10.08 Consider Proposal for OPEB Actuarial

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Exhibit 1 to � AGREEMENT FOR CONSULTING SERVICES Consultant and Rate Schedule , Consultant Effective Start Expected End Representative's Title Date Date Name Hildi Inc. Actuaries and Consulting Actuaries January 1, December 31, Consultants 2018 2019 Base Fees The approximate budget for Hildi Inc. consulting services is as follows: Z018 Fiscal Year 2019 Fiscal Year January 1, 2018 actuarial valuation to be used as GASB 75 $2,400 base results. GASB 75 disclosures to be developed for the year ending December 31, 2019. A roximatel $800-$1,000 These Base Actuarial Fees include the following: • An Actuarial Report including all information required by the GASB Statements. Hildi Inc. will provide an electronic copy and three hard copies. , • A results meeting by conference call to discuss the results. • Teleconferencing with the actuaries on pending or anticipated issues which may affect the actuarial valuation/report. If any work is needed based on one of the outcomes of a teleconference, a fee will be agreed upon before any work is initiated. • Periodic memos and telephone calls to provide updates on developments that may affect future actuarial reports. All quotes assume the plan provisions and assumptions remain unchanged from the last actuarial valuation or year-end disclosure. Additional charges may occur if there is out of � scope work due to an OPEB Trust, changes in funding or investment policy for the OPEBs, changes in plan provisions or assumptions, or changes in the GASB disclosure , re uirements. SERVICES OR REQUIREMENTS: The Agreement for Consulting Services is dated October 18, 2017. Company: City of Pequot Lakes Consultant: Hildi Inc. (Authorized Signature) (Authorized Signature) (Date) (Date) (Please Note: A signature is required on both page 5 and Exhibit 1.Thank you.)