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,r,�y � � •...R::: ;�n�.. Wiz• <br />.:: { c,; <br />ADDENDUM CONTRACT FOR ARBITRAGE MONITORING SERVICES <br />City of Gem Lake <br />4200 Otter Lake Rd <br />White Bear Lake, MN 55110-347 <br />Effective as of April 2!; 2620 <br />For the fbllowittg.Obligation <br />$775,000 General Obligation Refunding Bonds, Series 2015A <br />With a Closing Date of June.17, 2015. <br />Except as otherwise provided. in this. Addendum; the terms of the Master Agreement far Arbitrage. <br />Monitoring Services dated July' 1-2, �2018 shall govern in connection with the above -referenced obligation: <br />FEE ARRANGEMENT <br />Ehlers vdll •charge Client: a base..fee of•$2,250 per bond: year to determine spending ekdeptions, bona fide <br />debt service fund exemptions; penalty calculations, rebate amounts and yield itdudtion payments for all <br />Aunds-related to the obligation on. an annual basis. Depending on the structure of the transaction, certain <br />completcities' tnay require computational work that extends beyond the scope of a standard' arbitrage <br />calculation: Conversely, the amount ofcotiiputational work required to prepare future arbitrage,:calculations <br />may -decrease due to aggressive expenditures of.grass'proceeds. In such instarleds :Ehlers will charge <br />additional feet and/or .offer. discounts in accordance•with the fee schedule set for-th -below and ofi the.next <br />pao• <br />Additi6hs to Base Fee <br />Variable rate obligation <br />$500 per bond year <br />Commingled funds. <br />$150 per hour <br />Transferred prmeeds analysis <br />$150 per hour <br />Debt service residual anal. si.s. <br />$150 per hour <br />Variable rate computation. period analysis <br />To -be negotiated <br />Universal ca .anal sis <br />To be negotiated <br />IRS Form- 803&T preparation <br />450016 $1,000 per form <br />IRS Form *9038-R preparation <br />$500 t x-$1 000 eer form <br />Legal opinion <br />To be. determined - <br />Recalculation of prior arbitrage liability. <br />To bemp otiated <br />BUILDING COMMUNITIES. ITS WHAT WE b0. '"71 1n(o#ehIer6•inq.ccm % 1 (800) 55VI7.1 0 Www.ehlers•inc:com <br />