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</v:shape><![endif]--><![if !vml]><img width="134" height="182" style="width:1.3958in;height:1.8958in" src="cid:image004.png@01D61EF5.974CEC70" align="left" hspace="6" style="margin-left:-6px;margin-right:6px" v:shapes="Picture_x0020_9"><![endif]><span style="font-size:12.0pt;font-family:"Times New Roman",serif">COVID
19 is affecting our state and our communities in unimaginable ways. Many of our fellow Oregonians are struggling with their health, their mental well-being, and their livelihoods. And while it appears that we have so far avoided the worst-case scenarios for
this pandemic, we know it is significantly impacting our state’s economy and financial future.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">To better understand that impact, the Oregon Municipal Debt Advisory Commission is conducting a broad survey of financial and administrative officials representing Oregon
cities, counties, schools, and special districts. The survey is designed to assess impacts on cash flows and to gauge the interest of Oregon local governments in participating in a state-managed cashflow borrowing through the Federal Reserve’s new liquidity
facility.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><b><span style="font-size:12.0pt;font-family:"Times New Roman",serif">Please take a few minutes to complete this
<u><span style="color:#196FB1"><a href="https://www.surveymonkey.com/r/26DGWGF"><span style="color:#196FB1">online survey</span></a></span></u> before the end of business on Monday, May 11.</span></b><span style="font-size:12.0pt;font-family:"Times New Roman",serif">
If you are not the right person to respond on behalf of your organization, please forward this message to your organization’s financial or administrative officer. Your organization’s participation will help shape the state’s response to this unprecedented
economic challenge.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">Thank you for all of your hard work in serving Oregonians during this difficult time and for your help with this important matter!<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">Stay well,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">Nancy Brewer, MDAC Chair and<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">Finance Director, City of Corvallis</span><span style="font-family:"Georgia",serif"><o:p></o:p></span></p>
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<p class="MsoNormal" align="center" style="text-align:center"><i><span style="font-size:9.0pt;font-family:"Arial",sans-serif">The Oregon State Treasury is sharing this message on behalf of the
<a href="https://www.oregon.gov/treasury/oregon-bonds/municipal-debt-advisory/pages/default.aspx">
<span style="color:windowtext">Oregon Municipal Debt Advisory Commission</span></a>.<br>
For questions, contact Treasury’s Debt Management Division at 503.378.4930.<o:p></o:p></span></i></p>
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