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SENT BY:SHERMAN HOWARD <br />DPW:jw <br />Enclosure <br />cc: Susan Griffiths, Esq. <br />Jack Cashette <br />Craig Johnson, Esq. <br />Vicki Mattox <br />Sherman Howard L.L.C. <br />Bill Simmons <br />January 10, 1997 <br />Page 2 <br />1 -10 -97 ;10 :50AM <br />SERVICES DESK 3036739043;# 3/ 6 <br />the city or its insurance company finally paid out moneys as part of a settlement. As I indicated, you <br />may want to have the City's financial advisor review the Company and the financing to evaluate its <br />credit quality, I also know that some cities impose limits on the financings such as requiring the <br />bonds to be sold only to sophisticated investors or requiring the bonds to be credit enhanced (through <br />a letter of credit or insurance. <br />This will also confirm that I advised you that the Company has submitted an <br />inducement resolution for this project to another client of mine, the City of Westminster. <br />If you have any questions, please call. <br />