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BOND ISSUE FEE SCHEDULE
<br />General Tax or Special
<br />Tax Increment or
<br />Bond Amount
<br />Assessment Supported
<br />Revenue Supported
<br />Under $ 500,000
<br />Negotiated
<br />Negotiated
<br />500,000
<br />$ 6,750
<br />$ 8,400
<br />1,0002000
<br />9,250
<br />11,100
<br />1,500,000
<br />10,375
<br />12,450
<br />2,000,000
<br />11,500
<br />13,800
<br />2,500,000
<br />12,625
<br />15,150
<br />3,000,000
<br />13,750
<br />16,500
<br />3,500,000
<br />14,875
<br />17,850
<br />4,000,000
<br />16,000
<br />19,200
<br />4,500,000
<br />17,125
<br />20,550
<br />5,000,000
<br />18,000
<br />21,600
<br />5,500,000
<br />18,875
<br />22,650
<br />6,000,000
<br />19,750
<br />23,700
<br />6,500,000
<br />20,625
<br />24,750
<br />7,000,000
<br />21,500
<br />25,800
<br />7,500,000
<br />22,375
<br />26,850
<br />8,000,000
<br />23,250
<br />27,900
<br />8,500,000
<br />24,125
<br />28,950
<br />9,000,000
<br />25,000
<br />30,000
<br />9,500,000
<br />25,875
<br />31,050
<br />10,000,000
<br />26,750
<br />32,100
<br />Note 1: Temporary Improvement financings and Temporary Tax financings will be
<br />charged at 80% of the applicable fee. Fees for other forms of short-term
<br />borrowings and advanced refunding issues will be negotiated between the Client
<br />and P.F.S.
<br />Note 2: Variable rate demand notes will be charged at 150% of the applicable
<br />fee.
<br />Note 3: Work performed on financings beyond the normal process as described
<br />under "Development Phase", "Marketing Phase", and "Closing Phase" will be
<br />charged at the hourly rates contained in Part II.
<br />Note 4: Fee structures in Part I and Part II are in effect for 12 months
<br />following the date on which P.F.S. submitted the Contract to the Client.
<br />After such time, fees for services performed pursuant to the Contract will be
<br />charged at P.F.S. basic fee structure in effect on April 1 immediately
<br />preceding the date of sale unless otherwise mutually agreed.
<br />Note 5: P.F.S. will be responsible for the cost of publication of Notice of
<br />Sale, distribution of the Official Statement, P.F.S. cost of delivery of the
<br />Bonds.
<br />Note 6: The Client will be responsible for its expenses which may include the
<br />cost of its local and bond counsel, cost of other professionals retained by
<br />the Client, bond rating expense, printing of Official Statement and bond
<br />certificates, Client travel expense, PFS travel expense, and other direct
<br />expenses specifically incurred for the issue.
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