04-22-2015 Council Packet - Laserfiche WebLink

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f. Delivering a copy of any report or notice submitted in accordance with (e. above) to Issuer for its records, as well as confirmations of receipt of filing(s). g. Respond to Underwriter/Investor inquiries and requests. h. Providing recommendations to Issuer relating to future continuing disclosure related matters. Event Notices a. Informing Issuer of' the types of events that may require the filing of an "Event Notice" and the required reporting period for such notices. b. Notifying Issuer of any information Ehlers discovers that may require the filing of an Event Notice, and preparation and filing of the required Event Notice. c. Upon notification by Issuer of any circumstances that may require the filing of an Event Notice, preparing, filing, and providing confirmation of filing the required Event Notice. Description of Fees Full Disclosure Services fees shall be assessed as follows: Number of Issuer Continuing Disclosure Undertakings Annual Fee One (1) to three (3) CDU's $2,800 Four (4) to six (6) CDU's $3,300 Seven (7) or more CDU's $3,800 Plus any out of pocket expenses. Special Circumstances If an Issuer's CDU requires periodic filings (quarterly or semiannually) in addition to the annual filings, a fee of $500 per required CDU filing shall be assessed. Limited Disclosure Services. Background In 2009, the Securities and Exchange Commission put into place revised rules regarding a limited scope of continuing disclosure requirements for certain municipal securities issuers. These rules apply to any securities issued on or after July 1, 2009 in amounts of $1 million or more and where the Issuer's total amount of principal outstanding and subject to the Rule is less than $10 million upon issuance. Any issuer meeting the aforementioned parameters must comply with a limited disclosure undertaking and file annual reports. Issuers subject to limited disclosure requirements must file audited financial statements (or unaudited financial statements if allowed under a CDU) on an annual basis, rather than both financial statements and operating and statistical data. Description of Services Ehlers shall provide the following services in connection with the preparation and dissemination of issuer's continuing disclosure reports and Event Notice filings for all current and future outstanding securities of Issuer subject to the Rule and for which continuing disclosure reports or filings are required. During the Term of the engagement, Ehlers shall provide the services hereinafter described with respect to all future issuances for which Ehlers provides municipal advisory services and that have continuing disclosure requirements. Ehlers will also provide these services for any other issues when requested in writing by the Issuer. 6