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<br />CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br /> <br />Meeting Date 3/21/05 <br /> <br />Agenda Item # <br /> <br />F-18 <br /> <br />SUBJECT: <br /> <br />Resolution appointing UBS Financial Services, Inc. as booking-running senior manager <br />and Ferris, Baker Watts, Inc. as co-senior manager for all negotiated government bonds or <br />installment financing contracts. <br /> <br />BRIEF SUMMARY: <br /> <br />Cabarrus County has been issuing debt successfully on a reoccurring basis over the past <br />several years with the aid of UBS Financial Services, Inc. as either underwriter or financial <br />advisor. An underwriter or financial advisor is utilized as a contracted service for the <br />issuance of certain types of debt. Typically we contract for this service at the time of <br />issuance of the debt however, over the past several years we have utilized the services of <br />the underwriter and/or financial advisor on an ongoing basis. <br />See attached memo for further details. <br /> <br />REQUESTED ACTION: (Suggested motion if the Board approves the agenda item as presented) <br /> <br />Recommended contracting the relationship with UBS Paine Webber and Ferris Baker and <br />Watts for the recommended period of three years with two one year options. This will <br />allow the County to have access to this service at a set fee at the time of debt issuance <br />and a resource to consult with in the interim of the debt issuance process. <br /> <br />Attachments ~ Yes 0 No Expected Length of Presentation <br /> <br />Submitted By: Pamela S. Dubois/Deputy County Manager Date: 3/11/05 <br /> <br />Name / Job Title <br /> <br />Budget Amendment Required: 0 Yes ~ No <br />Budget Amendment Attached and Reviewed by Budget Officer: 0 Yes 0 No <br /> <br />County Manager's Recommendations/Comments: <br /> <br />Approval is recommended. <br /> <br />Manager's Signature <br /> <br /> <br />Action Taken: <br />Approved [] <br />Denied [ ] <br /> <br />Deferred [] <br />other [ ] <br /> <br />r~/g <br />