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NOV 30 '9B 12~5B FR PRU SECiPUB FINiSEA 206 340 4076 TO 915035885237 <br />~ <br />~'o: Billy Wassou <br />Scott Clements <br />Mark C'rardiner <br />From: Nancy Watkins <br />Re: Mazion County, Oregon -- Pricizig Schedule, Priority of Orders and Optional Call <br />Date: ~I~oven~ber 30, 1998 <br />P.02i04 <br />Please find below an ~utline of the scl~eduie for ~ricing the Cowzty's COPs on Wednesday, <br />December 2 as well as a proposeii priority of orders and oplional call fetiituze. <br />Schedule. The ~eneral. plan is for Prudential Securities and Salomon Smith Bame~ to put togetkxer <br />a consen..sus interest rate scale for distrxbution ta the County and Financial Advisors. This scalc is <br />attached for your review. Frc~m that consensus interest rdte scale, we would l.ike to op~;n up a 1Zetail <br />Urder Period beginning Tuesday morning. For purposes of xhe Retail Urdcr Yeriod, Retail is <br />nregon only and is defined ~ the traditional reta.il investurs (i.e. individualsj fur orders up ta <br />$10~,00(}, bank crusts and money mana~ers. Wc would rua}. the Reiail Urder Periad throughout <br />T~cscjay moriung a~d ug until th~ prepricing call on Tuesday afternoon. <br />At l:00 p.m. on Tuesday, we would like to hold a pre-pricin.g call_ The purpose of the pa•e-pricing <br />call is to report on tlle results of the Retail or.der peric~d and to propose a consensus inter~st rate scale <br />to the Couniy that we would go out with for the pricing on Wednesday morning. <br />Assuming there is no chan~e in the proposecl interest rate scale from Tuesday night to Wedi~esday <br />monung, we would rel~se the agrced upon cansensu.s interest rate scale Wednesday mornin~. ~Ve <br />will ri~n thc order period for appraximatel~ three hours beginning betwecn 7:OU a.m. F~nd 8:00 a.m. <br />At approximately 930 a.m., we propose anoiher ca11 to update the Caunly as to the progress of the <br />urder pcriod. At 11:30 a.m., we ~vill reconvene again on a conference call to make final <br />adjusfi~ents, if' any, and offer to purch.a.~e the bonds. <br />To recap the conterence calls: <br />Tuesd~y, December 1 <br />Wednesday, December 2 <br />i:aa p,m. Pre~Pricing Call <br />9:3U a.m. Order Update Call <br />11:30 a.m. Final Yri.cing Call <br />THE C'ALl-1N NUMBER FOR dLL (lF' THF ABOYE SC'HEDULCl~ C:ALLS IS: <br />804-437-2797 <br />Access C:~de: 936785 <br />