Bond Counsel

The City of Port St. Lucie has awarded a contract to Nabors, Giblin & Nickerson, P.A. for bond counsel services. The contract is for a term of five years, with the option to renew for an additional five-year term. The scope of work includes providing full scope of legal services in preparing and marketing bond issues for the City. The contract has a fee schedule based on the amount of bonds issued, with a minimum fee of $20,000 per transaction. The City reserves the right to negotiate fees depending on the bond issue. The contract also includes provisions for insurance, indemnification, and termination. Key aspects of the contract include: • The contract term is five years, with an option to renew for an additional five years. • The fee schedule is based on the amount of bonds issued, with a minimum fee of $20,000 per transaction. • The City reserves the right to negotiate fees depending on the bond issue. • The contract includes provisions for insurance, indemnification, and termination. • The scope of work includes providing full scope of legal services in preparing and marketing bond issues for the City. • The contract requires the consultant to maintain various types of insurance, including commercial general liability, automobile liability, and professional liability. • The contract includes a waiver of subrogation endorsement, which waives the insurer's right to recover from the City or its employees.