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515 Little Canada Road, Little Canada, MN 55117 -1600 <br />(612) 484 -2177 / FAX: (612) 484 -4538 <br />MEMORANDUM <br />TO: Mayor Hanson & Members of the City Council <br />FROM: Joel Hanson, City Administrator <br />DATE: May 19, 1994 <br />RE: Fiscal Agent Search <br />MA YOR <br />Raymond G. Hanson <br />COUNCIL <br />Beverly Scalze <br />Jim LaValle <br />Steve Morelan <br />Bob Pedersen <br />ADMINISTRATOR <br />Joel R. Hanson <br />As you know, Brad Farnham has left Springsted, Inc. Therefore, <br />the long -term relationship we had with Brad has expired. As a <br />result, we need to obtain the services of a fiscal agent for <br />upcoming bond issues. <br />Two options that I feel could be considered are as follows: <br />* Continue with Springsted and ask for assignment of new <br />personnel. <br />* Receive proposals from available firms for these <br />services. Items to be considered in this evaluation <br />would be qualifications of the personnel to be <br />assigned, fees, and service. <br />It would be my recommendation that we obtain proposals from some <br />of the firms available. They would include Springsted, Juran & <br />Moody, Fahey Ward & Wiles, and Ellers & Associates. Once <br />proposals are received, we could then interview the top two or <br />three candidates and make a decision as to who will represent us <br />in the future. <br />Should you have any comments or questions regarding this matter, <br />please let me know. <br />JRH:kpv <br />Page 94 <br />