6H (1) - Laserfiche WebLink

Home Browse Search

Project Assignment (Continued) City of South Bend - Community & Economic Development Office September 20, 2011 Page 2 Disclosure and Presentations 1. Participate in due diligence investigations as required in connection with client's disclosure obligations under SEC regulations including Rule 10(b)(5) and the Securities Acts of 1933 and 1934, as well as the disclosure rules applicable to governmental issuers under SEC Rule 15c2 -12. 2. Prepare Official Statement for sale of securities at competitive bid or negotiated basis, including Preliminary or Nearly Final and Final Official Statements. 3. Apply for and manage data presentations relative to request for credit ratings by Moody's Investors Service, Standard & Poor's and /or Fitch Ratings, if required. 4. Appear before State regulatory departments and agencies, if necessary. Sale. Closino and Follow- Through 1. Participate in pricing calls on behalf of the CED Office if the sale of the Bonds is negotiated; accept, evaluate and award bids for the Bonds if sold competitively. 2. Arrange for closing of sale and transfer of funds. 3. Provide a recommendation on investment alternatives available for bond proceeds. 4. Provide advice on IRS arbitrage tracking and reporting requirements. 5. Provide advice on the development of an ongoing disclosure program to comply with secondary market disclosure rules. 6. Submit post bond sale reporting documentation to the Department of Local Government Finance (DLGF). Fees Professional fees for the scope of services described will not exceed $25,000 without the written consent of the CED Office, and include up to two (2) public meetings or working group meetings. Additional meetings in excess of two (2) will be invoiced as an additional cost at our normal hourly rates. Partner /Director $310-370 Sr. Manager 200-250 Manager 155— 200 Staff 100-125 Out -of- pocket expenses At Cost Should the project terminate prior to the issuance of the Bonds, we will invoice the CED Office for the time and materials through the date of project termination. Otherwise, our fees can be paid from bond proceeds. Out -of- pocket expenses paid by Crowe are billed to the client at cost. These expenses generally include, but are not limited to, communication, printing, binding, electronic marketing, evaluation software and travel expenses incurred on behalf of the client. Services requested which are outside the scope of services listed herein will be described and quoted separately.