HomeMy WebLinkAboutCity of Tamarac Resolution R-2003-268Temp Reso #10270-October 8, 2003
Revision: October 15, 2003
Revision: October 16, 2003
Page 1
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CITY OF TAMARAC, FLORIDA
RESOLUTION NO. R-2003-
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF
TAMARAC, FLORIDA, AUTHORIZING THE APPROPRIATE
CITY OFFICIALS TO AWARD RFP 03-26R, "UNDERWRITING
AND FINANCIAL ADVISORY SERVICES", TO AND TO
EXECUTE AN AGREEMENT WITH WILLIAM R. HOUGH & CO.,
FOR UNDERWRITING SERVICES, IN AN AMOUNT NOT TO
EXCEED FOUR DOLLARS AND FIFTY-FIVE CENTS ($4.55)
PER ONE THOUSAND DOLLAR ($1,000) BOND ISSUED, IN
CONJUNCTION WITH THE PROPOSED ISSUANCE OF
UTILITIES REVENUE BONDS; PROVIDING FOR CONFLICTS;
PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN
EFFECTIVE DATE.
WHEREAS, the City has determined a need for underwriting services for
the proposed issuance of Utilities Revenue Bonds; and
WHEREAS, the City of Tamarac publicly advertised RFP 03-26R,
"Underwriting and Financial Advisory Services" on Sept. 9 and Sept. 14, 2003, a
copy of said RFP is attached hereto as Exhibit 1; and
WHEREAS, eleven (11) firms were solicited, and six (6) responses were
received, from the following firms:
1. Dunlap & Associates, Inc.
2. First Southwest Company
3. Kirkpatrick Pettis Smith & Polian, Inc.
4. Public Financial Management
5. Wachovia Bank, N.A.
6. William R. Hough & Company; and
' WHEREAS, an Evaluation and Selection Committee, consisting of the
Assistant City Manager, Director of Finance, and the Finance and Policy Officer
Temp Reso #10270-October 8, 2003
Revision: October 15, 2003
Revision: October 16, 2003
Page 2 '
conducted an extensive evaluation of each proposal to determine each firm's
responsiveness to the City's requirements; and
WHEREAS, the Evaluation and Selection Committee determined that
Kirkpatrick Pettis Smith & Polian, Inc., and William R. Hough & Company were
ranked as the top two (2) firms on the basis of experience, including experience
with Florida financings, capital position, marketing strategy, innovative technique
and cost of services, a copy of said evaluation total ranking is attached hereto as
Exhibit 2; and
WHEREAS, the Municipal Securities Rulemaking Board (MSRB) Rule G-
23(d) does not allow the same firm to provide both financial advisory and
underwriting services, thereby necessitating a separate award and contract for I
each service; and
WHEREAS, William R. Hough & Company provided the lowest cost for
underwriting services; and
WHEREAS, the Evaluation and Selection Committee entered into the
contract negotiation phase with William R. Hough & Co.; and
WHEREAS, a mutually acceptable agreement has been negotiated
between the City and William R. Hough & Co., a copy of said agreement is
attached hereto as Exhibit 3; and
WHEREAS, the Director of Finance and the Purchasing and Contracts
Manager recommend that RFP 03-26R, "Underwriting and Financial Advisory
Services" be awarded to, and an agreement executed with, William R. Hough & ,
Temp Reso #10270-October 8, 2003
Revision: October 15, 2003
Revision: October 16, 2003
Page 3
Co. for Underwriting services in an amount not to exceed Four Dollars and fifty-
five cents ($4.55) per one thousand dollar ($1,000) bond issued, in conjunction
with the proposed issuance of Utilities Revenue Bonds; and
WHEREAS, the City Commission of the City of Tamarac, Florida deems it
to be in the best interest of the citizens and residents of the City of Tamarac to
award RFP-03-26R to, and execute an Agreement with, William R. Hough & Co.
in an amount not to exceed Four Dollars and fifty-five cents ($4.55) per one
thousand dollar ($1,000) bond issued to provide Underwriting services for the
proposed issuance of Utilities Revenue Bonds.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF
' THE CITY OF TAMARAC, FLORIDA:
SECTION 1: The foregoing "WHEREAS' clauses are hereby
ratified and confirmed as being true and correct and are hereby made a specific
part of this Resolution.
