Law Seminars International Presents

An Up to Date and Comprehensive Workshop on

Public Finance

Current techniques, risks and liabilities

November 1, 2006
Westin Seattle Hotel in Seattle, WA
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Who Should Attend

State and local government finance officers, treasurers, finance personnel, municipal attorneys, finance attorneys, investment bankers and financial advisors.

Why Attend

This Advanced Public Finance Seminar is for state and local government finance officers, treasurers and other finance personnel. It is also for municipal attorneys whose governments borrow from time to time by the issuance of bonds and other instruments. The purpose of this seminar is: (1) to provide up to date information on cutting edge techniques in state and local finance; (2) to provide a forum for a lively discussion of the pros and cons of selling bonds competitively versus through negotiations; and (3) to help local government officials better understand the bond closing documents they routinely sign (and the liabilities they incur when they do so). The faculty and panel members for this program include the best known, most experienced and thoughtful members of the public finance community: lawyers, investment bankers, financial advisors, local officials and development consultants. ~ Program Co-Chairs: Jay A. Reich, Esq. and Hugh Spitzer, Esq.

What You Will Learn

*Updated techniques in state and local finance *Pros and cons of selling bonds competitively versus through negotiations *Liabilities of signing bond closing documents *Risks of swaps, GICs and forward purchases of securities *How the IRS sees the role of bond and tax counsel *How public/private partnerships are being used in Washington *Roles and Responsibilities of financial advisors in the competitive sale

Agenda

Wednesday, November 01, 2006

8:00 am Registration & Continental Breakfast
8:30 am Introduction & Overview
  Hugh D. Spitzer, Esq., Program Co-Chair
Foster Pepper PLLC / Seattle, WA
  Jay A. Reich, Esq., Program Co-Chair
Preston Gates & Ellis LLP / Seattle, WA
8:45 am Swaps, GICs and Forward Purchases of Securities
  Some complex products being offered and used in municipal transactions; What are the theoretical and practical risks associated with these products? How can the risks be weighed and mitigated? When does it make sense for municipal financing?
  Elizabeth Morrison, Moderator, Finance Director
Port of Seattle / Seattle, WA
  Panel Discussion
  Stacey Crawshaw-Lewis, Esq.
Preston Gates & Ellis LLP / Seattle, WA
  John H. Bonow, Managing Director
The PFM Group / Seattle, WA
  Timothy A. Rattigan, Director
Citigroup Global Markets, Inc. / Seattle, WA
10:15 am Break
10:30 am Opinions and Certificates
  Allocating opinion responsibility between bond counsel and underwriters: What's appropriate for issuer or borrower certifications; Allocating legal and factual responsibilities for the purpose of tax opinions: How the IRS sees the role of bond/tax counsel
  William E. Corbin, Jr., Esq.
Perkins Coie LLP / Chicago, IL
  Panel discussion
  Marc R. Greenough, Esq.
Foster Pepper PLLC / Seattle, WA
  Susan L. Barry, Esq.
Orrick Herrington & Sutcliffe LLP / Seattle, WA
12:00 pm Lunch (on your own)
1:15 pm Public/Private Partnerships
  How and why are they being used today in Washington? What are the legal, political and cultural issues that surround them? What are the risks associated with them and how can they be mitigated?
  Gary P. Long, Moderator, Interim City Manager
City of Carnation / Seattle, WA
  Panel discussion
  David H. Ramsay, City Manager
City of Kirkland / Kirkland, WA
  James S. Reinhardsen, Esq.
Heartland LLC / Seattle, WA
  Hugh Spitzer, Esq., Program Co-Chair
Foster Pepper PLLC / Seattle, WA
  Jay A. Reich, Esq., Program Co-Chair
Preston Gates & Ellis LLP / Seattle, WA
3:15 pm Break
3:30 pm Roles and Responsibilities
  Under what circumstances should bonds be sold competitively or through negotiation? Roles and responsibilities of the financial advisor in the competitive sale, negotiated sale and conduit financing; When can the underwriter be a financial advisor?
  Michael E. Bailey, Moderator, Finance and Information Services Administrator
City of Renton / Renton, WA
  Panel discussion
  Michael J. Murphy, Treasurer
State of Washington / Olympia, WA
  Mike Lewis, Vice President, Public Finance
Seattle-Northwest Securities Corporation / Boise, ID
  Alan Dashen, President
A. Dashen & Associates / Bellevue, WA
5:00 pm Evaluations & Adjourn

Tuition

Regular tuition for this program is $695 with a group rate of $620 each for two or more registrants from the same firm. For government employees, we offer a special rate of $545. For students and people in their job for less than a year, our rate is $347.50. All rates include admission to all seminar sessions, food and beverages at breaks, and all course materials. Make checks payable to Law Seminars International.

