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7.I. Arbitrage Rebate and Opinion Services Contract Addendum - <br />Public Financial 1Vlana�ement -Orrick. Herrington &Sutcliffe <br />The Board reviewed a Memorandum of November S, 2000: <br />i i !' !i! ! <br />DATE: NOVEMBER 5, 2000 <br />• i 1 1 <br />'! 1 t i !' <br />I <br />Public Financial Management and Orrick, Herrington &Sutcliffe have performed the arbitrage <br />rebate calculations for the County's outstanding band issues. While performing a review of the <br />County's outstanding bonds, they asked if any County bonds had been advanced refunded. The <br />Refunding Revenue fonds, Series 1992, were advance refunded on September 1, 2000. They <br />recommended that arbitrage rebate caicutations be made an those Bonds since a debt service reserve <br />was funded by the issuance of those Bands. <br />Request the Honorable Board of County Commissioners authorize the Chair to sign the two enclosed <br />Arbitrage Rebate Compliance Services Addendum to .Engagement Letter dated September 27,2000, <br />with Public Financial Management and Orrick, Herrington &Sutcliffe. <br />ON MOTION by Vice Chairman Ginn, SECONDED BY <br />Commissioner Stanbridge, the Board unanimously authorized <br />the Chairman to sign the Arbitrage Rebate Compliance Services <br />Addendum to Engagement Letter dated September 27, 2000 <br />with Public Financial Management and Orrick, Herrington & <br />Sutcliffe, as recommended in the Memorandum. <br />ADDENDI.IM TO ENGAGEMENT LETTER IS ON FILE <br />IN THE OFFICE OF THE CLERK TO THE BOARD <br />December 12, 2000 <br />