FY2013-05 Wohlforth/Brech/Cartledge/Brooking - Bond CounselCIO""
'WOHLFO,RTH BREGHT CARTLEDGE BROOKINt
1 1, 11, 111111
A PROFESSIONAL CORPORATION
nance Dircto
Mr. Karleton S e
hort, Fi'
Kodiak Island Borough
710 Mill Bay Road
Kodliaki, AK 9196115
Mr., Bud Cassidy, Acting Borough, M anager
Kodiak Island Borough
7101 Mill Bay, Road'
Kod iak, AK 9196 15,
Re Agreement. for Bond Counsel Services,
2012 Long Term Care, Center Revenue, Bonds
Our File Noi. 4101 .6004
Thank you for selecting Woh1forth, Brecht, Cartledge & Brooking tol provilde bon
counsel services,. The, purpose olfthis engagement letter is to set forth certain mattter
concerning the services we will perform as bond counsel to the Kodiak Island Borioug'
(the "Borough") in connection with the issuance, of the Borough's bonds, [dentifie
abov. I
e
. . . . .. I
111"Te expect to perform the following duties with regard to each issuance of'bond's-.
Subject to, the completion of proceedings, to our, satisfaction,, render our
legal opinion ('the "'Bond Opinion") regarding the validity and binding effect of the bonds,
the source of payment and: security for the bonds, and the excludability of' interest,
for 'federal and State of Alaska income tax
applicable, on the bonds, from gross income
purposes.
,2. Prepare, and review documents necessary or appropriate to the
authorization, issuance, and deliveryr of the Boroulgh's, bonds, and coordinate the
authorization and execution of'such documents.
3. Review le,gal issues relating tof the structure of the bond issue.
Karleton Short, Finance Director
Mr., Bud Cassidy, Acting Borough Manager
july 18, 2012
14. Review those sections of the official statement, private placemen
memorandum., or other 'form, of offering or disclosure document ' to be dissem I inalted i"
connection with a sale of the, bonds involving authority for the bonds,, legal opinion, an
tax exemption. I
5. Draft the continuing discliosu're undert.aking of the Borough, if needel
I will serve as you'r primary attorney contact, and Leila Kimbrell will bel working
with me, on this rnafter. The lead secretary will be Donna, Charter. Other attorneys and
i
staff are available as needeld.
Mr., Karleton Short, Finance Director
Mr. Bud Cassidy, Acting Borough Manager
July 18)i 2012
Pageo4r,'-�
211"Aw-V
If the foregoing terms are acceptable to you, please so indicate by returning the
tnclosed copy of this letter agreement, dated and signeid bly, an authorized officer,
retaining the original for your files. We look forward to working with you.
9=
LA-
,Cheryl i n g
cbrooking@akatty.corn
CAB:1dc
JADocs\4'1016004\EngagemenI Letter,Docx
Mr., Karleton Short, Finance ;Director
Mr. Bud Cassidy, Acting Borough Manager
july 18, 2012
Page,I,
The undersigned has rev'ewed the attached letter dated July 18, an*
agrees that the law firm of Wohlfofrth Brecht, Cartledge & Brooking provide lega,,
services as bond counsel in the manner, set forth in that letter.
rilill or
A00<1
BudCassildy, Acting Borough, e ,
Date,,-,
01