HomeMy WebLinkAbout1997-033ORDINANCE NO g
AN ORDINANCE OF THE CITY OF DENTON, TEXAS AUTHORIZING THE
EXPENDITURE OF FUNDS FOR THE PURPOSE OF PAYMENT BY THE CITY FOR
FEES TO FIRST SOUTHWEST COMPANY, AND PROVIDING AN EFFECTIVE DATE
WHEREAS, in order to comply with contractual agreements with First Southwest
Company, the City of Denton is required to pay Arbitrage Fees, and
WHEREAS, the City Manager has reviewed and recommended that the Council
approve the payment of such fee, NOW, THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS
SECTION L That the expenditure of funds in the amount of $27,960.00 to be paid
to First Southwest Company, is hereby authorized
SECTION II. That this ordinance shall become effective immediately upon its passage
and approval
PASSED AND APPROVED this the day of 1997
C MILLER, MAYOR
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
BY 0" tdl, Oa�,e—�
APPROVED AS TO LEGAL FORM:
HERBERT L. P\RODUTY, CITY ATTORNEY
BY
FEE ORD
1
DATE FEBRUARY 4, 1997
A161AK11001611
TO Mayor and Members of the City Council
FROM Ted Benavides, City Manager
SUBJECT CHECK REQUEST TO FIRST SOUTHWEST COMPANY
RECOMMENDATION: We recommend this check requisition to First Southwest Company in the
amount of $27,960 00 be approved
SUMMARY: This check requisition is to pay for fees associated with arbitrage calculations for
bond issues as listed on the attached invoice #R1756 The payment of annual fees is in compliance
with contractual agreements between the City of Denton and First Southwest Company The actual
amount requires Council approval after receipt of a billing analysis and invoice
PROGRAMS, DEPARTMENTS ORGROUPS_AFFECTED- Finance Administration, Treasurer
Operations and Bond Sales
FISCAL IMPACT: The funds for payment of this request will come from multiple accounts as
listed on the attached Bill Analysis
Attachments Check Requisition
Invoice # R1756
Account Billing Analysis
Respectfully submitted
Ted Benavides
City Manager
Prepared by
Name Denise Harpoo
Title Senior Buyer
Approved
Name Tom D Shaw, C P M
Title Purchasing Agent
827 AGENDA
CHECK REQUISITION -VOUCHER
PAY TO.
hla,• tKe7WJ_VI'�
1700 PACIFIC AVENUE
SUITE 500
DALLAS, TX 75201
Check Number
$27960 00
Amount
Finance
Department
01 /13/97
Date
INVOICE DATE NUMBER AND/OR EXPLANATION I ACCT NO I NET INV AMT
COMPUTATIONAL FEE INCURRED IN
CONNECTION WITH THE ARBITRAGE
PREPARED FOR BOND ISSUES
ACCOUNTING PLEASE WRITE CK NUMBER
ON WHITE COPY AND RETURN TO FINANCE
SEE ATTACHED 1 $27,960 00
TOTAL 1 $27,960 00
The above has been reviewed and recommendation for payment is made by the undersigned
2Z
Accounting Approval i ure
City Manager Approval
a
Director of Finance
INVOICE
Mrst Southwest Company
Arbitrage Rebate Compliance Services
City of Denton
Mumcipal Bu Ming
215 E McKinney
Denton, TX 76201
Attu Mr Harlan Jefferson
Invoice Date: December 20, 1996
Invoice Number: R1756
Computational fee incurred in connection with the arbitrage calculations prepared for
the attached detailed bond issue(s)
Total Amount Due: $279960
Please remit payment to:
First Southwest Company
1700 Pacific Avenue, Suite 500
Dallas, Texas 75201
Attention: Terence P. Burke
W
December 20, 1996
City of Denton
Analysis of Bill for
Arbitrage Calculations
Prepared by
First Southwest Asset Management, Inc
Invoice Number R1756
Pa Amount Issue Description
Period
From To
No Of
Years
Annual
Fee
Current
Fee
Notes
00,000 Utility System Revenue Bonds
Series 1996 QU51 bbl SO
6/18/96 9/30/96
28
2,000
560
�5D8�
z0,000
Utility System Revenue Refunding Bonds,
6/18/96 9/30/96
28
1,000
280
Series 1996A 1,2D-08I I4-po- g5a2 Zyo
J,515,000
General Obligation Bonds,
6/18/96 9/30/96
28
2,000
560
Series 1996 y6-3-6HO-A9&-WO(,-8597
5,190,000 Certificates of Obligation,
6/18/96 9/30/96
28
2,000
560
Series 1996 q6q-040.AR6L-tW4,8517=
y,ee
b64-o24 coil,• i6sq'1 = 689
eO
Total 27,960