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I 85 SEVENTH PLACE EAST, SUITE 100 <br /> SAINT PAUL, MN 55101-2887 <br /> 651-223-3000 FAX: 651.223-3002 <br />I ...... :'" E-MAIL: advisors(~springsted.com <br /> <br />I <br />, <br />I September 22, 2000 <br /> <br />SPRINGSTED <br />Public Finance Advisors <br /> <br />Ms. Diana Lund, Finance Director <br />City of Ramsey <br />15153 Nowthen Boulevard NW <br />Ramsey, MN 55303 <br /> <br />Re: Proposal to Provide Public Financial Advisory Services/Fee Schedule <br /> <br />Dear Ms. Lund: <br /> <br />Springsted strives to provide the best possible se. rvice to our clients at a reasonable cost. We <br />are pleased to offer the City of Ramsey our efforts, knowledge and skill, while remaining <br />competitive. <br /> <br />We are proposing our standard Minnesota contract (full service approach), which is used by the <br />majority of our clients, large and small. This option is a fixed fee for service and anticipates that <br />Springsted will assume full responsibility for transacting a bond sale. <br /> <br />On engagements other than bond transactions, Springsted will work on an hourly basis under <br />an approved work plan. <br /> <br />Fixed fee for bond work is as follows: <br />Cost of general obligation debt: <br /> <br />$ 0 $ 50o $ 7,5oo <br />5Ol - 1,000 9,5oo <br />1,001 1,500 11,500 <br />1,501 - 2,000 13,000 <br />2,001 - 2,500 14,500 <br />2,501 - 3,000 15,500 <br />3,001 3,500 16,500 <br />3,501 - 4,000 17,500 <br />4,001 - 4,500 18,500 <br />4,501 - 5,000 19,500 <br />5,001 - and over 19,500' <br /> <br />*plus $500 per $. 5 million or any part thereof in excess of $5 million <br /> <br />The schedule above includes our services through closing of a debt obligation. Post-closing <br />services are at the hourly rates listed below. <br /> <br />SAINT PAUL, MN MINNEAPOLIS, MN MILWAUKEE, WI OVERLAND PARK, KS WASHINGTON, DC DES MOINES, IA <br /> <br />-83- <br /> <br /> <br />