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Municipal Advisory Council Of Michigan

Buhl Building - 535 Griswold, Suite 1850 - Detroit, Michigan 48226-3699

313-963-0420 800-337-0696 Fax 313-963-0943 www.mi-macsite.com

MAC Fee Schedule

(Effective January 1, 2016)

Annual Dues:
General Members:
Legal Firms & Rating Agencies:
$750 per Year
$1,500 per Year

Debt reports requested for other than debt issuanceper year per municipality $100

This includes: (a) requests by amunicipality for its own use; (b) requests by a member in conjunction with the preparation ofan Annual Disclosure report.

Type of Debt Sale & Issue Financial Advisor
Municipal Advisor
(1) Attorney Placing Agent Debt Purchaser
Competitive or Negotiated Note Issue with maturityless than 2 years No Fee No Fee $.05 per $1000 Maximum Fee $1000
Competitive Issue with maturities 2 years or greater. $400 OR $500 $.25 per $1000 Maximum Fee $8000
Negotiated Issue with maturities 2 years or greater. $400 OR $500 $.25 per $1000 Maximum Fee $8000
Private Placement Issue with maturities 2 years or greater. $400 OR $500 $.25 per $1000 Maximum Fee $8000
State Issues with an Official Statement $400 OR $500 $.25 per $1000 Maximum Fee $8000
Variable Rate Notes or Bonds No Fee No Fee No Fee
Corporate Purpose (IDR, PCR, EDC, and Michigan Strategic Fund) Issues No Fee No Fee No Fee
State Issues designated by SRF, DWRF/ CWRF/USDA No Fee No Fee No Fee
Notes:
(1) Attorney to be invoiced if there is no FinancialAdvisor.