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1 ~~ <br />, ~.~'`~ <br />~ <br />INVFSTIVIENT ~ <br />SERVICES <br />FACSYIV~ILE COVER S~I~+ ET #PAGES: 3~Incluc~~s cover) <br />DATE:. <br />TO:. <br />Jan 20,1999 <br />Bi11y Wasaon, Marion County Project Manager <br />Ralph Grim, Marian County Troasurer <br />FROM: Sandy Bullock, Vice President, Corporate Sales <br />612 b6'7-8910 fax 612 667-2534 <br />Nor+vest Investment Sar~~ices, Inc, ("NISI") ~s a registered brokerid~aler and a member of <br />the NASD and SIPC. NISI is ttot a bank or thrift and is separate from uny Nonveat Bank of <br />any oth~r afflliated baek or thrift. NISI is solely responsible for its contrflctual obtigat~ons <br />and commitments. Nandeposit invostment products offered by NISI are not FDIC insured; <br />are not bunk depasits; are not oblig~tlons of, or gu~ranteed by, any hank, and ara subject to <br />investment risl~s, including the possiblo loss of principal inveated. <br />Unfil ordorg are confirmcd, prices nnd yields are ~t~bject to change: <br />Good Morning, <br />I put togcther a laddered portfolio basod on your aziticipated dratvs. Ona portfolio is using al1 US <br />Government Obligations and tha otlior is a combination of money inarkvts ~u1d U.S,Govarnmont. <br />With ~'ed Funds ta.rget at 4.~5°fo your short-terrn rates, particularly in Treasuties atv limited to <br />levels ~SOlaw fed funds. The ooininorcial paper will bring that up slightly. Current balance <br />available for inves~nent in the Project Fund is ~ 17,641 and the Debt Service is 542,50~. Both of <br />these scenarios are investing 17, ] 46 and 17,124. I would keep tlia difForvnoe in a weekly ropo as a <br />eushio~~ should you 1~avo une~cpected e:cpenses coine up. <br />Ploase discuss botween you and ca11 me when you have liad a chance to reviotiv, Rates ~u~e so ~lat it <br />is difficult to got very creativa and fuzd a yield much diffcrent tli~n t1~e weekly repo's. <br />~ <br />~, ~ 2.0 ~,~.`i <br />__~'.~_, ~ ~• k~-~ <br />'~~ <br />~~~ <br />~ . e ~~`Z <br /> <br />~ <br />cii'd 9S9°ON ISIN WdZb:ii 666i'BZ'Ntif <br />