SECTION 2: The award of RFP 03-26R, "Underwriting and
Financial Advisory Services", to and the execution of an agreement with William
R. Hough & Co. in an amount not to exceed Four Dollars and fifty-five cents
($4.55) per one thousand dollar ($1,000) bond issued for providing Underwriting
services in the issuance of Utilities Revenue Bonds is hereby approved.
SECTION 3: All resolutions or parts of resolutions in conflict
herewith are hereby repealed to the extent of such conflict.
' SECTION 4: If any clause, section, other part or application of this
Resolution is held by any court of competent jurisdiction to be unconstitutional or
Temp Reso #10270-October 8, 2003
Revision: October 15, 2003
Revision: October 16, 2003
Page 4
invalid, in part or application, it shall not affect the validity of the remaining
portions or applications of this Resolution.
SECTION 5: This Resolution shall become effective immediately
upon its passage and adoption.
PASSED, ADOPTED AND APPROVED this 261h day of November, 2003.
ATTEST:
-�J
MARION SWENSON, CMC
CITY CLERK
I HEREBY CERTIFY that
I have approved this
RESOLUTION as to form.
T
Alt-CHELL S.
CITY ATrOI
JOE SCHREIBER, MAYOR
RECORD OF COMMISSION VOTE: Z
MAYOR SCHREIBER
DIST 1: COMM. PORTNER
DIST 2: COMM. FLANSBAUM-TALABISCO
DIST 3: COMM. SULTANOF /
DIST 4: VIM ROBERTS !
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AGREEMENT FOR PROFESSIONAL SERVICES
THIS AGREEMENT made and entered into this 2 day of ltJor'emh e.i-
20 G by and between the City of Tamarac, a municipal corporation of the State of Florida
with principal offices located at 7525 NW 88th Avenue, Tamarac FL 33321, hereinafter
referred to as CITY, and William R. Hough & Co., a Florida corporation with principal offices
located at 100 Second Avenue South, Suite 800, St. Petersburg FL 33701, hereinafter
referred to as CONSULTANT:
WHEREAS, the CITY intends to utilize an Underwriter to oversee the issuance of
Utilities Revenue Bonds, Series 2003; and,
WHEREAS, the CITY requires certain professional services in connection with
said Underwriting services; and,
WHEREAS, the CONSULTANT represents that it is capable and prepared to
provide such Services. -
NOW THEREFORE, in consideration of the promises contained herein, the parties
hereto agree as follows. -
ARTICLE 1 - EFFECTIVE DATE
The effective date of this Agreement shall be upon notice to proceed and is
transaction -specific, as contained in the scope of Request for Proposals (RFP) 03-26R.
ARTICLE 2 - SERVICE TO BE PERFORMED BY CONSULTANT
The CONSULTANT shall perform the services in accordance with the provisions
contained in the request for proposals as specifically stated in the general Scope of
Services, including the additional services required of the Underwriter as referenced in
RFP 03-26R, and as may be specifically designated and additionally authorized by the
CITY. Such additional authorizations will be in the form of a Purchase Order. Each
Purchase Order will set forth a specific Scope of Services, amount of compensation and
completion date.
ARTICLE 3 - COMPENSATION
The CITY shall pay CONSULTANT in accordance with the provisions contained in
RFP 03-26R as specifically stated in the Fee Proposal, Underwriter's Compensation,
which is attached hereto and incorporated by reference as part of this Agreement.
ARTICLE 4 - STANDARD OF CARE
CONSULTANT shall exercise the same degree of care, skill, and diligence in the
performance of the Services as is ordinarily provided by a professional under similar
circumstances and CONSULTANT shall, at no additional cost to the CITY, re -perform
services which fail to satisfy the foregoing standard of care.
