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tC AS10CIATES <br />Nov j.,V No aNb,CNaf,da fryr exrAeriiirG:. <br />June 22, 2015 <br />Mr. Kenny Nguyen <br />Senior Civil Engineer <br />City of Santa Ana <br />20 Civic Center Plaza <br />Santa Ana, CA 92701 <br />Re: Financial Advisory Services for Proposed Assessment District <br />Dear Mr. Nguyen, <br />Pursuant to your request, Fieldman, Rolapp & Associates is pleased to submit this Letter Agreement (the <br />"Agreement ") to the City of Santa Ana (the "City ") describing our proposed scope of services to be <br />performed in conjunction with the planning and financing of the proposed improvements for the City's <br />proposed Assessment District which relates to the rehabbing of streets for a commercial / industrial area <br />known as Warner Industrial Park (the "Project "), It is our understanding that special assessment <br />improvement bonds will be sold pursuant to the Municipal Improvement Act of 1915 (the "Bonds "). <br />As you may be aware, Fieldman, Rolapp & Associates is an independent financial advisory <br />services firm, and is a SEC - registered Municipal Advisor. We proposed to provide the following <br />services in connection with advising the City on the Project and the Bonds: <br />Phase I Services: District Formation <br />1. Assist in Developing Cost Estimate in Preliminary Engineer's Report <br />We will confer with City staff, bond counsel, consulting engineers and other consultants for the <br />purpose of making a preliminary survey of the Project and to assist in the formulation of a <br />coordinated plan to finance the Project. We will assist in review and developing of the financing <br />aspects (e.g. bond cost estimates, interest rates, etc) of the Preliminary Engineer's Report. (Note: <br />we do not handle the legal or any other matters related to the Preliminary Engineer's Report, <br />including the methodology for allocating the costs / benefits to properties.) <br />II. Develop District Formation and Financing Schedule <br />We will develop a schedule which will include all steps necessary to form the proposed District <br />and, assuming a favorable approval of property owners, the steps and timeline to issue the Bonds. <br />During the formation and financing process, we will act as the City's project manager to <br />coordinate any necessary conference calls, document review meetings, and other related actions <br />to ensure Clio City's desired project schedule is met and all consultant activities are coordinated. <br />19900 Maduthurr Blvd., Suite 1100 • llviw, CA 92612 + phnne: 949.660.7300 - U: 949.474.8773 • wmv.fieldrnsac.rn <br />00116029.DOC / MA Proioct, No. 08146 <br />12A -25 <br />