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DEC 10 '98 11~26 FR PRU SECfPUB FIN~SER 206 340 4076 TO 9150358B5237 <br />CLOSING <br />MEMORAIYI~U~ <br />To: Dis~ibution List (attached) <br />Frorn: Nanc~y Watkins (20G) 340-4073 <br />Re: $22,000,000 <br />Mazion Cotuaty, Orcgon <br />Certifcates of Parlicipation, 199A Ser.ies A <br />(Courthouse Squa.re 1'roject) <br />Dated: Dece~~ber 1, 1998 <br />Date: December 9, 1998 <br />P.03/04 <br />~~ <br />~ ~ ~~~~ <br />i <br />On Wednesd.ay, Decemb~r 1 b, 1998, the closing fpr lhe above re~('e~ez~ced band issue will take place <br />at 8:00 a.m_ ~t the offa.ce of Stoel Rives, 90U SW I'ifth Avenuc, Suite 2500, Portland, Oregoii, <br />97204. <br />A successfi~l closing will require the Iollowin~ t7a.nsfers to take place by 9:OG a.in. (PST} on <br />December 9, l 998: <br />~ Prudential Securities will deliver funds representing the purchase pricc of thc COPs {totalii~g <br />$21,817,292.43), via wires in i~nmedaate.l.y available funds (Fed Funds), to Nor~vest Ban.k (as <br />T.rustee)($21,683,292.43), and MBIA Insurance C~iporation (MBTA) ($13~4,000.00). Tlie ag~e~;ate <br />ptuchase prxce :Eor the Bonds a.nd its distribution is as follows. <br />5ettlcmcnt Amount <br />Par Amount of Sonds <br />Less: Original Issue DiscounL <br />Less: Undcrwriicrs Discount <br />Plus: Accnled Interest <br />Settlement Amount <br />Diaposition of Proceeds <br />T'ot~l ~Vired to Tnist~c: <br />For Costs o~ Issuance <br />~'or Otl~ez Pxoject Costs <br />1~ or Accrued Interest <br />For Contingency <br />Tht~.l <br />' Total Wired to MBIA for Bond Tnsurance <br />Total Funds Wired by Prudenti.al Secur~ties <br />$2~.,000,000.00 <br />~74,933.40} <br />(150,097.SU) <br />42,323 .33 <br />$21,817,292.43 <br />$200,UOO.UU <br />21,437,279.20 <br />42,,3~.3.33 <br />3.689.90 <br />21,683,292.43 <br />134,OQO.OU <br />$2~.,81.7,292.43 <br />