ARTICLE 5 - INDEMNIFICATION
CONSULTANT shall, in addition to any other obligation to indemnify the CITY and
to the fullest extent permitted by law, protect, defend, indemnify and hold harmless the
CITY, their agents, elected officials and employees from and against all claims, actions,
liabilities, losses (including economic losses), costs arising out of any actual or alleged:
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a). Bodily injury, sickness, disease or death, or injury to or destruction of tangible property
including the loss of use resulting therefrom, or any other damage or loss arising out of or
resulting, or claimed to have resulted in whole or in part from any actual or alleged act or
omission of the CONSULTANT, any subconsultant, anyone directly or indirectly employed
by any of them, of anyone for whose acts any of them may be liable in the performance of
the WORK; or b). violation of law, statute, ordinance, governmental administration order,
rule, regulation, or infringement of patent rights by CONSULTANT in the performance of
the Work; or c). liens, claims or actions made by the CONSULTANT or any subconsultant
under workers compensation acts; disability benefit acts, other employee benefit acts or
any statutory bar. Any cost of expenses, including attorney's fees, incurred by the CITY to
enforce this agreement shall be borne by the CONSULTANT.
Upon completion of all Services, obligations and duties provided for in this
Agreement, or in the event of termination of this Agreement for any reasons, the terms
and conditions of this Article shall survive indefinitely.
ARTICLE 6 - INDEPENDENT CONTRACTOR
CONSULTANT undertakes performance of the Services as an independent
contractor and shall be wholly responsible for the methods of performance. The CITY
shall have no right to supervise the methods used, but the CITY shall have the right to
observe such performance. CONSULTANT shall work closely with the CITY in performing
Services under this Agreement.
ARTICLE 7 - COMPLIANCE WITH LAWS
In performance of the Services, CONSULTANT will comply with applicable
regulatory requirements including federal, state, and local laws, rules regulations, orders,
codes, criteria and standards.
ARTICLE 8 - INSURANCE
During the performance of the Services under this Agreement, CONSULTANT
shall maintain the following insurance polices, and provide originals or certified copies of
all policies, and shall be written by an insurance company authorized to do business in
Florida.
1. Worker's Compensation Insurance: The CONSULTANT shall procure and
maintain for the life of this Agreement, Workers' Compensation Insurance
covering all employees with limits meeting all applicable state and federal
laws. This coverage shall include Employer's Liability with limits meeting all
applicable state and federal laws. This coverage must extend to any
subconsultant that does not have their own Workers' Compensation and
Employer's Liability Insurance. The policy must contain a waiver of
subrogation in favor of the City of Tamarac, executed by the insurance
company. Sixty-(60) days notice of cancellation is required and must be
provided to the City of Tamarac via Certified Mail.
2. Comprehensive General Liability: The CONSULTANT shall procure and
maintain, for the life of this Agreement, Comprehensive General Liability
Insurance. This coverage shall be on an "Occurrence" basis. Coverage
shall include Premises and Operations; Independent Contractors' Products
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and Completed Operations and Contractual Liability with specific reference
of Article 5 of this Agreement. This policy shall provide coverage for death,
personal injury or property damage that could arise directly or indirectly
from the performance of this Agreement.
The Minimum Limits of Coverage shall be $1,000,000 per occurrence, Combined
Single Limit for Bodily Injury Liability and Property Damage Liability.
The CITY must be named as an additional insured unless Owners and
Contractors' Protective Coverage is also provided, or required. Sixty (60) days written
notice must be provided to the CITY via Certified Mail in the event of cancellation.
3. Business Automobile Liability: The CONSULTANT shall procure and
maintain, for the life of the Agreement, Business Automobile Liability
Insurance.
