The Municipal Financial Advisor must: 1. Be registered with the Minnesota Department of Commerce. 2. Possess and keep in force all licenses and permits required to perform the services of this Agreement. 3. Comply with the Municipal Securities Rulemaking Board (MSRB) Rule G-37 which governs political contributions and prohibitions on municipal securities business. 4. Be precluded from performing any broker/underwriting services associated with any debt issued by a Municipality during the term of this agreement to ensure independence in the municipal advisor. 5. Have systems in place to ensure proper separations between any broker/underwriting services associated with any debt issued by a Municipality during the term of the agreement to ensure independence in the municipal advisor services to the Municipalities. 6. Be aware that Baker Tilly, Ehlers and PFM are the City’s and HRA’s municipal advisor under the current agreement for municipal advisor related services. As listed below, they will be expected to continue to provide municipal advisor related services for these projects commenced during the term of the current agreement until the project has been concluded. CITY: • Up to $50 million General Obligation Various Purpose Refunding Bonds and General Obligation Street Reconstruction Bonds • $10.85 million Sewer Revenue Bonds • $ Parking Revenue Refunding Bonds • $28 million Water Revenue Note for McCarron’s Water Treatment Plan and $10.5 million Water Revenue Note for Lead Service Pipeline • Tentatively, a SPRWS Rate Study • Ehlers’ Bond Proceed Investment Management HRA: • TIF Development Projects • Parking Revenue and Refunding Bonds 6. Must cooperate fully with other contracted Bond Attorneys and Municipal Advisors for the City, HRA and Port Authority. A. Financial Planning, Financial Analysis & Debt Management 1. Assist and advise with the implementation of a long-range financial plan for the Municipalities. Development of the plan may include: a. Establish policies and procedures; b. Identify and evaluate objectives; c. Review and analyze cost effective alternatives for financing the Municipalities’ operating and capital requirements; and d. Estimate revenue and financing requirements. 2. Assist and advise on independent and community comparisons on different financial components of the Municipalities that may include: a. Review and analyze utility rate structures, provide alternatives and make recommendations for improvements; and b. Review and analyze other fee structures, provide alternatives and make recommendations for improvements. 3. Assist and advise the Municipalities in managing short- and long-term debt programs. Such services may include: a. Assist and advise on the development of debt management policies, including total debt, levy and per capita levels, pay back provisions, etc.; b. Monitor markets for opportunities to refinance existing debt of the Municipalities; c. Advise and assist the Municipalities in determining the scope of new debt financing; d. Assist in communications with the financial community to promote the Municipalities’ debt securities and improve bond ratings; and e. Assist the Municipalities in meeting regulatory compliance responsibilities in secondary market disclosures requirements. f. Assist the Municipalities on annual and ad hoc reports such as the Indebtedness, Debt Outstanding and Debt Capacity reports.
