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EXHIBIT C
<br />Compensation and Method of Payment
<br />FEE SCHEDULE
<br />Services at Time of Issuance
<br />Issue Size
<br />General
<br />Obligation
<br />Revenue
<br />Local
<br />Improvement
<br />District
<br />$1,000,000
<br />$14,000
<br />$16,000
<br />$16,000
<br />or Less
<br />$1,000,001-
<br />$18,000
<br />$20,000
<br />$20,000
<br />$5,000,000
<br />$5,000,001-
<br />$22,000
<br />$24,000
<br />$24,000
<br />$10,000,000
<br />$10,000,001-
<br />$27,000
<br />$29,000
<br />$29,000
<br />$15,000,000
<br />$15,000,001-
<br />$32,000
<br />$34,000
<br />$34,000
<br />$20,000,000
<br />$20,000,001 and
<br />$36,000
<br />$38,000
<br />$38,000
<br />Above
<br />Fees are calculated based on the principal amount of the bonds, plus premium if the bonds are sold with
<br />net premium.
<br />Fees may be adjusted (up or down) for special projects to reflect unique transactions (such as 63-20
<br />transactions or WI FIA loans) or to take advantage of economies of scale (such as multiple series of the
<br />same issue and credit being issued at the same time), with the prior consent of the City Finance Director.
<br />All bond counsel fees, costs and expenses are included in the fee matrix above. Bond counsel fees
<br />include all of the Contractor's work related to the bond issue (including but not limited to
<br />document preparation, state and federal tax law analysis, attending finance team and City Council
<br />meetings, expenses, costs, delivering the final opinion, answering questions during and between bond
<br />issues, and providing other services as outlined in the Scope of Services), unless another fee
<br />arrangement is agreed to by the City. The fee matrix may be adjusted, not more frequently than
<br />annually, with prior City approval.
<br />In the event the bonds are not issued, no fee will be charged. Depending on the complexity of the
<br />matter, bond counsel fees are likely to be lower if the bond issue is privately placed, such as with a
<br />bank. For bank loans, we typically charge a percentage of the regular fee schedule
<br />(such as 85%), depending on the facts and circumstances and the legal contract and related negotiations
<br />with the bank. For refunding issues, we typically charge 115% of the regular fee schedule.
<br />{KZS2490554.DO CX;1 /13175.000001/1
<br />2013
<br />26
<br />CA Revised 1 -
<br />Page 6 of 7
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