4. Professional Liability (Errors and Omissions) Insurance: $1,000,000
The minimum limits of coverage shall be $1,000,000 per Occurrence, Combined
Single Limit for Bodily Injury Liability and Property Damage Liability. This coverage shall
be an "Any Auto" type policy. The CITY must be listed as an Additional Insured under the
Policy. Sixty-(60) days written notice must be provided to the CITY via Certified Mail in the
event of cancellation.
In the event that subconsultants used by the CONSULTANT do not have
insurance, or do not meet the insurance limits, CONSULTANT shall indemnify and hold
harmless the CITY for any claim in excess of the subconsultants' insurance coverage,
arising out of negligent acts, errors or omissions of the subconsultants.
CONSULTANT shall not commence work under this Agreement until all insurance
required as stated herein has been obtained and such insurance has been approved by
the CITY.
ARTICLE 9 - CITY'S RESPONSIBILITIES
The CITY shall be responsible for providing access to all project sites, and
providing information on hand that are available in the files of the CITY the exception of
the City Attorney's files that are subject to confidentiality.
ARTICLE 10 -TERMINATION OF AGREEMENT
The obligation to continue Services under this Agreement may be terminated for
cause by either party upon seven (7) days' written notice of substantial failure by the other
party to perform in accordance with the terms hereof through no fault of the terminating
party.
CITY shall have the right to terminate this Agreement or suspend performance
thereof without cause for the CITY's convenience upon written notice to CONSULTANT,
and CONSULTANT shall terminate or suspend performance of Services on a schedule
acceptable to CITY. In the event of termination or suspension for CITY's convenience,
CITY shall pay CONSULTANT for all Services performed through the date of notice of
termination or suspension.
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ARTICLE 11 -NONDISCLOSURE OF PROPRIETARY INFORMATION
CONSULTANT shall consider all information provided by CITY and all reports,
studies, calculations, and other documentation resulting from the CONSULTANT's
performance of the Services to be proprietary unless such information is available from
public sources. CONSULTANT shall not publish or disclose proprietary information for
any purpose other than the performance of the Services without the prior written
authorization of CITY or in response to legal process.
ARTICLE 12 - UNCONTROLLABLE FORCES
Neither the CITY nor CONSULTANT shall be considered to be in default of this
Agreement if delays in or failure of performance shall be due to Uncontrollable Forces,
the effect of which, by the exercise of reasonable diligence, the non -performing party
could not avoid. The term "Uncontrollable Forces" shall mean any event which results in
the prevention or delay of performance by a party of its obligations under this Agreement
and which is beyond the reasonable control of the nonperforming party. It includes, but is
not limited to fire, flood, earthquakes, storms, lightning, epidemic, war, riot, civil
disturbance, sabotage, and governmental actions.
Neither party shall, however, be excused from performance if nonperformance is
due to forces, which are preventable, removable, or remediable, and which the
nonperforming party could have, with the exercise of reasonable diligence, prevented,
removed, or remedied with reasonable dispatch. The nonperforming party shall, within a
reasonable time of being prevented or delayed from performance by an uncontrollable
force, give written notice to the other party describing the circumstances and
uncontrollable forces preventing continued performance of the obligations of this
Agreement.
ARTICLE 13 - GOVERNING LAW AND VENUE
This Agreement shall be governed by the laws of the State of Florida. Any and all
legal action necessary to enforce the Agreement will be held in Broward County and the
Agreement will be interpreted according to the laws of Florida.
ARTICLE 14 - MISCELLANEOUS
14.1 Nonwaiver
A waiver by either CITY or CONSULTANT of any breach of this Agreement shall
not be binding upon the waiving party unless such waiver is in writing. In the event of a
written waiver, such a waiver shall not affect the waiving party's rights with respect to any
other or further breach. The making or acceptance of a payment by either party with
knowledge of the existence of a default or breach shall not operate or be construed to
operate as a waiver of any subsequent default or breach.
