HomeMy WebLinkAbout03.17.20
AGENDA
Special City Council Meeting
Tuesday, March 17, 2020
Lorraine H. Morton Civic Center, James C. Lytle City Council Chambers, Room 2800
6:00 PM
Page
(I) ROLL CALL - BEGIN WITH ALDERMAN RAINEY
(II) MAYOR PUBLIC ANNOUNCEMENTS AND PROCLAMATIONS
(III) CITY MANAGER PUBLIC ANNOUNCEMENTS
(IV) COMMUNICATIONS: CITY CLERK
Page 1 of 85
(V) PUBLIC COMMENT
Members of the public are welcome to speak at City Council meetings.
As part of the Council agenda, a period for public comments shall be
offered at the commencement of each regular Council meeting. Public
comments will be noted in the City Council Minutes and become part of
the official record. Those wishing to speak should sign their name and
the agenda item or non-agenda topic to be addressed on a designated
participation sheet. If there are five or fewer speakers, fifteen minutes
shall be provided for Public Comment. If there are more than five
speakers, a period of forty-five minutes shall be provided for all
comment, and no individual shall speak longer than three minutes. The
Mayor will allocate time among the speakers to ensure that Public
Comment does not exceed forty-five minutes. The business of the City
Council shall commence forty-five minutes after the beginning of Public
Comment. Aldermen do not respond during Public Comment. Public
Comment is intended to foster dialogue in a respectful and civil manner.
Public comments are requested to be made with these guidelines in
mind.
(VI) PUBLIC INPUT ON THE DRAFT 2019 CONSOLIDATED ANNUAL
PERFORMANCE EVALUATION REPORT (CAPER)
(VII) SPECIAL ORDERS OF BUSINESS
SP1.
Approval of the 2019 Consolidated Annual Performance Evaluation
Report for the City's Community Development Block Grant, HOME
Investment Partnerships, and Emergency Solutions Grant
Programs
Staff recommends City Council approval of the 2019 Consolidated
Annual Performance and Evaluation Report (CAPER). The CAPER is
posted on the City website at cityofevanston/caper. The CAPER must
be submitted to the Chicago Field Office of the U.S. Department of
Housing and Urban Development by March 31, 2020.
For Action
Approval of the 2019 Consolidated Annual Performance Evaluation
Report
5 - 6
Page 2 of 85
SP2.
Approval of Allocation of Additional FY 2020 Community
Development Block Grant Funding for 2020 Action Plan
Staff recommends City Council approval of the proposed increases of
Community Development Block Grant (CDBG) funding for CDBG
Administration, Family Focus, Graffiti Removal, Summer Youth
Employment, Certificate of Rehab, and Target Area Code Enforcement,
as well as returning additional loan repayments to the Revolving Loan
fund for 2020 rehab projects and allocating funding for the Alley
Special Assessment Assistance program. CDBG funding is from the
U.S. Department of Housing and Urban Development. The City’s actual
2020 CDBG grant, combined with 2019 repayments to the Revolving
Loan fund, 2019 program income and unspent CDBG funds from prior
years, total $2,009,968, giving the Committee $196,159 more CDBG
funding than the estimate used to make allocations in December 2019
for the draft 2020 Action Plan.
For Action
Approval of Allocation of Additional FY 2020 Community Development
Block Grant Funding for 2020 Action Plan
7 - 12
SP3.
Approval of 2020 Mental Health Board Funding Allocations
The Human Services Committee, Mental Health Board (MHB) and staff
recommend that City Council approve the proposed allocation of
$763,373 in FY 2020 to 19 non-profit agencies to provide needed social
services to Evanston residents. Allocations range from $8,910 to
$78,586 for 21 individual programs. Alloca tions will be disbursed from
the Human Services Fund (Account 176.24.4651) with separate object
codes to identify and disburse funds.
For Action
2020 Mental Health Board Funding Allocations
13 - 15
SP4.
Approval of Contract with Speer Financial, Inc. for Financial
Advisor Services (RFP 20-11)
Staff recommends City Council authorize the City Manager to execute a
four-year contract with Speer Financial, Inc. (1 North LaSalle Street,
Suite 4100, Chicago, IL 60602) for financial advisor services at the rate
of $1.50 per $1,000 of bonds issued. The cost of the financial advisor
along with other bond issuance cost has traditionally been funded out of
bond proceeds.
For Action
Approval of Contract with Speer Financial, Inc. for Financial Advisor
Services (RFP 20-11)
16 - 73
Page 3 of 85
SP5.
Resolution 27-R-20, Authorizing the City Manager to Pay Bills,
Fund Payroll and Pay Credit Card Invoices for the Period of March
16, 2020 through May 8, 2020
Staff recommends City Council adoption of Resolution 27-R-20,
authorizing the City Manager to pay bills, fund payroll and pay City credit
card invoices for the period of March 16, 2020 to May 8, 2020.
For Action
Resolution 27-R-20, Authorizing the City Manager to Pay Bills, Fund
Payroll and Pay Credit Card Invoices
74 - 76
SP6.
Resolution 28-R-20, "Delaying the Due Date of Certain Payments to
the City of Evanston and Delaying Certain Enforcement Measures
by the City of Evanston by Sixty Days"
Staff recommends City Council adoption of Resolution 28-R-20,
delaying the due date of certain payments to the City of Evanston and
delaying certain enforcement measures by the City of Evanston by sixty
days.
For Action
Resolution R-28-20, Delaying the Due Date of Certain Payments to the
City of Evanston and Delaying Certain Enforcement Measures by the
City of Evanston by Sixty Days
77 - 82
SP7.
Ordinance 48-O-20, Amending City Code Title 3, Chapter 4, Section
2, to Add Emergency Powers of the Liquor Commissioner
Staff recommends City Council adoption of Ordinance 48 -O-20, which
amends the City Liquor Code to permit the Liquor Commissioner to
suspend or provide lesser restrictions to the license requirements for
City Liquor License holders. Mayor Hagerty requests suspension of the
rules for introduction and action at the March 17, 2020 Special City
Council meeting.
For Introduction and Action
Ordinance 48-O-20, Amending City Code Title 3, Chapter 4, Section 2,
to Add Emergency Powers of the Liquor Commissioner
83 - 85
(VIII) CALL OF THE WARDS
(Aldermen shall be called upon by the Mayor to announce or provide
information about any Ward or City matter which an Alderman desires to
bring before the Council.) {Council Rule 2.1(10)}
(IX) EXECUTIVE SESSION
(X) ADJOURNMENT
Page 4 of 85
Memorandum
To: Honorable Mayor and Members of the City Council
From: Sarah Flax, Housing & Grants Administrator
CC: Johanna Leonard, Community Development Director; Jessica
Wingader, Grants and Compliance Specialist
Subject: Approval of the 2019 Consolidated Annual Performance Evaluation
Report for the City's Community Development Block Grant, HOME
Investment Partnerships, and Emergency Solutions Grant Programs
Date: March 17, 2020
Recommended Action:
Staff recommends City Council approval of the 2019 Consolidated Annual Performance and
Evaluation at website City the on is CAPER The (CAPER). Report posted
cityofevanston/caper. The CAPER must be submitted to the Chicago Field Office of the U.S.
Department of Housing and Urban Development by March 31, 2020.
Council Action:
For Action
Summary:
The Consolidated Annual Performance and Evaluation Report (CAPER) reviews how the City
of Evanston used federal entitlement funds provided by the U.S. Department of Housing and
Urban Development (HUD) to implement programs and projects that addressed community
needs successfully during the 2019 program year (January 1 to December 31, 2019).
Evanston received $2,310,379 in HUD entitlement funds in FY2019:
• $1,803,432 in Community Development Block Grant (CDBG)
• $355,216 in HOME Investment Partnerships (HOME)
• $151,731 in Emergency Solutions Grant (ESG) funds
Together with unexpended CDBG and HOME funds from prior years, plus program income,
the City spent a total of $2,351,305 in the 2019 program year. All programs and projects
funded in 2019 addressed strategic priorities identified in the City’s 2015-2019 Consolidated
Plan and in the 2019 One Year Action Plan. The City met HUD requirements for both
commitment and expenditure of CDBG, HOME and ESG funds in 2019.
SP1.Page 5 of 85
2019 was the fifth and final year of the five -year 2015-2019 Consolidated Plan; the City
received access to funds in August. Due to the late release of funds, the City is working
tocomplete the street resurfacing and alley paving projects funded in 2019. The fence and
gate replacement project at Clyde-Brummel Park substantially completed but for final
inspections and billing in addition to the gross motor play space for Infant Welfare Society.
Additionally, the HVAC project for Toddler Town, the HVAC project for Reba Early Learning
Center, and the safety door and gutter replacement project for CJE SeniorLife completed this
past year. The City of Evanston obligated its 2019 CDBG entitlement, program income and
reallocated dollars from projects completed in prior years to fund programs and projects in
the categories of Housing, Public Services, Public Infrastructure and Facilities and Economic
Development. HOME funding was used for Tenant -Based Rental Assistance. Two agencies
received ESG prto funding to assistance rental and services shelter, ovide essential
homeless individuals and families.
The public comment period on the CAPER opened on March 2 and will close March 17,
2020, following any comment received at the March 17 City Council Meeting. To date, the
City has received no public comment. All public comment received subsequent to this memo
will be included in the final version of the CAPER that is submitted to HUD, following the
Citizen Participation Plan in the 2014-2019 Consolidated Plan.
Legislative History:
Page 2 of 2
SP1.Page 6 of 85
Memorandum
To: Honorable Mayor and Members of the City Council
From: Sarah Flax, Housing & Grants Administrator
CC: Johanna Leonard, Community Development Director; Jessica
Wingader, Senior Grants & Compliance Specialist
Subject: Approval of Allocation of Additional FY 2020 Community Development
Block Grant Funding for 2020 Action Plan
Date: March 17, 2020
Recommended Action:
Staff Community increases proposed the of approval Council City recommends of
Development Block Grant (CDBG) funding for CDBG Administration, Family Focus, Graffiti
Removal, Code Area Target and Rehab, Certificate Employment, Youth Summer of
Enforcement, as well as returning additional loan repayments to the Revolving Loan fund for
2020 rehab projects and allocating funding for the Alley Special Assessment Assistance
program.
Funding Source:
CDBG funding is from the U.S. Department of Housing and Urban Development. The City’s
actual 2020 CDBG grant, combined with 2019 repayments to the Revolving Loan fund, 2019
program income and unspent CDBG funds from prior years, total $2,009,968, giving the
Committee $196,159 more CDBG funding than the estimate used to make allocations in
December 2019 for the draft 2020 Action Plan.
Council Action:
For Action
Summary:
The U.S. Department of Housing & Urban Development released the 2020 Federal grant
allocations for Entitlement Grantees on February 18, 2020. City of Evanston CDBG, HOME
and ESG grants for 2020 are all increasing from 2019, as shown below.
SP2.Page 7 of 85
City Council will allocate the additional CDBG funds to specific activities, and staff will
incorporate those allocations in the 2020 Action Plan. That plan will then be submitted to City
Council for approval on April 13, 2020, before its submission to HUD.
The attached spreadsheet shows two alternatives to allocate the additional CDBG funding
received for 2020 in the columns to the right of the allocations made by the Housing and
Community development Act Committee on December 17, 2019. The staff recomm endation
is contained int he far right column. The alternative includes funding for Reba Early Learning
Center in 2020, the second defers that project until 2021.
In both alternatives, CDBG Administration is increased to $337,263, which is under the 20%
of the actual grant allowed by HUD for this category, for grant management and compliance,
and the final payment for the Assessment of Fair Housing of $7,078.12.
In the staff recommendation,$30,000 is allocated for the Alley Special Assessment
Assistance (ASAA) program. This program relieves the financial burden of paying for
infrastructure improvements for homeowners with incomes ≤80% AMI whose alleys have
been paved through 50/50 cost sharing. Applicants are typically senior households living on
fixed incomes. ASAA funding was depleted by an application submitted in December 2019,
and it is anticipated that the assessments for two alleys, one paved in 2018 and one in 2019,
will be finalized in 2020. Based on the percentage of low/mod residents of the s ervice areas
for these alleys, staff estimates 4-5 households could qualify for assistance. The assessment
for the alley paved in 2018 is $6,660, and $8,700 for the 2019 alley.
The increase in funding provides an additional $29,424 for Public Services. Staff
recommends increasing allocations for Family Focus following the Committee’s plan stated at
the December allocation meeting. Increases are also recommended for Graffiti Removal,
Summer Youth Employment, and Certificate of Rehab. These three City act ivities were
funded substantially below their requests and their 2019 funding level in the December
allocation. Increased funding brings them in line with funding for external applicants and
helps offset costs to the General Fund for these important programs.
Staff also recommends increasing funding for Targeted Code Enforcement to $366,183 from
$208,858. This activity funds salaries of Property Standards inspectors for work in the CDBG
Target Area to maintain the quality of rental housing for low/moderat e income residents and
was funded at 56% of its 2019 level. Increasing funding addresses a high need in the
Consolidated Plan and reduces the amount of CDBG -eligible expenses charged to the
General Fund.
Page 2 of 6
SP2.Page 8 of 85
Additionally, it is recommended that actual CDBG Loan Repayments totaling $104,641 be
returned to the Revolving Loan Fund, increasing funding for rehab projects by $11,528.
The alternate allocation that includes funding for Reba Early Learning Center (RELC) is
provided consideration. Council City for Community and Housing December, the In
Development Committee agreed to consider CDBG funding for RELC in two phases because
their proposed scope of work did not include replacing the lead service line from the water
main to the building; it replaced all the interior piping and fixtures only. At the December
meeting, the committee approved the use of $7,500 of unexpended CDBG funding that had
been allocated to RELC in 2017, but was insufficient to rehab its bathrooms to improve
accessibility. This first phase of work to replace the lead water service line at the north end of
the building with copper is being be funded from the 2017 CDBG grant that also provided
$36,220 of CDBG for the replacement of RELC's HVAC units. This work will be undertaken in
April when the center is closed for spring break. The second phase of the project, replacing
the interior hot and cold water piping (galvanized) with copper from the north water service to
all water fixtures in the facility, and renovating the two bathrooms to impr ove accessibility,
would be considered if the City’s 2020 grant amount was larger than estimated or could be
submitted as a 2021 CDBG application. See attached memo. This second phase is estimated
at $140,000. If the committee were to fund this out of the additional 2020 CDBG funds,
additional Enforcement Special Alley for or Code not available be would funding for
Assessment Assistance.
These proposed changes do not trigger a substantial amendment to the draft 2020 Action
Plan, which the Committee approved at its meeting in December 2019. Alley Special
Assessment Infrastructure Street/Alley as and Assistance Public into falls Facilities
Improvements. Following the Committee’s allocation of the additional funds, the draft 2020 -
2024 Consolidate Plan and 2020 Action Plan will be updated and submitted to City Council
for approval on April 13 before being submitted to HUD. HUD has 45 days to r eview and
approve before grant agreements are executed and funds are released.
Legislative History:
The Housing and Community Development Act Committee approved the draft 2020 -2024
Consolidated Plan and draft 2020 Action Plan that were developed based on an estimated
2020 CDBG grant at its meeting on December 17, 2019. Those plans must be updated using
the 2020final the approve may Council that so grant CDBG 2020 actual City -2024
Consolidated Plan and 2020 Action Plan prior to its submission to HUD. HUD has 45 days to
review those plans before approval and release of the City's 2020 entitlement funds.
Attachments:
HCDA 2020 CDBG Allocation Spreadsheet-actual grant amount
Reba Lead and Accessibility memo
Page 3 of 6
SP2.Page 9 of 85
2020 Request
12/17/19 Committee
Allocations
3/17/20 Allocations
including Reba Early
Learning Center
3/17/20 Allocations
w/Code Enforce.
Increase & Alley
Special Assess.
Assist.
2,794,603$ 1,813,809$ 2,009,968$ 2,009,968$
1,813,809$ 1,813,809$ 2,009,968$ 2,009,968$
980,794$ -$ -$ -$
Program/Project Name 2019 Allocation 2020 Request
Committee
Recommendation
% of
Request Staff Recommendation
% of
Request
Staff
Recommendation
% of
Request
Administration - 20% cap
City/CDBG Administration & Planning (20% of grant)360,686$ 330,000$ 330,000$ 100%337,263$ 100%337,263$ 92%
Administration Subtotal 360,686$ 330,000$ 330,000$ 100%337,263$ 337,263$
Spending cap (20% of entitlement)330,000$ 330,000$ 367,263$ 367,263$
Amount over (under) cap -$ -$ (30,000)$ (30,000)$
Public Services - 15% cap
Family Focus/The Future Focus-Youth Program 11,400$ $ 25,000 15,000$ 60%20,000$ 80%20,000$ 80%
Open Studio Project/Art and Action 4,800$ $ 15,000 4,000$ 27%4,000$ 27%4,000$ 27%
Evanston Scholars/College Readiness 11,200$ 35,000$ 15,000$ 43%15,000$ 43%15,000$ 43%
Youth Job Center/Youth Employment Programs 27,399$ $ 50,000 23,338$ 47%23,338$ 47%23,338$ 47%
Moran Center/Legal & Social Services 20,400$ $ 36,000 26,000$ 72%26,000$ 72%26,000$ 72%
Impact Behavioral Health/Employment Services 13,000$ $ 20,000 10,000$ 50%10,000$ 50%10,000$ 50%
Shore Community Services/Koenig training Center 7,500$ $ 20,000 5,000$ 25%5,000$ 25%5,000$ 25%
The Harbour/Emergency Shelter 5,200$ $ 5,200 0%0%
Books and Breakfast/Morning Program 5,620$ 15,000$ 12,000$ 80%12,000$ 80%12,000$ 80%
Girl Scouts of GC&NWI/5,500$ 12,000$ 7,000$ 58%7,000$ 58%7,000$ 58%
North Shore Senior Center/Grandparents Raising
Grandchildren
8,600$ 10,000$ 8,500$ 85%8,500$ 43%8,500$ 85%
Meals on Wheels/Preventing Hunger & Malnutrition 14,200$ $ 20,000 14,000$ 70%14,000$ 56%14,000$ 70%
Interfaith Action/Emergency Overnight Shelter 15,020$ 25,000$ 19,000$ 76%19,000$ 76%19,000$ 76%
YWCA Evanston-NS/Domestic Violence Services 35,000$ $ 35,000 29,000$ 83%29,000$ 83%29,000$ 83%
Connections for the Homeless/Drop In Program 25,000$ $ 25,000 19,000$ 76%19,000$ 76%19,000$ 76%
Center of Concern/Homeless Prevention -$ $ 12,500 0%0%
City/Target Area Graffiti Removal 37,000$ $ 50,000 18,000$ 36%37,576$ 75%37,576$ 75%
City/Summer Youth Employment Program 20,400$ $ 25,000 18,000$ 72%20,000$ 80%20,000$ 80%
City/Certificate of Rehab & Record Sealing 23,000$ $ 30,000 19,000$ 63%21,848$ 73%21,848$ 73%
Public Services Subtotal $ 290,239 $ 465,700 $ 261,838 56% $ 291,262 291,262$ 63%
Spending cap (15% of entitlement +RL+PI) $ 261,838 $ 261,838 291,262$ 291,262$
Amount over (under) cap 203,862$ (0)$ 0$ 0$
Housing
City/Housing Rehab Administration 200,000$ $ 225,000 200,000$ 89%200,000$ 89%200,000$ 89%
Housing Rehab Loan Repayments 117,150$ 93,113$ 93,113$ 100%104,641$ 112%104,641$ 112%
Housing Subtotal 447,190$ $ 318,113 293,113$ 92%304,641$ 96%304,641$ 96%
Code Enforcement
City/CDBG Target Area Code Enforcement 375,000$ $ 380,000 208,858$ 55%216,802$ 57%326,802$ 86%
Code Enforcement Subtotal 375,000$ 380,000$ 208,858$ 55%216,802$ 326,802$ 86%
Public Facilities & Infrastructure
CJE Senior Life/ADS Upgrade Project 23,387$ $ 25,790 20,000$ 78%20,000$ 78%20,000$ 78%
Reba Early Learning Center/Accessibility & Lead
Reduction
-$ $ 140,000 -$ 0%140,000$ -$ 0%
City /Alley Special Assessment Assistance -$ 30,000$ NA
City/Butler Park Drainage & Lighting -$ 400,000$ 300,000$ 75%300,000$ 75%300,000$ 75%
City/Alley Paving-N Nathaniel-E McDaniel -$ $ 260,000 -$ 0%-$ 0%-$ 0%
City/Alley Paving-N Dempster-E Dewey 383,374$ $ 400,000 400,000$ 100%400,000$ 100%400,000$ 100%
Public Facilities & Infrastructure Subtotal $ 406,761 $ 1,225,790 $ 720,000 59% $ 860,000 750,000$ 61%
Economic Development
City/Economic Development Projects -$ $ 75,000 75,000$ 100%75,000$ 100%75,000$ 100%
Economic Development Subtotal -$ 75,000$ 75,000$ 100%75,000$ 75,000$ 100%
Totals 2,794,603$ 1,813,809$ 2,009,968$ 2,009,968$
Total Estimated Funds Available 1,813,809$ 1,813,809$ 2,009,968$ 2,009,968$
Estimated To Be Cut:980,794$ -$ -$ -$
Funds Available:Est 11/22/2019 Actual TBD Actual Grant
2020 CDBG Grant (est 9% under grant of $1,803,432)1,650,000$ 1,836,315$ 1,836,315$
95,290$ 104,641$ 104,641$
2019 Program Income-estimated 297$ 790$ 790$
Unspent Prior Years Funds for Reallocation 68,222$ 68,222$ 68,222$
Total Available Funds:1,813,809$ 2,009,968$ 2,009,968$
2019 Revolving Loan repayments-estimated
Page 4 of 6
SP2.Page 10 of 85
To: Housing & Community Development Act Committee
From: Lara Biggs, Capital Planning Bureau Chief
Sarah Flax, Housing and Grants Manager
Scott Williams, Housing Rehab Specialist
Subject: Reba Early Childcare Center Lead & Accessibility Assessmen t
Date: December 17, 2019
Recommendation:
Staff recommends breaking the Reba Early Learning Center (RELC) CDBG project to
address lead in the water and make their restrooms accessible into two phases. The
first phase, replacement of the lead service line from the water main under Custer
Avenue that provides service to the north end of the building with copper, could be
undertaken immediately using unexpended funds from Reba’s 2017 CDBG allocation.
