Louisiana Sample Letter Notifying City of Counsel's Refusal to Submit Proposal to Serve as Bond Counsel

• Category: Letters - Legal - Bond Issue
• State: Multi-State
• Control #: US-0440LTR
• Format: Word; Rich Text

Description

This form is a sample letter in Word format covering the subject matter of the title of the form. [Your Name] [Your Address] [City, State, ZIP] [Date] [Recipient's Name] [Recipient's Title] [City Name] [City Address] [City, State, ZIP] Subject: Notice of Counsel's Refusal to Submit Proposal as Bond Counsel Dear [Recipient's Name], I hope this letter finds you well. I am writing to officially notify you of the refusal of our esteemed firm, [Your Firm's Name], to submit a proposal to serve as Bond Counsel for the City of [City Name]. After careful consideration, our legal team has concluded that we are unable to submit a proposal for this particular engagement. We understand the significance of the role of Bond Counsel in ensuring the successful execution of bond issuance and the associated legal responsibilities. However, due to various factors that have arisen during our evaluation process, we regretfully decline the opportunity to participate in this instance. Our decision is based on the following factors: 1. Conflict of Interest: After conducting a thorough review of our ongoing projects and commitments, it has come to our attention that our current workload may pose a potential conflict of interest. We believe it is essential to prioritize the best interests of our existing clients and fulfill our obligations to them effectively. 2. Resource Limitations: Given the complexity and scale of the proposed bond issuance, we have realized that our firm may not possess the necessary resources — both in terms of staffing and expertise — to deliver the high-quality service that the City of [City Name] rightfully expects and deserves. 3. Scope Alignment: Upon extensive examination of your requirements and specifications for the bond issuance, we determined that our core competencies may not precisely align with the objectives outlined. We strongly believe that engaging a firm with specialized expertise in this specific area would be more conducive to achieving the desired outcome. Please be assured that our decision was not reached lightly, and it was made with utmost care and consideration for the best interests of both our firm and the City of [City Name]. We deeply appreciate the opportunity to be considered and value the positive working relationship we have established thus far. To facilitate a seamless transition and ensure you have ample time to consider alternative options, we are providing this notification well in advance of the proposal submission deadline. We are confident that there are exceptional firms within the legal community that possess the necessary qualifications to fulfill the role of Bond Counsel. We sincerely apologize for any inconvenience caused and hope that our decision does not hinder the City of [City Name]'s progress in any way. Should you require any further clarification or if there are any additional matters we can assist you with, please do not hesitate to contact me directly at [Your Phone Number], or via email at [Your Email Address]. We wish you every success in your future endeavors, and we remain committed to supporting the growth and development of our community. Yours sincerely, [Your Name] [Your Title] [Your Firm's Name]

[Your Name] [Your Address] [City, State, ZIP] [Date] [Recipient's Name] [Recipient's Title] [City Name] [City Address] [City, State, ZIP] Subject: Notice of Counsel's Refusal to Submit Proposal as Bond Counsel Dear [Recipient's Name], I hope this letter finds you well. I am writing to officially notify you of the refusal of our esteemed firm, [Your Firm's Name], to submit a proposal to serve as Bond Counsel for the City of [City Name]. After careful consideration, our legal team has concluded that we are unable to submit a proposal for this particular engagement. We understand the significance of the role of Bond Counsel in ensuring the successful execution of bond issuance and the associated legal responsibilities. However, due to various factors that have arisen during our evaluation process, we regretfully decline the opportunity to participate in this instance. Our decision is based on the following factors: 1. Conflict of Interest: After conducting a thorough review of our ongoing projects and commitments, it has come to our attention that our current workload may pose a potential conflict of interest. We believe it is essential to prioritize the best interests of our existing clients and fulfill our obligations to them effectively. 2. Resource Limitations: Given the complexity and scale of the proposed bond issuance, we have realized that our firm may not possess the necessary resources — both in terms of staffing and expertise — to deliver the high-quality service that the City of [City Name] rightfully expects and deserves. 3. Scope Alignment: Upon extensive examination of your requirements and specifications for the bond issuance, we determined that our core competencies may not precisely align with the objectives outlined. We strongly believe that engaging a firm with specialized expertise in this specific area would be more conducive to achieving the desired outcome. Please be assured that our decision was not reached lightly, and it was made with utmost care and consideration for the best interests of both our firm and the City of [City Name]. We deeply appreciate the opportunity to be considered and value the positive working relationship we have established thus far. To facilitate a seamless transition and ensure you have ample time to consider alternative options, we are providing this notification well in advance of the proposal submission deadline. We are confident that there are exceptional firms within the legal community that possess the necessary qualifications to fulfill the role of Bond Counsel. We sincerely apologize for any inconvenience caused and hope that our decision does not hinder the City of [City Name]'s progress in any way. Should you require any further clarification or if there are any additional matters we can assist you with, please do not hesitate to contact me directly at [Your Phone Number], or via email at [Your Email Address]. We wish you every success in your future endeavors, and we remain committed to supporting the growth and development of our community. Yours sincerely, [Your Name] [Your Title] [Your Firm's Name]