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<br />APPENDIX A - FEES <br /> <br />The Bonds to be covered initially under this contract include all issues of tax-exempt bonds delivered subsequent to the effective <br />dates of the rebate requirements, under the Code, except for issues which qualify for exceptions to the rebate requirements in <br />accordance with Section 148 of the Code and related Treasury regulations. The fee for each of the Bonds included in this <br />contract shall be: <br /> <br />Description <br /> <br />Annual Fees Per Issue <br />Per Computation <br />Year (1) <br /> <br />$2,000 ! <br /> <br />I Base Fee Per Computation Year: <br /> <br />Additional Charges for Special Services Related to: <br />I Debt Service Reserve Funds <br /> <br />I Commingled Funds <br /> <br />I Transferred Proceeds <br /> <br />Debt Service Fund Residual Calculations (Excess Tax Collections) <br /> <br />I $100,000 Test for Debt Service Funds <br /> <br />I Variable/Floating Rate Bond Issue <br /> <br />$500 ! <br />$500 ! <br />$500 ! <br />$500 <br />$500 ! <br />$1,000 ! <br /> <br />Yield Restriction Analysis/Yield Reduction Computation $500 <br />Premium for Quick Turnaround (Preliminary or Final Numbers within 21 days or $500 <br />less) <br /> <br />Preparation of IRS Refund Request <br /> <br />(2) ! <br />I <br /> <br />Commercial Paper: <br />Per allocated issue to perform arbitrage rebate computation $4,000 <br />Penalty Calculations: <br />Semiannual fee for each issue of Bonds. re2ardless of issue size. $1,000 <br /> <br />(1) A "Computation Year" represents a one year period from the delivery date of the issue to the date that is one calendar <br />year after the delivery date, and each subsequent one-year period thereafter. Therefore, if a calculation is required <br />that covers more than one "computation year," the annual fee is multiplied by the number of computation years <br />contained in the calculation being performed. For example, if the first calculation performed for an issue covers three <br />computation years, the fee for that calculation would be three times the annual fees stated above. <br /> <br />(2) Fee based upon complexities involved and estimated time to complete request. <br /> <br />EXPLANATION OF ADJUSTMENTS TO BASE FEE <br /> <br />1. Debt Service Reserve Funds. The authorizing documents for many revenue bond issues require that a separate fund <br />be established (the "Reserve Fund") into which either bond proceeds or revenues are deposited in an amount equal to <br />some designated level, such as average annual debt service on all parity bonds. This Reserve Fund is established for <br />the benefit of the bondholders as additional security for payment on the debt. In most instances, the balance in the <br />Reserve Fund remains stable throughout the life of the bond issue. Reserve Funds, whether funded with bond <br />proceeds or revenues, must be included in any calculations of rebate. <br /> <br />2. Commingled Fund Allocations. By definition, a commingled fund means that the proceeds of any particular bond <br />issue have been deposited in a fund that contains amounts that are not part of that bond issue. It is common for issuers <br />to commingle bond proceeds with either operating revenues or other bond proceeds. The arbitrage regulations, while <br />4 <br />