Municipal Advisory Fees, Expenses, and Payment Terms for Issuances. For its financial advisory services, CCMA shall be entitled to a fee (the “Municipal Advisory Fee”) for each Offering to be calculated as follows (subject to any offset credit under Secti

Staff Report & Agenda Item Details

Municipal Advisory Fees, Expenses, and Payment Terms for Issuances. For its financial advisory services, CCMA shall be entitled to a fee (the “Municipal Advisory Fee”) for each Offering to be calculated as follows (subject to any offset credit under Section 2 below): (a) For any issue of new money bonds, the principal amount of which is: Up to $7,500,000: The fee shall be 2.00% of the principal amount with a minimum fee of $20,000, or such maximum lesser amount as is permissible under then applicable statues, regulation and ordinances. $7,500,001-$12,500,000: The fee shall be $150,000 plus 1.75% of the principal amount over $7,500,000 $12,500,001 - $17,500,000 The fee shall be $237,500 plus 1.50% of the principal amount over $12,500,000 $17,500,001 - $22,500,000 The fee shall be $312,500 plus 1.25% of the principal amount over $17,500,000 Over $22,500,000: The fee shall be $375,000 plus 1.00% of the principal amount over $22,500,000 (b) For any issue of bond anticipation notes, the fee shall be one percent (1%) of such principal amount with a minimum fee of $10,000. (c) For any issue of refunding bonds, the fee shall be one percent (1%) of such principal amount with a minimum fee of $20,000. The Municipal Advisory Fee shall become due and payable as soon as practicable after delivery of the bonds to the underwriter or purchaser thereof. In addition, CCMA will bill to the Client all “out-of-pocket” expenses incurred in connection with the provision of such services, including, but not limited to, reasonable travel expenses, legal advertisement, and any reproduction, word processing, postage or delivery charges.

This docket item is classified as NEUTRAL (0.0 Score Impact). Routine administrative reports, monthly accounts payable/disbursement registers, minutes approvals, and procedural motions are logged for public transparency but carry zero weight in calculating an official's Roll-Call Freedom Score.