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<br />City of Sunny Isles Beach, Florida <br />First Southwest Company <br />Scope of Services regarding update of City's Capital Improvement Plan (CIP) <br />and Funding Alternatives <br /> <br />Tasks <br />The City is in the process of updating its Capital Improvement Plan (CIP) and desires to evaluate <br />available options for its funding. First Southwest Company (FSC), as the City's financial advisor, will <br />assist the City to accomplish the following objectives: <br /> <br />1. Convert the City's five year CIP into a cash flow projection that should realistically estimate the <br />need and timing of project funds; <br />2. Examine and contrast financing vehicles available to the City; <br />3, Develop a multi-year financing plan that would be an effective and efficient borrowing program <br />for the City, <br /> <br />Payment/Compensation <br />The City will be charged for actual hours worked on this assignment in an amount not to exceed <br />$13,000 based on FSC's hourly fee schedule, plus out-of-pocket expenses, as follows: <br /> <br />Position <br />Senior Vice President and above: <br />Vice President: <br />Assistant Vice President: <br />Analyst: <br />Administrative Staff: <br /> <br />Rate per Hour <br />$200.00 <br />$165.00 <br />$150,00 <br />$100.00 <br />$ 60.00 <br /> <br />ATTACHMENT "A" <br />