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Reso 2002-447
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Reso 2002-447
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Last modified
7/1/2013 4:46:49 PM
Creation date
1/25/2006 1:57:04 PM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2002-447
Date (mm/dd/yyyy)
05/14/2002
Description
– Agmt w/1st SW Co. for Financial Advisory Srvs for Asst. w/Comp Plan
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<br />APPENDIX A <br /> <br />FEE SCHEDULE <br /> <br />The fees due to FSC for the services set forth and described in this Agreement with respect to <br />each issuance of Debt Instruments during the term of this Agreement shall be calculated in <br />accordance with the schedule set forth below. Unless specifically provided otherwise herein or in <br />a separate written agreement between the Issuer and FSC, such fees, together with any other fees <br />and may have been mutually agreed upon and all expenses for which FSC is entitled to <br />reimbursement, shall become due and payable concurrently with the delivery of the Debt <br />Instruments to the purchaser. <br /> <br />A. The fees due to FSC for Specific Debt Financings will not exceed those contained in our <br />customary fee schedule as listed below. (1) <br /> <br />$15,000 <br />$1.25 per $1,000 <br />$1.00 per $1,000 <br />$0.75 per $1,000 <br /> <br />for <br />for <br />for <br /> <br />$0-10,000,000 of debt instruments issued <br />$10-25,000,000 of debt instruments issued <br />$25-40,000,000 of debt instruments issued <br />Over $40,000,000 <br /> <br />(1) Minimum $15,000 per transaction <br /> <br />If the Issuer decides to obtain financing from the Florida Municipal Loan Council (FMLC) <br />Pool Program, FSC will provide the Issuer with a credit on the above referenced fees. The <br />amount of the credit will be determined by taking the Issuer's percentage of the overall <br />bond issue and multiplying it by the financial advisory fee obtained by FSC in conjunction <br />with the total FMLC bond issue. <br /> <br />B. Compensation on a time and expenses basis, for non-bond related services, FSC's hourly fee <br />schedule, plus out-of-pocket expenses is as follows: <br /> <br />Position <br />Senior Vice President and above: <br />Vice President: <br />Assistant Vice President: <br />Analyst: <br />Administrative Staff: <br /> <br />Rate per Hour <br />$175.00 <br />$165.00 <br />$150.00 <br />$100.00 <br />$ 60.00 <br /> <br />Due to the nature of financial advisory services and our business, FSC bills in half-hour <br />increments. <br />
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