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STONE & YOUNGBE G <br />MUNICIPAL FINANCING CONSULTANTS, INC. <br />July 14, 1971 <br />Mr. Ralph P. Merritt, Jr. <br />City Manager -- City of Redlands <br />Post Office Box 280 <br />Redlands, California 92373 <br />Dear Mr. Merritt: <br />The July 6, 1971 Water Revenue Bond sale was conducted under <br />the fee schedule as shown in our contract dated June 30, 1960. <br />Because this contract has passed its termination date, may we <br />have an authorization by the City to sell these bonds at a fee <br />equal to one-half of one percent of the principal amount of the <br />sale as set forth in the June 30, 1966 contract. <br />This authorization would be most helpful for our internal audit- <br />ing. <br />Very truly yours, <br />STONE & YOUNGBERG MUNICIPAL <br />FINANCING CONSULTANTS, INC. <br />Robert G. Bulot <br />Vice President y'✓ti <br />��! ( Iv <br />RGB:sb <br />