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03-13-1991 Additions
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03-13-1991 Additions
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APPENDIX A OF AGREEMENT BETWEEN <br />AND <br />Springsted Incorporated <br />Effective as of , 1991. <br />SCHEDULE OF ADVISOR'S COMPENSATION FOR SERVICES RELATING TO CLIENT'S <br />DEBT OBLIGATIONS: <br />Section 1. General obligation debt: <br />Amount of Amount of <br />Debt Obligation Debt Obligation <br />(000 Omitted) Fee (000 Omitted). <br />Fee <br />$ 0 - $ 500 $ 6,700 $2,501 - $3,000 $14,700 <br />501 - 1,000 8,900 3,001 - 3,500 15,900 <br />1,001 - 1,500 11,100 3,501 - 4,000 17,100 <br />1,501 - 2,000 12,300 4,001 - 4,500 18,100 <br />2,001 - 2,500 13,500 4,501 - 5,000 and upwards 19,100, plus $800 per $.5 <br />million or any part thereof in <br />excess of $5 million <br />The foregoing schedule shall include the Advisor's services through closing of a Debt <br />Obligation. If the Advisor performs post - closing services relative to a Debt Obligation, it shall <br />be compensated for such services at the hourly rates set out in Section 4 below. <br />Section 2. Non - general obligation, refunding and tax increment debt. <br />1.5 times the fee set out in Section 1 above. <br />Section 3. Expenses: <br />The Client shall be responsible for issuance expenses including, without <br />exclusion of other expenses: (i) printing and distributing the Official Statement, <br />(ii) publication of notices, (iii) legal fees, (iv) printing, (v) delivery and settlement, <br />(vi) travel, (vii) rating fees, (viii) out -of- pocket Debt Obligation related expenses, <br />and (ix) governmental and governmental agency fees and charges. <br />Section 4. Schedule of hourly rates for non -Debt Obligation related services: <br />Senior Officer $150 Other Professional Staff $90 <br />Project Manager $125 Support Staff $35 <br />Other Officers $115 <br />Section 5. <br />In the event it is necessary for the Advisor to repeat Debt Obligation services <br />because of events beyond the Advisor's control, the Advisor shall be <br />compensated for such repetitive services at the hourly rates set out in the <br />foregoing Section 4 of this Appendix. The Advisor shall not be entitled to <br />Page 20 <br />A -1 <br />
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