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FINANCIAL ADVISORY SERVICE AGREEMENT <br /> BY AND BETWEEN <br /> THE CITY OF CENTERVILLE, MINNESOTA <br /> AND <br /> NORTHLAND SECURITIES, INC. <br /> This Agreement made and entered into by and between the City of Centerville, Minnesota (hereinafter <br /> "City") and Northland Securities, Inc., of Minneapolis, Minnesota (hereinafter "NSI"). <br /> WITNESSETH <br /> WHEREAS, the City desires to use the services of NSI related to the issuance of City bonds as described <br /> herein ("Debt"), and <br /> WHEREAS, NSI desires to furnish services to the City as hereinafter described, <br /> NOW, THEREFORE, it is agreed by and between the parties as follows: <br /> SERVICES TO BE PROVIDED BY NSI <br /> Debt Issuance: ! <br /> Serve as the City's Financial Advisor for the issuance of the Debt. NSI shall provide all services <br /> necessary to analyze, structure, offer for sale and close the transaction. Examples of the services � <br /> include the following: <br /> Planning and Development <br /> * Meet with City o�cials and others as directed to define the scope and the objectives <br /> * Assemble and analyze relevant statistical information. <br /> * Prepare a preliminary feasibility study or discuss with City officials possible funding options <br /> and the fiscal implications of each. <br /> * Prepare details on the recommended options - information on the issue structure, method of <br /> issuance, term, sale timing, call provisions, etc. <br /> * Prepaze a schedule of events related to the issuance process. <br /> " Attend meetings of the City Council and other project and bond issue related meetings as <br /> needed and as requested. <br /> Bond Sales <br /> * Prepare, cause to be printed, and distribute the Official Statement and Bid Form to prospective <br /> bidders. <br /> * Cause to be published the Official Notice of Sale if required by law. <br /> " Recommend whether the issue should secure a bond rating. If the issue is to be rated, prepaze <br /> and fiunish to the rating agencies the information they require to evaluate the issue and provide <br /> their rating. Serve as the City's representative to the rating agencies. <br /> * Directly contact underwriters most likely to serve as syndicate managers to assure that bidding <br /> interest is established. <br /> Page 1 <br /> 65 <br />