2018-060 Ordinance - Laserfiche WebLink

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MAS Financial Advisory Services LLC City of North Olmsted MUNICIPAL ADVISORY AGREEMENT FEE SCHEDULE In consideration for the services rendered by MAS Financial Advisory Services LLC, the City of North Olmsted agrees to pay MAS Financial Advisory Services LLC fees as outlined by this Municipal Advisory Agreement Fee Schedule. Fee Schedule Retainer: The City agrees to pay MAS Financial Advisory Services LLC a retainer fee of $12,000 per contract year in recognition of performing services outlined in Section 2 (Scope of Advisory Services) - Items a, b, c, d, n, p, r, t, u, and v. Up to 50%, or $6,000, of any debt issuance fees incurred on an annual basis (as outlined below) will be applied as a credit toward the annual retainer fee. There is no reimbursement for out-of-pocket expenses. Debt Issuance: Upon delivery of Bond Anticipation Notes (BANS) or Bonds, the City will pay MAS Financial Advisory Services a fee of $1.75 per 1,000 of proceeds for BANs and $3.50 per 1,000 of total bond proceeds (par and premium). A minimum fee of $15,000 is requested per bond issue. Fee Sharing — In limited situations, MAS Financial Advisory Services LLC may, with the written consent of its client, collaborate with other registered municipal advisors if, in the opinion of MAS Financial Advisory Services LLC, such firms can provide specialized services required for the engagement that are beyond MAS Financial Advisory Services LLC capabilities or resources. In such situations, the collaborating advisor will provide services under fee share arrangement as reflected in this agreement and agreeable to the City. N