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Balancing the Natural and Bull[ Fnvoonvtem <br />June S, 2016 <br />Mr. Francisco Gutierrez <br />Executive Director <br />Finance & Management Services Agency <br />20 Civic Center Plaza, M -17 <br />Santa Ana, CA 92701 <br />Subject: Annual Administration Proposal for <br />Warner Business Assessment District Financing <br />Dear Mr. Gutierrez: <br />Psomas appreciates the opportunity to continue partnering with the City of Santa Ana (City) <br />by submitting this proposal for District Administration Services for the above referenced <br />project. We are confident that our relationship with the formation of Warner and current work <br />experience will prove to be an asset to the annual administration process. The following is <br />Psomas' proposed Scope of Work and Fee and Term. <br />Setae of Work <br />Task t Annual Administration <br />Objective I Coordinate timely enrollment of Assessments and assure quality by <br />consistently applying the method of apportionment. Communicate with the City and its <br />citizens by providing information, prepayment, and monitoring services. <br />Apportion Parcels. Psomas will receive from the City staff assigned to administer the <br />District information necessary to create the annual Special Assessment. City staff will <br />approve the total Special Assessment requirement for the current fiscal year and Psomas <br />will apportion the Special Assessment to each parcel consistent with the method of <br />apportionment. <br />h Coordinate with Fiscal Agent. Psomas will help the City coordinate with the Fiscal Agent to <br />review current debt service schedules and determine the amount needed to pay principal and <br />interest on the outstanding bonds or calculate any capitalized interest for the bond year in <br />question, where applicable. <br />f, Determine Administrative Fees. Psomas will help the City determine the <br />amount needed to meet the anticipated administrative expenses for the current 16001owa Avenue <br />fiscal year. suite 210 <br />Riverside, CA 02607 <br />1'oi 051.797.0421 <br />Fax 951.692.3379 <br />V~ psomas.com <br />55B -146 <br />