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• Market Analysis <br /> In order to appropriately advise the City on the establishment of a desirable sale date and to <br /> keep the City abreast of the cost of the financing plan under development, WM Financial <br /> Strategies shall monitor the following: <br /> • The general condition and trends in the economy. <br /> • The condition of capital markets including the imposition of any unusual restraints on <br /> monetary supply by the Federal Reserve System. <br /> i <br /> • The status of recently sold municipal issues. <br /> • The supply of issues coining to market. <br /> i <br /> 3 <br /> • Acquisition of Escrow Securities <br /> WM Financial Strategies shall determine the type of securities to be acquired and deposited <br /> in the escrow account and arrange for their acquisition. For refunding transactions, the <br /> securities generally consist of State and Local Government Securities which are acquired <br /> directly from the United States Treasury and were designed for tax-exempt issuers. WM <br /> Financial Strategies is an authorized agent for ordering the securities through SLGSafe, the <br /> Bureau of Public debt's required internet system. No commissions or other fees will be <br /> charged for the acquisition of securities. <br /> • Mathematical Computations <br /> WM Financial Strategies will prepare maturity schedules and other schedules showing <br /> mathematical results including the source and disbursement of funds, yield calculations, <br /> savings and escrow account calculations. These schedules will be prepared using the <br /> computer systems and pro p rieta ry software maintained b y WM Financial Strate gies. Te l <br /> schedules will be updated from time to time to reflect changes in market conditions. <br /> b <br /> • CPA Verification <br /> s <br /> WM Financial Strategies will prepare a request for proposal for selection of a Certified i <br /> Public Account to perform verification of mathematical computations as required for <br /> advance refunding transactions. <br /> • Attendance at Meetings <br /> 9 <br /> t <br /> WM Financial Strategies shall attend meetings to explain the progress of the transaction and <br /> the various documents to be adopted by the City. <br /> • Closing Services <br /> e <br /> WM Financial Strategies will provide services required to effectuate the Certificates closing. <br /> including assisting with the establishment of the Certificates accounts, transfer of funds at <br /> the time of the Certificate closing,and obtaining CUSIP identification numbers. t <br /> I <br /> `s <br />