PSA - Peters Municipal Consultants, LTD - Review Projected Tax Revenues

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cgs Qw� "LTA-W-' Peters Municipal Consultants, LTD P.O Box 542 Greenwood, Indiana, 46142 www.petersmunicipalconsultants.com January 30, 2017 City of South Bend 227 West Jefferson Boulevard, Suite 1400 South Bend, IN 46601 Dear City of South Bend, St. Joseph County This letter is written to describe the services that Peters Municipal Consultants, LTD is able to perform for the City of South Bend and to serve as an engagement letter. Peters Municipal Consultants, LTD, is focused on providing superior consulting services to local government units, utilities, and related entities in Indiana. We are registered municipal advisors with the Securities & Exchange Commission (SEC) and the Municipal Securities Rulemaking Board (MSRB). Our firm's concentrated efforts recognize that the success of your entity depends upon the ability to deliver services to constituents in the most efficient and cost effective manner. Further, we realize that while our clients must contend with ever increasing complexities, their needs are more specific and they must be more careful about the professionals they retain. We are committed to providing services of the highest quality and welcome the opportunity to serve your entity. Our practice is built on service, innovation, and solving our clients' fiscal issues. Our firm's core belief is that the relationships we build with our clients are more like partnerships. Each partnership strengthens and matures with the successes of our clients. Scope of Services: Peters Municipal Consultants, LTD is able to provide the following services: Specifically, we will assist in developing a fiscal plan, based on discussions with the client regarding the future provision of Fire and EMS Services. The fiscal plan will include: All the major funds that are expected to be reviewed by the Department of Local Government Finance ("DLGF") in relation to Fire and EMS Services. a. We will include a base estimate of Fire and EMS revenues and disbursements. b. We will include a three-year projection of revenues. c. We will include a three-year projection of expenditures based on estimates provided by and discussions with entity officials. d. We will include a three-year projection of cash balances. e. We will include a capital improvement schedule based on estimates provided by and discussions with entity officials. f. We will include a computation of any expected maximum property tax levy changes. g. We will include County income tax information for St. Joseph County and projections of future income tax revenue.