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<br />. <br /> <br />EHLERS <br /> <br />& ASSOCIATES INC <br /> <br />May 31,2006 <br /> <br />Dallas Larson, City Administrator <br />City of Centerville <br />1880 Main Street <br />Centerville, MN 55038 <br /> <br />Re: Response to Request For Proposals for FInancial Advisory Services <br /> <br />Ehlers & Associates, Inc. is pleased to respond to your request for Financial Advisory Services relative <br />to your upcoming $2.45 million bond offering. As you are aware, Ehlers is a full service independent <br />advisory fmn offering a complete range of services for municipalities in their issuance of debt. Your two <br />primary contacts at Ehlers would be Jerry Shannon and Mark Ruff who have a combined 45 years of <br />experience in public .fmance. Their resumes are attached. <br /> <br />While your request addresses a need for only a limited number of our services, we can also assist with <br />the tasks to be performed by City staff. . <br /> <br />For a base fee of $5,000, Ehlers will assist the City with its prepared issuance of approximately $2.45 <br />million general obligation bonds with an expected delivery date of July 1, 2006." The following tasks <br />have been set forth in your request. <br /> <br />· Financing Recommendations <br />The City will prepare details on the recommended options including the structure of the proposed <br />offering, method of issuance, term, sale date and call provisions. Ehlers will assist the City in analysis of <br />those recommendations and offer constructive comments on the proposed terms and conditions of the <br />offering. Of critical concern here is the appropriate statutory authority for financing the projects and the <br />assurance that all statutory requirements have been met. <br /> <br />· Schedule of Events <br />The City will prepare a Schedule of Events relating to the issuance process. Ehlers will attend one staff <br />;.~- meeting, the Council meeting establishing the terms and conditions of sale, and the Council meeting at <br />w~ch the sale will be approved. Ehlers will attend other meetings at the request of the City for an <br />additional fee of $250 per meeting. <br /> <br />Equal Opportunity Employern <br />LEADERS IN PUBLIC FINANCE <br /> <br />Chlrter Member of the Nltlon81 Assoclltlon <br />of Independent Public Flnlnce Advisors <br /> <br />3060 Centre Pointe Drive. Rosevllle. MN55113-1105 651.697.8500 fax 651.697.8555 www.ehlers-inc.com <br /> <br />45 <br />