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From: <br />To: <br />Date: <br />Subject: <br />Billy, <br />"Scott Clements" <sclem(i,~easystreet.com> <br />"Billy Wasson" <bwasson@open.org> <br />7/22/98 9:50am <br />Response to your fax of 7/21 -"Division of duties between our two firms" <br />With respect to the breakdown of Mark's and my respective involvement: <br />First and foremost our relationship is collaborative. Mark has very broad <br />experience and I value his input in all matters of importance as he does <br />mine. <br />In terms of our respective areas of focus, my role is to take the lead on <br />the financing side and Mark has demonstrated his skills in financial <br />modeling. In addition he has particularly good relations with the bond <br />rating agencies as a result of his sports arena and stadium experience. <br />Specifically, my role will be to assist the County in preparing for the <br />sale, interfacing with the underwriter and facilitating the Financing <br />Working Groups activities. I will backstop Mark on the analytical side, as <br />I have up to this point. <br />In addition to his analytical contribution, Mark's contacts with the rating <br />agencies will be useful in fostering a constructive dialogue before any <br />rating decisions are made. This will provide guidance to the Working <br />Group in terms of assuring the most favorable rating possible. Mark will <br />backstop me on the financing side to assure continuity throughout the <br />process. <br />Hope this description is adequate, our relationship is truly collaborative, <br />and we each endeavor to cover for the other in terms of availability. <br />CC: "Mark Gardiner" <gardiner@cgandp.com> <br />g~ ~.?`..~~ L~~ ~~:~ ~ ;~ ~~ <br />+' ~ <br />i. , <br />~__.. <br />