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CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br />Meeting Date 12/17/07 <br />Agenda Item # G <br />SUBJECT: <br />Approval of Engagement Letter for Underwriting Services with UBS Securities, LLC <br />BRIEF SUMMARY: <br />Cabarrus County has engaged Joe Niggel of UBS Securities, LLC for underwriting services <br />for several years. The Board of Commissioners approved a resolution for athree-year term <br />engaging UBS for underwriting services, which expires on December 31, 2007. The <br />Finance department has been very pleased with the services provided by UBS and <br />requests to continue the relationship into the future. An engagement letter contracting <br />UBS's services for athree-year period with two one-year renewal options has been <br />provided for consideration. There is no change in fees. <br />REQUESTED ACTION: (Suggested motion if the Board approves the agenda item as presented) <br />Motion to approve the attached Engagement Letter for underwriting services with UBS <br />Securities, LLC for the period of January 1, 2008 through December 31, 2010 and <br />authorize the County Manager to execute the letter, subject to attorney review. <br />Attachments ^X Yes ^ No Expected Length of Presentation <br />Submitted By: Pamela S. Dubois, Deputy County Manager Date: 11/28/07 <br />Name I Job Title <br />Budget Amendment Required: ^ Yes ^X No <br />Budget Amendment Attached and Reviewed by Budget Officer: ^ Yes ^X No <br />County Manager's RecommendationslComments: <br />This item was approved by the Board for inclusion on the Agenda as a Consent item. <br />Approval is recommended. <br />Action Taken: <br />Approved [ ] Deferred [ ] <br />Denied [ ] Other [ ] <br />