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REV: 11-22-23 MI <br />Discussion with City staff. <br />6. File IRS Payment and Refund Requests <br />Supply completed IRS forms relating to arbitrage rebate payments and refund <br />requests. Provide specific filing instructions and consultation regarding the <br />possible consequences of the refund request. <br />Prompt arbitrage rebate payment demonstrates a willingness to comply with <br />the regulatory authority of the IRS. Being prepared for the questions that may <br />follow filings demonstrates attention to the long-term duties associated with <br />issuing tax-exempt debt. <br />As needed. <br />Completed IRS Payment and Refund Request Forms, with accompanying <br />instructions. <br />7. Monitor Regulatory Enhancement and Enforcement Actions <br />Consultant will help City staff stay abreast of regulatory interpretation and <br />enforcement, ensuring the content of the rebate reports does not grow stale. <br />Consultant requires analyst staff to participate in yearly continuing education <br />events and encourages discussion of current regulatory interpretation with <br />clients. Depending upon the circumstances, Consultant can recommend <br />procedural and documentation changes and help train staff. <br />Ongoing. <br />Audit assistance. <br />8. Acknowledgements <br />The City uses the services of one or more municipal advisors registered with <br />the U.S. Securities and Exchange Commission (“SEC”) to advise it in <br />connection with municipal financial products and the issuance of municipal <br />securities; <br />The City is not looking to Consultant to provide, and City shall not otherwise <br />request or require Consultant to provide, any advice or recommendations with <br />respect to municipal financial products or the issuance of municipal securities <br />(including any advice or recommendations with respect to the structure, timing, <br />terms, and other similar matters concerning such financial products or issues); <br />The provisions of the services to be provided hereunder are not intended (and <br />shall not be construed) to constitute or include any municipal advisory services <br />within the meaning of Section 15B of the U.S. Securities Exchange Act of 1934, <br />as amended (the “Exchange Act”), and the rules and regulations adopted <br />thereunder; <br />For the avoidance of doubt and without limiting the foregoing, in connection <br />with any revenue projections, cash-flow analyses, feasibility studies and/or <br />other analyses Consultant may provide the City with respect to financial, <br />ATTY/AGR.2023.232/Willdan Financial Services (Willdan Financial Services) (Page 20 of 22)