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Springsted Springsted Incorporated <br />380 Jackson Street, Suite 300 <br />St, Paul, MN 55101-3002 <br />March 8, 2019 <br />City of Hugo, MN <br />rotkin@ci.hugo.mn.us <br />Re: Consent to Assign the following for Springsted Incorporated: <br />Agreement for Municipal Advisor Services, dated 7/21/2017 <br />Tel: 651.223.3000 <br />Fax: 651.223, 3002 <br />www.springsted.com <br />On January 10, 2019, Springsted Incorporated ("Springsted") announced its intention to combine with Baker <br />Tilly Virchow Krause, LLP (Chicago, Illinois), a financial services and accounting firm. Following the closing, the <br />combined firm will operate its public sector advisory business under the name Baker Tilly Municipal Advisors, LLC <br />("Baker Tilly"). This combination will allow us to broaden and enhance the services we provide you. All Springsted <br />personnel have been invited to join Baker Tilly and, after the closing, we look forward to continuing to serve you through <br />Baker Tilly. <br />To assist in the combination and enable continued service to you, we are requesting that you consent to the <br />assignment of your above -referenced contract with Springsted, including any addendums and post -issuance <br />authorizations, to Baker Tilly (the "Assignment'). By executing the Consent to Assignment enclosed with this letter, <br />you hereby consent to the Assignment effective as of the closing of our transaction with Baker Tilly, scheduled to occur <br />on or about April 1, 2019. Until the transaction is complete and the Assignment is effective, we will continue to advise <br />you as Springsted. <br />Please return a signed copy of the enclosed Consent to Assignment to me by email at <br />assignment@ pringsted.com no later than March 22, 2019. <br />Should you have any questions about the foregoing, please feel free to call me or your Springsted <br />representative. Our general number is (651) 223-3000. My personal contact information is: Bonnie Matson, <br />bmatson@springsted.com, (651) 223-3014. We appreciate the opportunity to continue to work with you in the future. <br />Sincerely, <br />SPRIIVGSTED INCORPORATED <br />. 1 <br />Principal <br />onnie C. Matkn <br />Enclosure <br />