Remarketing Agent services for the Citys variable rate debt issuances
The Finance Department of the City of Durham (City) requests that qualified and interested
financial professionals submit qualifications for providing remarketing agent services for the Citys variable
rate debt issuances; Water and Sewer Utility System Revenue Bonds, Series 1994 outstanding after
December 1, 2008 in the principal amount of $8,300,000; Public Improvement General Obligation Bonds
Series 1993 outstanding after December 1, 2008 in the principal amount of $15,365,000; Public
Improvement Bonds (Housing) Series 2000C outstanding after December 1, 2008 in the principal amount
of $6,250,000. Notice of requirements for replacement of a remarketing agent will be sought so as to make the appointment of a successor remarketing agent effective as soon as possible.
Currently Wachovia Bank, National Association, provides liquidity for the remarketing of the 1993 and 1994 Bonds, Bank of America, National Association provides liquidity for the remarketing of the 2000C Bonds.
