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ENDA ITEM 3C <br />STAFF O I INATOR: Mary M. Vaske <br />DATE: September 5, 1996 <br />TOPIC: Agreement with Springsted, Inc. f <br />With the issuance of the the two bonds, the City has exceeded the requirements for <br />arbitrage reporting. The limit is $5, , . In order for the City to be able to issue <br />future municipal debt, the City is nr committed to provide ongoing disclosure <br />requirements and arbitrage reporting. <br />Spcingsted has offered to assist the City in this undertaking by sir <br />agreement. The fee to Springsted is VICKI annually and if an oft <br />a year that no debt is issued, an additional fee of $1,300 per debt u <br />and regulates, many cities have contracted with <br />1. <br />2. <br />e sign the attached agreement. <br />or further review. <br />