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11/20/98 15:29 $503 373 4367 M C LEGAL (~ 001/001 <br />~IONCOVNrYr,~c~ covivs~ <br />S30 Center S~ N.E., Suite 312 <br />Salem, OR 97301 <br />(S03) 588-5~20 <br />FAX.• 373-4367 <br />Michael J. Hansen <br />Counry Counsel <br />FACSIMILE TRANSMI'TTAL FO.RM <br />November 20, 1998 <br />TO: Angela Grassr, MBIA <br />FROM.• Mike Hansen <br />FAX NO: 914-765-3655 <br />RE: Irrsurance- Marion County COPs <br />No. of Pages includrng cover sheet: One <br />Ms. Grassr, <br />Nancy Watkins, Prudential Securitres, fQxed me the infonrration you sent her on the conditions MBIA war~ts for <br />placing insurance for the county COPs. We (the County) have reviewed certain conditions as requested by Nancy. <br />Whfle we have responded to her and oerr 6ond counsel, Ed Einowski, I would like to take this opportunity to a~rm our <br />position on the items outlined below: <br />1. Constructlon contracts have no1 been executed yet. The county will include requirements ~or ~~ ents nas <br />performance bonds. Oregon law requires this. The county wil! also include liquidated dama es aym <br />requested. <br />Z. Marion Counry has completed the Phase I environmental assessment jor the entire Project site some time ago. <br />Thrs information rs available upon request. The work the county has dorre is as follows: Phases 1 and II, a workplan, <br />completion of al! worl~ frnal reports to DEQ on work done, and further delineation as requested by DEQ. A11 work <br />requested by DEQ has been ftnished. DEQ has accepted by the Pr~oject design. The county has requested letters of <br />No FurtherAction jrom DEQ. The county is awa~ting DEQ's response. <br />3. Marron County will acquire commercial insurance as requested, includi»g property & casualty insurcmce for <br />the replacement cost of the project, rental interruption rnsurance, title insurance, and liability insurance. <br />If you need anything fu~-ther from ihe county at thls time, please let me knaw. ~~ <br />~' ~1~~ <br />Mike Hansen <br />Legal Counsel <br />cc: Ed Einowskl, esq., 503-220-2480 <br />Nancy Watkins, 206-340-4076 <br />Billy Wasson, Marton County Project Coordinator, 503-588-5237 <br />David HartwJg, Marion County Director Support Services, 503-588-7951 <br />THIS FACSIMILE ~~I~IDNBYMISTAKE, PLEASE DO NOT REVIEW OR D~LOSE ~ORMATIONAND <br />RECEIVED THIS <br />CONTACT US IMMEDIATELY. THANK YOU. <br />