Estimated cost:
Excavation and replacement of 1” lead service with 1.5”
copper from street main to building (approx. 60’), tie in to
existing piping, and restoration of street and parking lot $9,500
ROW and building permits (winter rate) $1,600
Contingency $ 400
Total: $11,500
The second phase would include replacing the interior hot and cold water piping
(galvanized) with copper from the north water service to all water fixtures in the facility,
and renovating the two bathrooms to improve accessibility. RELC has architectural
plans for the bathroom renovations, an estimate for the bathroom renovations, and a
separate estimate for replacing the interior piping that does not include costs for
restoring drywall that would be disturbed. Estimates for the total scope of work in the
second phase by a single contractor would be obtained to ensure that new water piping
and waste lines are located appropriately for the new bathroom fixtures, and that drywall
removed to install new copper water lines would be replaced. In addition, new water
efficient fixtures would be installed as needed to reduce water consumption, and the
south service line would be terminated.
Discussion:
RELC’s proposed scope of work does not adequately address potential sources of lead.
It includes replacement of internal galvanized piping but does not address the lead
Memorandum
Page 5 of 6
SP2.Page 11 of 85
Page 2
service lines from the mains to the building. Both service lines are lead, but the south
service line is connected to an unimproved water main that is over 110 years old,
whereas the main on Custer was upgraded in 2007 and the City portion of Reba’s north
service line has been upgraded to copper. Upgrading the remaining section of the north
service line immediately removes the largest potential source of lead. If followed by
replacing the internal galvanized piping, which could have lead solder, replacing old
fixtures, and terminating the south water line, lead sources are effectively removed
from the water system at RELC.
The second phase of work would have to be done in August, when children are not
present. Bids could be obtained to determine the total cost for this phase in the first
quarter of 2020. If our CDBG grant is larger than estimated, the Committee could
prioritize this project for funding. If additional funds are not received, th e second phase
could be submitted for 2021 funding. Bottled water or water carried from the north
service line fixtures would continue to be used for classrooms served by the south water
line until both phases of work are completed.
This follows the DCFS process of developing a mitigation plan, including immediate and
long-term actions, for any sources with results indicating 2.01 ppb or more lead present
in the water.
The highest lead level found in DCFS testing was 4.44 ppb from Green Room 1, which
is served by the south water line; two others were 2.68 ppb and 2.52.
DCFS lead threshold is 2.1 ppb; EPA’s lead threshold is 5 ppb; the municipal threshold
is 15 ppb.
Page 6 of 6
SP2.Page 12 of 85
Memorandum
To: Honorable Mayor and Members of the City Council
CC: Members of the Mental Health Board
From: Jessica Wingader, Social Services Grants & Compliance Specialist
CC: Johanna Leonard, Community Development Director; Sarah Flax,
Housing & Grants Manager
Subject: Approval of 2020 Mental Health Board Funding Allocations
Date: March 23, 2020
Recommended Action:
The Human Services Committee, Mental Health Board (MHB) and staff recommend that City
Council approve the proposed allocation of $763,373 in FY 2020 to 19 non -profit agencies to
provide needed social services to Evanston residents. Allocations range from $8,910 to
$78,586 for 21 individual programs.
Funding Source:
Allocations will be disbursed from the Human Services Fund (Account 176.24.4651) with
separate object codes to identify and disburse funds.
Council Action:
For Action
Summary:
The MHB makes recommendations regarding use of City funds for grants to social services
agencies for programs and services that address priority needs of Evanston residents,
particularly at-risk residents. The MHB used the following criteria to prioritize programs and
services for 2020 funding:
• Programs and services that respond to mental health and substance abuse needs,
including crisis intervention and mental health promotion
• Programs and services that provide linkages to emergency or long term housing, case
management or nutritional services, to improve mental health
• Programs and services to enhance the mental health, empowerment and protection of
youth, seniors and families
• Programs and services that promote mental health, cultural diversity and social
inclusion for all, including refugees and immigrants
SP3.Page 13 of 85
The 2020 allocation timeline was pushed back to February 2020; historically allocation
recommendations happen prior to January. Two applicants, Learning Bridge and Infant
Welfare Society, did not submit applications in time to meet the deadline. The Mental Health
Board voted to accept the applications and allow the applicants to move forward with the
funding process. Although this delayed the timeline by several months, the grant period will
be January 1 - December 31, 2020 and agencies receiving MHB funds will be allowed to
submit program expenses incurred starting January 1, 2020.
Services Public CDBG with combined is to City for process application The funding
streamline the process for agencies, particularly th ose applying for both funding sources for
the same program, and to inform both the MHB and Housing and Community Development
Act (HCDA) Committee about the total funds requested from the City by external agencies,
whether for the same or different programs. The MHB had the 2020 CDBG draft allocations
made by the HCDA Committee on December 17, 2019, to consider when making funding
recommendations on February 20, 2020.
Legislative History:
Human all2020 the of approval Committee to voted Services recommend ocation
recommendations at its meeting on Monday, March 2, 2020; Mental Health Board voted to
recommend approval at its meeting on Thursday, February 20, 2020.
Attachments:
2020 MHB Allocation Recommendations
Page 2 of 3
SP3.Page 14 of 85
2020 Allocation Amount:
Agency/Program
2019 MHB
Request
2019 MHB
Award
2020 MHB
Request
Average
Cmt.
Score
W. Group
Recomm.
%of
2019
Award
% of
2020
Request
2020
Allocation
2020
Recomm. %
Books and Breakfast: Books and Breakfast $ 20,000 $ 9,996 $ 25,000 532.6 $ 25,000 250%100% $ 24,750 99%
Center for Independent Futures: Supporting Individuals 13,442$ 10,000$ 13,095$ 531.4 12,440$ 124%95%12,315$ 94%
CNE: Learning Together 40,000$ 33,600$ 50,000$ 534.9 47,500$ 141%95%47,025$ 94%
Connections for the Homeless: Outreach & Drop-In 70,000$ 56,000$ 60,000$ 545.0 60,000$ 107%100%59,400$ 99%
Family Focus: After School Program 35,000$ 33,600$ 40,000$ 563.2 40,000$ 119%100%39,600$ 99%
Impact Behavioral Health: Clinical Services 60,000$ 51,840$ 60,000$ 531.0 57,000$ 110%95%56,430$ 94%
Infant Welfare Society: Teen Baby Nursery 62,400$ 62,400$ 65,000$ 475.4 58,500$ 94%90%57,915$ 89%
Interfaith Action: Emergency Overnight Shelter 7,000$ 7,000$ 15,000$ 541.0 15,000$ 214%100%14,850$ 99%
James B. Moran Center: Legal & Social Services 48,000$ 39,360$ 50,000$ 551.0 50,000$ 127%100%49,500$ 99%
Learning Bridge: Mental Health Support 10,000$ 9,000$ 12,000$ 453.3 10,800$ 120%90%10,692$ 89%
Meals at Home 10,000$ 9,000$ 10,000$ 532.6 10,000$ 111%100%9,900$ 99%
Metropolitan Family Services: Family Support & Prevention 80,000$ 67,200$ 80,000$ 540.6 73,000$ 109%91%72,270$ 90%
NAMI Cook County: Family Support Services/Mental Illness -$ NA 15,000$ 464.0 -$ NA 0%-$ 0%
North Shore Senior Center: Social Services 35,000$ 25,920$ 35,000$ 518.9 31,500$ 122%90%31,185$ 89%
North Shore Senior Center: Behavioral Health 10,000$ 521.1 9,000$ NA 90%8,910$ 89%
Northwest CASA: Sexual Assault Prevention 20,000$ 19,000$ 19,000$ 548.6 19,000$ 100%100%18,810$ 99%
PEER Services 92,610$ 88,200$ 88,200$ 549.7 73,000$ 83%83%78,586$ 89%
Shore Community Services: Lois Lloyd 19,000$ 15,300$ 15,300$ 526.4 13,770$ 90%90%13,632$ 89%
Shore Community Services: Residential Services 22,000$ 20,000$ 22,000$ 520.0 19,800$ 99%90%19,602$ 89%
The Harbor: Safe Harbor Emergency Shelter 10,000$ 10,000$ 10,000$ 524.0 9,000$ 90%90%8,910$ 89%
Trilogy, Inc.: Evanston Mental health Care Coordinator 30,000$ 28,800$ 30,000$ 544.0 30,000$ 104%100%29,700$ 99%
YOU: Youth & Family Services 100,000$ 70,250$ 100,000$ 537.1 73,000$ 104%73%72,391$ 72%
City of Evanston - Estimated 2020 MHB Funding Allocation
$736,373 Amount Allocated:
Funds Remaining:
736,373$
$0Page 3 of 3SP3.Page 15 of 85
Memorandum
To: Honorable Mayor and Members of the City Council
CC: Members of Administration and Public Works Committee
From: Hitesh Desai, Chief Financial Officer
Subject: Approval of Contract with Speer Financial, Inc. for Financial Advisor
Services (RFP 20-11)
Date: March 17, 2020
Recommended Action:
Staff recommends City Council authorize the City Manager to execute a four -year contract
with Speer Financial, Inc. (1 North LaSalle Street, Suite 4100, Chicago, IL 60602) for financial
advisor services at the rate of $1.50 per $1,000 of bonds issued.
Funding Source:
The cost of the financial advisor along with other bond issuance cost has traditionally been
funded out of bond proceeds.
Council Action:
For Action
Summary:
The City issued a Request for Proposals (RFP 20-11) for Financial Advisor Services on
January 23, 2020. The deadline for submissions was February 18, 2020. The desired
contract term is for a period of four years with two additional one -year options to renew. The
City has most recently had a contract for this service with PFM Financial Advisors from 2015
through 2019.
The City received four bids from the following vendors (listed in alphabetical order):
1. PFM Financial Advisors, LLC – 190 South LaSalle Street, Suite 2000, Chicago, IL
60603
2. PMA Securities, LLC – 2135 CityGate Lane, 7th Floor, Naperville, IL 60563
3. Speer Financial, Inc. – 1 North LaSalle Street, Suite 4100, Chicago, IL 60602
4. Stern Brothers & Co. – 1603 Orrington Avenue, Suite 600, Evanston, IL 60201
All of the firms submitted complete proposals and were deemed to be qualified to provide the
services offered and have multiple clients in the Chicago region. All firms also have shown a
commitment to fulfilling the City’s M/W/EBE requirements either by being a certified M/W/EBE
SP4.Page 16 of 85
firm or subcontracting with a certified M/W/EBE firm to perform at least 25% of the awarded
contract.
A summary of the fees and other information for each firm are highlighted below.
PFM Financial PMA Securities Speer
Financial Stern Brothers
Fees $15,000 per
bond series
$20,000 per
bond series for
four years;
$24,000 per
series for 2
optional years
$1.50 per
$1,000 of bonds
sold
$15,000 per
bond
Local Clients
Oak Lawn,
Cook County,
State of Illinois,
City of Chicago,
Chicago Public
Schools,
Chicago Park
District
Mount Prospect,
Crystal Lake,
Country Club
Hills,
Bollingbrook
Arlington
Heights, Aurora,
Joliet, Peoria,
Skokie,
Northbrook,
Naperville,
Schaumburg
Skokie Park
District,
Rosemont Park
District, Geneva
Library,
Northfield,
Wheaton
Location
National Firm
with Chicago
Office
Naperville and
Milwaukee
Offices
Chicago Office St. Louis Based,
Evanston Office
M/W/EBE
Independent
Public Advisors;
MBE and WBE;
25% share
Independent
Public Advisors,
MBE and WBE;
25% share
Sycamore
Advisors; WBE;
33% share
Stern Brothers
is a WBE firm
Because of the difference in fee structure between the firms, staff estimated annual fee
amounts using reasonable assumptions for bond amounts over four year of the contract plus
two optional extension years. The estimated bond amounts are shown in millions of dollars.
Estimated Bond Amounts
Year CIP Bond Refunding
Bond TIF Bond Total Bond
Amount
Count of
Issues
2020 $10 million - - $10 million 1
2021 $15 million $10 million $4.3 million $29.3
million 3
2022 $10 million $6 million - $16 million 2
2023 $10 million $9.1 million - $19.1
million 2
2024 (option) $10 million $7 million - $17 million 2
2025 (option) $10 million $7.6 million - $17.6
million 2
Using these bond amounts, the annual and total fees for each proposal are shown below.
Page 2 of 58
SP4.Page 17 of 85
Estimated Fees
Year PFM Financial PMA Securities Speer Financial Stern Brothers
2020 $15,000 $20,000 $15,000 $15,000
2021 $45,000 $60,000 $43,950 $45,000
2022 $30,000 $40,000 $24,000 $30,000
2023 $30,000 $40,000 $28,650 $30,000
2024 (option) $30,000 $40,000 $25,500 $30,000
2025 (option) $30,000 $40,000 $26,400 $30,000
Total Estimate $180,000 $240,000 $163,500 $180,000
Because the City intends to issue more than one bond series annually for the term of the
contract, the pricing model from Speer Financial offers the lowest total fees over the life of the
contract. Speer is also a highly qualified firm for this service, with over 200 municipal clients
in Illinois. Based on these factors, staff recommends entering a contract with Speer
Financial, Inc. for financial advisor services.
Attachments:
Speer Financial - Financial Advisor Proposal - City of Evanston 20-11
MWEBE Memo for City of Evanston Contract with Speer Financial, Inc. for Financial Advisor
Services (RFP 20-11)
Page 3 of 58
SP4.Page 18 of 85
February 18, 2020
Financial Advisor Services
Proposal
Presented to:
Page 4 of 58
SP4.Page 19 of 85
Table of Contents
Proposal Content Page
Cover Letter .....................................................................................................................1
B. Qualifications and Experience of Firm and/or Team ....................................................2
C. Area/Regional Manager(s) ..........................................................................................7
D. Fees .............................................................................................................................8
E. Contract .......................................................................................................................8
5.0 Additional Submission Requirements ........................................................................8
6.0 M/W/EBE Goals .........................................................................................................9
Appendices to Proposal
Appendix A- Fee/Cost Form
Appendix B - Client Sales of Securities
Appendix C - M/W/EBE Utilization
Appendix D - Required Forms
Page 5 of 58
SP4.Page 20 of 85
Speer Financial, Inc.
INDEPENDENT MUNICIPAL ADVISORS
SUITE 4100 • ONE NORTH LASALLE STREET • CHICAGO, ILLINOIS 60602 • (312) 346-3700 • FAX (312) 346-8833
SUITE 608 • 531 COMMERCIAL STREET • WATERLOO, IOWA 50701 • (319) 291-2077 • FAX (319) 291-8628
ESTABLISHED 1954
KEVIN DANIEL RAPHALIATA MAGGIE ANTHONY LARRY MARK
McCANNA FORBES McKENZIE BURGER MICELI BURGER JERETINA
Chairman President Senior VP Senior VP Senior VP Vice President Vice President
February 18, 2020
Ms. Jillian Ostman
Purchasing Specialist
City of Evanston
Lorraine H. Morton Civic Center
Room 4200
2100 Ridge Avenue
Evanston, Illinois 60201
Dear Ms. Ostman
Thank you for the opportunity to submit a statement of qualifications to provide financial advisory services to the City of Evanston
(the “City”). While our detailed proposal follows, we would like to highlight several points that may differentiate Speer Financial,
Inc. (“Speer”, “Speer Financial” or the “Firm”) from other firms being considered.
1. Independence – Speer is not affiliated with any broker-dealer nor do we serve in any capacity other than municipal advisor. This
enables Speer to offer unbiased advice solely in your best interests and avoid any conflicts of interest.
2. Personnel – The Speer financing team assigned to the City includes three officers of the Firm. The assigned team has a combined
37 years of experience with Speer. As well as the individuals assigned to the financing team, the City will have access to each of the
officers of Speer should the need arise. This experience with thousands of financings and with a diversity of clients brings unparalleled
depth, breadth and technical expertise to our municipal advisory services.
3. Level of Activity – Speer is the most active municipal advisor in Illinois for long-term municipal new issues and was the 12th most
active advisor nationally for long-term competitive issues in 2019. Speer has held the number one ranking in Illinois for over 25 years.
We advised on 70 of 197 (over 35%) long-term new money issues in Illinois for 2019. In total, Speer Financial advised on 211 bond
sales totaling over $1.185 billion in principal amount in 2019. Speer also has a wealth of local experience including serving as financial
advisor to the Villages of Arlington Heights, Buffalo Grove, Deerfield, Glencoe, Morton Grove, Niles, Northbrook, Skokie,
Wilmette, Winnetka and Wheeling, and the Cities of Des Plaines, Elmhurst, Highland Park, Lake Forest, and Naperville.
4.Service Level – We are proud of the level of service that we provide to our clients. As municipal advisor, Speer routinely analyzes
refunding opportunities, provides ongoing debt planning services, analyzes ratings and rating agency strategies and provides other
ongoing services as needs arise. During the bond issuance process, Speer manages the issuance process from start to finish, including
the preparation of the official statement or offering document.
5. Technology – We extensively utilize the latest technology, such as in our posting and electronic distribution of information about
upcoming sales on our www.Speerfinancial.com Debt Auction Calendar. Since 1999, www.SpeerAuction.com has served as a platform
to competitively sell 1,301 issues totaling over $10.5 billion.
Thank you for the opportunity to present our background and qualifications. We look forward to serving the City in the years ahead.
Sincerely,
Raphaliata McKenzie
Senior Vice President
Speer Financial, Inc.
(312) 780-2285
Page 6 of 58
SP4.Page 21 of 85
Financial Advisory Proposal:
City of Evanston, Illinois
February 18, 2020
2
B. Qualifications and Experience of Firm and/or Team.
All respondents shall describe other contracts (at least 5, but no more than 10) similar in
scope, size or discipline to the required services described herein, performed or
undertaken during the past five years.
The respondent must provide references, including name, address and telephone
number of the contact person for each project identified and described.
