Laserfiche WebLink
their approach to the financing, and the gross spreads were <br />discussed. The committee ranked those firms in the following <br />order <br />i <br />1. Joint Venture between Raymond -James Assoc. and <br />A. G. Edwards & Sons, Inc. <br />2. Smith Barney <br />3. W iA l i am Hough <br />4. Dean Witter Reynolds <br />'The Chairman believed what swung the committee to the <br />Raymond -James group was that their bond counsel hit on every <br />salient point where we had any problems on our first special <br />assessment. He noted that Smith Barney did an excellent job on <br />that�3.5 million issue, however, and we were not unhappy with <br />them in any way and hope they continue to seek business in Indian <br />Rived County. The gross spread was the other element. On the <br />other firms it ranged between'$10 and $15 while Raymond -James had <br />a gross spread of $6.00. The Chairman noted that one other point <br />in favor.of the highest ranked group is that both firms have <br />offices in this county. He emphasized that all the firms were <br />very good firms and commented that our last five bonds issues <br />have been handled by different firms which shows we are truly <br />competitive. <br />ON MOTION by Commissioner Eggert, SECONDED by Com- <br />missioner Wheeler, the Board unanimously authorized <br />staff to negotiate an agreement with the No. 1 ranked _ _ <br />group. <br />APPOINTMENT TO CODE ENFORCEMENT BOARD <br />Commissioner Bowman advised that they still have a request <br />for resumes out and this will have to tabled once again. <br />SEP 1 .1997 41 BOOK 69 RtE zJ <br />