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3 <br />• HOME/CDBG <br />• First-time homebuyer program <br /> <br />Furthermore, we are able to advise our clie nts with respect to hous ing project feasibility <br />and the appropriate levels of city assistance. <br /> <br />One area in which the HRA may be especially interested is our work with the Greater <br />Minnesota Housing Fund (“GMHF”) on an HR A levy initiative thr oughout the state. <br />Through a matching grant program, GMHF is attempting to encourage counties and <br />larger cities outside the metropolitan area to start an HRA levy to meet affordable <br />housing needs. Our work as technical advisor to GMHF and the HRAs working to <br />convince councils and boards to approve an on-going levy has focused on establishing <br />the need for the levy and portraying the levy as a tool to leverage othe r resources. As part <br />of this initiative, we have developed a check list of steps that should be considered in <br />order to successfully implement a new HRA levy. <br /> <br /> <br />Proposed Project Team <br /> <br />Staffing is an important element of this proposal. The people who provide the service <br />have a direct effect on the quality of the serv ice. Ehlers uses a team approach. For this <br />engagement, we propose that Si d Inman, Senior Financial Advi sor/Senior Vice President, <br />Kathy Kardell, Financial Advisor and Je ssica Cook, Financial Advisor provide our <br />services to the HRA. All team members are located in our Roseville office. Complete <br />resumes for each are included as an attachment to this letter. <br /> <br />Fees for Non-Bond Services <br /> <br />Our general philosophy on fees is that if a client is not happy with the service, we ask <br />them not to pay the bill. We often do not opera te with a contract and are retained on an <br />as-needed basis. The majority of fees for our non-bond services are based upon an <br />estimate of a not-to-exceed amount related to the anticipated scope of work at the onset <br />of the project and a monthly invoice based upon actual time spent thereafter. <br /> <br />For this project we would propose a not -to-exceed fee of $3,900 based upon the <br />assumption that we will meet three times w ith the HRA board or subcommittee of the <br />board and prepare a report of funding options including fi nancial projections for the <br />funding options. The work scope can be expanded by the HRA at any time. <br /> <br />For this engagement we propose to be compensated on an hourly basis according to the <br />following fee schedule: <br /> <br />Senior Financial Advisor $185/hour <br />Financial Advisor $180/hour <br />Financial Analyst $150/hour <br />Clerical Support No charge