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Northland Securities Services <br />October 25, 2013 <br />Page 4 of 4 <br />REFERENCES AND QUALIFICATIONS <br />References will be provided on request. Northland staff that will provide service to the City of <br />Ramsey has performed similar tax increment analysis and assisted with drafting of special <br />legislation for other cities and would welcome the opportunity for city staff from these cities to <br />comment on our work. We have work product, including comprehensive TIF management <br />planning, for other cities that we can share with you upon request to demonstrate our <br />qualifications to undertake this work. <br />COMPENSATION <br />The proposed compensation reflects Northland's long tenured relationship with Ramsey and <br />the efficiency this will bring to the completion of the proposed tasks. For the services specified, <br />NSI shall be paid an amount not to exceed $5,920 for Phase I and $1,480 for Phase II. The total <br />amounts are based on the estimated number of hours required to complete these tasks at an <br />hourly billing rate of $185 per hour plus reimbursable expenses for travel, printing and mailing. <br />NSI will bill on a monthly basis for actual services performed and reimbursable expenses. The <br />actual amount billed may be less than but shall not exceed the stated amounts for Phase I and <br />Phase II. <br />The City may at its discretion authorize NSI to undertake additional tasks, including meeting <br />attendance, beyond the tasks listed above. Additional planning services will be billed monthly <br />at a rate of $185 per hour. <br />Invoices will detail the work performed, requested compensation for the period and show <br />amounts previously billed. <br />ASSIGINED NORTHLAND EMPLOYEE <br />The NSI employee responsible for providing services and for the services performed is <br />Tammy Omdal. <br />Thank you for the opportunity to submit this letter and proposal to provide service to the City <br />of Ramsey. Northland's financial planning service to Ramsey is grounded in significant <br />experience helping cities in Minnesota establish and manage tax increment financing districts. I <br />would be happy to answer any questions or concerns regarding our proposal for service to the <br />City. Please contact me at 612-851-4964 or by email at tomdal@northlandsecurities.com. <br />Sincerely, <br />Tammy Omdal <br />Manager Northland Strategies/Sr. VP <br />