Agmt06 Bartle Wells - Financial Consulting

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BARTLE WELLS ASSOCIATES - Four Decades of Experience Bartle Wells Associates is an independent financial advisor to public agencies with expertise in water and wastewater rates and finance. Our firm was established in 1964 and is owned and managed by its principal consultants. We have over 40 years of experience advising local governments on the complexities and challenges in public fmance. We have advised over 400 public agency clients in the western United States and completed over 2,500 assignments. We have the diversity of experience and distinctive abilities to evaluate all types offmancial issues faced by local governments and to recommend the best and most-practical solutions. Bartle Wells Associates has a stable, well-qualified professional team. Our education and backgrounds include finance, civil engineering, business, public administration, and economics. The firm is owned and managed by three principal consultants who have been with the firm for many years - Doug Dove, Tom Gaffney, and Reed Schmidt. Bartle Wells Associates specializes in three professional services: PROFESSIONAL SERVICES utility rate & fee studies, financial plans, and project financing. . Rate & Fee Studies Weare the only independent financial advisor providing all three . Financial Plans services to public agencies. . Project Financing Our rate andfee studies employ a cost-of-service approach and are designed to maintain the long-term fmancial health of a utility enterprise while being fair to all customers. We develop practical recommendations that are easy to implement and often phase in rate adjustments over time to minimize the impact on ratepayers. We also have extensive experience developing impact fees that equitably recover the costs of infrastructure required to serve new development. BW A has completed hundreds of water, wastewater, and recycled water rate and fee studies. Weare familiar with virtually every type of water and sewer rate structure and are knowledgeable about the legal requirements governing water and sewer rates and connection fees. We develop clear, effective presentations and have represented cities and special districts at hundreds of public hearings to build consensus and public acceptance for our recommendations. Our financial plans provide agencies with a flexible roadmap for funding long-term operating and capital needs. We evaluate the wide range of financing options available, develop a plan that recommends the best financing approach, and clearly identify the sources of revenue for funding projects and repaying any debt. We also help agencies develop prudent financial policies, such as fund reserve targets, to support sound financial management. BW A has developed over 1,000 water and wastewater enterprise financing plans to help public agencies fund their operating and capital programs and maintain long-term financial health. Our project financing experience includes over 300 bond sales and numerous state and federal grants and loans. Our competitive marketing techniques and official statements have set the highest standards in public finance for over 40 years. We generally recommend issuing debt via a competitive sale process to achieve the lowest interest rates possible. To date, we have helped California agencies obtain over $3 billion of project financing. We work only for public agencies; we are independent financial advisors and do not buy, trade, or resell bonds. Our work is concentrated on providing independent advice which enables our clients to finance their projects on the most favorable terms-lowest interest rates, smallest issue size, and greatest flexibility. Bartle Wells Associates is a charter member of the National Association ofIndependent Public Finance Advisors (NAIPF A), which establishes strict criteria for independent advisory firms. All of our consultants are Certified Independent Public Finance Advisors (CIPFAs). Bartle Wells Associates is committed to providing value and the best advice to our clients. Our strength is quality-the quality of advice, service, and work we do for all our clients I _. .-..