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DIXON Valerie A <br />From: DIXON Valerie A <br />Sent: Thursday, August 05, 1999 10:06 AM <br />To: SVENDSEN Glen L <br />Cc: LINDSTROM Lana <br />Subject: RE: Bond sale results <br />Glen -Sounds good - I would like to repay fund 332 ($500,000 + interest) from bond proceeds so we can (in good conscience) <br />appropriate the $1,185,000 from 332 fund balance for the East Bank Path on SB#1. Val <br />-----Original Message----- <br />From: SVENDSEN Glen L <br />Sent: Thursday, August 05, 1999 7:45 AM <br />To: RINER Andrea G; DIXON Valerie A <br />Cc: LANKSTON Jeff; LYLE Les A <br />Subject: FW: Bond sale results <br />Just FYI. Sounds pretty good to me. We'll have cash in hand by the end of August, so no cash flow worries on the <br />Parks & Open Space projects. GIenS <br />-----Original Message----- <br />From: LINDSTROM Lana <br />Sent: Tuesday, August 03, 1999 11:05 AM <br />To: WONG Warren G; RAILE DeeAnn; CUTSOGEORGE Sue L; ANDERSEN Chris F; SVENDSEN Glen L <br />Subject: Bond sale results <br />We sold both the Parks and Open Space Bonds and Assessments bonds today. The results are: <br />$19 P&OS Bonds (20 years) <br />5 bidders; True Interest Cost - 5.15875%. Lead underwriter: ABN AMRO Inc (NYC underwriter) as part of a <br />consortium which included Prudential and Dain Raucher. <br />$970,000 Assessment Bonds (10 years) <br />2 bidders; True Interest Cost - 4.86%. Winning underwriter - Sutro & Co, Inc (Oregon based underwriter). Four <br />underwriters had registered to bid; we suspect Dain chose not to bid this one after they won the above bond and <br />apparently 1 underwriter had problems submitted their bid. <br />A note will be in the Council newsletter later this week. <br />Lana x502T <br />