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AGENDA ITEM #10.5 <br /> City of <br /> Pe not <br /> Lakes — _ <br /> REPORT TO <br /> CITY COUNCIL <br /> Report Prepared by: Nancy Malecha <br /> Date: October 4, 2016 <br /> Subject: Municipal Advisor Services Agreement <br /> Report: The City currently utilizes the professional <br /> services of Springsted Inc. for financial consulting. <br /> Recently, I was made aware that municipal advisors are <br /> now required to establish terms and conditions, by contract, <br /> of their client engagements. <br /> Attached please find a memorandum and agreement from <br /> Springsted Inc. The memorandum highlights the key <br /> components of the Agreement for Municipal Advisor <br /> Services which has been reviewed by the City Attorney. <br /> Council Action Requested: Council motion approving the <br /> Agreement for Municipal Advisor Services with Springsted <br /> Inc. <br />