49CITY OF MOSES LAKE
Resolution #^9
A resolution of the City ofl Noses Lake
employingWm.P Harper & Son &Comoanyof Seattle,Washington
to perform certain services in connection with the issuance
and sale of certain Local Improvement Dmstrictbondsto beused
to finance certain improvements"to the City,includingpavements,
street curbings &sidewalks,and for the payment thereof.
WHEREAS,The City of Moses Lake,Washington,is desirous of
making certain additions and betterments to the pavements,
street curbings and sidewalks of said city which are to be
paid for by the issuance and sale of appropriate Local
Improvement..District bonds,and
WHEREAS,it has been determined by the City Commission
that it is to the best interest of the City of Moses Lake
that a person or firm skilled in such mattersbe employed
to assist and advise the City in establishment of the
financing plan to be followed in order to secure the sale
of the L.I.D.bonds at the most advantageous price possible;and
WHEREAS, it is deemed to be to the best interests of the
Qity that it employ Win.P.Harper & Son &Company of Seattle,
Washington, as such advisors to analyze thesituation and
prepare a study showing the financial plans available to
-"the City an$,based upon its experience in the Municipal
bond busines£,to advise and recommend the ilan or plans
which appear to be the most economical,feasible, and
advantageous to the City;
NOW THEREFORE,BE IT RESOLVE1)by the Commissioners of the
City of Moses Lake,Washington-as follows;
SECTION 1,That Wm ?. Harper &Son & Company of Seattle,
Washington be,and they are,hereby employed to have some
one from its Municipal Department be subject to call to
attend such Committee meetings or Council meetings,or
meetings with the 6onsulting Engineer whom the City may
employ,to advise feasible methods of financing said L.I.Ds,
to prepare suitable prospectus for disseminating to dealers
or contractors and to advisethe Council or committee in
connection with its negotiations of sale of the bonds,
SECTION 2;That Wm P.Harper &Son &Company of Seattle,
Washington shall be oaid from funds received from the
financing ,its out of pocket expenses and a fee calculated
*s*>at '-'50.00 per day for services rendered by anyone in its
Municipal Department and which time shall be calculated by
Wm.P.Harper'&Son &Comoany provided that,if for any reason,
the City Council should decide to abandon any such financing
that Wm.P.Harper & Son & Company shall render its statement
of out of pocket expenses which shall become due andpayable.
This agreement shall be in effect until the completion of
the financing or until Anril 2nd,1951,subject to extension
at our oution.
Citjr of Moses LakeCityofMosesL
Mayor
Attest vS^jvtA^nAJ^jl^
Clerk
The terms of the above resolution are agreeable to and are
hereby accepted by;
WM.P.Harper &Son &Company
Dated.Aoril 12th,19^9 by
Sherman Ellsworth V.P