2009-05-27 CC Packet Add.'l Handouts

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NORTHLAND SECURITIES May 18, 2009 Honorable Mary Capra, Mayor, and Members of the City Council Mr. Dallas Larson, Administrator City of Centerville 1880 Main Street Centerville, MN 55038 Re: Request for Proposals far Financial Consultant Services Dear Mayor Capra, Council Members and Mr. Larson: i Thank you very much for the opportunity to present our firm and proposal during the City's May 13�h Council meeting. As you face the selection of a financial consultant at the May 27th Council meeting, we would like to review the reasons why Northland Securities is the right fit for the City of Centerville. A review of these four points follows: 1. Proven Record of Service to the Ci of Centerville - George Eilertson served the City's public finance needs from 2000 to 2004. George is very familiar with a majority of the City's existing bond issues. As well we assisted the City with the assignment of its first bond rating. 2. We've Done our Homework / Ready to Hit the Ground Runnin¢ - Northland has a very strong interest in renewing a professional relationship with the City. We have done research that makes us uniquely ready to begin work immediately. In relation to the 2009 Street and Utility Improvement Projects we have: a) Met with the project engineer to revie�v the costs to properly size a bond, b) Discussed the Green Infrastructure Grant and Loan with the State of MN Public Facilities Authority, c) Reviewed bonding options / enhancements such as a new bond rating and the issuance of Build America Bonds in the interest of structuring the most cost- effective financing for the City. In regards to the Downtown Redevelopment Project, we have discussed the project with Bill Beard and Ron Mehl of the Beard Group and are prepared to advise the City. Northland Securities, Inc. 45 South 7th Street, Suite 2500, Minneapolis, MN 55402 Toll Free 1-HOO-HS1-2920 Main 612-851-5900 Fax 612-851-5987 www.nonhlandsecurities.com Member FINRA and SIPC