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I <br />SELECTION OF SMITH BARNEY AS UNDERWRITER FOR $3.5 MILLION BOND <br />ISSUE <br />The Board reviewed the following memo dated 6f8/8 -j: <br />TO: Honorable Members of <br />the Board of County <br />Commissioners <br />FROM: Josep A. Baird <br />OMB Director <br />DATE: June 8, 1987 <br />SUBJECT: SELECT SMITH B. <br />AS UNDERWRITER <br />3.5 MILLION DO <br />BOND ISSUE <br />On Wednesday, June 3, 1987, at 2:00 p.m., twelve (12)�bids <br />were opened for the position of Underwriter for Indian Riv r <br />County. <br />The selection committee reviewed the proposals and recommend <br />that the Honorable Board of County Commissioners select Smith <br />Barney, the firm with the lowest underwriter spread of 3/4p. <br />ON MOTION by Commissioner Eggert, SECONDED by <br />Commissioner Wheeler, the Board unanimously <br />approved the selection committee's recommendation <br />of Smith Barney as underwriter for the $3.5 million <br />bond issue for the shortfall on capital improvements, <br />which will be funded by sales tar, revenues. <br />JUN 9 1937 42 BOOK 0 Pacr530 <br />