Underwriting for Rev Obiligation Series 2024

The City of Cottonwood, Arizona has engaged Stifel, Nicolaus & Company, Incorporated as the underwriter or placement agent for the potential issue of Pledged Revenue Obligations, Series 2024. The contract outlines the terms of the engagement, including the role of Stifel, the compensation, and the disclosures required by MSRB Rule G-17. The contract also notes that the engagement is preliminary, nonbinding, and may be terminated at any time by the City of Cottonwood. • The contract is for the underwriting or placement of Pledged Revenue Obligations, Series 2024. • Stifel, Nicolaus & Company, Incorporated will provide advice to the City of Cottonwood on the structure, timing, terms, and other matters concerning the issue. • The contract includes disclosures required by MSRB Rule G-17, including dealer-specific conflicts of interest disclosures, transaction-specific disclosures, and standard disclosures. • The underwriter or placement agent will be compensated by a fee and/or underwriting discount, which will be set forth in the bond purchase agreement or placement agent agreement. • The contract notes that the underwriter or placement agent has financial and other interests that differ from those of the City of Cottonwood, and that the City of Cottonwood may choose to engage the services of a municipal advisor with a fiduciary obligation to represent the City's interest in the transaction.