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Exhibit 1 to <br />AGREEMENT FOR CONSULTING SERVICES <br />Consultant and Rate Schedule <br />Consultant Effective Start Expected End <br />Representative's Title Date Date <br />Name <br />Hildi Inc. Actuaries and Consulting Actuaries January 12, TBD <br />Consultants 2012 <br />Base Fees <br />The budget for the GASB 45 Actuarial Valuation is $1,200-1,400. For full description of <br />services and fees please reference the "Fee Proposal" section of the January 20, 2009 <br />RFP submitted by Hildi Inc. <br />The term of the Agreement for Consulting Services is for the 1/1/2012 GASB 45 <br />actuarial valuation which is the fiscal year of 1/1/2012 through 12/31/2012. This GASB <br />45 valuation can be used for the three disclosure cycles ending at December 31, 2012, <br />December 31, 2013 and December 31, 2014. All quotes assume the plan provisions <br />and assumptions remain unchanged from the last actuarial valuation. Additional <br />charges may occur if there is out of scope work due to an OPEB Trust, changes in <br />funding or investment policy for the OPEBs, or changes in plan provisions or <br />assumptions. <br />SERVICES OR REQUIREMENTS: <br />The Agreement for Consulting Services is dated January 12, 2012. <br />Company: City of Pequot Lakes <br />(Authorized Signature) <br />(Date) <br />Consultant: Hildi Inc. <br />(Please Note: A Signature is required on both page 5 and page 6. Thank you.) <br />(Authorized Signature) <br />(Date) <br />""\ <br />� <br />� <br />