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August 7, 2014 <br />Francisco Gutierrez <br />Finance Director <br />City of Santa Ana <br />20 Civic Center Plaza <br />Santa Ana, CA 92701 <br />Subject: Proposal to Provide Continuing Disclosure Services <br />Dear Mr. Gutierrez: <br />UFI is submitting this proposal to provide Continuing Disclosure Services to the City of Santa Ana (the <br />"City'). Urban Futures is dedicated to providing exemplary service to its clients. To achieve and maintair <br />our standards for service, UFI, through its Public Finance Group, provides a variety of debt management <br />services, including Continuing Disclosure Services. UFI provides 100% dedicated staff to Continuing <br />Disclosure. Our understanding of the ever - changing standards for Continuing Disclosure makes our firm <br />the best choice to provide this service. We can ensure the City is, and remains, in full compliance with <br />mandatory Continuing Disclosure obligations. <br />Investors, underwriters, bond counsels, the Municipal Securities Rulemaking ( "MSRB "), and the U.S. <br />Securities and Exchange Commission ( "SEC ") demand the most current and accurate issuer information. <br />Our comprehensive Continuing Disclosure Services package provides updated financial information and <br />mandatory disclosures to municipal market participants on a regular basis. We offer a mix of services that <br />ensure the City is and remains in full compliance with mandatory Continuing Disclosure covenants: <br />• Dissemination Agent Services to ensure all disclosure documents are posted on MSRB's Electronic <br />Municipal Market Access ( "EMMA ") and received by Digital Assurance Certification ( "DAC ") <br />correctly and in a timely manner. (mandatory) <br />• Significant /Material Event notice preparation ensures that mandatory notice filings are prepared <br />and filed properly. (mandatory) <br />• Real -time ratings surveillance of the credit, bond, and insurer ratings ensures all notices are <br />drafted and posted within the required 10 business days. (mandatory) <br />• Continuing Disclosure Annual Reports ( "CDARs ") preparation in accordance with Continuing <br />Disclosure Agreements ( "CDAs "). (mandatory) <br />• In -house preparation of analytical tables mandatory for Continuing Disclosure provides an <br />unparalleled depth of understanding. (optional) <br />• On -call ratings protection from audits by the ratings agencies (S &P, Moody's, Fitch) are handled <br />by UFI with and /or on behalf of the issuer ensure credit ratings are protected. (optional) <br />• On- demand historical continuing disclosure compliance audits and historical disclosure updates <br />ensure that all past and future disclosures are compliant. (optional) <br />3111 North Tustin, Suite 230 1 Orange, CA 92865 1 t: 714.283.9334 1 f: 714.283.5465 <br />1470 Maria Lane, Suite 315 1 WalnutEy5 �C.f096 I t: 925.478.7450 1 f: 925.478.7697 <br />