Cancellation & Substitution

You may substitute another person at any time. We will refund tuition, less a $50 cancellation fee, if we receive your cancellation by 5:00 p.m. on Thursday, October 26, 2006. After that time, we will credit your tuition toward attendance at another program or the purchase of a homestudy. There is a $25 cancellation fee for Course Materials orders and $50 for Homestudy orders.

Continuing Education Credits

This program qualifies for 6.5 WA CLE credits. Upon request, we will apply for CLE credits in other states and other types of credits. 7.5 WA CPE Credits.

Location

The workshop will be held at the Westin Seattle Hotel at 1900 Fifth Avenue in Seattle, WA 98014. Call the catering sales manager, Tami McCallum, directly at (206) 727-5895 for reservations at the special negotiated rate of $199 and mention that you are attending a Law Seminars International workshop. This rate is guaranteed until two weeks prior to the seminar date. Rooms are on a first come, first served basis.
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If You Cannot Attend

Our complete Homestudy Course, consisting of a VHS or DVD recording and the written course materials, is available for $705. The written course materials alone are available for $100. We will ship your homestudy order via UPS ground within two weeks after the seminar or the date we receive payment (whichever is later).
Order Homestudy

Faculty Bios

Jay A. Reich, Program Co-Chair, partner at Preston Gates & Ellis LLP, practices in municipal finance. He has been general counsel to the Washington State Housing Finance Commission, and bond counsel to major public/private projects in the Northwest including the Seattle Art Museum, Bellevue Convention Center and Safeco Field.

Hugh Spitzer, Program Co-Chair, member at Foster Pepper PLLC, specializes in municipal and public finance, including governmental facilities, housing, water, wastewater, solid waste, transportation and school finance. He is an Affiliate Professor at the University of Washington Law School, where he teaches local government law and state constitutional law.

Michael E. Bailey, Moderator, Finance and Information Services Administrator with the City of Renton, serves as Chairman of the Government Finance Officers Association (GFOA) Technology Resource Group. He is a member of the GFOA Budget and Management Committee, and was president of the Washington Finance Officers Association.

William E. Corbin, Jr., Moderator, partner in the Chicago office of Perkins Coie LLP, specializes in public finance and has served as bond counsel and underwriter's counsel on a wide variety of transactions for municipalities, school districts, transit and transportation authorities, airports, student loan authorities and public and not-for profit educational and cultural institutions.

Gary P. Long, Moderator, Interim City Manager to the City of Carnation, has worked in city management since 1970. He currently volunteers as a board member for the Highline Historical Society and is active in Discover Burien, and the Highline Community College Foundation.

Elizabeth Morrison, Moderator, Finance Director for the Port of Seattle, is responsible for capital funding, managing the budgeting process, developing the ten-year Plan of Finance for the Port's capital investments, and managing the Port's new and existing debt.

Susan L. Barry, of counsel in Orrick Herrington & Sutcliffe LLP's Public Finance Department, has experience in public and project finance and is a leader nationally and in the Pacific Northwest in developing non-recourse financings for governmental entities and public/private partnerships.

John H. Bonow, Managing Director and manager of The PFM Group's Pacific Northwest practice headquartered in Seattle, provides comprehensive financial advisory services to governmental and non-profit entities. His expertise includes financial and capital planning and forecasting, budgeting, and debt management.

Stacey Crawshaw-Lewis, partner at Preston Gates & Ellis LLP, practices municipal finance and general municipal law. She has completed financings for cities, ports, housing authorities, higher education institutions, public utility districts, public development authorities and state agencies.

Alan Dashen is President of A. Dashen & Associates, an independent financial advisory firm serving a broad range of municipal issuers throughout Washington State and the Pacific Northwest. Its clients include public utility districts, ports, school districts, cities, counties and other special purpose districts.

Marc Greenough, member at Foster Pepper PLLC, practices in municipal law and public finance. Marc serves as bond, underwriters' and disclosure counsel on general obligation, revenue, and special obligation financings by state and local governments.

Mike Lewis, Vice President of Public Finance at Seattle-Northwest Securities Corporation, has experience as an investment banker and bond counsel. His expertise includes general municipal finance, financial advisory and investment banking services, energy finance, health care, and non-profit entity financings.

Michael J. Murphy, Treasurer of the State of Washington, is responsible for investments of more than $9.7 billion in the treasury portfolio. He is president of the Western State Treasurers Association and chairs the State Finance Committee.

David H. Ramsay, City Manager for the City of Kirkland, was previously the City Manager for the City of Glendale, California. Dave has been president of the Washington City/County Management Association, and is currently a board member of the Municipal Research and Services Center.

Timothy A. Rattigan, Director at Citigroup Global Markets, Inc., oversees the firm's efforts in Oregon, Alaska, Hawaii, Guam and has primary responsibilty for several accounts in Washington State. His experience includes new money and complex refunding financings for various general obligation bond, revenue bond, and lease obligation credits.

James S. Reinhardsen, co-owner and managing director of Heartland LLC, specializes in evaluating, negotiating and structuring complex real estate projects, ventures, and transactions, locally and nationally.