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• <br /> Jurran 8c 1Viowdy <br /> • <br /> Section V <br /> Debt Issue <br /> Development: <br /> Develop and Monitor Financing Schedule <br /> To facilitate the timely completion of all bond issue tasks, Juran & <br /> Moody will prepare a bond sale calendar that clearly identifies the <br /> responsibilities of each participant in the transaction. The schedule will be <br /> designed to permit sufficient time for review of all disclosure materials by <br /> city staff and bond counsel prior to final printing and distribution. Juran <br /> & Moody will utilize its extensive experience to prepare a schedule that <br /> allows for the orderly completion of each component of the transaction. <br /> Moreover, we will work closely with all external participants <br /> (e.g., bond counsel, city attorney, printers, etc.) to ensure that their tasks <br /> are coordinated with the activities of the City. Finally, we will keep the <br /> City staff informed about the progress of the financing and. if necessary, <br /> remind team members of deadlines. <br /> Analyze Debt Structure Alternatives <br /> The determination of an efficient issue structure is a function of three <br /> elements: <br /> 1. Is the proposed amortization schedule well coordinated with the <br /> City's e ;isting debt obligations and revenues? <br /> 2. Are the resources pledged to debt redemption sufficient to meet <br /> total debt service requirements when existing and proposed debt is <br /> combined? <br /> 3. Is the proposed maturity schedule designed to attract maximum <br /> interest from potential investors in the current market? <br /> Structure the Financing <br /> Working with other members of the financing team and the issuer staff • <br /> Juran & Moody will use the information it has gathered from the <br /> financial planning and development phase of the analysis to develop the <br /> issue structure and the terms under which the bonds are to be offered. <br /> Our experience with the structuring, sale and purchase of over <br /> $10.0 billion of debt has given us an appreciation for properly structuring <br /> debt and how to design terms and conditions of sale that are compatible <br /> with underwriter and investor interests under varying market conditions <br /> City of Centerville. Minnesota - 3 - <br />