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City of Santa Ana, California Proposal for Municipal Financial Advisory Services March 12, 2020 5. Cost Proposal Provided below is our cost proposal. UFI's cost proposal shall remain valid for a minimum of 180 days following submission of the RFP. Hourly rates UFI is available on a time and materials or hourly basis to provide services such as long-term financial forecasts, evaluation of the City's financial model, special fiscal studies, etc. To the right are the hour) rates of proposed positions; CEO/President $350 Y p p p typically, most of the Managing Director $325 work is completed by Managing Directors and Directors. Director $300 'i. Services subject to a flat rate Senior Associate $175 Municipal Advisor Bond Transaction Fees The schedule of our municipal advisory fees, which are flat -rate, contingent fees for bond financings is provided below. UFI Municipal Advicnry pop c,f,ed.de Assessment Districts & Community Facilities Districts $35,000 Certificates of Participation, Lease Revenue, Utility Revenue, Tax Allocation Bonds $35,000 Tax and Revenue Anticipation Notes $30,000 Private Placements/Loans $25,000 General Obligation Bonds $50,000 Pension Obligation Bonds $50,000 - $100,0001 Federally Subsidized Bonds/Notes $45,000 (1) Dependent upon scope of bond issue Our fees for financial advisory services on bond issuances are contingent on the success of the financing, and billing is at the end of the transaction. Our fee for municipal advisory services is exclusive of out-of- pocket expenses such as travel, data recovery, third party data fees, and internal compliance requirements. Out-of-pocket expenses will not exceed $1,000 on any transaction. Dissemination Agent Fees Continuing Disclosure Our annual fees for the preparation of Continuing Disclosure Annual Reports to satisfy all requirements are stated below: ftFI 26F-36 17