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MAR -~3-99 WED 12.~58 PM NORWEST CORP TRUST FAX N0, 6126672160
<br />. LLI, i4 7t3 ~L~ 1• iG rR rl'cu xv rua r 11W xr1 Grro ..wtr~ vu r o ~ w 7.~.r_•lr..~o i_~v~.s
<br />CLUS~IVG
<br />11~h10~RANDUM
<br />•ro: nisctibution Lis~ {atta~hea~
<br />From: Nancy Watkins (246) 340~-4073
<br />Re: 5+22,000,400
<br />Marivn County, Otcgor~
<br />~ Cercificatcs of l'articipation,199$ Series A
<br />{Gourthousc Sqsuire Praject}
<br />Dated: DecemUer 1,1998
<br />P, 02
<br />~ . ~. ~-,
<br />~ ~J L.~ ~-L.~"~ J~
<br />17ate: T,}ecember 9,1998
<br />On V~rcdt-esdaY, ~Jecember 16,199&, the closiag for thc above referenccd bond issue will tak,e place
<br />at $:00 a~~~. gt th~ office of Stocl Rivcs, 9Q0 SW I~ifth A'veeue, Suite 2600. Portland, OYCgon,
<br />9720~4.
<br />A succcssful closing w~ill require the followisi~ ttansf~rs to take pl~+r~ 1~y 9~~ $•~- ~ST) ot~
<br />~ecembcr 9. 1998:
<br />Prudent~~~ ~urities will de~ivar funds representiag thc purchase pncc of ~e GOPs {totaling
<br />$21,817,292,43}, vi~ wites in imnnediatel~' available funds (Fed Funds), to No~west 8a~k (as
<br />``~- TT~stee)(S2Y,683,292.43), a~t~d MSIA ~nsurance Corpoz~ation (MBIA) (~134,000.04). The a~gregate
<br />~urchas~ price for Che Boads ~-d its dis~ibution is as fallows:
<br />$~ttiement Amouat
<br />Pat Atn,out~t of Bouds $Z7,000,000.00
<br />Lrss: Original Tssv,c Disceunt (74,933.40}
<br />z,ess: Underyvti~eia Discoiust (t 50,047.50)
<br />Plus: Accitsed xnterest ~ 42,3?3.33
<br />Settlemant Atnouut $21,817,292.43
<br />Dispositian of Proceeds
<br />7`ut2Et Wired to T,ru,etes: 000.00
<br />$200
<br />1 or Costs o~ Issuat~ae ,
<br />219.2t}
<br />43'7
<br />21
<br />Foar Othes Project Cost.c ,
<br />,
<br />323.33
<br />42
<br />~or Accrued Interest >
<br />~,68994
<br />For Co~t~ngency
<br />Total
<br />21,683,292.43
<br />Total Wired to 1viBIA for Bond Insurance 134,000.00
<br />Tfl?aa Funds W!1'ed by Pnidc~fisal Se~uriti~+' 521,8 i7,292.43
<br />~.
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