14.2 Severability
Any provision in this Agreement that is prohibited or unenforceable in any
jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or
unenforceability without invalidating the remaining provisions hereof or affecting the
validity or enforceability of such provisions in any other jurisdiction. The nonenforcement
4
of any provision by either party shall not constitute a waiver of that provision nor shall it
affect the enforceability of that provision or of the remainder of this Agreement.
The provisions of this section shall not prevent the entire Agreement from being
void should a provision, which is of the essence of the Agreement, be determined to be
void.
ARTICLE 15 - INTEGRATION AND MODIFICATION
This Agreement is adopted by the CITY and CONSULTANT as a complete and
exclusive statement of the terms of the Agreement between the CITY and
CONSULTANT. This Agreement supersedes all prior agreements, contracts, proposals,
representations, negotiations, letters or other communications between the CITY and
CONSULTANT pertaining to the Services, whether written or oral.
The Agreement may not be modified unless such modifications are evidenced in
writing signed by both the CITY and CONSULTANT.
ARTICLE 16 - SUCCESSORS AND ASSIGNS
The CITY and CONSULTANT each binds itself and its director, officers, partners,
successors, executors, administrators, assigns and legal representatives to the other
party to this Agreement and to the partners, successors, executors, administrators,
assigns, and legal representatives.
ARTICLE 17 - CONTINGENT FEES
The CONSULTANT warrants that it has not employed or retained any company or
person, other than a bona fide employee working solely for the CONSULTANT to solicit
or secure this Agreement and that it has not paid or agreed to pay any person, company,
corporation, individual or firm, other than a bona fide employee working solely for the
CONSULTANT, any fee, commission, percentage, gift or any other consideration
contingent upon or resulting from the award or making of this Agreement.
/_1iiilffaF:m 114
Execution of this Agreement by the CONSULTANT shall act as the execution of a
truth -in -negotiation certificate certifying that the wage rates and costs used to determine
the compensation provided for in this Agreement are accurate, complete and current as
of the date of the Agreement and no higher than those charged the CONSULTANTS
most favored customer for the same or substantially similar service.
The said rates and cost shall be adjusted to exclude any significant sums should
the CITY determine that the rates and costs were increased due to inaccurate,
incomplete or noncurrent wage rates or due to inaccurate representations of fees paid to
outside consultants. The CITY shall exercise its rights under this "Certificate" within one
(1) year following payment.
ARTICLE 19 - OWNERSHIP OF DOCUMENTS
CONSULTANT shall be required to work in harmony with other consultants relative
to providing information requested in a timely manner and in the specified form. Any and
all documents, records, disks, original drawings, or other information shall become the
property of the CITY upon completion for it's use and distribution as may be deemed
appropriate by the CITY.
ARTICLE 20 - NOTICE
Any notice, demand, communication, or request required or permitted hereunder
shall be in writing and delivered in person or sent by certified mail, postage prepaid as
follows:
CITY
City Manager
City of Tamarac
7525 NW 88th Avenue
Tamarac, Florida 33321-2401
With a copy to the City Attorney at the same address.
CONSULTANT:
Kevin M. Conitz, Senior Vice President
William R. Hough & Co.
100 Second Avenue South, Suite 800
St. Petersburg, FL 33701
PH: 727-895-8853
Notices shall be effective when received at the address specified above. Changes
in the respective addresses to which such notice may be directed may be made from time
to time by any party by written notice to the other party. Facsimile is acceptable notice
effective when received, however, facsimiles received (i.e.; printed) after 5:00 p.m. or on
weekends or holidays, will be deemed received on the next business day. The original of
the notice must additionally be mailed as required herein.
Nothing contained in this Article shall be construed to restrict the transmission of
routine communications between representatives of CONSULTANT and CITY.
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IN WITNESS WHEREOF, the parties hereby have made and executed this
Amendment to Agreement on the respective dates under each signature, the City of
Tamarac signing by and through its Mayor and City Manager, and William R. Hough &
Co., signing by and through its Senior Vice President, duly authorized to execute same.
ATTEST:
Marion Swenson, CMC
City Clerk
4
Date
ATTEST:
1 (Corporat6 S retary)
Type/Print Name of Corporate Secy.
