Sara:  

I do not see a copy of an opinion in the file nor have we received one since I sent the execution copies of the ISDA to Steve Lins.

Marie

 -----Original Message-----
From: 	Shackleton, Sara  
Sent:	Monday, October 08, 2001 8:03 AM
To:	Ward, Kim S (Houston)
Cc:	Heard, Marie
Subject:	RE: City of Glendale

Kim:  Can you obtain the name of Glendale's bond counsel (lawyer's name, phone number, email, etc.)?  Thanks.  SS

 -----Original Message-----
From: 	Ward, Kim S (Houston)  
Sent:	Friday, October 05, 2001 1:59 PM
To:	Shackleton, Sara
Subject:	City of Glendale

Sara,

Believe it or not, we are very close getting our signed ISDA from the City of Glendale.  Steve Lins, the City attorney had a couple of questions which I will attempt to relay without having a copy of the documents.

1)  I am assuming that he obtained a for legal opinion letter or document of some sort.  This document references a confirmation and we are not sure what this references.  Typically, it references a transaction, which in this case, there are no transactions yet.  He feels this reference should be deleted.  What is your opinion regarding this? [Shackleton, Sara]    If we have no transaction on the books, then he can delete the reference.  Marie:  Have we received an opinion from Glendale? 

2)  We sent him a couple of form documents to facilitate the documents required under the ISDA.  One form ws a form resolution.  They have already received City Council approval to enter into financial tranactions and to enter into an ISDA with us.  Steve is going to get a certified copy of this Resolution.  Will this suffice? [Shackleton, Sara]    I'll review their resolution again.  If it references our ISDA and all transactions, it should be fine.  (This is part of the reason why we need a legal opinion) 

When you return, I may try to do one last conference call to alleviate any unanswered questions.  I think we will have an executed ISDA with the City of Glendale by the end of next week.  I am going to be out there meeting with them on Wednesday.

Thanks for your help,

Kim