Texas 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] [Email Address] [Phone Number] [Date] [City Official's Name] [City Official's Title] [City Name] [City Address] [City, State, ZIP] Subject: Letter Notifying City of Counsel's Refusal to Submit Proposal to Serve as Bond Counsel Dear [City Official's Name], I hope this letter finds you in good health and high spirits. I am writing to inform you of the decision made by [Law Firm Name] to decline the opportunity to submit a proposal for serving as bond counsel for the city of [City Name]. As legal counsel representing [Law Firm Name], I would like to provide a detailed explanation regarding this refusal. While we highly appreciate [City Name]'s interested in considering our firm for this important role, our legal team has determined that it would be in our best interest to selectively pursue engagements that align more closely with our current business objectives and specialization areas. We have conducted an in-depth evaluation of the project requirements, scope, and potential conflicts of interest, which ultimately led us to conclude that it would not be in the best interest of both our firm and the city to proceed with our submission as bond counsel. We acknowledge and understand the significance of bond counsel services for capital projects, and it was not an easy decision for us to decline the opportunity. Furthermore, we value our professional relationship with the city of [City Name], and we assure you that our decision is based solely on considerations best suited to our strategic objectives and resource allocation. However, let it be known that our decision to not submit a proposal as bond counsel does not indicate any dissatisfaction or lack of confidence in the city's leadership or the proposed project. On the contrary, we remain committed to providing legal services to the city in other areas where our expertise and capacity can be optimally utilized. We firmly believe that the city of [City Name] will find a highly qualified bond counsel to assist in the successful execution of the project. Our legal team is available to provide any necessary support during the transition period and offer recommendations of other reputable bond counsel firms that may be suitable for consideration. Please note that the refusal to submit a proposal in this particular matter will not affect our ongoing legal representation for any existing legal matters involving the city of [City Name]. Our commitment to serving your legal needs remains steadfast. We appreciate the opportunity to have been considered for this role and genuinely hope you understand the rationale behind our decision. Should there be any further questions or the need for additional information, please do not hesitate to contact me directly at [Email Address] or [Phone Number]. We look forward to continuing our collaboration in other capacities. Thank you for your understanding and consideration. Sincerely, [Your Name] [Your Title] [Law Firm Name]

[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [City Official's Name] [City Official's Title] [City Name] [City Address] [City, State, ZIP] Subject: Letter Notifying City of Counsel's Refusal to Submit Proposal to Serve as Bond Counsel Dear [City Official's Name], I hope this letter finds you in good health and high spirits. I am writing to inform you of the decision made by [Law Firm Name] to decline the opportunity to submit a proposal for serving as bond counsel for the city of [City Name]. As legal counsel representing [Law Firm Name], I would like to provide a detailed explanation regarding this refusal. While we highly appreciate [City Name]'s interested in considering our firm for this important role, our legal team has determined that it would be in our best interest to selectively pursue engagements that align more closely with our current business objectives and specialization areas. We have conducted an in-depth evaluation of the project requirements, scope, and potential conflicts of interest, which ultimately led us to conclude that it would not be in the best interest of both our firm and the city to proceed with our submission as bond counsel. We acknowledge and understand the significance of bond counsel services for capital projects, and it was not an easy decision for us to decline the opportunity. Furthermore, we value our professional relationship with the city of [City Name], and we assure you that our decision is based solely on considerations best suited to our strategic objectives and resource allocation. However, let it be known that our decision to not submit a proposal as bond counsel does not indicate any dissatisfaction or lack of confidence in the city's leadership or the proposed project. On the contrary, we remain committed to providing legal services to the city in other areas where our expertise and capacity can be optimally utilized. We firmly believe that the city of [City Name] will find a highly qualified bond counsel to assist in the successful execution of the project. Our legal team is available to provide any necessary support during the transition period and offer recommendations of other reputable bond counsel firms that may be suitable for consideration. Please note that the refusal to submit a proposal in this particular matter will not affect our ongoing legal representation for any existing legal matters involving the city of [City Name]. Our commitment to serving your legal needs remains steadfast. We appreciate the opportunity to have been considered for this role and genuinely hope you understand the rationale behind our decision. Should there be any further questions or the need for additional information, please do not hesitate to contact me directly at [Email Address] or [Phone Number]. We look forward to continuing our collaboration in other capacities. Thank you for your understanding and consideration. Sincerely, [Your Name] [Your Title] [Law Firm Name]