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5. Plan and Schedule Investor Briefinxs. <br />If appropriate, the Consultant shall develop a plan for presenting the financing <br />program to the investor community. The Consultant shall schedule underwriter <br />and/or investor visits, if appropriate, to assure the appropriate and most <br />knowledgeable personnel are available for the presentation and, if requested, will <br />develop presentation materials and assist the City officials in preparing for the <br />presentations. <br />6. Conduct Credit Enhancement Evaluation and Procurement. <br />If appropriate and at the City's direction, the Consultant will initiate discussions with <br />the landowner regarding letter of credit providers and vendors of other forms of <br />credit enhancements to provide credit support for the financing. <br />7. Conduct Market Analysis and Evaluate Timing of Market Entry. <br />The Consultant shall provide regular summaries of current municipal market <br />conditions, trends in the market and how these may favorably or unfavorably affect <br />the City's proposed financing. <br />In the case of a negotiated sale of debt, the Consultant shall perform a thorough <br />evaluation of market conditions preceding the negotiation of the terms of the sale of <br />debt and will assist the City with the negotiation of final issue structure, interest rates, <br />interest cost, reoffering terms and gross underwriting spread and provide a <br />recommendation on acceptance or rejection of the offer to purchase the debt. This <br />assistance and evaluation will focus on the following areas as determinants of interest <br />cost: <br />• Size of financing <br />• Sources and uses of funds <br />• Terms and maturities of the debt issue <br />• Review of the rating in pricing of the debt issue <br />• Investment of debt issue proceeds <br />• Distribution mix among institutional and retail purchasers <br />• Interest rate, reoffering terms and underwriting discount with comparable <br />issues <br />• Redemption provisions <br />8. Recommend Award of Debt Issuance. <br />Based upon activities outlined in Task 7 above, the Consultant will recommend <br />accepting or rejecting offers to purchase the debt issue. If the City elects to award the <br />debt issue, the Consultant will instruct all parties and help facilitate the actions <br />required to formally consummate the award. <br />CITY OF SANTA ANA,/FIELDMAN, ROLAPP & ASSOCIATES Exhibit A, Page 3 <br />