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2019 04-15 CC PACKET
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2019 04-15 CC PACKET
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Last modified
2/26/2026 8:50:16 AM
Creation date
2/26/2026 8:47:32 AM
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Administration
Code
ADM 00500
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AGENDA PACKETS
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PERMANENT
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AGREEMENT FOR POST -ISSUANCE DEBT COMPLIANCE POLICY AND <br />PROCEDURES TEMPLATES <br />City of Gem Lake <br />000 Otter Lake Road <br />Gem Lake, MN 5511*0 <br />A ril 14. 2015 <br />Ehlers.& Associates;.Inc. ("Ehlers") iihd1If&CifyofGern Lake, Minnesota ("Client") do herebyirutua{ly agree <br />to the following with regard to post -issuance debt compliance. policy and procedures templates. In <br />consideration of the mutual promises and covenants cont4iried herein, and fit othe--good -.and valuable. <br />40nsider6tion,. it is agreed by.and. between Ehlers and Client --as follows: <br />The -tax-exempt status of a debt obligation is contingent -on compliance with -all applicable sthwandlederal <br />laws at the time of issuance and throughout the term of the*obligation. Such ec)tnpli:tnce itquimF, CIieirt to <br />undertake certain:reeor�dkeeping and computational activities.. In an effort to assIstClientwith these -activities, <br />Ehlers will provide Client with post -issuance debt compliance policy and procedures templates, al] as more <br />particularly. described in this Agreement. <br />EHLERS RESPONSIBILITIES - SCOPE <br />Ehlers agrees to provide the following; <br />1, initial post -issuance debt compliance policy -and procedures temp]aces; <br />1 updates to the post -issuance debt compliance policy and procedurres templates as determined by -the Client; <br />and <br />3. post -issuance debrcompliance. training and consultation as determined by.the*,Client. <br />FEE ARRANGEMENT <br />Ehlers -will charge Client fees in accordance with the fee scheduleset forth below. <br />Fee Schedule <br />Initial post=issuance debt compliance policy and <br />$SOU <br />procedures: templates <br />Updates to post -issuance debt comp liahte-pol icy and. <br />.$200per update <br />procedures templates <br />Yost -issuance debt compliance training.. .and <br />$200 per hour <br />consultation <br />Ehlers will invoice Clieni.for the amount due. 'The invojce.is dues and.payable by the CIiot withiq $0 days:Qf. <br />the invoice date. <br />
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