10-26-1994 Council Agenda - Laserfiche WebLink

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AGREEMENT FOR INDEPENDENT FINANCIAL ADVISORY SERVICES The following is an agreement to engage Ehlers and Associates, Inc. as financial advisor to the City of Little Canada. This agreement describes the terms and conditions of the services provided by Ehlers and Associates, Inc. Definitions The terms used in this agreement shall have the following meanings: City and Community mean the City of Little Canada, Minnesota. Government means the administration, county board, city council, town board, school board, or other body or assembly charged with the management and control of the community. Where the words "you" or "your' appear, they shall refer to the government as defined above to which this may be addressed Company refers to Ehlers and Associates, Inc. or its successors. The words "we" or "us" or "our" shall mean the company. Obligations mean any bonds, notes, certificates of indebtedness, warrants or other instruments of indebtedness which may be issued by the government to obtain funds for a capital improvement project in or for the community. The word "financing" shall mean the obligations. Authorization means approval of a project by the required majority of voters or approval by the governing body and /or other agencies from which approval for the project must be obtained following the required procedures so that no further approvals are needed prior to issuance of obligations. Project refers to obligations or other work assignments which the government or its administration directs us to perform financial consulting services. Planning, Authorization and Issuance of Obligations Ehlers and Associates will assist the City of Little Canada the planning, authorization and issuance of obligations. The specific services we will provide include the following: 1. Work with you, your architect or engineer, planner, attomey and other authorized representatives. 2. Study existing and potential future financial commitments of the municipality, its economic resources and other pertinent demographic, physical and economic data. 3. Study available financing options for your project(s). 4. Project the effect of proposed financing options on local taxes and other revenue bases through the financing period. 5. Submit written reports, including printed computer projections, to the government outlining the feasibility of the projects, comparing methods of financing, interest costs, tax rates, utility rates, special assessments and other revenues demonstrating various options available to the community and their effect on Page 108