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1~Iarian Count~ <br />OREGON <br />DEPARTMENT OF <br />CORRECTIONS <br />July 13, 1998 <br />CORRECTIONS BOARD <br />Sheriti: <br />Raul Ramirez <br />Apprave~ c~t ~~ff~ ~~~~;~3~i <br />~ , ~;: : , <br />, ~ ;. <br />q~~ -. ..~,-~ ,~rw~ia~ ~,~~_- _ <br />_~ .~.~. <br />v +~ eChairma~r~ <br />Commissioners: TO: Board of Commissioners <br />RandaU Franke <br />Mary Pearmine <br />~ry H~~ om: . Billy F. Wasson <br />DIRECTOR <br />B71y F~ W~°" Re: Undervvriter Selection for the Courthouse Square Project <br />ADMINISTRAT[ON <br />(503)588-8487 <br />FAX # 540-8055 ' <br />WORK CENTER RecolllIrien(~cltlon: <br />Clieat [uformatioa <br />(503)588-8533 <br />FAX # 588-8526 1. Select as Co-Senior Managers the firms of Prudential <br />PAROLE/PROBATION Securities and Solomon Smith Barney for the Courthouse <br />Clieat (n[ormation Square Project. <br />(503) 588-8492 <br />FAX N 540-8055 2. Authorize staff to ne otiate and execute a contract with the <br />g <br /> selected firms. <br />Back ound: <br />~ su~ ~'~ ~~'U4 <br />In response to a County initiated RF.P. we received three proposals. Our <br />financial advisors, R.S. Clements & Associates, evaluated the responses and <br />have recommended that we select these two firms as Co-Senior Underwriters <br />on the project. T'his recommendation allows the County to take advantage of <br />the lowest quote and wider experience of both firms. <br />R.S. Clements review and analysis is attached as additional supporting <br />information. <br />4040 Aumsville Hwy SE Salem, Oregoa 97301 <br />I.,~~~..Pr httn•//unvw ~nPn ~xti/mcnrrcrr <br />