ATLANTA -- Dade County, Fla., has chosen underwriting syndicates for two upcoming aviation bond issues, tapping Goldman, Sachs & Co. to head a $200 million new-money issue, and PaineWebber Inc. to lead a $147 million refunding deal.

The selections, made late last Thursday, capped a closely watched contest and a week in which the county's 13-member commission had considered and reconsidered choices. The selection of managers was also reportedly a bitter disappointment for Merrill Lynch & Co. Although ranked first by the county's financial staff for both of the deals, the firm did not receive a role in either.

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