FINANCIAL ADVISORS AGREEMENT
J City of Clearwater, Florida j
Financial Advisor's Agreement
This Agreement made the ~day of ~ , 1997, by and between the City of Clearwater, Florida,
hereinafter referred to as the "City", ~ Fikst Umon CapItal Markets Corp., St. Petersburg, Flonda,
hereinafter referred to as "First Union";
Witnesseth:
Whereas, the attached Financial Advisor's Agreement dated the 5th day of May, 1995, between the City
and Raymond James & Associates, Inc. has been terminated by the City pursuant to Section E of the
General Conditions of such Financial Advisor's Agreement; and
Whereas, the City has a continued need to retain a Financial Advisor to assist the City in investigating
and obtaining capital financing from time to time, including time sensitive financings currently under
review; and
Whereas, the individual most familiar with the City's finances from a Financial Advisory perspective
now works for First Union; and
Whereas, the City has determined that First Union is fully qualified to perform the required services as
Financial Advisor.
Now, Therefore, in consideration ofthe foregoing, the parties agree as follows:
First Union will serve as Financial Advisor to the City of Clearwater under the same terms and
conditions of the attached Financial Advisor's Agreement between the City and Raymond James
contained in the sections entitled:
1) SERVICES TO BE PERFORMED BY THE FINANCIAL ADVISOR: 2) FEES PAID TO
FINANCIAL ADVISOR FOR SERVICES: 3)COSTS PAID BY THE CITY: and 4) GENERAL
CONDITIONS A.. B.. Coo and F.
This Agreement shall be in full force and effect until the 5th day of May, 1998, the final termination date
of the attached agreement between the City and Raymond James, provided, however, that the City shall have
the option, at any time during this period and within it's sole discretion to terminate to be effective upon
receipt by First Union of written notice at least thirty (30) days prior to any such termination.
The total amount of compensation paid to First Union by the City under this agreement (unless extended
by the consent of the parties) shall not exceed $25,000.00 unless first approved by the City.
IN WITNESS WHEREOF, the parties hereto have set their hands and seal the day and year first above
written.
AP7!ltj[orm ~~ ~orre~tness
Pamela K. Akin -
City Attorney ATTE~T:o _
FIRST UNION CAPITAL MARKE,~ CORP.
in //.. ,.
By: .,' .' v /
. - (
City
, rARWATER, FLORIDA /
City, Manager
Michael I. Roberto
o@~?:.;:L.!!.~
Cy hia E. Goudeau
City clerk
By: