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OW-1 <br />10 EHLERS <br />LEADERS IN PUBLIC FINANCE <br />January 20, 2012 <br />Proposal for a <br />Utility Rate Analysis to the <br />City of Pequot Lakes, Minnesota <br />Minnesota <br />Offices also In Wisconsin and Illinois <br />Financial Planning <br />Main Contact: <br />Shelly Eldridge, Financial. <br />Advisor <br />Team Members: <br />Jessica Cook, Financial Advisor <br />Elizabeth Diaz, senior Financial <br />Analyst <br />vwwv.ehlers- inc.com <br />phone 651- 697 -8500 3060 Centre Pointe Drive <br />fax 651.697 -8555 Roseville, MN 55113 -1122 <br />toll free 800- 552 -1171 <br />