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<br />
<br />EHLERS
<br />
<br />& ASSOCIATES INC
<br />
<br />July 20, 2000
<br />
<br />The City Council
<br />Centerville City Hall
<br />Centerville, MN 55038
<br />
<br />Re: Proposal to act as financial advisor
<br />
<br />We are pleased to submit our proposal for providing financial advisory services to the City of
<br />Centerville in connection with the sale and issuance of $750,000 general obligation bonds.
<br />
<br />Ehlers & Associates, Inc. has been financial advisor to the Ci~ since 1987, working with the
<br />City on many and varied projects. Because no one financial activity (such as a bond issue) is an
<br />isolated event, it has often been important to coordinate activities and issues. The files for these
<br />thirteen years are all available in our office and have enabled us to monitor possibilities for
<br />refinancings and to have reliable records for City staff when needed for reporting and other
<br />purposes.
<br />
<br />We feel the following have been important aspects of our service to the City:
<br />
<br />Because it was important to the City Council to hold competitive bond sales for issues
<br />over $300,000 or more, we assisted the City with 10 competitive bond sales over this
<br />time, all receiving three or more bids. The Council has felt that competitive bidding is
<br />the best way to represent the public in securing the lowest possible interest/financing
<br />costs.
<br />
<br />When the Council was interested in undertaking water and drainage projects to encourage
<br />commercial/industrial growth for tax base purposes, we assisted with the establishment of
<br />tax increment districts which provided funds to allow these projects to go forward while
<br />minimizing the property tax impact.
<br />
<br />Equal Opportunity Employer
<br />
<br />LEADERS IN PUBLIC FINANCE
<br />
<br />Charter Member of the National ASSOciation
<br />of Independent Public FInance AdVisors
<br />
<br />3060 Centre Pointe Drive, Roseville, MN 55113-1105 651.697.8500 fax 651.697.8555 www.ehlers-inc.com
<br />
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