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• loran & Moody: Bond Rating Juran & Moody will prepare an analysis to determine if a credit rating is cost effective. If so, we will coordinate the information flow to the credit rating agency and prepare the City for the interview process. We will also monitor the process to ensure that the rating is released in a timely process to facilitate the bond sale. Assist with Closing Juran & Moody will work with City staff and bond counsel involved with the closing to prepare a schedule of tasks to be completed prior to closing and identify the party responsible for completing the task. These tasks include printing and preparing bond certificates (if printed bonds are used), completing the final official statement, preparing closing documents, arranging for the transfer of funds and investment of funds. In preparation for closing, Juran & Moody will work with the City's bond counsel and other members of the financing team to prepare and review all required documentation. This will include our direct dealings with the official statement printer and bond printer, as well as coordination of bond registration with the underwriter and registrar. Our advisory team will arrange for either registration of the bonds with the Depository Trust Company or delivery of the bonds and the simultaneous transfer of "same day," funds into the accounts identified by the issuer. If the transaction is a refunding, Juran & Moody will assist in the purchase of U.S. Treasury securities for the escrow. Other closing arrangements will also be completed so officials of the City can be confident that each transaction will be completely and professionally brought to a close. Following closing, we will prepare a bond financing transcript to document all relevant details related to the objectives of financing and terms of repayment. • City of Centerville. Minnesota - 10 - •