(CORPORATE SEAL)
CITY OF TAMEf ARAC J
Joe Schreiber, Mayor
Date
Jeffrey L. ille , City Manager
j//'�-6,/0.;3
Date
Approved as to form and/,egal sufficiency:
Mitchell S. Kraft, City/Attorney
Date
William R. Houah & Co.
Company,Name
Signature of Senior Vice Prest
rlt
--,/
Kevin M. Conitz
Type/Print Name of Senior Vice President
Date
wl 99
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CORPORATE ACKNOWLEDGEMENT
STATE OF FLORIDA
SS
COUNTY OF a , ,, - :
I HEREBY CERTIFY that on this day, before me, an Officer duly authorized in the State
aforesaid and in the County aforesaid to take acknowledgments, personally appeared
Kevin M. Conitz, Senior Vice President of William R. Hough & Co., a Florida
Corporation, to me known to be the person(s) described in and who executed the
foregoing instrument and acknowledged before me that he/she executed the same.
WITNESS my hand and official seal this. / day of
20 -
ate--- ^-- `- - —
HELEN M. EWIN
(Z MY COMMISSION s DD 049692
EXPIRES:Augu8113,2005
14XO,%WTAFiY R. Notary SeMm a Bonchn Nc.
Signature of Notary Public
State of Florida at Large
Print, Type or Stamp
Name of Notary Public
❑- Personally known to me or
❑ Produced Identification
Type of I.D. Produced
❑ DID take an oath, or
Ej DID NOT take an oath.
of Tamarac
William R. Hough & Co.
REQUEST FOR PROPOSALS
RFP 03-26R
Underwriting and Financial Advisory Services,
Utilities Revenue Bonds, Series 2003
Fee Proposal:
Underwriters' Compensation
Underwriter's Discount (per $1000 bonds) $ 4.55 (1)
Reimbursable Expenses* not to exceed $ 0.00
*List what is included in reimbursable expenses:
Underwriter's Counsel Fees and Expenses $0.00
and Contracts Division
It is our understanding that the firm of Akerman, Senterfitt has been engaged by
the city to art as disclosure counsel If that is true and if the firm is willing
to process the bond purchase agreement and offer a 10-b-5 opinion, there would be
no fee for underwriter's counsel.
(1) Includes expenses listed below
Financial Advisor Compensation
Flat Fee $ 30, 000
Reimbursable Expenses* not to exceed $ 2 , 000
*List what is included in reimbursable expenses:
Travel and out-of-pocket expenses
federal express or other delivery charges
teleconferencing fees
This Fee Proposal is to be enclosed in a sealed envelope
with your submittal.
0
AMERICAN INTERNATIONAL
SPECIALTY LINES INSURANCE COMPANY
A Member Company
of American International
Group, Inc.
POLICY NUMBER: 295-53-50
A Capital Stock Insurance Company
175 Water Street
New York, N.Y. 10038
REPLACEMENT OF POLICY NUMBER: 279-63-82
SECURITIES BROKERMEALER'S PROFESSIONAL LIABILITY INSURANCE
NOTICE: THIS INSURER IS NOT LICENSED IN THE STATE OF NEW YORK AND IS NOT
SUBJECT TO ITS SUPERVISION.
NOTICE: EXCEPT TO SUCH EXTENT AS MAY OTHERWISE BE PROVIDED HEREIN, THE
COVERAGE OF THIS POLICY IS GENERALLY LIMITED TO LIABILITY FOR ONLY THOSE
CLAIMS THAT ARE FIRST MADE AGAINST THE INSUREDS DURING THE POLICY PERIOD
AND REPORTED IN WRITING TO THE INSURER PURSUANT TO THE TERMS HEREIN.
PLEASE READ THE POLICY CAREFULLY AND DISCUSS THE COVERAGE THEREUNDER WITH
YOUR INSURANCE AGENT OR BROKER.