QUALIFICATIONS AND EXPERIENCE
Speer provided municipal advisory services on 211 transactions in 2019 alone. Below please find a
representative listing of ten municipalities that Speer currently serves as financial advisor and detail
regarding Speer’s engagement with each.
Speer Financial, Inc.
Representative List of Current Illinois Clients
Village of Arlington Heights Village of Orland Park
City of Aurora City of Peoria
City of Joliet Village of Schaumburg
City of Naperville Village of Skokie
Village of Northbrook City of Waukegan
VILLAGE OF ARLINGTON HEIGHTS, ILLINOIS
Population: 75,101 (2010 Census)
Outstanding Debt: $56,055,000 (General Obligation)
Ratings: Aa1 (Moody’s)
Speer Client Since: 1975
Speer Services: Municipal Advisory
CITY OF AURORA, ILLINOIS
Population: 197,899 (2010 Census)
Outstanding Debt: $124,275,000 General Obligation
$25,425,000 Water and Sewer Rev.
$9,410,000 Tax Increment Revenue
Ratings: AA (S&P)
Speer Client Since: 1984
Speer Services: Municipal Advisory
Contact
Mr. Tom Kuehne
Finance Director
33 S. Arlington Heights Rd.
Arlington Heights, IL 60005
(847) 368-5510
tkuehne@vah.com
Contact
Mr. Marty Lyons
Chief Financial Officer
44 E Downer Place
Aurora, IL 60505
(630) 256-3500
mslyons@aurora-il.org
Page 7 of 58
SP4.Page 22 of 85
Financial Advisory Proposal:
City of Evanston, Illinois
February 18, 2020
3
CITY OF JOLIET, ILLINOIS
Population: 147,433 (2010 Census)
Outstanding Debt: $3,600,000 General Obligation
$7,910,000 Water and Sewer Rev.
Ratings: AA (S&P)
Speer Client Since: 1969
Speer Services: Municipal Advisory &
Continuing Disclosure
CITY OF NAPERVILLE, ILLINOIS
Population: 147,841 (2018 Special Census)
Outstanding Debt: $119,755,000 General Obligation
Ratings: Aaa (Moody’s) / AAA (S&P)
Speer Client Since: 2016
Speer Services: Municipal Advisory
VILLAGE OF NORTHBROOK, ILLINOIS
Population: 33,170 (2010 Census)
Outstanding Debt: $126,510,000 General Obligation
Ratings: Aaa (Moody’s) / AAA (S&P)
Speer Client Since: 2016
Speer Services: Municipal Advisory
VILLAGE OF ORLAND PARK, ILLINOIS
Population: 56,767 (2010 Census)
Outstanding Debt: $55,070,000 General Obligation
Ratings: Aa1 (Moody’s) / AA+ (S&P)
Speer Client Since: 1981
Speer Services: Municipal Advisory &
Continuing Disclosure
CITY OF PEORIA, ILLINOIS
Population: 114,934 (2010 Census)
Outstanding Debt: $170,980,000 General Obligation
$3,265,000 Special Assessment
$1,145,000 Motor Fuel Tax
Ratings: A2 (Moody’s) / AA- (S&P)
Speer Client Since: 1959
Speer Services: Municipal Advisory &
Continuing Disclosure
Contact
Mr. James Ghedotte
Finance Director
150 W Jefferson St.
Joliet, IL 60432
(815) 724-3991
jghedotte@jolietcity.org
Contact
Ms. Rachel Mayer
Finance Director
400 S Eagle St.
Naperville, IL 60540
(630) 420-6052
mayerr@naperville.il.us
Contact
Mr. Jeff Rowitz
Deputy Manager/CFO
1225 Cedar LN
Northbrook, IL 60062
(847) 664-4030
Jeff.rowitz@northbrook.il.us
Contact
Ms. Annmarie Mampe
Finance Director
14700 Ravinia Ave.
Orland Park, IL 60462
(708) 403-6100
amampe@orland-park.il.us
Contact
Mr. James Scroggins
Director of Finance
419 Fulton St.
Peoria, IL 61602
(309) 494-8514
jscroggins@peoriagov.org
Page 8 of 58
SP4.Page 23 of 85
Financial Advisory Proposal:
City of Evanston, Illinois
February 18, 2020
4
VILLAGE OF SCHAUMBURG, ILLINOIS
Population: 74,227 (2010 Census)
Outstanding Debt: $286,055,000 General Obligation
Ratings: AAA (S&P)
Speer Client Since: 2008
Speer Services: Municipal Advisory
VILLAGE OF SKOKIE, ILLINOIS
Population: 64,784 (2010 Census)
Outstanding Debt: $58,298,246 General Obligation
Ratings: Aa2 (Moody’s) / AA+ (Fitch)
Speer Client Since: 2019
Speer Services: Municipal Advisory &
Continuing Disclosure
CITY OF WAUKEGAN, ILLINOIS
Population: 89,078 (2010 Census)
Outstanding Debt: $76,000,000 General Obligation
$22,305,000 Water and Sewer Rev.
$2,650,000 Parking System Revenue
Ratings: A2 (Moody’s)
Speer Client Since: 1963
Speer Services: Municipal Advisory &
Continuing Disclosure
Indicate commencement dates, duration and type of operation.
BACKGROUND ON FIRM
Speer is a nationally recognized, employee-owned firm of municipal advisors. We are charter members
of the National Association of Municipal Advisors, an industry coalition seeking to develop and promote
ethical and professional standards for municipal advisory firms and their employees. We bring our
clients years of experience in the financial markets. Since 1996, Speer Financial has participated in the
planning and sale of over 4,000 municipal securities issuances for a total par amount of over $22 billion.
We routinely handle securities such as: general obligation bonds, revenue bonds, debt certificates,
notes, refunding issues, tax increment bonds, special assessment bonds and special service area
bonds.
Speer Financial works solely with local governments and special districts, and municipal advising is the
Firm's only business. Speer Financial does not underwrite, purchase or sell bonds, nor is the firm
affiliated with any bank, underwriter or investing institution. We are able, therefore, to render
financial advice to clients without bias or conflict of interest. Our services are solely for the benefit
of our governmental clients.
Speer Financial, Inc. is a registered municipal advisor with the Securities and Exchange Commission
(“SEC”) and Municipal Securities Rule Making Board (“MSRB”). Speer’s SEC File Number is 867-
00043. Speer’s MSRB ID is K0162.
Contact
Ms. Lisa Happ-Peterson
Finance Director
101 Schaumburg Ct.
Schaumburg, IL 60193
(847) 923-4532
lhapp@ci.schaumburg.il.us
Contact
Mr. Julian Prendi
Finance Director
5127 Oakton Street
Skokie, IL 60077
(847) 933-8247
Julian.prendi@skokie.org
Contact
Ms. Tina Smigielski
Director of Finance
100 N Martin Luther King Jr. Ave.
Waukegan, IL 60085
(847) 599-6451
Tina.smigielski@ci.waukegan.il.us
Page 9 of 58
SP4.Page 24 of 85
Financial Advisory Proposal:
City of Evanston, Illinois
February 18, 2020
5
SPEER MISSION STATEMENT
To provide high quality debt advisory and related financial planning services to governmental entities. As
an independent professional organization, Speer is committed to serve its clients' long-term interests
with honesty, integrity, and distinctive expertise. To enhance the quality of its services, Speer is
committed to the ongoing development of its entire employee team.
LOCATION AND PERSONNEL
Speer maintains its headquarters in Chicago, Illinois and has a satellite office in Waterloo, Iowa. The
Firm maintains a staff with varied backgrounds and disciplines which equip the staff to respond promptly
to client questions. Speer only accepts assignments within its staff's expertise and available time. Our
many long-term relationships demonstrate the level of client satisfaction with our services. We base our
recommendations on what a client needs to hear, not on what a client wants to hear.
Key Officers or Managers of the Firm Tenure with Speer
Chairman - Kevin W. McCanna 38
President - Daniel D. Forbes 25
Senior Vice President - Raphaliata T. McKenzie 22
Senior Vice President - Maggie Burger 14
Senior Vice President - Anthony Miceli 6
Vice President - Larry Burger 26
Vice President - Mark Jeretina 9
Total 140 years
The seven officers of Speer Financial have a combined 140 years with the firm. All are owners. Not
only are the officers invested in the success of the firm, but Speer’s four financial analysts have a
combined 40 years with the Firm. Speer also has a total of four support staff.
While our main business activity is to provide municipal finance consulting services, our professional
staff includes individuals with accounting, banking, economics, legal, planning, and public finance
expertise. While the quality of our people is clearly more important than the quantity, it is important that
the firm you select as your municipal advisor is able to provide prompt and uninterrupted service to you
during periods of vacations, periods of illness and conflicts in schedules. Working with a team assures
you of prompt and professional service.
Page 10 of 58
SP4.Page 25 of 85
Financial Advisory Proposal:
City of Evanston, Illinois
February 18, 2020
6
Provide a list of municipal clients in Illinois
ILLINOIS MUNICIPAL CLIENTS
Speer Financial, Inc (“Speer” or the “Firm”) serves a broad and diverse client base composed of all
types of small to large issuers with all sizes of securities issues, varied credit strengths and varied
lengths to maturity. It is this wide variety of experience that enhances the ability of our team to meet and
exceed the expectation of our clients on the $100,000 issue, the $10,000,000 issue, or the
$100,000,000 issue, as each is critical to the issuer at that time. This broad experience enables Speer
to bring a unique perspective that can be used to our client’s advantage.
Below we list Speer’s current municipal (City and Village) clients throughout the State of Illinois.
Speer Financial, Inc.
Current Illinois Clients as of February 18, 2020
Village of Addison Village of Glencoe Village of Minooka Village of Roselle
Village of Algonquin Village of Glendale Heights City of Moline Village of Round Lake Park
Village of Arlington Heights Village of Green Oaks City of Monmouth City of Salem
City of Aurora Village of Gurnee Village of Montgomery Village of Schaumburg
Village of Bannockburn Village of Hampshire City of Morrison Village of Schiller Park
City of Batavia Village of Hanover Park Village of Morton Grove Village of Shorewood
Village of Bensenville Village of Hazel Crest City of Naperville Village of Skokie
Village of Bloomingdale City of Highland Park Village of Niles
Village of South
Barrington
Village of Buffalo Grove Village of Hinsdale Village of North Aurora Village of South Holland
Village of Burr Ridge Village of Hoffman Estates Village of Northbrook City of Springfield
Village of Cary Village of Inverness Village of Oak Park Village of Sugar Grove
Village of Clarendon Hills City of Joliet City of Oakbrook Terrace Village of Thornton
City of Collinsville City of Kewanee Village of Olympia Fields Village of University Park
City of Darien Village of Lake Bluff Village of Orland Park Village of Vernon Hills
City of Decatur City of Lake Forest Village of Palatine Village of Villa Park
Village of Deerfield Village of Lake in the Hills City of Palos Heights Village of Wauconda
City of Des Plaines Village of Lake Zurich City of Palos Hills City of Waukegan
Village of East Dundee Village of Libertyville City of Palos Park Village of Westchester
City of East Moline City of Lockport City of Paris Village of Western Springs
City of Elgin Village of Lombard City of Peoria Village of Wheeling
Elk Grove Village Village of Long Grove Village of Pingree Grove Village of Willowbrook
City of Elmhurst City of Loves Park City of Prospect Heights Village of Wilmette
City of Eureka Village of Lynwood Village of Riverside Village of Winnetka
Village of Flossmoor City of Marengo City of Rock Island City of Wood Dale
City of Freeport City of Mattoon City of Rockford Village of Woodridge
City of Galesburg Village of Maywood Village of Romeoville United City of Yorkville
City of Geneva City of McHenry Village of Roscoe City of Zion
Page 11 of 58
SP4.Page 26 of 85
Financial Advisory Proposal:
City of Evanston, Illinois
February 18, 2020
7
C. Area/Regional Manager(s)
Clearly identify the professional staff person(s) who would be assigned as your
Area/Regional Manager(s) and provide resumes. The proposal should indicate the
abilities, qualifications and experience of these individuals.
FINANCING TEAM
Speer will provide a team of finance professionals to serve the City. A financing team provides a
coordinated distribution of responsibilities in the planning and issuance of the Village’s securities. The
financing team will be composed of Raphaliata McKenzie, Senior Vice President, Anthony
Miceli, Senior Vice President, and Mark Jeretina, Vice President. Ms. McKenzie and Mr. Miceli
will serve as the primary contacts to the City, while Mr. Jeretina will serve as a secondary contact.
Ms. McKenzie will handle the day-to-day functions during the financing and will be the
point of contact for the City concerning this proposal.
The financing team has a combined 37 years with Speer Financial and are a part of the third
generation of owners. Speer’s team approach assures that someone familiar with the City is
available at all times. Our team approach provides us with the extra flexibility to meet with City staff
and officials at your convenience without unnecessary delays. The team approach also enables varied
perspectives to surface in the planning phase and for specialization within the financing team.
Contact information and biographies for each financing team member are listed below.
Raphaliata McKenzie, Senior Vice President, Director and Owner.
Certified Independent Public Municipal Advisor by National
Association of Municipal Advisors. Qualified Municipal Advisor
Representative (Series 50) with the Municipal Securities
Rulemaking Board. B. S. Finance, DePaul University. Ms.
McKenzie is a member of the Illinois Government Finance Officers Association. Served as an
accountant with Jane Addams Hull House Association (1995-1997), with other prior experience at a
Chicago based commercial bank and an investment bank. Has been employed by Speer Financial since
1997.
Anthony F. Miceli, Senior Vice President, Director and Owner.
Certified Independent Public Municipal Advisor by National
Association of Municipal Advisors. Qualified Municipal Advisor
Representative (Series 50) with the Municipal Securities Rulemaking
Board. B.S., North Central College, Naperville, IL, with majors in both
Finance and Economics. Previous experience as a Vice President in the public finance department of a
Milwaukee, WI based investment banking and financial services firm. Member of the Illinois Government
Finance Officers Association. Clients include numerous counties, cities, villages, park districts, schools
and other special districts. Has been employed by Speer Financial since 2013.
Mark Jeretina, Vice President, Director and Owner. Certified
Independent Public Municipal Advisor by National Association of
Municipal Advisors. Qualified Municipal Advisor Representative
(Series 50) with the Municipal Securities Rulemaking Board. B.S.
DePaul University, Chicago, Illinois with a major in Finance and a
minor in Economics. Prior experience in equity trading and research with a private Chicago based firm.
Member of the Illinois Government Finance Officers Association. Clients include numerous counties,
cities, villages, park districts, schools and other special districts. Has been employed By Speer
Financial since 2010.
Mrs. Raphaliata McKenzie
Senior Vice President
(312) 780-2285
rmckenzie@speerfinancial.com
Mr. Anthony Miceli
Senior Vice President
(312) 529-5881
amiceli@speerfinancial.com
Mr. Mark Jeretina
Vice President
(312) 529-5887
mjeretina@speerfinancial.com
Page 12 of 58
SP4.Page 27 of 85
Financial Advisory Proposal:
City of Evanston, Illinois
February 18, 2020
8
Each of the Speer professionals assigned to the Village holds a Series 50 municipal advisor license
from the Municipal Securities Rulemaking Board (MSRB) and has completed numerous general
obligation bond, general obligation limited bond, debt certificate and other debt financings.
D. Fees
Provide a copy of your fees/prices on the attached price/cost form
Please reference Appendix A.
E. Contract
The City has attached its standard contract in exhibit I. Identify all exceptions to the
agreement that would prevent your firm from executing it. The City shall not consider or
negotiate regarding exceptions submitted at any time after the submission of the
Proposer’s response.
Speer has no exceptions to the City’s standard contract.
5.0 Additional Submission Requirements
When available the consultant should provide a current Illinois ranking and volume of
Illinois debt issuances for the past three years.
CLIENT SALES OF SECURITIES
In the last five years, Speer Financial assisted in bringing 1,018 issues to market amounting to over $5.7
billion in principal amount. This large number of issues and par value of securities illustrate Speer’s high
level of expertise and market awareness which has been developed and honed by this high level of
activity. A full listing of Illinois transactions that Speer has served on over the past three years is
attached as Appendix B– Client Sales of Securities.
*Includes debt certificates, short-term anticipation notes/bonds, SSA and other special district notes and bonds.
Page 13 of 58
SP4.Page 28 of 85
Financial Advisory Proposal:
City of Evanston, Illinois
February 18, 2020
9
Additionally, Speer professionals participate in numerous conference presentations, webinars, municipal
industry gatherings and other continuing education events in order to gain up to date knowledge and
educate our issuer clients of bond industry trends and the changing market environment.
RANKINGS
Below is a summary of the top Illinois municipal advisors of Long Term Municipal New Issues in 2019.
This information is compiled by Thompson Securities Data Company, an independent information
clearinghouse for the municipal bond industry. In 2019, Speer advised on 70 of the 197 (over 35%) tax
exempt and taxable long-term new money issues brought to market by Illinois issuers.
Total Average Total
Number Principal Principal Number Principal
Rank Firm of Issues $(000,000) $(000,000) of Issues $(000,000)
1 Speer Financial, Inc. 70 840 12.0 58 622.7
2 PMA Securities Inc. 56 796.0 14.2 13 121.2
3 Acacia Financial Group Inc. 18 1005 55.8 8 659.1
4 Public Financial Management, Inc. 13 2319.4 178.4 8 2067.2
5 Columbia Capital Management 7 975.4 139.3 6 916.5
6 Kings Financial Consulting LLC 7 49.6 7.1 0 0.0
7 Raymond James 7 98.9 14.1 4 30.5
8 Robert W. Baird & Co. Inc. 7 61 8.7 7 61.0
9 Austin Meade Financial Ltd. 7 111.7 16.0 7 111.7
10 Caine Mitter & Associates Inc 5 355.8 71.2 5 355.8
Source: Thomson Reuters
Total Excluding Education
Top Municipal Advisors for 2019 (By Number of Issues)
State of Illinois
Long-Term Municipal New Issues
6.0 M/W/EBE goals
Please see Appendix C – M/W/EBE utilization
Page 14 of 58
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Appendix A
Fee/Cost Form
Page 15 of 58
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15
Revised 10-14 (09-17)
PRICE/COSTS FORM
The consultant should propose a total fixed fee per bond for year 1, year 2, year 3,
and year 4 of the contract term, as well as for contract option years 1 and 2.
Fee per bond issuance:
Base
contract
Amount Option
years
Amount Base +
Option Years
Amount
Year 1 Opt.Yr 1
Year 2 Opt.Yr 2
Year 3
Year 4
Total Total Total
Additional charges not incorporated in the fixed fee per bond must be disclosed
separately in detail for both base contract (years 1-4) as well as for option years 1
and 2. If there will be any minimum fee per bond issue, this must be clearly stated.
Length of agreement will be for a total of four years with two optional years for
renewal. The City shall reserve the right to terminate agreement with sixty days’
notice.
