bonds.
That the acknowledgment and acceptance of the terms of this
Resolution by said Paul G. Smith, Jr. shall create a contractual
relationship for him to perform the duties referred to herein.
That the effectiveness of the terms of payment thereof are
contingent upon approval and passage of an appropriate General
Obligation Bond ordinance by the Common Council of the City of
Carmel, Indiana.
Dated this 2nd day of July, 1980.
Boar( oil Pu'ibic ~or~ , ~ of Ca~,,~el
Indiana