Nassau New York Sample Letter Notifying City of Counsel's Refusal to Submit Proposal to Serve as Bond Counsel

• Category: Letters - Legal - Bond Issue
• State: Multi-State
• County: Nassau
• 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. Subject: Notification of Counsel's Decision to Decline Bond Counsel Proposal — Important Details Regarding Nassau, New York Dear [City Official's Name], I hope this letter finds you in good health and spirits. I am writing to formally inform you of a significant development concerning our legal firm, [Firm's Name], and its decision to decline the opportunity to submit a proposal to serve as Bond Counsel for the City of [City's Name], New York. Nassau County, located on Long Island, is a vibrant part of New York State and is home to a diverse population, bustling communities, and a rich cultural heritage. As the capital and county seat, [City's Name] plays a pivotal role in Nassau's economic growth, development, and overall prosperity. Why are we declining to submit a proposal to serve as Bond Counsel? There are several key factors that have influenced our decision. Firstly, given our firm's current commitments and caseload, we regrettably cannot allocate the necessary resources to undertake this significant responsibility. Secondly, recent internal restructuring has prompted us to reassess our strategic priorities and focus on areas where our expertise can be utilized most effectively. As respected legal professionals, we understand the importance and complexity associated with serving as Bond Counsel. Our decision not to participate should not be misconstrued as a lack of belief in the potential of this initiative or a lack of trust in the City's leadership. On the contrary, we hold the City of [City's Name] in high regard and commend the efforts made to prioritize the economic development and well-being of its residents. While we are unable to offer our services as Bond Counsel at this time, we want to assure you that we remain committed to supporting the City of [City's Name] in alternative ways. Our firm has a strong track record of providing expert legal guidance, and we would be more than willing to explore collaboration on other projects, should the need arise. We understand that our decision may require the City to consider alternative proposals and review other qualified firms in the area. We encourage you to seek out reputable legal partners who possess the necessary expertise in municipal bonds, local regulations, and financial practices. They should align with the City's values, objectives, and long-term vision for Nassau County. We sincerely apologize for any inconveniences that may arise from our declination and hope that this decision will not hinder the City's progress in securing competent Bond Counsel. Should you require any additional information or recommendations during this process, please do not hesitate to reach out to us. Thank you for your understanding and considering our firm for this important role. We wish you the very best in finding an exceptional Bond Counsel that will contribute to the continued success of the City of [City's Name] and its residents. Yours faithfully, [Your Name] [Your Title] [Company Name] [Phone Number] [Email Address]

Subject: Notification of Counsel's Decision to Decline Bond Counsel Proposal — Important Details Regarding Nassau, New York Dear [City Official's Name], I hope this letter finds you in good health and spirits. I am writing to formally inform you of a significant development concerning our legal firm, [Firm's Name], and its decision to decline the opportunity to submit a proposal to serve as Bond Counsel for the City of [City's Name], New York. Nassau County, located on Long Island, is a vibrant part of New York State and is home to a diverse population, bustling communities, and a rich cultural heritage. As the capital and county seat, [City's Name] plays a pivotal role in Nassau's economic growth, development, and overall prosperity. Why are we declining to submit a proposal to serve as Bond Counsel? There are several key factors that have influenced our decision. Firstly, given our firm's current commitments and caseload, we regrettably cannot allocate the necessary resources to undertake this significant responsibility. Secondly, recent internal restructuring has prompted us to reassess our strategic priorities and focus on areas where our expertise can be utilized most effectively. As respected legal professionals, we understand the importance and complexity associated with serving as Bond Counsel. Our decision not to participate should not be misconstrued as a lack of belief in the potential of this initiative or a lack of trust in the City's leadership. On the contrary, we hold the City of [City's Name] in high regard and commend the efforts made to prioritize the economic development and well-being of its residents. While we are unable to offer our services as Bond Counsel at this time, we want to assure you that we remain committed to supporting the City of [City's Name] in alternative ways. Our firm has a strong track record of providing expert legal guidance, and we would be more than willing to explore collaboration on other projects, should the need arise. We understand that our decision may require the City to consider alternative proposals and review other qualified firms in the area. We encourage you to seek out reputable legal partners who possess the necessary expertise in municipal bonds, local regulations, and financial practices. They should align with the City's values, objectives, and long-term vision for Nassau County. We sincerely apologize for any inconveniences that may arise from our declination and hope that this decision will not hinder the City's progress in securing competent Bond Counsel. Should you require any additional information or recommendations during this process, please do not hesitate to reach out to us. Thank you for your understanding and considering our firm for this important role. We wish you the very best in finding an exceptional Bond Counsel that will contribute to the continued success of the City of [City's Name] and its residents. Yours faithfully, [Your Name] [Your Title] [Company Name] [Phone Number] [Email Address]