$1.50
$1.50
$1.50
$1.50
$1.50
$1.50
$1.50
$1.50 $1.50
Page 16 of 58
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Appendix B
Client Sales of Securities
Page 17 of 58
SP4.Page 32 of 85
SPEER FINANCIAL, INC.ILLINOIS CLIENT SALES OF SECURITIESJanuary 2017 - December 2019Investment Issue Type of Date # of Net/True Interest Rate LastIssuerRatingSizeSecurityof SaleBiddersLow BidHigh Bid Maturity1 River Forest PD, IL N/R 200,550G.O. Ltd. Tax Park 20171/5/2017 Neg. 1.3160% 20192 Oak Lawn PD, IL N/R 2,268,000G.O. Ltd. Tax Park 2017A1/6/2017 4 1.8300% 3.0000% 20173 Lombard PD, IL AA/Stable 8,575,000G.O. Park Bonds (Alt) 2017A1/10/2017 4 3.3733% 3.7349% 20344 Batavia PD, IL N/R 668,825G.O. Ltd Tax Park 20171/16/2017 Neg. 1.8100% 20175 Kankakee Valley PD, IL N/R 729,000G.O. Ltd Tax Park 2017A1/16/2017 Neg. 9.0842% 20206 Kankakee Valley PD, IL N/R 179,000G.O. Ltd Tax Park 2017B1/16/2017 Neg. 6.0494% 20207 Lansing SD 158, IL AA/AA+/Stable 11,000,000Taxable G.O. Ltd School (QSCB) 2017A1/18/2017 Neg. 5.2883% 20418 Lansing SD 158, IL AA-/Stable 7,000,000Taxable G.O. School (Alt) (QSCB) 2017B1/18/2017 Neg. 4.7925% 20369 Highland Park, IL Aaa 3,415,000G.O. 20171/23/2017 4 2.8912% 3.0783% 203210 Markham PD, IL N/R 164,175G.O. Park 20171/23/2017 Neg. 3.0500% 201811 Lombard PD, IL N/R 556,000Taxable G.O. Ltd Tax Park 20171/24/2017 Neg. 1.5000% 202412 Cary PD, IL N/R 300,000Debt Certificates 20171/25/2017 3 2.7955% 3.6880% 202213 Decatur PD, IL AA-/Stable 4,625,000G.O. Park 2017A1/31/2017 2 1.6135% 1.7455% 201714 Deerfield, IL AAA/Stable 5,700,000G.O. 20172/6/2017 9 3.0673% 3.2446% 203615 Peoria PBC, IL AA/A/Stable 24,880,165School District Facilities Rev Ref 20172/7/2017 Neg. 3.0119% 202916 Darien PD, IL N/R 941,805G.O. Ltd Tax Park 20172/9/2017 5 1.0000% 3.4686% 201717 Villa Park, ILAA/Stable 3,010,000G.O. Ref (Alt) 20172/13/2017 Neg. 2.6330% 202718 River Trails PD, IL N/R 830,540G.O. Ltd Tax Park 20172/14/2017 4 0.9800% 2.3580% 201719 Decatur PD, IL AA-/Stable 10,700,000G.O. Park (Alt) 2017B2/14/2017 3 3.6831% 3.8722% 203620 Harper CCD # 512, IL Aaa 4,740,000G.O. Ltd 2017A2/15/2017 5 1.4504% 1.6357% 201921 Dixon SD 170, IL AA/Stable/A1 21,390,000G.O. School 20172/15/2017 3 3.9699% 4.1699% 203722 Geneva PD, IL N/R 1,549,160Taxable G.O. Ltd Tax Park 20172/16/2017 Neg. 1.4700% 201723 Salem, IL N/R 2,465,000G.O. Ref (Alt) 20172/16/2017 Neg. 2.6900% 202924 Winnebago County, IL Aa2 1,620,000G.O. Debt Certificates 2017A2/23/2017 3 1.9351% 2.0146% 202025 Winnebago County, IL Aa2 3,085,000G.O. Alt Ref (Matching Tax & Fuel Tas 2017B2/23/2017 4 2.0094% 2.0881% 202226 Central Lake County JAWA, IL Aa2 2,130,000Taxable Water Rev Ref 20173/15/2017 Neg. 2.8960% 202127 North Aurora, IL AA+/Stable 5,800,000G.O. (Waterworks System Alt), 20173/20/2017 5 2.9554% 3.2921% 203228 Robbins PD, IL N/R 193,000G.O. Ltd Tax Park 2017A3/29/2017 Neg. 3.5000% 201729 Kendall County FPD, IL A2 19,130,000G.O. Ref 20173/30/2017 Neg. 2.3769% 202430 Galesburg, IL A1 8,320,000G.O. Ref 20174/4/2017 Neg. 3.3173% 203331 Western Springs, IL Aa2 4,500,000G.O. 20174/10/2017 5 2.9939% 3.1731% 203332 Berkeley, IL N/R 1,112,000G.O. Ref 20174/17/2017 7 2.0110% 4.0000% 202333 Loves Park, IL N/R 4,100,000G.O. Ref Alt (Motor Fuel Tax Alt) 20174/17/2017 3 2.4600% 3.6000% 203634 Matteson, IL N/R 23,460,000G.O. Ltd Tax Ref DC 20174/24/2017 Neg. 6.5000% 203635 Matteson, IL N/R 1,560,000G.O. Ref Ltd 20174/24/2017 Neg. 6.5000% 203636 Chillicothe CUSD No 321, ILAA-/Stable 1,053,219G.O. (Capital Appreciation) School 20174/25/2017 2 2.2834% 2.9664% 2021Page 1Page 18 of 58
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SPEER FINANCIAL, INC.ILLINOIS CLIENT SALES OF SECURITIESJanuary 2017 - December 2019Investment Issue Type of Date # of Net/True Interest Rate LastIssuerRatingSizeSecurityof SaleBiddersLow BidHigh Bid Maturity37 Sycamore PD, IL AA/A+/Stable 7,130,000G.O. Park (Alt) 2017A4/25/2017 3 4.0044% 4.6059% 204238 Inverness, IL AAA/Stable 5,070,000G.O. Ref 20174/26/2017 7 1.6814% 1.9359% 202339 Manhattan PD, IL N/R 700,000G.O. Park (Alt) 20174/26/2017 Neg. 2.9456% 203340 Round Lake Park, IL AA/A+/Stable 4,030,000Taxable G.O. 20175/2/2017 Neg. 4.3365% 203741 Mattoon, IL N/R 4,260,000G.O. Ref (Alt) 2017A5/2/2017 3 2.2100% 2.9800% 202842 Mattoon, IL N/R 2,980,000Taxable G.O. Rev. (Alt) 2017B5/2/2017 3 3.3100% 4.5000% 202843 Lake Forest, IL Aaa 9,295,000G.O. 20175/15/2017 8 2.9495% 3.4755% 203744 Boone County, IL N/R 425,000Debt Certificates 20175/16/2017 3 2.9500% 3.5000% 202645 Vernon Hills, ILAAA/Stable20,190,000Taxable G.O. 20175/16/2017 6 3.5013% 3.9509% 203746 Worth PD, IL N/R 86,265G.O. Ltd Tax Park 20175/16/2017 5 2.1641% 5.2638% 202047 Crystal Lake PD, IL N/R 700,000G.O. Ltd Tax Park 20175/17/2017 7 1.7656% 3.0300% 202248 Bloomingdale PD, IL AA/Stable 7,725,000G.O. Voted Park 2017A5/22/2017 1 3.2886% 203749 Burr Ridge, IL Aa1 5,970,000Refunding Debt Certificates 20175/22/2017 6 1.9037% 2.3518% 202250 Aurora, IL AA/Stable 16,500,000G.O. 20175/23/2017 6 3.0128% 3.2411% 203651 Rockford PD, IL Aa3 5,475,000G.O. Ltd Tax Park 2017A5/23/2017 2 1.4231% 1.4648% 201852 Winnebago County, IL Aa2 9,080,000G.O. Alt (Tort Fund Property Tax & Qtr Tax Alt) 2017C5/23/2017 Neg. 2.6667% 202953 Hampshire, IL N/R 11,455,000SSA # 14 Special Tax Bonds 20175/31/2017 Neg. 3.5944% 203654 Lake Zurich, IL 1,083,000Taxable G.O. Ref (Limited Tax)6/2/2017 Neg.55 Elmhurst, IL AAA/Stable 6,770,000G.O. Ref 2017A6/5/2017 6 2.1963% 2.4355% 202956 Addison, IL AA/AA+/Stable 2,470,000Taxable G.O. Ref 2017A6/6/2017 Neg. 3.2864% 203057 Clarendon Hills, IL AAA/Stable 800,000G.O. (Alt) 20176/19/2017 2 2.9917% 3.4583% 203358 Palatine, IL AA+/Stable 7,705,000G.O. Ref 2017A6/19/2017 6 1.6318% 1.9368% 202259 Palatine, IL AA+/Stable 1,465,000G.O. Ref 2017B6/19/2017 1 2.1900% 202560 Palatine, IL AA+/Stable 3,125,000Taxable G.O. Ref 2017C6/19/2017 5 2.1036% 2.3871% 202261 Palatine, IL AA+/Stable 6,060,000Taxable G.O. Ref 2017D6/19/2017 4 2.6076% 2.7432% 202662 DeKalb County, IL Aa1 33,905,000G.O. (Alt), 20176/21/2017 3 3.5924% 3.8128% 204763 Carbondale PD, IL N/R 500,000Taxable G.O. Ltd Tax Park 2017A6/22/2017 2 3.7034% 3.9521% 202464 Montgomery, IL AA/Stable 3,370,000G.O. Alt 20176/26/2017 3 3.1894% 3.7571% 203765 Villa Park, ILAA/Stable 1,150,000G.O. Alternate (Sales Tax Alt) 2017 B7/10/2017 Neg. 2.0654% 202266 Villa Park, ILAA/Stable 5,000,000G.O. Library 2017C7/10/2017 Neg. 3.3503% 203667 Kane County FPD, IL AA+/Stable 40,000,000G.O. 2017A7/10/2017 11 3.3407% 3.5835% 203768 Kane County FPD, IL AA+/Stable 10,000,000Taxable G.O. 2017B7/10/2017 12 2.2090% 2.9658% 202369 Hinsdale, IL AAA/AAA/Stable 9,775,000G.O. (Sales Tax Alt) 2017A7/11/2017 5 2.9962% 3.1552% 203770 Elmhurst, IL AAA/Stable 9,615,000G.O. 2017B7/17/2017 7 2.6067% 2.7459% 203271 Hoffman Estates, IL AA+/Stable 6,080,000G.O. 2017A8/8/2017 Neg. 2.9420% 203872 Wauconda, IL Aa2 7,000,000G.O. 20178/8/2017 4 3.3149% 3.7800% 2036Page 2Page 19 of 58
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SPEER FINANCIAL, INC.ILLINOIS CLIENT SALES OF SECURITIESJanuary 2017 - December 2019Investment Issue Type of Date # of Net/True Interest Rate LastIssuerRatingSizeSecurityof SaleBiddersLow BidHigh Bid Maturity73 Roscoe, IL N/R 1,100,000G.O. Alt (Sales Tax Alt) 20178/14/2017 3 2.1250% 2.9700% 202674 Elk Grove, IL AA+/Stable 59,705,805G.O. 20178/15/2017 Neg. 3.3146% 203875 New Lenox Comm PD, IL N/R 1,077,000G.O. Ltd Tax 20178/16/2017 Neg. 2.2400% 202376 Waukegan PD, IL AA 3,375,000G.O. Park 2017A8/21/2017 5 1.7022% 2.1124% 202377 Hoffman Estates, IL AA+/Stable 3,490,000G.O. Ref 2017B8/24/2017 Neg. 3.5385% 203878 Rock Island, IL A1 4,840,000G.O. 2017A8/30/2017 Neg. 2.9859% 203679 Rock Island, IL A1 2,845,000G.O. Ref 2017B8/30/2017 Neg. 1.9522% 202180 Orland Park, IL Aa1/AA+/Stable 2,645,000G.O. Ref 20179/5/2017 7 1.2343% 1.5757% 202181 Lockport, IL AA+/Stable 2,020,000G.O. Ltd Tax 20179/6/2017 4 1.2734% 1.6092% 202082 Savanna PD, IL N/R 45,000G.O. Park 20179/7/2017 3 2.0000% 3.5200% 201883 Waukegan, IL A2/AA/Stable 7,130,000G.O. Ref 2017A9/7/2017 Neg. 2.9362% 203084 Waukegan, IL A2/AA/Stable 7,865,000Taxable G.O. Ref 2017B9/7/2017 Neg. 2.3301% 201985 Sugar Grove, IL AA+/Stable 2,915,000G.O. Ref (Waterworks and Sewerage Alt) 20179/12/2017 Neg. 2.2103% 202886 Zion, IL AA/Stable 3,140,000Taxable G.O. Ref (Alt) 20179/19/2017 Neg. 4.6178% 203487 Mt. Prospect PD, IL AA/Stable 2,850,000G.O. Ltd Tax Park 2017A9/27/2017 6 1.3084% 2.1322% 202088 Dolton PD, IL N/R 694,450G.O. Ltd Tax Park 2017A10/2/2017 Neg. 3.4700% 202589 Dolton PD, IL N/R 1,500,000Debt Certificates 2017B10/2/2017 2 2.8600% 2.9942% 201890 Roscoe, IL N/R 2,095,000G.O. Ref (Alt) 201810/3/2017 3 2.1500% 2.7200% 202791 Kendall County, IL AA/Stable 14,315,000G.O. Ref (Alt) 201710/3/2017 4 2.1669% 2.5830% 202792 Carbondale PD, IL N/R 579,655G.O. Ltd Tax Park 2017B10/5/2017 3 1.5000% 2.2330% 201893 Willow Springs, IL AA/Stable 3,895,000G.O. Refunding (Alt) 2017A10/5/2017 Neg. 2.7157% 202494 Willow Springs, IL AA/Stable 1,000,000G.O. Refunding (Alt) 2017B10/5/2017 Neg. 3.2299% 202895 Waukegan PD, IL N/R 1,759,535G.O. Ltd Tax Ref Parl 2017B10/10/2017 3 1.5049% 1.7000% 201896 North Berwyn PD, IL N/R 169,100G.O. Ltd Tax Park 201710/11/2017 Neg. 1.8000% 201897 Plainfield Township PD, IL AA+/Stable 9,520,000G.O. Park 201710/11/2017 6 2.4101% 2.6702% 203098 Bloomingdale PD, IL N/R 680,620G.O. Ltd Tax Park 2017B10/12/2017 3 1.4900% 1.9603% 201899 Genoa Township PD, IL N/R 270,785G.O. Ltd Tax Park 2017A10/12/2017 Neg. 1.9300% 2018100 Lan-Oak PD, IL N/R 406,180G.O. Ltd Tax Park 201710/12/2017 4 1.4900% 2.4700% 2018101 Veterans PD, IL N/R 835,580G.O. Ltd Tax Park 201710/12/2017 3 1.7300% 1.9100% 2018102 Flossmoor, IL AA+/Stable 2,300,000G.O. Ref 201710/16/2017 Neg. 1.6862% 2021103 Prospect Heights PD, IL N/R 576,885G.O. Ltd Tax Park 201710/16/2017 4 1.1500% 2.4255% 2018104 Dundee Township PD, IL N/R 1,925,585G.O. Ltd Tax Park 201710/17/2017 2 1.6398% 1.8700% 2018105 Foss PD, IL N/R 354,715G.O. Ltd Tax Park 201710/17/2017 2 1.7900% 2.8600% 2018106 Riverdale PD, IL N/R 135,730G.O. Ltd Tax Park 201710/17/2017 2 2.8000% 3.0300% 2018107 Country Club Hills PD, IL N/R 67,380Taxable G.O.Ltd Tax Park 2017A10/18/2017 Neg. 2.5000% 2018108 Country Club Hills PD, IL N/R 517,850G.O. Ltd Tax Park 2017B10/18/2017 3 1.9000% 2.8600% 2018Page 3Page 20 of 58
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SPEER FINANCIAL, INC.ILLINOIS CLIENT SALES OF SECURITIESJanuary 2017 - December 2019Investment Issue Type of Date # of Net/True Interest Rate LastIssuerRatingSizeSecurityof SaleBiddersLow BidHigh Bid Maturity109 Crystal Lake PD, IL N/R 907,130G.O. Ltd Tax Park 2017B10/18/2017 4 1.7400% 2.3875% 2018110 Channahon PD, IL N/R 79,185Taxable G.O. Ltd Tax Park 2017A10/19/2017 Neg. 4.3960% 2018111 Channahon PD, IL N/R 702,890Tax Exempt G.O. Ltd Tax Park 2017B10/19/2017 2 2.5031% 2.8600% 2019112 Franklin Park PD, IL N/R 998,730G.O. Ltd Tax Park 201710/23/2017 2 1.8700% 2.1122% 2018113 Chicago Ridge PD, IL N/R 342,630G.O. Ltd Tax Park 201710/24/2017 3 1.8000% 1.9100% 2018114 Wilmette, IL Aaa 9,795,000G.O. 2017A10/24/2017 7 2.6112% 2.9199% 2036115 Mt.Prospect PD, IL AA/Stable 3,190,000G.O. Ref Park (Alt) 2017B10/25/2017 5 1.7015% 2.5025% 2023116 Pekin PD, IL N/R 582,000G.O. Ltd Tax Park 201710/25/2017 4 1.4581% 2.7600% 2019117 Hanover Park PD, IL N/R 825,000G.O. Ltd Tax Park 201710/26/2017 3 2.4900% 3.0200% 2019118 Naperville, IL Aaa/AAA/Stable 6,980,000G.O. 201710/30/2017 7 2.8197% 2.9998% 2037119 Riverside, IL N/R 611,000G.O. Ltd Tax Ref 201711/2/2017 2 1.5700% 2.0500% 2019120 Homewood-Flossmoor PD, IL N/R 1,009,905G.O. Ltd Tax Park 201711/6/2017 3 2.6600% 2.7500% 2018121 Oak Park, IL AA/Stable/A1 13,415,000G.O. Corporate Purpose 2017A11/6/2017 6 3.2433% 3.9632% 2037122 Freeport PD, IL N/R 901,000G.O. Ltd Tax Park 201711/6/2017 Neg. 2.0793% 2020123 Kewanee, IL N/R 291,920G.O. Ref 201711/8/2017 3 1.7200% 2.4300% 2018124 Oak Lawn PD, IL N/R 1,997,890G.O. Ltd Tax Park 2017B11/8/2017 5 1.8500% 2.6142% 2018125 Westchester PD, IL N/R 538,835G.O. Ltd Tax Park 201711/8/2017 5 1.8200% 2.9800% 2018126 Urbana PD, IL N/R 710,000G.O. Ltd Tax Park 201711/13/2017 7 1.4326% 2.6444% 2019127 Wheaton PD, IL N/R 1,654,080G.O. Ltd Tax Park 201711/14/2017 4 1.7100% 2.5600% 2018128 Wilmette, IL Aaa 3,470,000G.O. Ref 201711/14/2017 7 1.8709% 1.9899% 2023129 Campton Township, IL AA/Stable 11,080,000G.O. Ref 201711/14/2017 4 2.1700% 2.3650% 2025130 St. Charles PD, IL AA/Stable 4,930,000G.O. Ltd Tax Park 2017A11/14/2017 2 1.7304% 1.7818% 2020131 St. Charles PD, IL AA/Stable 8,535,000G.O. Ref Park 2017B11/14/2017 2 1.9973% 2.0455% 2024132 Elk Grove Village, IL AA+/Stable 11,600,000G.O. 2017A11/14/2017 Neg. 2.9721% 2031133 Cary PD, IL N/R 702,160G.O. Ltd Tax Park 201711/15/2017 2 1.7100% 2.6600% 2018134 Dekalb PD, IL N/R 1,243,980G.O. Ltd Tax Park 201711/15/2017 4 1.5000% 2.6600% 2018135 Hawthorne PD, IL N/R 173,680G.O. Ltd Tax Park 201711/15/2017 2 2.6900% 2.8300% 2018136 Vernon Hills PD, IL N/R 1,016,100G.O. Ltd Tax Park 201711/15/2017 4 1.6900% 2.6600% 2018137 Zion PD, IL N/R 530,935G.O. Ltd Tax Park 2017A11/15/2017 3 2.6600% 2.7500% 2020138 Zion PD, IL N/R 200,000G.O. Ltd Tax Park 2017B11/15/2017 Neg. 2.6600% 2019139 Harper CCD # 512, IL AAA/Stable 107,115,000G.O. Ref 2017B11/15/2017 8 2.1614% 2.2097% 2028140 Fox Valley PD, IL AA+/Stable 3,000,000G.O. Ltd Tax Park 201711/20/2017 4 1.7018% 1.9233% 2020141 Genoa Township PD, IL N/R 1,505,000G.O. Ref Park (Alt) 2017B11/20/2017 3 2.3600% 2.9800% 2029142 Gurnee PD, IL N/R 970,705G.O. Ltd Tax Park 201711/20/2017 Neg. 2.0000% 2018143 Lombard PD, IL N/R 566,289Taxable G.O. Ltd Tax Park 2017C11/21/2017 Neg. 1.9500% 2018144 Sycamore PD, IL N/R 1,118,620G.O. Ltd Tax Park 2017B11/28/2017 4 2.4347% 3.4239% 2024Page 4Page 21 of 58
SP4.Page 36 of 85
