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I Ie I I I I I I I t' I I I I I I ~ I I City of Arden Hills Terri Heaton Senior Vice President Experience Ms. Heaton joined Springsted Incorporated in May 2002 as a Senior Vice President, concentrating her efforts as principal advisor to cities and counties. She is serving clients in the Midwest, assisting them in attaining their financial goals through effective public finance and economic development, managing operational and structural challenges and developing strong human resource teams. Ms. Heaton has over 19 years of experience in local government finance, most recently as the Chief Financial Officer for the City of Bloomington, Minnesota, where she was instrumental in improving the City's credit rating, ultimately earning an AaaJAAA bond rating with both Moody's and Standard and Poor's. As a result of her efforts, the City's first popular report, the Corporate Report to the Community, and its budget document continue to receive GFOA awards annually. Ms. Heaton was also the Chief Financial Officer for the City's econornic development arm, the Bloornington Port Authority. She negotiated and administered development contracts, including the Mall of America tax increment financing project. She facilitated bond defeasances and bond refundings, resulting in present value savings in excess of $30 million. As the City's Treasurer, she had responsibility for the $150+ million combined portfolio of the City, Port Authority and Housing Redevelopment Authority. She developed capital financing plans for over $75 million in municipal public facilities. Ms. Heaton served as an internal project manager, focusing on technology initiatives, streamlining business processes and conducting several studies. Previously, she worked for the Office of the State Auditor, conducting audits of schools, counties, cities, pension funds, agencies, and non-profit corporations. Education University of St. Thomas, Saint Paul, Minnesota Master of Business Administration Saint Cloud State University, Saint Cloud, Minnesota Bachelor of Science in Accounting Affiliations Government Finance Officers Association - National and State Associations League of Minnesota Cities - Fiscal Futures Committee Association of Metropolitan Municipalities Association of Government Accountants - Certified Government Financial Manager Professional Certified Public Accountant Certified Government Finance Manager ~ SPRINGSTED Page 9