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<br />I <br />Ie <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />tt <br />I <br />I <br />I <br />I <br />I <br />I <br />\t <br />I <br />I <br /> <br />/~:;,. <br /> <br />85 SEVE'HH PLACE EAST, SUITE 100 <br />SAINT PAUL, Mi\ ;;101-2887 <br />651.221.3000 F;\X, 651.223.3002 <br />E-.\1AIL; a([yisors@,~pringstcd.(:om <br /> <br />LETTER OF TRANSMITTAL <br /> <br />SPRINGSTED <br />Advisors to the Public Sector <br /> <br />March 6, 2003 <br /> <br />$- <br /> <br />Ms. Cynthia Young <br />Deputy Clerk/Human Resources Director <br />City of Arden Hills <br />1245 West Highway 96 <br />Arden Hills, MN 55112 <br /> <br />Re: Request for Proposal to Provide Executive Search Consulting Services <br /> <br />Dear Ms. Young: <br /> <br />We would like to thank the City of Arden Hills for allowing us to present this proposal to provide <br />executive search services for the City. We hope you will become familiar with the high quality <br />of professionalism that we bring to executive search services. <br /> <br />Most communities and professional staff people recognize the name Springsted as a financial <br />advisor and management consulting firm that delivers a wide range of financial and economical <br />development services to local governments. However, over the years we have assisted many <br />clients behind the scenes evaluating and selecting key management staff. That changed in <br />1999 when we acquired a firm on the east coast named Municipal Advisors Incorporated. They <br />were a smaller firm similar to Springsted in their service ethics and product mix; with one key <br />difference. an emphasis on executive search. They are known from the Midwest to the mid- <br />Atlantic for their quality executive search skills. <br /> <br />Though we have undertaken several successful executive searches in Minnesota, we are still <br />not a "household" name to most communities regarding executive recruitment and selection. In <br />order to become a known player in this specialty in Minnesota, we are prepared to showcase <br />our abilities to select clients. <br /> <br />The proposal includes a comprehensive executive search with several distinct process including <br />written reports and steps requiring slaff and/or Council involvement. Should the City of Arden <br />Hills wish to scale back any of the less critical processes, Springsted would adapt the process <br />as desired. <br /> <br />We are proposing a professional service fee of $8,500 plus out-of-pocket expenses as <br />described in our proposal. This is a substantial discount from our normal fee outlined in our <br />response in the Fees section, which is $15,355. We recognize providing first-class, quality <br />service to the City of Arden Hills we will enable us to enhance our recognition and reputation as <br />a provider of executive search services to local governments in the Midwest. <br /> <br />Respectfully submitted, <br /> <br />~~ <br /> <br />Terri Heaton, Senior Vice President <br />Client Representative <br /> <br />kem <br /> <br />,; //L. ;/) ,,' '\ <br />(/ (. ~{ 'C '" ~,\/l('.(,c~:::c~_, <br />.' / <br />Nick R. Dragisich, Senior Vice President <br />Client Representative <br /> <br />CORPORATE OFFICE: SAINT PAUL, MN . Visit our wcbsite at W\vw.springstcd.com <br />IOWA .. KANSAS ~ MINNESOTA ~ VIRGINIA .. WASHINGTON, DC .. WISCONSIN <br />