SPEER FINANCIAL, INC.ILLINOIS CLIENT SALES OF SECURITIESJanuary 2017 - December 2019Investment Issue Type of Date # of Net/True Interest Rate LastIssuerRatingSizeSecurityof SaleBiddersLow BidHigh Bid Maturity145 Oak Park, IL A1/AA/Stable 1,385,000G.O. Corp Purpose Refunding 2017B11/28/2017 2 2.5119% 2.5523% 2021146 Oak Park, IL A1/AA/Stable 2,720,000G.O. Corp Purpose Refunding 2017C11/28/2017 2 2.4959% 2.5746% 2020147 Woodridge, IL Aa1 3,810,000G.O. Refunding 201712/1/2017 Neg. 2.6531% 2028148 Batavia, IL Aa1 6,000,000G.O. 201712/4/2017 7 3.1426% 3.3403% 2038149 Hazel Crest, IL AA/A+/Stable 9,755,000G.O. 201712/12/2017 Neg. 3.8179% 2042150 Decatur, IL AA/A2/AA/Stable 6,275,000G.O. Refunding 201712/12/2017 Neg. 2.7200% 2024151 Marengo PD, IL N/R 139,510G.O. Ltd Tax Park 201712/12/2017 Neg. 2.8300% 2019152 Schaumburg, IL AAA/Stable 6,945,000G.O. 201712/12/2017 9 2.3099% 2.4043% 2027153 Collinsville, IL Aa3 430,000G.O. Ref 2017A12/13/2017 Neg. 2.2600% 2021154 Collinsville, IL Aa3 1,885,000Taxble G.O. Ref 2017B12/13/2017 Neg. 3.1600% 2028155 Batavia PD, IL N/R 678,590G.O. Ltd Tax Park 2017B12/18/2017 3 1.9500% 3.2500% 2018156 Broadview PD, IL N/R 517,960G.O. Ltd Tax Park 201712/20/2017 2 2.3668% 2.9100% 2019157 Bensenville, IL Aa3 9,945,000G.O. Ref (Alt) 201712/21/2017 Neg. 2.9136% 2029158 Kankakee Valley PD, IL N/R 200,000Taxable G.O. Ltd Tax Park 2018A1/4/2018 2 4.4000% 9.0000% 2019159 Kankakee Valley PD, IL N/R 304,810G.O. Ltd Tax Park 2018B1/4/2018 2 3.0600% 6.0000% 2019160 Bourbonnais Township PD, IL AA/Stable 1,100,000Taxable G.O. Ltd Tax Park 2018A1/8/2018 Neg 3.9263% 2023161 Bourbonnais Township PD, IL AA/Stable 1,825,000G.O. Ltd Tax Ref Park 2018B1/8/2018 Neg 3.6081% 2025162 Montgomery, IL AA/Stable 8,650,000Special Assessment Improvement Ref 20181/18/2018 Neg 3.2689% 2030163 Bloomingdale PD, IL N/R 2,175,000G.O. Voted Park 2018A1/22/2018 Neg 2.3416% 2023164 Highland Park, IL Aaa 7,900,000G.O. 20181/22/2018 11 2.6369% 3.7867% 2032165 Wood Dale PD, IL N/R 1,515,250G.O. Ltd Tax Park 20181/23/2018 3 2.4200% 3.4800% 2023166 Northbrook, IL Aaa/AAA/Stable 17,655,000G.O. 2018A1/23/2018 5 3.0692% 3.2757% 2037167 Northbrook, IL Aaa/AAA/Stable 8,425,000G.O. Taxable 2018B1/23/2018 6 3.4908% 3.6668% 2037168 Rock Island SD #41, IL Aa3 27,730,000G.O. Ref School 20181/23/2018 8 2.5992% 2.7503% 2028169 Peoria, IL A2/AA-/Stable 4,090,000G.O. 2018A2/5/2018 2 3.5523% 3.5707% 2038170 Pingree Grove, IL AA/Stable 3,030,000G.O. (Alt) 20182/5/2018 6 3.5892% 3.9380% 2037171 Decatur PD, IL N/R 476,000G.O. Airport 2018A2/6/2018 7 2.3000% 3.5100% 2019172 Decatur PD, IL N/R 3,984,000G.O. Park 2018B2/6/2018 3 2.4010% 2.8602% 2018173 Decatur PD, IL N/R 287,350Taxable G.O. Park 2018C2/6/2018 6 3.0500% 4.7000% 2018174 Darien PD, IL N/R 905,000G.O. Ltd Tax Park 20182/8/2018 4 1.8700% 2.5000% 2018175 Moline CUSD #40, IL Aa2 21,925,000G.O. School (Alt) 20182/12/2018 8 2.7422% 2.8964% 2028176 Villa Park, ILAA/Stable 2,645,000G.O. (Sales Tax Alt) 2018A2/12/2018 Neg 3.2691% 2031177 Villa Park, ILAA/Stable 5,600,000G.O. Library 2018B2/12/2018 Neg 3.6482% 2036178 Plainfield Township PD, IL N/R 980,000G.O. Park 2018B2/13/2018 4 1.8100% 2.7700% 2020179 River Trails PD, IL N/R 841,935G.O. Ltd Tax Park 2018A2/14/2018 3 1.9900% 2.8716% 2018180 Springfield PD, IL A2 2,060,000G.O. Ltd Tax Park 20182/15/2018 6 3.1156% 3.7360% 2029Page 5Page 22 of 58
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SPEER FINANCIAL, INC.ILLINOIS CLIENT SALES OF SECURITIESJanuary 2017 - December 2019Investment Issue Type of Date # of Net/True Interest Rate LastIssuerRatingSizeSecurityof SaleBiddersLow BidHigh Bid Maturity181 Kingsbury PD, IL N/R 575,000G.O. Park 20182/15/2018 2 2.0100% 3.3300% 2020182 Bensenville PD, IL N/R 1,200,000G.O. Ltd Tax Park 2018A2/20/2018 3 2.5183% 3.2446% 2023183 Des Plaines PD, IL N/R 561,385G.O. Ltd Tax Park 2018A2/20/2018 Neg 1.9000% 2018184 Matteson SD # 162, IL Aa3 20,000Taxable G.O. School (Alt) 2018A2/22/2018 Neg 3.3591% 2018185 Matteson SD # 162, IL Aa3 2,180,000G.O. School (Alt) 2018B2/22/2018 Neg 3.7622% 2037186 North Berwyn PD, IL N/R 2,000,000Debt Certificates, 2018A2/28/2018 Neg 3.5000% 2024187 Morton-Grove Niles Water Comm. N/R 25,000,000G.O. Water (Alt) 2018A2/28/2018 Neg 4.1477% 2050188 Des Plaines, IL Aa2 12,410,000G.O. Ref 20183/5/2018 4 2.7251% 2.7569% 2028189 Rockford PD, IL Aa3 5,345,000G.O. Park (Alt) 2018A3/13/2018 3 3.3517% 3.5543% 2037190 St. Charles PD, IL AA/Stable 4,265,000G.O. Park (Alt) 20183/13/2018 5 3.3622% 3.6107% 2037191 Robbins PD, IL N/R 114,835G.O. Ltd Tax Park 2018A3/13/2018 Neg 3.9000% 2018192 DuPage College SD 502, IL Aa1/AA+ 30,060,000G.O Ref 20183/15/2018 9 2.0769% 2.1322% 2023193 Clarendon Hills PD, IL AA/Stable 2,025,000G.O. Park (Alt) 20183/19/2018 6 2.6926% 2.9369% 2027194 Oak Park, IL A1/AA/Stable 8,760,000Taxable G.O. Ref 2018A3/19/2018 6 3.2474% 3.7647% 2026195 Thornton, IL N/R 1,260,000G.O. Ref 20183/19/2018 Neg 2.9000% 2029196 NWSJAWA, IL N/R 13,530,000Water Supply System Rev Ref 20183/21/2018 Neg 2.4743% 2020197 Lake County, IL Aaa/AAA/Stable 20,700,000G.O. Ref (Sales Tax Alt) 20184/4/2018 5 2.4280% 2.4422% 2027198 Darien, IL Aa2 3,500,000G.O. 20184/16/2018 3 2.9462% 3.2880% 2030199 Dixon Unit SD 170, IL AA/A1 10,650,000G.O. School (Alt) 2018A4/18/2018 Neg 3.7153% 2038200 Dixon Unit SD 170, IL AA/A1 1,195,000G.O. Ref. School 2018B4/18/2018 Neg 2.6285% 2038201 Freeport, IL A/AA(Ins.) 1,045,000Taxable G.O. 20184/23/2018 Neg 4.2047% 2033202 Algonquin-Lake in the Hills Fire PD N/R 3,725,000Fire Protection Notes 20184/23/2018 4 2.8950% 3.3900% 2028203 Lockport, IL AA+/Stable 9,835,000G.O. 20185/2/2018 8 2.8181% 3.1515% 2028204 Crystal Lake PD, IL AA/Stable 1,500,000G.O. Park (Alt) 2018A5/17/2018 2 2.4524% 2.5187% 2023205 Deerfield, IL Aaa/Stable 5,970,000G.O. 20185/21/2018 10 3.2355% 3.5561% 2037206 Western Springs, IL Aa2 1,925,000G.O. 20185/21/2018 3 2.9121% 2.9674% 2028207 Moline CUSD #40, IL N/R 3,076,000G.O. Ref School 2018A5/21/2018 Neg 2.6303% 2023208 Rockford PD, IL N/R 4,560,000G.O. Ltd Tax Park 2018B5/22/2018 Neg 2.8380% 2019209 Rockford PD, IL N/R 990,000Taxable G.O. Ltd Tax Park 2018C5/22/2018 Neg 3.4350% 2019210 Cary PD, IL AA/Stable 3,400,000G.O. Park (Alt) 2018A5/24/2018 7 3.2589% 3.5039% 2032211 Waukegan, IL AA/A2(Ins)/A2 14,860,000G.O. 2018A6/6/2018 Neg 3.8228% 2027212 Waukegan, IL AA/A2(Ins)/A2 21,410,000G.O. 2018B6/6/2018 Neg 3.4987% 2033213 Hinsdale, IL Aaa/AAA/Stable 20,000,000G.O. (Sales Tax Alt) 2018A6/12/2018 3 3.3555% 3.4406% 2038214 Lake Zurich, IL AAA/Stable 1,104,000Taxable G.O. Ref (Limited Tax) 20186/12/2018 Neg 3.9999% 2018215 Clarendon Hills, IL Aaa/Stable 1,100,000G.O. (Alt) 20186/18/2018 3 3.5055% 3.6694% 2034216 Waukegan, IL AA/A2(Ins)/A2 15,615,000First Lien Water & Sewer System Rev 2018C6/19/2018 Neg 3.7232% 2038Page 6Page 23 of 58
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SPEER FINANCIAL, INC.ILLINOIS CLIENT SALES OF SECURITIESJanuary 2017 - December 2019Investment Issue Type of Date # of Net/True Interest Rate LastIssuerRatingSizeSecurityof SaleBiddersLow BidHigh Bid Maturity217 Dundee Township PD, IL N/R 4,344,000G.O. Ref Park (Alt) 20186/20/2018 Neg 3.1800% 2030218 Burbank SD # 111, IL AA/A+ 10,180,000G.O. Ltd Tax School 2018A6/27/2018 Neg 3.7643% 2037219 Sterling PD, IL BBB/BBB 5,345,000G.O. Park (Alt) 20186/27/2018 Neg 3.8056% 2038220 Decatur, IL AA/A2(Ins)/A2 25,810,000G.O. 20186/28/2018 Neg 3.9457% 2038221 Des Plaines PD, IL Aa2 6,435,000G.O. Ltd Tax Park 2018B7/17/2018 10 2.5230% 2.7357% 2026222 Des Plaines PD, IL Aa2 1,460,000G.O. (Alt) 2018C7/17/2018 5 2.8292% 3.1379% 2029223 Peoria, IL A2/AA-/Stable 9,455,000G.O. 2018B7/18/2018 4 3.4907% 3.6748% 2038224 Rochester CUSD # 3A, IL N/R 7,780,000G.O. School Refunding 20197/23/2018 5 3.4700% 4.5700% 2031225 Hoffman Estates, IL AA+/Stable 35,180,000G.O. Ref 20187/31/2018 Neg 3.5737% 2038226 Palatine, IL AA+/Stable 6,235,000G.O. Ref 20188/13/2018 7 2.8169% 2.8314% 2029227 Villa Park, ILAA/Stable 8,110,000G.O. Ref (Alt) 2018C8/13/2018 Neg 2.9524% 2028228 Arlington Heights, IL Aa1 9,530,000G.O. 20188/20/2018 7 3.3168% 3.4550% 2038229 Byron Museum District, IL N/R 500,000G.O. 20188/28/2018 Neg 2.9356% 2023230 Roselle, IL AA+/Stable 2,315,000G.O. Ref (Alt) 20189/5/2018 Neg 2.9236% 2029231 Prospect Heights, IL N/R 1,820,000SSA No 6 Ref 20189/11/2018 Neg 3.4600% 2028232 Waukegan, IL AA/Stable (Ins)/A2 7,895,000G.O. 2018D9/12/2018 Neg 3.2501% 2028233 Olympia Fields PD, IL N/R 235,290Taxable G.O. Ltd Tax Park 2018A9/17/2018 2 5.2710% 5.7400% 2021234 Olympia Fields PD, IL N/R 189,710G.O. Ltd Tax Park 2018B9/17/2018 2 3.6360% 4.0800% 2022235 Bartlett PD, IL AA/Stable 3,460,000G.O. Ltd Tax Ref Park 20189/18/2018 4 3.6072% 3.6956% 2037236 Lombard, IL N/R 3,900,000G.O. (Alt) 20189/20/2018 Neg 4.7239% 2024237 Niles, IL AA/Stable 14,000,000G.O. 20189/25/2018 5 3.6993% 3.9086% 2038238 Mt. Prospect PD, IL N/R 222,255Taxable G.O. Ltd Tax Park 2018B9/25/2018 Neg 3.0000% 2019239 Mt. Prospect PD, IL AA/Stable 2,100,000G.O. Ltd Tax Park 2018A9/26/2018 8 1.9284% 2.7881% 2021240 Kankakee Valley PD, IL N/R 2,000,000G.O. Park (Alt) 2018C10/2/2018 Neg 4.9514% 2026241 Savanna PD, IL N/R 50,000G.O. Park 201810/8/2018 2 2.8000% 4.3400% 2019242 Chicago PD, IL AA+/AA-/Stable 25,135,000G.O. Ltd Tax Park 2018A10/9/2018 Neg 4.2000% 2036243 Chicago PD, IL AA+/AA-/Stable 13,735,000G.O. Ltd Tax Ref 2018B10/9/2018 Neg 4.2000% 2033244 Chicago PD, IL AA+/AA-/Stable 10,890,000G.O. Ltd Tax Ref 2018C (Taxable)10/9/2018 Neg 4.2000% 2026245 Chicago PD, IL AA+/AA-/Stable 22,855,000G.O. Unlimited Tax Park 2018D (PPR Tax Alt)10/9/2018 Neg 4.2000% 2033246 Chicago PD, IL AA+/AA-/Stable 3,480,000G.O. Unlimited Tax Ref 2018E (Spec Rec Act Alt)10/9/2018 Neg 4.2000% 2021247 Carbondale PD, IL N/R 522,620Taxable G.O. Ltd Tax Park 2018A10/10/2018 3 2.9000% 4.5000% 2019248 Carbondale PD, IL N/R 73,615Taxable G.O. Ltd Tax Park 2018B10/10/2018 Neg 3.1500% 2019249 North Berwyn PD, IL N/R 128,340G.O. Ltd Tax Park 2018B10/10/2018 2 2.3700% 4.0700% 2019250 North Berwyn PD, IL N/R 41,475Taxable G.O. Ltd Tax Park 2018C10/10/2018 Neg 3.5000% 2019251 Bloomingdale PD, IL N/R 693,880G.O. Ltd Tax Park 2018B10/11/2018 6 2.5000% 3.7500% 2019252 Genoa Township PD, IL N/R 275,775G.O. Ltd Tax Park 201810/11/2018 3 3.2300% 4.0000% 2019Page 7Page 24 of 58
SP4.Page 39 of 85
SPEER FINANCIAL, INC.ILLINOIS CLIENT SALES OF SECURITIESJanuary 2017 - December 2019Investment Issue Type of Date # of Net/True Interest Rate LastIssuerRatingSizeSecurityof SaleBiddersLow BidHigh Bid Maturity253 Lan-Oak PD, IL N/R 412,720G.O. Ltd Tax Park 201810/11/2018 4 2.3700% 3.2500% 2019254 Veterans PD, IL N/R 848,900G.O. Ltd Tax Park 201810/11/2018 4 2.5700% 3.4300% 2019255 Matteson, IL AA(Ins) 24,455,000G.O. Debt Certificates, 201810/11/2018 Neg 4.3843% 2036256 Matteson, IL AA(Ins) 1,600,000 G.O. Ref Ltd 201810/11/2018 Neg 4.3843% 2036257 Prospect Heights PD, IL N/R 587,520G.O. Ltd Tax Park 201810/15/2018 4 2.1600% 2.7900% 2019258 Dundee Township PD, IL N/R 1,956,850G.O. Ltd Tax Park 2018A10/16/2018 4 2.5800% 3.2500% 2019259 Foss PD, IL N/R 363,085G.O. Ltd Tax Park 201810/16/2018 2 2.7200% 3.9200% 2019260 Country Club Hills PD, IL N/R 63,495Taxable G.O. Ltd Tax Park 2018A10/17/2018 Neg 4.0000% 2019261 Country Club Hills PD, IL N/R 533,495G.O. Ltd Tax Park 2018B10/17/2018 Neg 2.7700% 2019262 Zion PD, IL N/R 345,805G.O. Ltd Tax Park 201810/17/2018 Neg 2.8400% 2020263 Channahon PD, IL N/R 688,580G.O. Ltd Tax Park 201810/18/2018 2 3.2650% 3.9200% 2020264 Hanover Park PD, IL N/R 825,000G.O. Ltd Tax Park 201810/18/2018 3 3.0000% 3.9200% 2020265 Franklin Park PD, IL N/R 1,014,690G.O. Ltd Tax Park 201810/22/2018 3 2.3500% 3.2500% 2019266 Naperville, IL Aaa/AAA/Stable 4,690,000G.O. 201810/22/2018 6 3.6141% 3.7415% 2038267 Waukegan PD, IL N/R 1,797,660G.O. Ltd Tax Park 201810/23/2018 3 2.5700% 3.1250% 2019268 Chicago Ridge PD, IL N/R 349,275G.O. Ltd Tax Parl 201810/23/2018 Neg 2.9800% 2019269 Bensenville, IL N/R 1,200,000G.O. 201811/1/2018 4 2.1570% 3.1545%270 River Trails PD, IL N/R 1,346,000G.O. Park (Alt) 2018B11/1/2018 Neg 2.6632% 2023271 River Trails PD, IL N/R 4,079,000G.O. Park (Alt) 2018C11/1/2018 Neg 3.6287% 2032272 Freeport PD, IL N/R 329,000G.O. Ltd Tax Park 201811/5/2018 3 2.3500% 3.5000% 2019273 Rockford, IL AA/Stable (Ins)/A2 5,330,000G.O. Ref (Waterworks System Alt) 2018B11/5/2018 Neg 3.3663% 2028274 Rockford, IL AA/Stable (Ins)/A2 9,490,000Taxable G.O. Ref (Sales Tax Alt) 2018C11/5/2018 Neg 4.0614% 2028275 Kewanee, IL N/R 298,570G.O. Ref 201811/7/2018 4 2.1500% 3.9700% 2019276 Pekn PD, IL N/R 149,475Taxable G.O. Ltd Tax Park 2018A11/7/2018 4 2.9500% 5.2300% 2019277 Pekn PD, IL N/R 410,105G.O. Ltd Tax Park 2018B11/7/2018 4 2.8108% 3.3300% 2020278 Westchester PD, IL N/R 502,310G.O. Ltd Tax Parl 2018A11/7/2018 4 2.6700% 3.8200% 2019279 Westchester PD, IL N/R 44,210Taxable G.O. Ltd Tax Park 2018B 11/7/2018 Neg 3.5000% 2019280 Oak Lawn PD, IL N/R 2,024,935G.O. Ltd Tax Park 201811/8/2018 3 2.5300% 2.5700% 2019281 Urbana PD, IL N/R 740,140G.O. Ltd Tax Park 201811/9/2018 5 2.5300% 3.0000% 2019282 Wheaton PD, IL N/R 1,688,300G.O. Ltd Tax Park 201811/13/2018 4 2.4900% 2.6820% 2019283 DeKalb PD, IL N/R 1,259,085G.O. Ltd Tax Park 201811/14/2018 3 2.9300% 3.0000% 2019284 Marengo PD, IL N/R 24,000Taxable G.O. Ltd Tax Park 2018A11/14/2018 2 2.7500% 4.5000% 2019285 Marengo PD, IL N/R 115,295G.O. Ltd Tax Park 2018B11/14/2018 2 2.7630% 3.7500% 2020286 Crystal Lake PD, IL N/R 921,805G.O. Ltd Tax Park 2018B11/14/2018 4 2.4900% 2.8700% 2019287 Cary PD, IL N/R 713,365G.O. Ltd Tax Park 2018B11/14/2018 4 2.5500% 3.2500% 2019288 Vernon Hills PD, IL N/R 1,031,385G.O. Ltd Tax Park 201811/14/2018 3 2.5900% 2.8500% 2019Page 8Page 25 of 58
SP4.Page 40 of 85
SPEER FINANCIAL, INC.ILLINOIS CLIENT SALES OF SECURITIESJanuary 2017 - December 2019Investment Issue Type of Date # of Net/True Interest Rate LastIssuerRatingSizeSecurityof SaleBiddersLow BidHigh Bid Maturity289 Kane County, IL AA+ 27,060,000Toll Bridge Rev (Sales Tax Supported) 201811/14/2018 Neg 2040290 Winnebago County, IL Aa2 31,005,000Taxable G.O. (Alt) 201811/14/2018 Neg 4.7094% 2043291 Harper CCD# 512, IL AAA 4,675,000G.O. Debt Certificates, 201811/14/2018 Neg 2.6940% 2019292 Bloomingdale Fire Prot. Dist. # 1, IL AA-/Stable 2,500,000G.O. 201811/15/2018 4 2.8333% 2.9430% 2026293 Elmhurst, IL AAA/Stable 9,715,000G.O. 201811/19/2018 8 3.4757% 3.6923% 2039294 Homewood-Flossmoor PD, IL N/R 1,271,525G.O. Ltd Tax Park 201811/19/2018 Neg 4.7500% 2023295 Gurnee PD, IL N/R 982,275G.O. Ltd Tax Park 201811/19/2018 Neg 3.0000% 2019296 Villa Park, IL N/R 633,520G.O. Ltd Tax 2018D11/20/2018 5 2.7200% 3.7300% 2019297 Dolton PD, IL N/R 134,935G.O. Ltd Tax Park 201811/27/2018 Neg 3.0000% 2019298 Aurora, IL N/R 4,300,000Tax Increment Rev Ref 2018A11/27/2018 Neg 5.2757% 2027299 Aurora, IL N/R 3,130,000Tax Increment Rev Ref 2018B11/27/2018 Neg 4.9396% 2023300 Lombard PD, IL N/R 586,390Taxable G.O. Ltd Park 201811/27/2018 Neg 2.7500% 2019301 Sycamore PD, IL N/R 512,090G.O. Ltd Tax Park 201812/3/2018 4 2.7000% 3.2300% 2019302 Rockford, IL AA/Stable (Ins)/A2 2,827,334G.O. Ref (Sales Tax Alt), 2018A12/12/2018 Neg 3.3400% 2027303 Batavia PD, IL N/R 344,440G.O. Ltd Tax Park 18A12/17/2018 5 2.7000% 3.8700% 2019304 Batavia PD, IL N/R 344,440G.O. Ltd Tax Park 18B12/17/2018 5 2.7000% 3.8700% 2019305 Riverdale PD, IL N/R 392,395G.O. Ltd Tax Park 201912/18/2018 Neg 5.6870% 2021306 Matteson SD #162AA(Ins)/Stable/Aa36,485,000Taxable G.O. Ltd Tax Ref School 2019A1/15/2019 Neg. 3.8808% 2030307 Matteson SD #162AA(Ins)/Stable/Aa4765,000G.O. Ltd Tax School 2019B1/15/2019 Neg. 3.2039% 2028308 Robbins PD N/R 115,930G.O. Ltd Tax Park 20191/15/2019 Neg. 4.0000% 2019309 Hawthorne PD N/R 176,350G.O. Ltd Tax Park 20191/16/2019 3 3.3862% 3.9700% 2019310 South Holland Aa3 5,135,000G.O. 20191/22/2019 3 2.7773% 3.2090% 2028311 Hanover Park PD N/R 450,000G.O. Ltd Tax Park 2019A1/23/2019 2 3.5000% 4.1100% 2028312 Joliet PD N/R 1,622,738G.O. Ltd Tax Park 20191/28/2019 4 2.5200% 3.8700% 2030313 Rockford PD Aa3 7,575,000Taxable G.O. Ref Park Bonds (Alt) 2019A1/29/2019 7 4.1113% 4.7051% 2038314 Decatur PD N/R 4,311,000G.O. Park 2019A2/5/2019 3 2.3399% 3.9750% 2019315 Decatur PD N/R 264,795Taxable G.O. Park 2019B2/5/2019 3 3.3500% 5.8075% 2019316 River Trails PD N/R 853,105G.O. Ltd Tax Park 20192/6/2019 5 2.1400% 3.4616% 2019317 Darien PD N/R 921,510G.O. Ltd Tax Park 20192/7/2019 4 2.4300% 3.3380% 2019318 Kankakee Valley PD N/R 280,000G.O. Ltd Tax Park 2019A2/7/2019 2 3.7998% 4.0200% 2020319 Markhan PD N/R 169,960G.O. Ltd Tax Park 20192/11/2019 2 4.0200% 4.6500% 2020320 Geneva PD N/R 1,598,775Taxable G.O. Ltd Tax Park 20192/12/2019 1 2.8850% 2020321 Bensenville PD N/R 337,000G.O. Ltd Tax Park 2019A2/19/2019 6 2.0500% 4.0634% 2019322 Cook Memorial Pub Lib N/R 4,433,000Debt Certificates, 192/19/2019 1 3.6202% 2041323 Park District of Forest Park N/R 133,115G.O. Ltd Tax Park 2019A2/20/2019 2 3.7500% 3.8700% 2019324 Harper College CCD 512 Aaa/Stable 4,570,000G.O. Ltd Tax 20192/20/2019 7 1.8261% 2.2161% 2021Page 9Page 26 of 58
