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NOV 19 '98 16~22 FR PRU SECiPUB FINiSEA 206 340 4076 TO 915035B85237 P.02i02 <br />Amb.c ~os~c~ Cot~otsAoa <br />Otae Ssaoe Sa~ca i~lars <br />NewYakNX ~OOOa <br />212.668.03A0 <br />,R ~.arbafAmie Pln~~dd Croya l+~ <br />ambaC <br />Novembe~r 19, 1998 <br />~lancy watklns <br />prudeotial Seuuides <br />1201 3'~ Avenue <br />Seattle, 'wA 98X O1 <br />Re: ~x,000,000 Marioo Coant~-, Ore~on, Cc.rtificates of Particrpat~oo, <br />Courthouse Sqnare Praject <br />Aeat Nan~.y: <br />Ambac is plcased to submit ~. bid of 0.544° of total comb~ined principa~ and <br />iar,~rest for the above re~'ereaced issue. This bid is based on rhe acceptance of the <br />following condxtions: <br />1. Tk~o COPs must be stxuchvred with s fully funded (tax test) resetve fund. <br />2. There car~ not be any acceleratian of payments in the event of de~ault or <br />r~onappropriation. <br />3_ TE~ County must purchase comme~cisl propetty and casualty i~nsurance on tbe <br />leased facilities. <br />4. Ambac must rcv~ew final legal dowtx-e~ts prior to closin~g. <br />Ifyae have any questio~ns please do riot hesitaze to call me at z12-208•3502_ <br />sinr.erety, <br />I <br />Thomas M. Mulvihill <br />Ambac Assurat~ce Corp. <br />~ TOTRL PAf3E.02 ** <br />