HomeMy WebLinkAbout00096C - PA4B13 BIRR WILSON UNDERWRITING AGR TAX EXEMPT SECURITIES 40
Birr-Wilson & CO.-underwriters
for issuance of tax exempt
bonds, re ind/comm' 1 project
UNDERWRITING AGREEMENT AGREEMENT #96, original 9-14-84
Res 242, 9-5-84 PA#4-B13
WHEREAS, Birr, Wilson & Co., Inc. is qualified to underwrite municipal
securities (securities on which interest paid to investors is free from federal
income taxes and, in certain cases, state income taxes); and
WHEREAS, the Redevelopment Agency of the City of Palm Springs, California
desires to retain the services of Birr, Wilson & Co., Inc. to assist in arranging for
tax-exempt financing of an industrial-commercial warehouse facility (Gene Autry
Industrial Park) in a redevelopment project area of the City of Palm Springs, California
through the issuance of tax-exempt securities; therefore
BE IT AGREED THAT Birr, Wilson & Co., Inc. shall assist in the preparation,
issuance and sale of securities in connection with financing the above project and
that the undersigned agrees that for services rendered in such capacity, Birr, Wilson
& Co., Inc. is hereby granted the right to negotiate said financing under mutually
agreeable terms and conditions subject to the mutual understanding that no costs
or expenses whatsoever shall become payable by Friedman Ventures or any partnership
formed to develop the project (the developer) unless securities are actually sold
at which time any costs, expenses, fees, etc., which may be incurred in connection
with the preparation, issuance or sale of said securities shall be payable solely
out of the proceeds of such sale.
This Agreement shall be assignable to the issuing Authority.
Date: ��c t (�'��/ By:
(Title) a
4 4`:RO D BY THE CC3N'iFWNITY REVI /, REDEVELOPMENT AGENCY OF
r ' 2 �2 y,/5 cff THE CITY OF PALM SPRINGS, CALIF.
,�,Ld .t Y �rY ,tiES. 4
Approved and Accepted this ° day of 1984
by FINANCE COMMITTEE of BIRR, WILSON & CO., INC.
7
By: f ✓/