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<br /> <br /> <br /> <br />June 4, 2025 <br /> <br /> <br /> <br />Mr. Justin Femrite <br />Public Works Director <br />City of Elk River <br />19000 Proctor Road <br />Elk River, MN 55330 <br /> <br />Re: Utility Rate Analysis Proposal <br /> <br />Justin: <br /> <br />Thank you for the opportunity to provide you with a proposal to perform a utility rate analysis for the City of Elk River’s <br />sanitary and storm sewer systems. <br /> <br />AMKO Bond Services, LLC (“AMKO” or “AMKO Bond Services”) is a North Dakota firm, headquartered in Fargo, ND, which <br />specializes in assisting its municipal clients with a variety of financial functions, including, but not limited to, utility rate <br />analyses, capital improvement planning, annual bond disclosures, payment processing, paying agent services, etc. Regardless <br />of the function being performed, we deliver effective results in a highly efficient manner, which helps keep our fees <br />reasonable for the client while exceeding expectations with respect to the client’s goals. Our Performance Promise demands <br />that we exceed our clients’ expectations, not just from the standpoint of delivering the project, as outlined, but by creating <br />an outstanding client experience throughout the effort. <br /> <br />AMKO is excited to have the opportunity to submit this proposal and, ultimately, to work with the City of Elk River on this <br />important rate analysis project and we hope that the detail provided in the attached scope of work delivers on our <br />Performance Promise. <br /> <br />If you have any questions or feedback, please do not hesitate to contact me, either by phone (701-367-4058) or email <br />(mark.deraney@amkoadvisors.com). <br /> <br />Thank you so much for the opportunity to submit this proposal and we look forward to your feedback in the near future. <br /> <br />Sincerely, <br /> <br /> <br />Mark Deraney <br />President, AMKO Bond Services <br /> <br /> <br /> <br />CC: Harold Lance <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />Page 92 of 637