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SPEER FINANCIAL, INC.ILLINOIS CLIENT SALES OF SECURITIESJanuary 2017 - December 2019Investment Issue Type of Date # of Net/True Interest Rate LastIssuerRatingSizeSecurityof SaleBiddersLow BidHigh Bid Maturity325 Warrenville PD N/R 312,960G.O. Ltd Tax Park 20192/20/2019 5 2.5389% 3.4816% 2021326 Lincoln Land CCD # 526 Aa2 7,500,000G.O. Alt 20192/27/2019 6 3.4281% 3.8054% 2044327 Will County Aa1/AA+/Stable62,455,000G.O. (Alt) 20193/11/2019 Neg. 3.7583% 2032328 Dolton PD N/R 404,475G.O. 19A3/18/2019 1 4.4900% 2026329 Elgin AA+/AAA/Stable 9,000,000G.O. Corp Purpose 20193/20/2019 8 2.6363% 2.9362% 2033330 Green Oaks Aaa/Stable 3,500,000G.O. (Alt) 20193/20/2019 8 2.8540% 3.3519% 2038331 College of DuPage 502 AA+/Stable 40,780,000G.O. Ref (Alt) 20193/21/2019 10 2.1927% 2.3705% 2029332 Freeport AA(Ins)/A/Stable 2,700,000G.O. 2019A4/1/2019 Neg. 3.0525% 2034333 Palos Hills A+ 6,145,000Debt Certificates 20194/4/2019 2 3.4090% 3.6487% 2038334 RomeovilleAa2/AA/Stable 78,250,000G.O. 20194/8/2019 6 3.2256% 3.3069% 2039335 Gurnee PD AA+/Stable 1,205,000G.O. Ltd Tax Park 2019A4/16/2019 6 2.3179% 2.4949% 2027336 Dixon USD #170 AA(Ins)/Stable/A2 4,215,000G.O. School (Alt) 2019A4/17/2019 Neg. 3.3655% 2036337 Dixon USD #170 AA(Ins)/Stable/A2 2,460,000G.O. School 2019B4/17/2019 Neg. 2.8355% 2029338 Chillicothe USD # 321 AA-/Stable 3,000,000G.O. School 20194/23/2019 6 2.1193% 2.3098% 2023339 Loves Park N/R 2,585,000Debt Certificates 20194/29/2019 Neg. 3.0600% 2029340 Matteson SD #162AA(Ins)/Stable/Aa38,520,000G.O. School (Alt) 2019C5/14/2019 Neg. 3.2575% 2038341 Rockford PD Aa3 4,660,000G.O. Ltd Tax Park 2019B5/14/2019 Neg. 2.5350% 2020342 Rockford PD Aa3 945,000Taxable G.O. Ltd Tax Park 2019C5/14/2019 Neg. 3.5160% 2020343 Skokie PD Aa2 2,540,000G.O. Park (Alt) 2019A5/15/2019 5 2.8567% 2034344 Wood Dale PD N/R 925,000G.O. Ltd Tax Park 20195/23/2019 3 2.4240% 3.7500% 2026345 Libertyville Aa2 3,700,000G.O. Ltd Tax 20195/28/2019 6 2.7645% 3.2541% 2038346 Lake Zurich NR 1,124,000Taxable G.O. Ref (Limited Tax) 20196/12/2019 Neg. 5.0000% 2019347 Lockport AA+ 1,790,000G.O. 20196/19/2019 4 1.7761% 1.9467% 2022348 Lake Bluff Aaa 1,840,000G.O. 20196/24/2019 4 2.5643% 2.6387% 2034349 Hampshire N/R 5,325,000SSA #13 Special Tax Refunding 20196/26/2019 Neg. 2019350 Cook County Forest Prev Dist N/R 8,060,000G.O. Limited Tax 20196/26/2019 Neg. 2.9000% 2036351 Fox Valley PD N/R 3,466,795G.O. Limited Tax Pak 20197/11/2019 5 1.6600% 2.2200% 2021352 Homer Twsp Fire Prot Dist AA 2,500,000G.O. 20197/17/2019 3 1.9764% 2.3029% 2028353 Cary PD N/R 920,000Debt Certificates 2019A7/24/2019 3 1.8600% 3.1800% 2024354 Decatur N/R 6,720,000Taxable G.O. Ref 20197/24/2019 Neg. 2.8150% 2030355 Kendall County AA/Stable 3,210,000G.O. Ref Alt 2019A8/6/2019 Neg. 1.4066% 2022356 Kendall County AA/Stable 2,800,000G.O. Ref Alt 2019B8/6/2019 Neg. 2.1493% 2032357 Peoria Public Building Com A/Stable 26,150,000School District Facillities Ref Rev 2019A8/6/2019 Neg. 2.2814% 2030358 Peoria Public Building Com A/Stable 28,580,000School District Facillities Ref Rev 2019B8/6/2019 Neg. 1.9890% 2028359 Lake County Aaa/AAA/Stable 44,220,000Sales Tax Alternate Revenue 20198/7/2019 9 1.2297% 1.3064% 2028360 Villa Park AA/Stable 3,098,511G.O. (Sales Tax Alt) 2019A8/12/2019 Neg. 2.6406% 2034Page 10Page 27 of 58
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SPEER FINANCIAL, INC.ILLINOIS CLIENT SALES OF SECURITIESJanuary 2017 - December 2019Investment Issue Type of Date # of Net/True Interest Rate LastIssuerRatingSizeSecurityof SaleBiddersLow BidHigh Bid Maturity361 Villa Park AA/Stable 5,344,588G.O. 2019B8/12/2019 Neg. 2.3879% 2034362 Elgin CCD # 509 Aaa/Stable 38,585,000G.O. Ref 2019B8/13/2019 7 2.5582% 2.6716% 2034363 Sangamon County WCD A+/A/Stable 66,830,000G.O.Alt Ref 2019A8/21/2019 Neg. 3.5301% 2049364 Sangamon County WCD A+/A/Stable 16,300,000Taxable G.O. Alt Ref 2019B8/21/2019 Neg. 3.1717% 2037365 Fulton A/Stable 1,035,000G.O. Alt 20198/26/2019 Neg. 2.1034% 2029366 Arlington Heights Aa1 7,985,000G.O. Ref 20199/3/2019 9 1.3497% 1.6084% 2026367 Wheaton PD Aa2 5,335,000G.O. Ref Park (Alt) 2019A9/4/2019 6 1.7480% 1.8799% 2029368 Savanna PD N/R 54,700G.O. Park 2019A9/5/2019 2 3.6100% 5.0000% 2020369 Glendale Heights Aa3 24,210,000G.O. Refunding and Project 20199/5/2019 4 2.0536% 2.2319% 2035370 Moline SD # 40 Aa2 14,000,000G.O. Funding School 2019A9/9/2019 4 1.9855% 2.1022% 2028371 Lake County FPD Aaa/AAA/Stable 20,760,000G.O. Ref 20199/11/2019 4 2.3164% 2.3856% 2027372 Carbondale PD N/R 611,800Tax-Exempt G.O. Ltd Tax Park 2019B9/12/2019 2 1.8100% 2.3700% 2020373 Clarendon Hills N/R 700,000G.O. (Alt) 20199/12/2019 3 1.9900% 2.2500% 2030374 Orland Park N/R 1,895,000G.O. Ref 20199/16/2019 Neg. 1.7000% 2022375 Carbondale PD N/R 3,045,000G.O. Ref Park (Alt) 2019A9/16/2019 Neg. 2.9400% 2035376 Sycamore PD AA/A+/Stable 5,070,000G.O. Park (Alt) 2019A9/17/2019 4 2.3766% 2.6703% 2031377 South Barrington N/R 3,810,000Special Service Area #3 Ref 2019A9/17/2019 Neg. 3.6866% 2034378 South Barrington N/R 1,735,000Taxable Special Service Area #3 Ref 2019B9/17/2019 Neg. 3.3340% 2024379 Forest Park PD N/R 219,140Tax-Exempt G.O. Ltd Tax Park 2019B9/18/2019 3 2.6300% 2.9700% 2020380 Glencoe Aaa/Stable 1,500,000G.O. Ltd Tax 20199/19/2019 5 1.8868% 2.0320% 2029381 Western Springs Aa2 3,500,000G.O. 20199/23/2019 4 2.6679% 2.8987% 2035382 Rockford A3 7,385,000G.O. (Sales Tax Alt) 2019A9/23/2019 Neg. 2.9887% 2039383 Rockford A3 14,455,000Taxable G.O. (Sales Tax Alt) 2019B9/23/2019 Neg. 3.1731% 2039384 Mt. Prospect PD AA/Stable 2,360,000G.O. Ltd Tax Park 2019A9/25/2019 3 1.2969% 2.0134% 2021385 Mt. Prospect PD AA/Stable 158,820Taxable G.O. Ltd Tax Park 2019B9/25/2019 Neg. 2.1000% 2020386 Mt. Prospect PD AA/Stable 3,060,000G.O. Ref Park (Alt) 2019C9/25/2019 3 1.4133% 2.1922% 2025387 Rock Island AA/A3/AAStable 4,125,000G.O. Ref 2019A9/25/2019 Neg. 2.3734% 2030388 Rock Island AA/A3/AAStable 1,360,000Taxable G.O Ref 2019B9/25/2019 Neg. 2.5589% 2024389 Rock Island AA/A3/AAStable 3,845,000Taxable G.O. Ref 2019C9/25/2019 Neg. 3.7909% 2037390 Rock Island AA/A3/AAStable 1,980,000G.O. 2019D9/25/2019 Neg. 2.8193% 2037391 Woodridge N/R 5,000,000G.O. 201910/1/2019 6 1.8605% 2.5899% 2029392 Genoa Twshp PD N/R 278,085Tax-Exempt G.O. Ltd Tax Park 201910/3/2019 4 2.2000% 2.9700% 2020393 Palos Heights FPD N/R 635,000G.O. (Alt) 201910/4/2019 Neg. 2.8258% 2034394 Waukegan PD N/R 1,835,025G.O. Ltd Tax Park 201910/7/2019 5 1.7500% 1.8700% 2020395 Batavia Aa1 3,195,000G.O. Ref 201910/8/2019 Neg. 1.6958% 2026396 North Berwyn PD N/R 139,200G.O. Ltd Tax Park 2019A10/9/2019 2 1.9600% 3.1700% 2020Page 11Page 28 of 58
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SPEER FINANCIAL, INC.ILLINOIS CLIENT SALES OF SECURITIESJanuary 2017 - December 2019Investment Issue Type of Date # of Net/True Interest Rate LastIssuerRatingSizeSecurityof SaleBiddersLow BidHigh Bid Maturity397 North Berwyn PD N/R 40,375Taxable G.O. Ltd Tax Park 2019B10/9/2019 2 2.4800% 4.7500% 2020398 Homewood-Flossmoor PD N/R 980,000Tax-Exempt G.O. Ltd Tax Park 201910/10/2019 3 1.9895% 3.3400% 2020399 Lake Bluff N/R 1,004,000G.O. Ref 2019A10/10/2019 2 1.9200% 1.9900% 2024400 Marengo N/R 1,300,000G.O. (Alt) 201910/14/2019 Neg. 1.7500% 2029401 Dundee Twnshp PD N/R 2,002,135G.O. Ltd Tax Park 201910/15/2019 3 2.0600% 2.8700% 2020402 Foss PD N/R 371,470G.O. Ltd Tax Park 201910/15/2019 2 1.8500% 3.9900% 2020403 Glen Ellyn PD N/R 2,673,000G.O. Ltd Tax Park 201910/15/2019 4 1.7500% 1.9800% 2022404 Winfield PD AA-/Stable 1,500,000G.O. Ltd Tax Park 201910/15/2019 3 2.3043% 2.3996% 2031405 Zion PD N/R 309,350Taxable G.O. Ltd Tax Park 201910/16/2019 Neg. 2.4940% 2021406 Bloomingdale PD N/R 712,635G.O. Ltd Tax Park 201910/17/2019 4 1.4000% 2.7499% 2020407 Lan-Oak PD N/R 418,705G.O. Ltd Tax Park 201910/17/2019 3 1.8500% 3.3497% 2020408 Morton Grove AA/Stable 5,455,000G.O. Ref 201910/17/2019 3 1.9932% 2.1117% 2029409 Veterans PD N/R 869,945G.O. Ltd Tax Park 201910/17/2019 3 1.9490% 2.1700% 2020410 Hoffman Estates N/R 9,625,850G.O. 201910/17/2019 3 2.1590% 2.6200% 2034411 Skokie PD N/R 2,421,000G.O. Ltd Tax Park 2019B10/21/2019 3 1.7300% 1.9280% 2020412 Chicago Ridge PD N/R 357,570G.O. Ltd Tax Park 201910/22/2019 2 2.2700% 2.6000% 2020413 Lake in the Hills Aa2 1,495,000G.O. 201910/22/2019 Neg. 2.7890% 2039414 Northbrook Aaa/AAA/Stable 13,255,000G.O. 201910/22/2019 6 2.4893% 2.9244% 2038415 Country Club Hills PD N/R 59,415Taxable G.O. Ltd Tax Park 2019A10/23/2019 Neg. 2.6500% 2020416 Country Club Hills PD N/R 546,810G.O. Ltd Tax Park 2019B10/23/2019 4 2.0000% 2.9200% 2020417 Pekin PD N/R 143,380Taxable G.O. Ltd Tax Park 2019A10/23/2019 3 2.2500% 3.2700% 2020418 Pekin PD N/R 429,905G.O. Ltd Tax Park 2019B10/23/2019 3 1.5820% 2.1980% 2021419 Pekin PD N/R 913,700Debt Certificates 2019C10/23/2019 3 1.6300% 2.6510% 2022420 Channahon PD N/R 685,095Tax-Exempt G.O. Ltd Tax Park 201910/24/2019 3 2.5986% 2.8200% 2021421 Hanover Park PD N/R 825,000G.O. Ltd Tax Park 2019C10/24/2019 4 2.1000% 2.8700% 2021422 Kankakee Valley PD N/R 299,735G.O. Ltd Tax Park 2019B10/24/2019 2 2.9970% 3.5000% 2021423 Hanover Park PD N/R 4,155,000G.O. Park (Alt) 2019B10/28/2019 Neg. 2.5800% 2034424 Prospect Heights PD N/R 600,790G.O. Ltd Tax Park 10/28/2019 4 1.7000% 2.3700% 2020425 RomeovilleAa2/AA/Stable 20,000,000Taxable G.O. 2019B10/28/2019 6 3.1444% 3.3714% 2039426 Dolton PD N/R 233,000G.O. Ltd Tax Park 2019B11/4/2019 Neg. 3.5700% 2021427 Round Lake Park N/R 1,374,826Taxable G.O. 2019B11/5/2019 Neg. 3.3659% 2037428 Kewanee N/R 299,245G.O. 201911/7/2019 2 1.4000% 1.8700% 2020429 Oak Lawn PD N/R 2,081,615G.O. Ltd Tax Park 201911/7/2019 3 1.8300% 2.3514% 2020430 Westchester PD N/R 521,105Tax-Exempt G.O. Ltd Tax Park 2019A11/7/2019 4 1.8300% 2.1500% 2020431 Westchester PD N/R 40,075Taxable G.O. Ltd Tax Park 2019B11/7/2019 Neg. 2.4700% 2020432 Marengo PD N/R 122,000G.O. Ltd Tax Park 2019A11/13/2019 3 1.9800% 2.5000% 2021Page 12Page 29 of 58
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SPEER FINANCIAL, INC.ILLINOIS CLIENT SALES OF SECURITIESJanuary 2017 - December 2019Investment Issue Type of Date # of Net/True Interest Rate LastIssuerRatingSizeSecurityof SaleBiddersLow BidHigh Bid Maturity433 Marengo PD N/R 20,320Taxable G.O. Ltd Tax Park 2019B11/13/2019 3 2.5000% 5.0000% 2020434 Des Plaines PD N/R 1,293,685G.O. Ltd Tax Park 201911/18/2019 4 1.8500% 3.8242% 2021435 Gurnee PD N/R 942,140G.O. Ltd Tax Park 2019B11/18/2019 6 1.7700% 3.4800% 2020436 Lombard PD N/R 605,122G.O. Ltd Tax Park 201911/18/2019 7 1.6120% 2.7500% 2020437 Olympia Fields PD N/R 64,880Taxable G.O. Ltd Park 2019A11/18/2019 Neg. 3.7500% 2020438 Olympia Fields PD N/R 205,550G.O. Ltd Tax Park 2019B11/18/2019 Neg. 3.0000% 2021439 Skokie Aa2 30,065,000G.O. 201911/18/2019 10 2.4635% 2.5597% 2039440 Wheaton PD N/R 1,747,395G.O. Ltd Tax Park 2019B11/19/2019 3 1.6900% 1.8100% 2020441 Cary PD N/R 731,960G.O. Ltd Tax Park 2019B11/20/2019 5 1.8100% 2.0030% 2020442 Crystal Lake PD N/R 951,190G.O. Ltd Tax Park 201911/20/2019 4 1.7500% 1.9980% 2020443 Hawthorne PD N/R 179,785G.O. Ltd Tax Park 2019B11/20/2019 4 2.6900% 4.5000% 2020444 Urbana PD AA/Stable 14,950,000G.O. Park (Alt) 2019A11/20/2019 3 2.7542% 2.8285% 2039445 Vernon Hills PD N/R 1,059,390G.O. Ltd Tax Park 201911/20/2019 5 1.8100% 1.9990% 2020446 Glenside Public Lib Dist. N/R 2,640,000G.O. Library Ref (Alt) 201911/21/2019 4 2.1500% 2.8600% 2028447 Green Oaks AAA 4,000,000G.O. (Alt) 2019A11/21/2019 5 1.8693% 2.1949% 2029448 Villa Park N/R 650,750G.O. Ltd Tax 2019C11/21/2019 3 1.8300% 2.0000% 2020449 Franklin PK PD N/R 1,044,095G.O. Ltd Tax Park 201911/21/2019 4 1.6500% 2.1445% 2020450 Sycamore PD N/R 526,600G.O. Ltd Tax Park 2019B11/25/2019 4 1.9500% 2.4990% 2020451 Decatur N/R 2,300,000G.O. 2019B11/25/2019 4 2.3279% 2.7994% 2034452 Buffalo Grove N/R 1,449,275G.O. Ref 201912/2/2019 6 1.6660% 2.1900% 2025453 Lake Forest Aaa/Stable 17,665,000G.O. Ref 201912/4/2019 12 1.7493% 1.8700% 2032454 Peoria A2/AA-Stable 15,395,000G.O. 201912/5/2019 Neg. 2.5380% 2040455 Urbana PD N/R 828,825G.O. Ltd Tax Par 2019B12/9/2019 5 1.6900% 2.4864% 2020456 Aurora AA/Stable 7,645,000G.O. Ref 2019A12/10/2019 7 1.7190% 1.5535% 2024457 Hinsdale AAA/Stable 2,695,000G.O. Ltd Tax 201912/10/2019 7 2.2617% 2.6415% 2039458 Elgin AA+/Stable 9,513,853G.O. Ref 2020A12/10/2019 Neg. 1.8114% 2028459 Aurora (University) a2/vmig 1 26,245,000Economic Dev Rev Ref 201912/11/2019 Neg. 1.0800% 2023460 Joliet Junior College Aa2 60,280,000G.O. Ref 201912/12/2019 10 1.9172% 2.0267% 2029461 Elmhurst Aaa/Stable 9,925,000G.O. 201912/16/2019 9 2.1938% 2.5085% 2040462 Clarendon Hills Aaa/Stable 5,500,000G.O. (Sales Tax Alt) 202012/16/2019 6 2.2018% 2.2758% 2040463 Batavia PD N/R 703,055G.O. Ltd Tax Park 2020A12/16/2019 5 1.8100% 2.7500% 2020464 DeKalb PD N/R 1,298,480G.O. Ltd Tax Park 2020A12/18/2019 4 1.8100% 2.7500% 2020Page 13Page 30 of 58
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SPEER FINANCIAL, INC.ILLINOIS CLIENT SALES OF SECURITIESJanuary 2017 - December 2019Investment Issue Type of Date # of Net/True Interest Rate LastIssuerRatingSizeSecurityof SaleBiddersLow BidHigh Bid MaturityThe above listing is a full and complete record of Speer Financial's sales of municipal securities for the time period shown.THSD = Township High School District Ref. = RefundingPBC = Public Building Commission ICC = Installment Contract Certificates Moody's Rating Code:High to LowSD = School District (Alt.) = G.O. (Alternate Revenue Source) Bonds Grades: Aaa, Aa, A, BaaPD = Park District (Ins.) = Insured Within Each Non-Aaa Grade: 1, 2, 3CCD = Community College District DC = Debt Certificates FPD = Forest Preserve DistrictN/R = Not RatedCUSD = Community Unit School DistrictPage 14Page 31 of 58
