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Qualifications Statement <br />Firm Profile: <br />Ehlers has been designing outstanding financial solutions for communities for over 50 years. <br />Throughout the years, we have developed and expanded our services to include debt planning and <br />issuance, strategic and financial planning, economic development, housing and redevelopment <br />services and special financial studies, such as utility rate studies <br />Ehlers is an independent financial advisory firm with offices in Minnesota, Wisconsin and Illinois. <br />Our corporate headquarters are located in Roseville, MN, and is the base from which the study will be <br />performed. <br />Office details are as follows: <br />Address: 3060 Centre Pointe Drive <br />Roseville, MN 55113 <br />Phone: (651) 697 -8500 <br />FAX: (651) 697 -8555 <br />Ehlers has been providing trusted financial advisory services to the City of Pequot Lakes since 1998. <br />Given that history, Ehlers can provide a continuity of service and a measure of institutional memory <br />�-- for this project. <br />Prior Utilitv Rate Analvsis Exuerience: <br />Within the last six months, Ehlers has completed or is in the process of completing utility rate studies <br />for the following communities: <br />• City of Edina. MN- Completed November/December 2011. This study was an update of a prior <br />Ehlers study and included an analysis of usages, debt, capital and rate increases. <br />• City of Chanhassen, MN- Completed November/December 2011. This study was an update of a <br />prior study and included a rate structure change. <br />• City of Brooklvn Park, MN- Completed November 2011. This study was an update of a study <br />completed four years ago. The City needed to address cashflow needs while proposing modest <br />rate increases. <br />• City of Inver Grove HeiLyhts, MN- Ongoing study initiated in December 2011. <br />Please see the references page at the end of this Proposal. <br />More and more communities are turning to Ehlers to analyze and assist staff in determining the <br />appropriate levels of water and sewer rates and charges. Over the past 5 years, over 60 cities have <br />hired Ehlers to complete studies related to water, sewer, and/or storm sewer utilities. Ehlers has <br />created a Utility Rate Study Work Group that includes four individuals dedicated to providing <br />Proposal for a Utility Rate Analysis to the Page 2 <br />City of Pequot Lakes, Minnesota January 2012 <br />