---NOTICE- THE LIMIT OF LIABILITY AVAILABLE TO PAY JUDGMENTS OR SETTLEMENTS - - -
SHALL BE REDUCED BY AMOUNTS INCURRED FOR LEGAL DEFENSE. AMOUNTS
INCURRED FOR LEGAL DEFENSE SHALL BE APPLIED AGAINST THE�FN$gtO?.A_ MOUNT.
DECLARATIONS Surplus Lines Agent FiUL#LA125683
ITEM 1. BROKER/DEALER: WILLIAN R. NOUGN & CO. Wallace, Welch &
Producing Agent
Address St. Petersburg FL
MAILING ADDRESS: 100 SECOND AVENUE SOUTH This insurance is issued pursuant to
SAINT PETERSBURG, FL 33701-4337he Florida Surplus Lines Law
ITEM 2. POLICY PERIOD: From: Apri 7 30, 2003 To: April 30, 2004
(12:01 A.M. standard time at the address stated in Item 1)
Persons insured By Surplus Lines Carriers do not have the
protection of the Florida Insurance Guaranty Act to the
ITEM 3. LIMIT OF LIABILITY extent of any Right of Recovery for the obligation of an
IpSQIve tt Unlicensed Insurer.
A. Coverage A. 3.: S1,(/00,0�0 each Loss (including Defense Costs)
$1,000,000 aggregate for all Loss (including Defense Costs)
B. All other coverages: $1,000,000 each Loss (including Defense Costs)
$1,000,000 aggregate for all Loss (including Defense
Costs)
C. Policy Aggregate: $1,000,000 for all Loss (including Defense Costs)
arising from all Claims under this policy in
the aggregate
ITEM 4. COINSURANCE (paid by Broker/Dealer)
Coverage A. 3. FLAT CANCELLATION 85%
7191374 All other coverages Not Permitted None
67800 (3/97) Page 1
ITEM 5. RETENTION: (each Loss including Defense Costs)
A. $100,000 Broker/Dealer Retention
B. $5,000 Registered Representative Retention
C. $'5,000 Registered Representative Life Products Retention
(partially reduced under Insuring Agreement C. 2. under some circumstances)
ITEM 6. RETROACTIVE DATE: January 30, 1998
ITEM 7. PREMIUM: $47,200 + Policy Fee 35.00 + .3% Service Fee 141.71 +
5% State Tax 2,361.75 = $49,738.46 Total
Premium for Certified Acts of Terrorism Coverage under Terrorism, Risk Insurance Act
2002: Not applicable, coverage rejected by insured.
Any coverage provided for Icsses c81j-_,F i t} an 2,1. of +..f rG i3ma7 Pefined by TRIA (TRIA
Losses) may be pa r '^ ;;.. ;I ; h ri,cd : `:: n _ _ fe,
�;!,v ti ! e U <'� -:r,ui2 established by
TRIA as I: 'j o c:c 'w; iii2niated by TRIA,
the deduch:,;e 0 r c,; diieci earned-pffiffi+ates f0F the
yea, pm, + ,
A co;,y c, t :, , . _ _ - ..- :;j hereto
ITEM 8. BROKER: NULL & CO
2150 SOUTH ANDREWS AVENUE
FORT LAUDERDALE, FL 33316
7191374
BY—
Authorize'd Representative or
Countersignature (in states where applicable)
67800 (3/97) Page 2
No Text
4&3 FOR PROFIT CORPORATION FILED
UNIFORM BUSINESS REPORT (UBR) Mar 05, 2003 8:00 an
DOCUMENT # G09785
Secretary of State
I._Entity.Name_,_ _
03-05-2003 90047 027 `**158.75
iWILUAM R. HOUGH & CO., INC.}
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Principal Place of Business Mailing Address
10D 2ND AVE S. STE 800 100 2ND AVE S. STE 800
P.O. DRAWER 1051 P.O. DRAWER 1051
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2Principal Place of Bunn
sMaiAdd
❑ CHECK HERE IF MAKING CHANGES
Suite, Apt. R, etc.