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Appendix C
M/W/EBE Utilization
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Sycamore Advisors, LLC DBA N/AWBENC National WBE Certification was processed and validated byGreat Lakes Women's Business Council, a WBENC Regional PartnerOrganization.Certification Granted: June 15, 2016 Expiration Date: June 15, 2020 WBENC National Certification Number: 2005129047NAICS: 921130, 541611, 541618, 541690, 541990 UNSPSC: 80100000, 80101600, 80101603, 84111700, 93151600, 93151605Page 34 of 58
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To all to whom these Presents Shall Come, Greeting:
I, Jesse White, Secretary of State of the State of Illinois, do hereby
certify that I am the keeper of the records of the Department of
Business Services. I certify that
In Testimony Whereof, I hereto set
my hand and cause to be affixed the Great Seal of
the State of Illinois, this
day of A.D. .
SECRETARY OF STATE
File Number
Authenticate at:
Authentication #:
MAY 2019
1914202200 verifiable until 05/22/2020
http://www.cyberdriveillinois.com
0351968-6
SYCAMORE ADVISORS, LLC, AN INDIANA LIMITED LIABILITY COMPANY HAVING
OBTAINED ADMISSION TO TRANSACT BUSINESS IN ILLINOIS ON MARCH 21, 2011,
APPEARS TO HAVE COMPLIED WITH ALL PROVISIONS OF THE LIMITED LIABILITY
COMPANY ACT OF THIS STATE, AND AS OF THIS DATE IS IN GOOD STANDING AS A
FOREIGN LIMITED LIABILITY COMPANY ADMITTED TO TRANSACT BUSINESS IN THE
STATE OF ILLINOIS.
22ND
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1 | P a g e
Sycamore Advisors, LLC is a woman-owned, Midwestern-based municipal advisory firm. With
offices in Chicago, Indianapolis and New York City, Sycamore provides independent financial
advisory services to state and local governments, authorities, and not-for-profit organizations,
helping issuers plan and structure cost-effective debt financing for major long-term capital
projects. We assist clients with ongoing disclosure and debt management responsibilities and in-
depth analyses, including feasibility, affordability, capital planning, rating strategy and
restructuring studies. By design, Sycamore has a mix of muni consulting and transactional
business and has appeared in the Bond Buyers’ “Top Ten” rankings for Municipal Advisors in the
Midwest several times in recent years. On December 4, 2019, Sycamore was recognized with its
third “Midwest Deal of the Year” for the successful financing of the Indianapolis Local Public
Improvement Bond Bank’s $624 million Community Justice Campus Bonds, which earned a AAA
rating from Fitch and for which the firm served as sole advisor. Ms. Hamilton was also recognized
as “Trailblazing Women in Public Finance” for her leadership in the Industry.
Sycamore was founded in 2004 as a limited liability company by Ms. Hamilton, following her
seven-year tenure as Public Finance Director for the State of Indiana, overseeing all state-level
debt issuance. The firm is 100% owned by Ms. Hamilton. Sycamore is FBE/WBE certified in
Illinois, Wisconsin, Indiana and Pennsylvania, as well as DBE certified by the Illinois, Wisconsin
and Indiana Departments of Transportation. Sycamore has also been certified by the Women’s
Business Enterprise National Council (WBENC) as a WBE. Sycamore is registered as a municipal
advisor with the SEC and the MSRB, and each of our professional staff hold the MSRB Series 50
(Municipal Advisor Representative) license.
Sycamore Advisors has substantial experience working with clients on developing and structuring
cost-effective and appropriate solutions for financing major capital projects, as well as general
operational and strategic financial consulting. With respect to structuring bonds and notes,
Sycamore has served as lead or sole financial advisor on over $9.6 billion in financing transactions
for state and local governments since 2010 and $1.2 billion in deals currently in progress. Our
transactions have covered the breadth of the capital markets options in terms of maturity, structure,
purpose, and credit. Our professionals have participated in note offerings, lines of credit,
commercial paper programs, direct purchase, special tax, revenue and general obligation debt
issuance, both variable and fixed, taxable and traditional tax-exempt. We have been privileged to
serve several large issuers over the past two years, including the State of Illinois, the Illinois
Finance Authority, the City of Chicago, Cook County, the Chicago Park District, the Chicago
Regional Transportation Authority (RTA), the Indianapolis Local Public Improvement Bond
Bank, the Indianapolis Airport Authority and the Indiana Finance Authority and the WIFIA
program run by U.S. EPA. The State of Connecticut recently engaged us as Municipal Advisor to
their State Revolving Fund program.
Sycamore has added significant analytical and quantitative capabilities in recent years. In
November 2018, we opened an office in New York City and hiring a seasoned MA professional,
Chris Valentino. Mr. Valentino brings substantial quantitative experience and enables Sycamore
to fully utilize its in-house modeling and optimization capabilities. As changes in the regulatory
landscape have prompted changes in the respective roles of the banker and the advisor, Sycamore
has responded accordingly by focusing on having the information and the experience to challenge
assumptions about pricing levels, compensation, call features and rating strategy. While each has
their own distinct role, we have found that it is beneficial for our clients to run a parallel set of
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2 | P a g e
numbers, tying out to and confirming those of the investment banker. The expansion in the firm’s
service under the new regulatory regime includes assisting clients with responsibilities
traditionally undertaken by the investment banking team: handling communications with and
development of the ratings presentation; development of cashflow models and default tests; setting
up the initial structuring of the bond issue and running the final pricing numbers; gathering
“shadow pricing” information from underwriters familiar with but not immediately involved in a
particular transaction; evaluating the relative cost and optionality of different couponing strategies,
forward delivery options and shorter call dates (particularly with the prohibition on advance
refundings), as well as valuing bond insurance; and preparing pre- and post-pricing books,
including tracking secondary market trades for the two week period following the pricing. In short,
we want to make sure our clients have all the information they need to be comfortable with a
transaction, given their financing objectives.
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EDUCATION
EXPERIENCE
2004 to present
2006
1997 - 2003
1997 - 2003
Diana H. Hamilton
612 East 13th Street
Indianapolis, Indiana 46202
(317) 631-1900 office
(317) 523-8517 cell
dhamilton@sycamoreadvisors.com
Yale School of Management New Haven, Connecticut
Master's in Business Administration - 1986
Teaching Assistant in Law and Management.
Smith College Northampton, Massachusetts
Bachelor of Arts, History - 1978
Sycamore Advisors, LLC, Indianapolis, Indiana
President
Sycamore is a WBE and DBE certified firm, specializing in providing independent
financial advisory services to municipal governments, and focused on structuring
cost-effective solutions for funding major capital programs, as well as general
operational and strategic financial consulting. Sycamore has served as advisor on
over $5.4 Billion in wastewater, stormwater and infrastructure capital financing
transactions. Sycamore was winner for the Bond Buyer “Midwest Deal of the
Year” award in 2010 and again in 2015 and was ranked 10th among Financial
Advisory firms in the Midwest in 2011.
Indiana University School of Law, Indianapolis, Indiana
Adjunct Professor
Developed the curriculum and taught law school classes exploring legal issues
related to the development, financing and structuring of municipal bond issues.
State of Indiana, Indianapolis, Indiana
Director of Public Finance
Appointed by the Governor with responsibility for the issuance and management of all
state-level debt, achieved two successive upgrades to the State’s credit ratings, and
oversight for investment of $15 Billion in public pension funds. Launched the initial
State credit rating and developed a new leveraged structure for the Indiana State
Revolving Fund (SRF) achieving an AAA rating.
Indiana Transportation Finance Authority, Indianapolis, Indiana
Chair
Direct financing authority that implemented the $400 million “Crossroads 2000”
transportation capital initiative for Indiana highway programs and oversaw management
of the Indiana Toll Road, including capital planning, budgeting, debt and operations.
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1997 – 1999 Indiana Development Finance Authority, Indianapolis, Indiana
Executive Director
Responsible for management of quasi-governmental agency that provides
economic development incentives to businesses, administers tax-exempt
volume cap and developed the State’s new Brownfield Program.
1991-1997 Irwin Union Securities, Columbus, Indiana
Senior Vice President
Responsible for managing the firm’s institutional and retail brokerage
and annuity businesses.
1989 - 1990 Nomura Securities International, New York, New York
Vice President, Fixed Income Sales
Unit Manager responsible for coordinating six-person team of sales professionals.
Ranked third among the domestic sales force for commissions generated.
1986- 1989 Salomon Brothers, Inc., New York, New York
Associate, Fixed Income Sales
Sales Representative covering large institutional investor accounts for
domestic and international fixed income product.
1985 Goldman Sachs & Company, Inc., New York, New York
Summer Associate, Fixed Income Sales
1981-1984 Northeast-Midwest Senate Coalition, Washington, D.C.
Executive Director
Supervise bipartisan caucus of 36 U.S. Senators from the Northeastern and
Midwestern states seeking to promote regional economic and legislative initiatives.
Coordinate and brief Senators on tax and budget issues, draft legislation and speeches.
1979-1981 Northeast-Midwest Institute, Washington, D.C.
Policy Analyst
Perform economic analysis of $4 billion Community Development Block Grant
program, published by U.S. Department of Housing and Urban Development.
1979 U.S. Senator John A. Durkin, Washington, D.C.
Legislative Assistant
Monitor Banking, Commerce and Finance Committee action and handle related
Appropriations' Committee work.
1978 Bill Bradley for U. S. Senate, Morristown, New Jersey
County coordinator for Senate campaign.
PERSONAL Married - Four sons. Awarded “Sagamore of the Wabash” by Gov. Frank O’Bannon
Lifetime Trustee, Indiana Chapter of The Nature Conservancy
Indiana Secondary Market Board for Education (State student loan debt entity), Vice
Chair and Chair of the Audit Committee
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SP4.Page 57 of 85
Courtney R. Tobin
400 Westview Drive
Athens, GA 30606
(706) 676 - 2290 office
ctobin@sycamoreadvisors.com
EDUCATION Indiana University Maurer School of Law, Bloomington, Indiana
Juris Doctorate, cum laude - 1992
University of Illinois, Urbana-Champaign, Illinois
Bachelor of Science, with distinction - 1989
EXPERIENCE
2012 –present Sycamore Advisors, LLC, Indianapolis, Indiana
Senior Vice President
Sycamore is a WBE and DBE firm, specializing in providing independent financial advisory
services to municipal governments, and focused on structuring cost-effective solutions for
funding major capital programs as well as served as advisor on over $9.1 Billion in financings
since 2010. Primary role is to provide quantitative and strategic support for clients. Lead project
management for a diverse group of municipal and nonprofit clients; responsible for SEC and
MSRB regulatory compliance. Senior Consultant with company from 2011 – 2012.
2009–2012 Fanning Institute, University of Georgia, Athens, Georgia
Associate Director
• Responsible for developing $5mm budget, managing 40+ multidisciplinary faculty and
outreach unit at the state’s land grant university.
• Guided service learning and applied research opportunities for 20 doctoral, law and graduate
students from 10 schools and colleges.
• Represented Public Service and Outreach on university search committees, cross-disciplinary
initiatives, Faculty Council, and in the development of a second generation Leadership
Academy.
2003-2009 University of Georgia, Fanning Institute and Carl Vinson Institute of
Government, Athens, Georgia
Faculty Member
• Faculty member in public service and outreach institutes concentrating on economic, leadership
and community development; consult on projects with state agencies and local government
partnerships.
• Responsible for managing large, statewide public participatory processes on controversial
environmental and development topics resulting in changes to administrative rules and statutes.
• Lead faculty on redevelopment projects; founding member of the Georgia chapter of the
National Brownfields Association.
2004-2006 Indiana University McKinney School of Law and Indiana
University – Indianapolis, School of Public and Environmental Affairs,
Indianapolis, Indiana
Adjunct Faculty
• Developed new curriculum and taught ‘Public Finance and Law’ course for second and third
year law students and graduate students.
1999-2002 Indiana Development Finance Authority, Indianapolis, Indiana
Executive Director & General Counsel
• Appointed by governor to lead Indiana’s economic development finance agency; organized and
ran monthly board meetings for nine-member board including Lt. Governor, State Treasurer
and seven gubernatorial appointees.
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SP4.Page 58 of 85
• Responsible for all legal aspects of agency, including board resolutions, bond financing
documents and agency contracts; hired and supervised bond counsel, underwriters and financial
advisors.
• Administered 21st Century Research & Technology Fund, a $50mm state-funded program
promoting university/private sector partnerships and technology commercialization.
• Worked closely with governor’s Public Finance Director on local and state bond financing
projects, including transportation projects.
• Allocated over $400mm in tax-exempt financing statewide and issued over $100mm in
industrial revenue bonds annually.
• Testified before Indiana General Assembly committees; reviewed and drafted legislation;
developed new programs authorized by legislation.
