UF00083631_00100.pdf

UF00083631_00100.txt

UF00083631_00100_pdf.txt

hopintpolmmuooo'ouotooouoottho
httodty'o h... oo m with o-otlttvo do. in
MoothttoMolthoMfu-mhu-

tonotoo. no ootlhod bola.

lo hovo mood thlo notto:

with tho othor anion o! tho macr- gmp o! Ion-[on
old oro boron on..th to rolloct tho thought. of thi-

oattro gm.

1.

o o1 of tho ma tom taucouo thot.
domain-down Miro-gotta"

Nb. only ooo no Ioolo to rooolvod. on
no r-vo tho Wool two o!

o-otlttvo Mb. At loo-t 1- mt pm.

1t boo bo- ycoouoouy do mod-51o W
tho: not-to thumbtdhooho- roootvodoo
-1 can or Lctpo1 bond loouo u mooo of
$50,000,000.

to tho oboouoo of two or non mung qmpo.
tho unboro of tho mum group. nun. moo
at tho roomlbnlttoo "101w fm tho snout-
hoohor rolottouhlp which ontoto to o oogotlotod
oolo. .1 ho W to ouomtoo caution in
non... ma: dittotoo "mot o favor-bk
Moo to: tho haul.

nomad-no. muttodtyo-ho
mummuuocmqmu
"on .6 at tho mutton to to negro-mo
vtthttovldoo. duotuouI-doooatolool
thoqmponthoootohoudothobootovor-on
job for tho Authority. M nut-coo not ho
Md in o o~ot1t1vo ooh.

to o no'ottotod oolo. undo: tho louonhlp on!
cold. of o otzoog Inna-t group. tho loot
oOV-to'oooo lotto-nth m of udondtoro
onhooootodloootoMthoboott-toroot
ooot to: tho Authority no 3-! Why
to: tbo boob. mo voolo Looloh tho mun
otbrtotthoI-qonhmthomuto-

umuomzwmnmum
otthooolo.

6.

Becsuse of the complicstions snd unusual testures
involved in s toll road finsncing which. so con-
templsted, will embrace not only I refunding hut
sleo the construction of sn extsnsion snd the
inclusion of so 'opsn end' provision for sdditionsl
bonds. the Authority should svsil itself of the
best tslsnts of s group of experienced msnsgers

to devote their joint efforts with the Authority
tousrd working out the mos. sdvsntsgsous provisions
(or the new bonds. The Authority could not expoct
thst this would he svsilshle in compotitivs bidding.

A negotisted ssle should produce the most ddvsn-
tsbeous timing of the issue, wheress in the csse
of s competitive ssle the time schedule must hs
determined in sdvsnce of the invitstion for bids
(which must be published well in edvsnce of the
bidding dste). This may result in the sctusl
timing of the issue during unfevorsble msrket
conditions, resulting in sn unnecesssrily high
interest cost snd possibly sn unsuccessful issue.
The Authority any, of course. reject sny hid but
this often lesvss an untsvorsble impression which
works to the detrinsnt of the Authority.




PAGE 1

di,. ttitioi i iii tbdan idmtitd *i. i Addidrliy'. 4i.d dd t ard iti dmpdiid bid., it deeete idh dii fidaid. di dud pritd..d diiuie tdadia. di. ditilid dbide. ae bid. diaddidad thi. satud did. th..he dud idtd di tbi iddbditt'. gdiutidi dddiii and *r* hri aept.ng t dididdi dh. dhoughi. d thi i. it .di di.o th dtddeed iidtd iddididi. tidi, it i thidddpodd bande --r ibid iy tatitid bid..i, l bid didid ii idddbded, .bia aiild i.er di. thidrdtidai .adtadi df dadddtitid. bid.. it iiddb it idnadi yddrd, it idd idan pradtiddiiy dhd itd.riabi. itditno ii.,at itr thiidi die .did tdtiideld it 2.idddtd. dbsidi .it tdd .diitrddimtittgrobid th. Id iiddridd thi. i.iddibdtir dd, haiin iddidddh d depnii ditia i drod didd int did.e itd d....nd dip did xit in ad deoi u.S 1dbe itt dii teupi.,ii tat emrii iti* indi did itg i atdiitd..dii s aoal d. it .didibtid .di., tdd Atii y ideeni .td id didiid --dh ometien ittdi diie batittt dadaee n ii, ti. itdtiit .d ridr .iddtcdtd diti did bidi. dtd .idid tub idi diiee diti ed itit gdi dii *ids @ithe .ididih didt iddi-dijbt.. .dd dibdi .itudiidtidiridyit iat dbdd

PAGE 2

..cus ..... .h opiain nduuulEau involved ~ ~ ~ ~ .. .. .. ...radfnnin hi, sen biddi.te, lleb c n ny re nd gbu ..... ......t.cio a. x e s o .n .h.