10-26-1994 Council Agenda - Laserfiche WebLink

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City of Little Canada Page 3 On -Going Consulting Services At the discretion and direction of the City, Ehlers and Associates will provide the following general financial consulting services: 1. Review and comment on debt studies prepared by the City. Provide suggestions on implementation and integration with capital improvements planning. 2. Monitor market conditions and advise City of opportunities for refunding existing debt. 3. Review financial condition of existing tax increment financing districts and make recommendations concerning the use of revenues and fund balances. 4. Provide assistance to the City in the evaluation of developer requests for financial assistance. 5. Assist with the preparation of a capital improvements program through the analysis of alternative funding methods. 6. Provide tax impact analysis in support of annual budget. 7. Assist the City with the preparation of its Comprehensive Plan by reviewing the proposed plan, meeting with the City and its planning consultant, and participating in the creation of implementation strategies. 8. Prepare periodic analyses of general financial and economic conditions. 9. Prepare and conduct an annual educational workshop. Compensation In return for services provided in the planning, authorization and issuance of obligations and for each issue or series of obligations, we shall be entitled to a fee, due and payable only upon award of the sale of the obligations or commitment from the appropriate state or federal agency of a grant or loan for the project, as follows: Amount of Base Fee Per $1,000 Debt • Fee Additional Bonds Up to $500,000 $7,586 $501,000 to $1,000,000 $7,586 $7.57 $1,001,000 to $2,000,000 $11,369 $3.78 $2,001,000 to $10,000,000 $15,151 $1.96 The fees that would result from various amounts of debt are illustrated in the table on the following page. When more than one issue is sold in a single offering, the fee for the smaller issue(s) shall be reduced by 25 %. This compensation also covers the On -Going Consulting Services described in this Agreement. The Government agrees to pay directly or to reimburse the Company for the following costs in connection with processing such issues: advertising the sale, preparation and distribution of the official statement, printing of the obligations, all legal fees, C.P.A. or accountant's charges, the charges for any other professional work done to complete the financing, all bond rating expenses, and the cost of any authenticating agent shall be paid by the government. =.aqe 10