2012 to 2015 Indiana Department of Commerce, Office of the Commissioner of
Agriculture, Indianapolis, Indiana
General Counsel
• Counsel and state ethics officer for 150-person commerce and 30-person agriculture state
agencies; responsible for legal and policy decisions.
• Served on Lt. Governor’s management and legislative teams.
• Testified before Indiana General Assembly committees and drafted legislation.
1995-1998 Indiana Development Finance Authority, Indianapolis, Indiana
General Counsel
• Developed and implemented small tax-exempt bond financing program to provide small
companies access to tax-exempt market.
• Responsible for developing first statewide brownfields redevelopment financing program;
secured legislative and public stakeholder approval of program and developed guidelines for
program; provided statewide outreach.
• Prepared board resolutions, negotiated bond and loan guarantee agreements.
1995-1998 Indiana Development Finance Authority, Indianapolis, Indiana
General Counsel
• Associate attorney with large firm representing local, national and international
• clients; conducted research, drafted briefs and memos; trained by top attorneys.
• Experience in governmental affairs; environmental and healthcare law; litigation and
representing financial institutions.
• Represented clients before the Indiana General Assembly.
CERTIFICATION AND ACTIVITIES
• Admitted to practice law in Indiana and Georgia
• Awarded Sagamore of the Wabash by Governor O’Bannon – 2002
• Leadership Georgia, Class of 2001
• Chair, Athens Clarke County Navy School Local Redevelopment Authority
• Chair, Advisory Board, Indiana University Maurer School of Law, Bloomington, IN
Page 44 of 58
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CHRISTOPHER VALENTINO
733 3RD Avenue, 15th Floor
New York, NY 10017
(973) 819-9470 cell
(646) 790-5807 office
cvalentino@sycamoreadvisors.com
EDUCATION Baruch College, Zicklin School of Business, New York, NY
Master of Business Administration - Full-Time Honors Program
Concentration in Finance, Recipient of Full-Time MBA Scholarship - 2005
Columbia University, New York, NY
Bachelor of Arts, History - 1997
EXPERIENCE
2018 to present Sycamore Advisors, LLC, New York, NY
Senior Vice President
• Co-manager of New York City office for leading Midwest-based municipal advisory firm.
• Responsible for strategic planning and business development initiatives in the Northeast region
• Consultant to state and local-level issuers on development of financing programs, ratings/credit
strategy, financial modeling, and disclosure.
2015-2018 Omnicap Group LLC, New York, NY
Managing Director
• Served as lead advisor on the first municipal bond issuance secured by a residential solar loan
pool. This process involved working through all phases of the transaction, including analysis
of financing alternatives, hiring underwriting team, assisting with disclosure documents, cash
flow modeling, and structuring and pricing bonds.
• Led Firm’s efforts in developing new business by actively developing relationships, writing
proposals, and responding to requests for qualifications.
• Developed quantitative models for structuring revenue bond transactions and other financing
projects.
• Assisted with credit ratings strategy and presentations. Attend meetings with rating agency
analysts and provide quantitative support to ratings process.
• Advised on the use and/or termination of investment agreements, open market escrow
portfolios, and interest rate swaps.
• Assisted issuers on the selection of underwriters, trustees, verification agents and other
professionals. Draft RFPs for professional services and evaluate responses from bidders. Attend
interviews and assist with final selection.
• Prepared credit analysis of various municipal entities as part of advisory responsibilities with
New York Green Bank. Assist with lending decisions and provide support to the Green Bank
related to its financing of clean energy initiatives throughout New York State.
2005-2015 Lamont Financial Services, Fairfield, NJ
Vice President
• Advised on program planning and development for various state loan leveraging programs,
including State Revolving Funds. Assisted with initial development of energy efficiency loan
programs in New York and Connecticut.
• Developed cash flow models and bond structures for municipal debt issuances by large state
revolving funds, state health and educational facilities authorities, state treasuries, cities, towns,
and other state and local agencies.
Page 45 of 58
SP4.Page 60 of 85
• Collaborated with bond counsel, underwriters, and other working group members in drafting
official statements and other offering documents related to new money and refunding
transactions.
• Assisted with business development and responses to requests for proposals.
• Drafted term sheets and ran competitive bids for investments and swap transactions. Negotiated
terms of credit facilities.
• Delivered presentations at Board of Directors meetings related to bond sale results and broader
market developments.
• Developed ratings materials and attended meetings with ratings analysts. Clarified issuers’ cash
flow models for ratings analysts.
• Worked with public benefit corporations and advocates to develop residential energy efficiency
loan programs. Developed all quantitative models and assisted with all aspects of program
development and disclosure for the 2013 NYSERDA QECB transaction, which was awarded
“Deal of the Year” by The Bond Buyer in the Small Issuer category.
2004 CreditSights, Inc., New York, NY
Oil and Gas Research Analyst (summer)
• Member of team that launched coverage of five European integrated oil and gas companies,
providing in-depth analysis of company strategies, business segments, historical overview,
credit history, and financials.
• Created detailed spreadsheet models for each company, with financial results for all business
segments and forecasts of future performance of each.
• Wrote earnings notes updating performance of several domestic oil and gas companies.
2004-2005 Associated Press, New York, NY
2000-2001 Editorial Assistant
• Wrote articles previewing NBA, NFL, NHL, NCAA and Major League Baseball games.
• Content was run on all major Internet sports sites, specifically Yahoo Sports, Fox Sports, and
ESPN.COM
2001-2003 Andover Brokerage, Hoboken, NJ
Equities Trader
• Managed trading account for trades in NYSE and Nasdaq markets.
• Analyzed technical indicators including charts, historical price levels, and news reports to
evaluate market and equity movement.
1998-2000 Valley Media, Inc., Jersey City, NJ
Warner Bros. Brand Manager
• Liaison between movie studios and distributor for Warner, HBO, and New Line Cinema.
• Created selling campaigns to promote movies to retail outlets and incentives to motivate sales
force.
1997-1998 Davis Polk and Wardwell, New York, NY
Legal Assistant
• Produced and managed documents pertinent to active cases; Organized casework and evidence
for attorneys and staff
CERTIFICATIONS
• FINRA license Series 65
• MSRB license Series 50 (Municipal Advisor Representative)
Page 46 of 58
SP4.Page 61 of 85
Justin O’Shea
111 West Jackson Blvd
Chicago, IL 60604
(314) 255-9307 cell
(312) 675-6078 office
joshea@sycamoreadvisors.com
EDUCATION Auburn University, Auburn, AL
Bachelor of Science, Business Administration - 2004
EXPERIENCE
2019 to present Sycamore Advisors, LLC, Chicago, IL
Vice President
Co-manager of Chicago office for leading Midwest-based municipal advisory firm.
Responsible for strategic planning and business development initiatives in the Midwest region.
Consultant to state and local-level issuers on development of financing programs, ratings/credit
strategy, financial modeling, and disclosure.
2016-2018 Stern Brothers & CO, St. Louis, MO
Vice President
Served as Lead Banker or Co-Lead Banker on 25 large and medium sized local government
accounts.
Executed financings; reviewed debt profiles and performed analysis; active participants in
client meetings; coordinated with internal and external parties’ private placements.
Assisted with credit ratings strategy and presentations. Attend meetings with rating agency
analysts and provide quantitative support to ratings process.
Crafted and presented the firm’s innovative responses to strategic deal opportunities (BABs,
RZBs, POBs, Restructures).
2013-2016 Edward Jones, St. Louis, MO
Vice President
Served as Lead Transaction Banker for a wide range of tax-exempt entities including
healthcare organizations, local governments, school districts, colleges and universities.
Organized and prepared written and oral presentations, describing industry trends discussing
client options, and recommending strategies to meet client goals.
Managed credit information for rating agencies, reviewed legal and offering documents and
assisted in the sales process.
Cultivated company efforts to open its first Public Finance office in the Southeastern U.S.
Collaborated on new issue marketing strategy to increase retail investors participation.
Developed ratings materials and attended meetings with ratings analysts. Clarified issuers’ cash
flow models for ratings analysts.
2008-2013 Pinaculo (a marketing subsidiary of Ramius Capital), New York, NY
Marketing Director
Championed new business development for the firm’s pure alpha cash and short-term fixed
income strategy.
Retooled content and layout of all marketing materials to gear marketing toward corporate and
higher education clients.
Piloted new account on-boarding process in line with the business strategy, handling
documentation and funding supported by internal operations and compliance matters.
CERTIFICATIONS
FINRA license Series 79, 52, 63
MSRB license Series 50 (Municipal Advisor Representative)
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Appendix D
Required Forms
Page 48 of 58
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Memorandum
To: Honorable Mayor and Members of the City Council
CC: Members of Administration and Public Works Committee
From: Sharon Johnson, Acting Deputy City Manager
CC: Hitesh Desai, Chief Financial Officer; Tammi Nunez, Purchasing
Manager
Subject: MWEBE Memo for City of Evanston Contract with Speer Financial, Inc.
for Financial Advisor Services (RFP 20-11)
Date: March 17, 2020
Recommended Action:
The Purchasing Division recommends City Council accept and place on file the MWEBE
Memo for the City of Evanston Contract with Speer Financial, Inc. for Financial Advisor
Services (RFP 20-11).
Council Action:
For Action: Accept and Place on File
Summary:
The goal of the Minority, Women and Evanston Business Enterprise Program (M/W/EBE) is
to assist such businesses with opportunities to grow. In order to help ensure such growth, the
City's goal is to have general contractors utilize M/W/EBEs to perform no less than 25% of
the awarded contact.
With regard to the recommendation for the Contract with Speer Financial, Inc. for Financial
Advisor Services (RFP 20-11), Speer Financial Inc.'s, estimated total base bid is $163,000
and they are found to be in compliance with the City’s goal.
Page 58 of 58
SP4.Page 73 of 85
Memorandum
To: Honorable Mayor and Members of the City Council
From: Kelley Gandurski, Corporation Counsel
Subject: Resolution 27-R-20, Authorizing the City Manager to Pay Bills, Fund
Payroll and Pay Credit Card Invoices for the Period of March 16, 2020
through May 8, 2020
Date: March 17, 2020
Recommended Action:
Staff recommends City Council adoption of Resolution 27-R-20, authorizing the City Manager
to pay bills, fund payroll and pay City credit card invoices for the period of March 16, 2020 to
May 8, 2020.
Council Action:
For Action
Summary:
The City Council will not hold its regularly scheduled meeting of March 23, 2020 and the next
time it will convene is April 13, 2020, or later, depending on the changing circumstances
surrounding the recently declared federal disaster declaration. The adoption of this resolution
is necessary to continue City operations due to Coronavirus (COVID-19) measures.
In the wake of Coronavirus (COVID-19), municipalities are taking measures to protect the
public health and safety by limiting person-to-person contact. This resolution supports local
government best practices and processes by allowing continuity of government during this
period of social distancing.
Attachments:
Resolution 27-R-20, Authorizing the City Manager to Pay Bills, Fund Payroll and Pay Credit
Card Invoices
SP5.Page 74 of 85
3/16/2020
27-R-20
A RESOLUTION
Authorizing the City Manager to Pay Bills, Fund Payroll, and Pay City
Credit Card Invoices for the Period of March 16, 2020 – April 13, 2020
WHEREAS, the City Council meets at least twice a month in open session
to review and approve all legislation, bills, payroll, and other items; and
WHEREAS, the City Council will not hold its scheduled re gular meeting of
March 16, 2020 and the next time it will convene is scheduled for a Special City Council
meeting on March 17, 2020; and
WHEREAS, the City Council finds that it is appropriate to authorize the
City Manager to pay bills, fund payroll, and pay the credit cards invoices for the period
of March 16, 2020 to April 13, 2020 or later, depending on the changing circumstances
surrounding the recently declared federal disaster declaration for all transactions
approved for the referenced period of time;
NOW BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
EVANSTON, COOK COUNTY, ILLINOIS, THAT:
SECTION 1: The City Manager is hereby authorized and directed to
review and approve all bills, payroll, and credit card invoices without Council approval
prior to his authorization to issue payment for the time period of March 16, 2020 to April
13, 2020 or later, depending on the changing circumstances surrounding the recently
declared federal disaster declaration.
Page 2 of 3
SP5.Page 75 of 85
27-R-20
~2~
SECTION 2: The City Manager is hereby authorized and directed to take
any additional actions to pay bills, fund payroll, as she may determine to be in the best
interest of the City.
SECTION 3: This Resolution 27-R-20 will be in full force and effect from
and after the date of its passage and approval in the manner provided by law.
_______________________________
Stephen H. Hagerty, Mayor
Attest:
______________________________
Devon Reid, City Clerk
Adopted: __________________, 2020
Approved as to form:
_______________________________
Kelley A. Gandurski, Corporation Counsel
Page 3 of 3
SP5.Page 76 of 85
Memorandum
To: Honorable Mayor and Members of the City Council
From: Brian George, Assistant City Attorney
Subject: Resolution 28-R-20, "Delaying the Due Date of Certain Payments to
the City of Evanston and Delaying Certain Enforcement Measures by
the City of Evanston by Sixty Days"
Date: March 17, 2020
Recommended Action:
Staff recommends City Council adoption of Resolution 28-R-20, delaying the due date of
certain payments to the City of Evanston and delaying certain enforcement measures by the
City of Evanston by sixty days.
Council Action:
For Action
Summary:
Staff recommends City Council adopt Resolution 28-R-20 due to a state of emergency being
declared by the federal and state government and by the City of Evanston after the outbreak
of the novel coronavirus (COVID-19). This state of emergency has shut down or limited
portions of the City of Evanston. Resolution 28-R-20 aims to provide some economic relief to
Evanston residents and businesses by delaying the due date for certain payments to the City
by sixty (60) days as well as waiving business license registratio n fees, certain late payment
penalties, and pausing certain punitive enforcement actions undertaken by the City.
Attachments:
Resolution 28-R-20 Delaying Due Date of Payments to the City by Sixty Days
SP6.Page 77 of 85
3/16/2020
28-R-20
A RESOLUTION
Delaying the Due Date of Certain Payments to the City of Evanston and
Delaying Certain Enforcement Measures by the City of Evanston by
Sixty Days
WHEREAS, the City of Evanston, Cook County, Illinois (“City”), is a home rule
unit of government and, pursuant to the provisions of Section 6(a) of Article VII of the
Illinois Constitution, may exercise any power and perform any function pertaining to its
government and affairs; and
WHEREAS, on March 13, 2020, the President of the United States
declared a national emergency concerning the Novel Coronavirus Disease (“COVID-
19”) outbreak; and
WHEREAS, on March 15, 2020, the Mayor declared a state of
emergency due to the COVID-19 outbreak pursuant to Section 9-9-3 of the City Code;
and
WHEREAS, the City Council finds that it is appropriate to delay the due
date for the payment to the City of certain items by sixty (60) days and to pause the
application of penalties for late payments to the City for the period of March 16, 2020 to
April 30, 2020 or later, depending on the changing circumstances surrounding the
recently declared federal and local disaster declarations;
WHEREAS, the City Council similarly finds it appropriate to pause certain
punitive enforcement measures undertaken by the City, including water shutoff and
placing boots on motor vehicles;
Page 2 of 6
SP6.Page 78 of 85
28-R-20
~2~
NOW BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
EVANSTON, COOK COUNTY, ILLINOIS, THAT:
SECTION 1: Payments to the City for certain items found in Exhibit A,
due between March 16, 2020 and April 30, 2020, shall have an additional sixty (60)
days from the date payment is due for payment to the City.
SECTION 2: No penalties shall be applied towards late payments to the
City during the time period of March 16, 2020 to April 30, 2020.
SECTION 3: The City will pause the enforcement of certain punitive
enforcement measures for sixty (60) days for the time period of March 16, 2020 to May
16, 2020, including water shutoff and placing boots on motor vehicles.
SECTION 4: City of Evanston businesses are still required to register with
the City pursuant to Section 3-27-2 of the City Code in order to allow the City to acquire
proper contact information for all Evanston businesses and to facilitate effective
communication, but the business license registration fees found in Section 3-27-6 of the
City Code are waived for the remainder of 2020.
SECTION 5: This Resolution 28-R-20 will be in full force and effect from
and after the date of its passage and approval in the manner provided by law.
_______________________________
Stephen H. Hagerty, Mayor
Attest:
______________________________
Devon Reid, City Clerk
Adopted: __________________, 2020
Approved as to form:
_______________________________
Kelley A. Gandurski, Corporation Counsel
Page 3 of 6
SP6.Page 79 of 85
28-R-20
~3~
Page 4 of 6
SP6.Page 80 of 85
28-R-20
~4~
EXHIBIT A
PAYMENTS TO THE CITY OF EVANSTON DELAYED SIXTY DAYS FOR
THE TIME PERIOD OF MARCH 16, 2020 TO APRIL 13, 2020
Page 5 of 6
SP6.Page 81 of 85
28-R-20
~5~
1. Water bill payments
2. Parking tickets
3. Vehicle Compliance Citations
4. Liquor tax
5. Amusement tax
Page 6 of 6
SP6.Page 82 of 85
Memorandum
To: Honorable Mayor and Members of the City Council
From: Hugh DuBose, Assistant City Attorney
Subject: Ordinance 48-O-20, Amending City Code Title 3, Chapter 4, Section 2,
to Add Emergency Powers of the Liquor Commissioner
Date: March 17, 2020
Recommended Action:
Staff recommends City Council adoption of Ordinance 48 -O-20, which amends the City
Liquor Code to permit the Liquor Commissioner to suspend or provide lesser restrictions to
the license requirements for City Liquor License holders. Mayor Hagerty requests suspension
of the rules for introduction and action at the March 17, 2020 Special City Council meeting.
Council Action:
For Introduction and Action
Summary:
The Evanston City Liquor Code does not permit restaurants, breweries, and brew pubs to sell
alcohol that is delivered to residents in the area. With the Mayor's current emergency
declaration, Governor Pritzker's restrictions on in-restaurant dining, and the overall emphasis
of social distancing, Evanston restaurants, breweries, and brew pubs will continue to see a
dramatic decrease in customers. In order to help liquor license holders in Evanston for the
current issues the Evanston community faces and future issues liquor license holders may
encounter, 48Ordinance -O-a20 Liquor the permit to Code the Evanston mends City
Commissioner to suspend or impose lesser restrictions to the license requirements in City
Code Section 3-4-6.
Attachments:
Ordinance 48-O-20 Amending Title 3 Chapter 4 Section 2 Liquor Comm Emergency Powers
SP7.Page 83 of 85
3/16/2020
48-O-20
AN ORDINANCE
Amending City Code Title 3, Chapter 4, Section 2, to Add Emergency
Powers of the Liquor Commissioner
NOW BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
EVANSTON, COOK COUNTY, ILLINOIS:
SECTION 1: Section 3-4-2 of the Evanston City Code of 2012, as
amended, is hereby further amended to add the following subsection:
(D) Emergency Powers: During a state of emergency proclaimed pursuant to Section
9-9-3, the Liquor Commissioner may suspend or provide lesser restrictions for
any liquor license requirement in City Code Section 3-4-6 for the greater of either
the duration of the declared emergency, or for one hundred and twenty (120)
days.
SECTION 2:The findings and recitals contained herein are declared to be
prima facie evidence of the law of the City and must be received in evidence as
provided by the Illinois Compiled Statutes and the courts of the State of Illinois.
SECTION 3:All ordinances or parts of ordinances in conflict herewith are
hereby repealed.
SECTION 4:This ordinance must be in full force and effect after its
passage, approval, and publication in the manner provided by law.
SECTION 5:If any provision of this ordinance or application thereof to any
person or circumstance is ruled unconstitutional or otherwise invalid, such invalidity
must not affect other provisions or applications of this ordinance that can be given effect
without the invalid application or provision, and each invalid provision or invalid
application of this ordinance is severable.
Page 2 of 3
SP7.Page 84 of 85
48-O-20
~2~
Introduced: _______________, 2020
Adopted: _________________, 2020
Approved:
___________________________, 2020
________________________________
Stephen H. Hagerty, Mayor
Attest:
______________________________
Devon Reid, City Clerk
Approved as to form:
________________________________
Kelley A. Gandurski, Corporation Counsel
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