HomeMy WebLinkAboutRES 75 358Professional Services Fee Schedule:
The following professional services fee schedule applies to bonds issued at one time:
General Obligation Bonds.
The recommended minimum fee for General Obligation Bonds, voted at a single bond
election and issued in a single installment, shall be the net amount as computed from
the Professional Services Fee Schedule above.
Revenue Bonds
The recommended minimum fee for Revenue Bonds, voted at a single bond election and
issued in a single installment,, shall be the amount as computed from the Professional
Services Fee Schedule plus 25%.
Multiple Bond Elections And Other Bond Authorizations
1. Bonds authorized at separate bond elections are to be considered as separate
transactions in computing the financial advisory fee.
2. Legal authorizations for the _issuance of bonds, other than bond elections, shall
be considered for the purposes of the fee schedule to be the same as bond elections.
3. The issuance of bonds for refunding of outstanding bonds, whether.or not the
latter be callable, shall be treated the same as bonds issued pursuant to election or
other authorization; and where refunding bonds are issued in connection with other
financing they shall be considered as separate transactions.
Multiple Installments
When bonds (general obligation or revenue) are issued in multiple installments the
recommended fee for each installment shall be -'computed as 125% of the pro rata part
of the total fee which would othen-iise be due upon issuance of all bonds covered by
--- - --- in a gin¢le installment; except_. that any installment which is less than
r awi cnr-v rnntrnrt Sllq] 1
If the Amount of Bonds
Delivered to
Purchaser Is:
The Basic
Fee Is:
More
and Not
Than
More Than
$
-Q-
$ 150,000
$2,750
$
150,000
$ 250,000
$2,750
plus
$10 per $1,000 for.
all
over
$150,000
$
250,000
$ 3502000
$3,750
plus
$6 per $1,000 for
all-over
$250,000
$
350,000
$. 700,000
$4,350
plus
$3 per $1,000.for.
all
over
$350,000
$
700,000
$ 1,000,000
$52400
plus
$2.50 per $1,000 for
all
over
$7003000
$
12000,000
$ 1,500,000
$6,150
plus
$2 per $1,000 for
'
all
over
$1,000,000
$
1,500,000
$ 5,000,000
$7,150
plus
$1.35 per $1,000 for
all
over
$1,500.,000
$
520002000
$10,0002000
$11,875 plus
$0.90 per $1,000 for
all
over
$5,000,000 . -
$10,000,000
$20,000,000
$16,375 plus
$0.60 per $1,000 for
all
over
$10,000,000
$20,000,000
No Limit
$22,375 plus
$0.25 per $1,000 for
all
over
$20,0001000
General Obligation Bonds.
The recommended minimum fee for General Obligation Bonds, voted at a single bond
election and issued in a single installment, shall be the net amount as computed from
the Professional Services Fee Schedule above.
Revenue Bonds
The recommended minimum fee for Revenue Bonds, voted at a single bond election and
issued in a single installment,, shall be the amount as computed from the Professional
Services Fee Schedule plus 25%.
Multiple Bond Elections And Other Bond Authorizations
1. Bonds authorized at separate bond elections are to be considered as separate
transactions in computing the financial advisory fee.
2. Legal authorizations for the _issuance of bonds, other than bond elections, shall
be considered for the purposes of the fee schedule to be the same as bond elections.
3. The issuance of bonds for refunding of outstanding bonds, whether.or not the
latter be callable, shall be treated the same as bonds issued pursuant to election or
other authorization; and where refunding bonds are issued in connection with other
financing they shall be considered as separate transactions.
Multiple Installments
When bonds (general obligation or revenue) are issued in multiple installments the
recommended fee for each installment shall be -'computed as 125% of the pro rata part
of the total fee which would othen-iise be due upon issuance of all bonds covered by
--- - --- in a gin¢le installment; except_. that any installment which is less than
r awi cnr-v rnntrnrt Sllq] 1