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74 February 14, 2001 EHLERS • Mike Morrison, Manager & A S S O C I A T E S I N C r��,�,.� St. Anthony Village City Hall 3301 Silver Lake Rd NE St. Anthony Village,MN 55418-1603 Re: Proposal For Key Financial StrategiesTM Dear Mayor and City Council: Ehlers&Associates is pleased to submit a proposal for Key Financial StrategiesTM. This financial planning process was developed as a result of interviews with over fifty Minnesota cities. Key Financial StrategiesTM is targeted to cities who want to develop a practical,effective framework to address the complexities of balancing long and short- term operating and capital needs. This program includes a series of four interactive workshops with the city council directed at providing a comprehensive financial plan for your community. Council workshops cover the following topics: + Review of"Financial Foundations" relating to city capital and operating funds. This includes capital improvement projects(CIP),pavement management system,information technology,vehicle replacement, non-annual recurring maintenance,building replacement and budget alternative analysis. + Review impacts of growth on your city's tax rates, services levels,operating budgets and capital needs. + Identification of funding alternatives and financial implications. + Prioritize projects in general fund and CIP. • + Draft strategies for the city's future capital and operating financing needs. The workshops are generally conducted over a six to nine month period. Each workshop requires approximately 1 to 1'/z hours. Prior to each workshop the Ehlers team will meet with staff to gather relevant materials and prepare workshop materials. The services would be provided at a fee of$150/hour not to exceed $15,000. These services would be provided by Jim Prosser and Elizabeth Johnson.Copies of qualifications are attached for your review. Key Financial StrategiesTM is designed to provide your staff and council with the ability to address the ever increasing demands of balancing limited resources with increasing demands for services,maintenance of city assets and new community improvements. This program will provide specific strategies designed to guide your community in developing a framework for financing future capital and operating needs of your community. We look forward to the opportunity to meet with you and discuss this proposal further at your convenience. Sincerely, EHLERS &ASSOCIATES,INC. /Lu't'Lr/t Jim o r, Financial Advisor I • Equal Opportunity Employer LEAD E R S I N P U B L I C F I N A N C E Charter Member of the National Association of Independent Public Finance Advisors 3060 Centre Pointe Drive, Roseville, MN 55113-1105 651.697.8500 fax 651.697.8555 www.ehlers-inc.com