Suite, Apt. N, etc.
City 8 tate
City & State
4. FEI Number STLL�Ls^�O
`460 0
Applied Fcr
Not Applicabb
Zip
Country
Zip
Country
5. Certificate of Status Desired $8.75 Additional
Fee Required
6. Name and Address of Current Registered Agent
7. Name and Address of New Registered Agent
Name
WAECHTER, JOHN W
Street Address (P.O. Box Number is Not Acceptable)
100 2ND AVE SO
SUITE 800
ST PETERSBURG FL 33701
City
FL 1
Zip Code
8. The above named entity submits this statement for the purpose of changing its registered office or registered agent, or both, in the Stale of Florioa. I am familiar with, and accept
the obligations of registered agent.
SIGNATURE
spnen+a, "d W xii n N reglelxed ageru and wr A apperabie. (NOTE: Registered AgeM signmura req d
~ rwncrneng) DATE
FILE NOWIII FEE IS$750.00
9. Election Campaign Financing $5.00 May Be
After May 1, 2003 Fee will be 5550.00
Trust Fund Cowrlbution. ❑ Added to Fees
Make Check Payable to Florida Department o1 State
10. OFFICERS AND DIRECTORS
11.
ADDITIONSICHANGES TO OFFICERS AND DIRECTORS IN 11
TITLE
C [51 Delete
❑ Change ❑ Additior
I NAME
HOUGH, WiLLIAM R
_TITLE
NAME
STREET ADDRESS
100 2ND AVE S, STE 800
STREETADDRESS-^
— _-
CITy-ST.ZIP
ST PETERSBURG FL 33701.4008
CITY-ST-Zip
TITLE
PC ❑ Delete
TITLE
- . •
. _ _ - -_ []Charge `, 1 Addilior
NAME
HOUGH, ROBB W JR
NAME
STREET ADDRESS
100 2ND AVE S, STE 80D
STREETADDRESS
CITY-ST-ZIP
ST PETERSBURG FL 337014M
CITY-ST-ZIP
TITLE
EjJ jD ❑ Delete
TITLE
❑ Change ❑ Addilion
NAME
WAECHTER, JOHN IN
NAME
STREET ADDRESS
100 2ND AVE S, STE 800
STREETAODRESS
CITY-ST-ZIP
ST PETERSBURG FL 33701-4008
Dm-sT-➢P
TITLE
VSGC ❑ Delete
TITLE
❑ Change ❑ Addition
NAME
BERTOUNO, BONNIE G
NAME
STREETADDRESS
100 2ND AVE S, STE NO
STREET ADDRESS
CITY-ST ZIP
ST PETERSBURG FL 33701-M
CITY-ST-ZIP
TILE
SYPD ❑ Delete
TITLE
❑ Change ❑ Addilion
NAME
FEINBERG, HELEN H
NAME
STREET ADDRESS
100 2ND AVE S, STE SW
STREET ADDRESS
CITY-ST-ZIP
ST PETERSBURG FL 33701-M
CITY-ST-ZIP
TITLE
SYPD ❑ Delete
TITLE
❑ Change ❑ Additicn
NAME
JOHNSTON, SCOTT G
NAME
STREET ADDRESS
100 2ND AVE S, STE NO
STREET ADDRESS
CITY-ST-ZIP
ST PETERSBURG FL 3370140M
CITY-Sli
12. 1 hereby certify that the information supplied with this filing does not qualify for the exemption stated �.n Section 119.07(3)(iJ, Florida Statcles. I further certify that the information
indicated on this report or supplemental report is true and accurate and that my signature shall have the same legal effect as if made under oath; that I am an officer or director
of the corporation or the receiver or trustee empowered to execujF this reporl as required by Chapter 607,
Florida Statutes; and that my name appears in Block 10 or Block i t if
changed, or on an attachment with an address,with all Cher lik empowered.
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