HomeMy WebLinkAbout1997-216ORDINANCE NO. �/
AN ORDINANCE OF THE CITY OF DENTON, TEXAS AUTHORIZING THE
EXPENDITURE OF FUNDS FOR THE PAYMENTS BY THE CITY OF DENTON FOR
FINANCIAL ADVISORY SERVICES AND OTHER FEES TO FIRST SOUTHWEST
COMPANY; AND PROVIDING AN EFFECTIVE DATE
WHEREAS, in order to comply with legislative requirements for payment of financial
advisory services or other fees, the City of Denton is required to pay to First Southwest
Company; and
WHEREAS, the City Manager has reviewed and recommended that the Council
approve the payment of such fees; NOW, THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
SECTION That the expenditure of funds in the amount of $45,075.94 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
JACK ILLER, MAYOR
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
BY.
APPRO ED AS TO LEGAL FORM:
HERBE T L. PROUTY, CITY ATTORNEY
ras TFFT
DATE AUGUST 5, 1997
TO i Mayor and Members of the City Council
FROM Kathy DuBose, Executive Director of Finance
SUBJECT CHECK REQUEST TO FIRST SOUTHWEST COMPANY IN THE AMOUNT OF
$45,075.94
RF O Aff4 AATMN: We recommend this check request be approved for payment to First Southwest
Company in the amount of $45,075 94
911MMARY: This check request and attached invoice are for Financial Advisory Services rendered in
connection with the sale and delivery of $4,700,000 00 General Obligation Bonds, Series 1997
The payment ppf financial advisory fees and any other fees associated with bond sales is a term and condition
of our contradt with First Southwest Company
General Obligation Bond Sales and
Finance Department Operations
Fib Funds for the payment of these fees are available from the bond sales account number
459-040-BO-0003-8421
Attachments i Check Request
Statement for First Southwest Company
Respectfully submitted
a u ose
Executive irector of Finance
AppApp ovedd
+S'
ame Tom D Shaw,
Title Purchasing Agent
906 AGENDA
b.t P ss�zc
�p�A�v+�lruh{%{
a
CHECK RE01
x.riL.'.
a Aa 3asa rbnms�i
r' 3kv (ZIA
� v
V0 oO DAi ///t/i/Z
a
VOU HER
�^a, �S t yl Nl l� n , �r'' •i ° i
y" � i• a 'fig+° k �
m
i
CHECK NUMBER
x �
fAl
cr
_ _. _.._
w e
12,f pyrp�
KY�R'.p .` 1
• �Y h�°.MR3'PCn"'^UCIMIMrl�� aril
_�111021
DATE r� f+tk
.iLA-,
I
a
INVOICE VATS, NUMBER AND/OR EXPLANATION Ifi l %-,K, ACCT NO 7f NET INV AMT
d^'IV
RS' , iF�' ,1dv Y6q hk ie
r a t sr+. t x •__ + I �Mx $ :''it '�},g}r""lR�..Y+,." -,. t w� k
"is �"� . '{i i��litl *'Yi�R,F�E� ��,A �4Y, d'YS if`- 'MV w 1a F§i ? 4ra^q'✓F�ii +-*K� S
.J ♦ .w t, J ,%�f� f � �9J� . TS,
t j .... .
ti I d Y +• Y`i' r Y }. y. F' �'.ilt � � �r-i�4}'
S ^^^XXX
� ": �` • v + v 1_�s S"+�1 '*w�g�it S.I ., t."=��� �' w .. ^ , �,H rt"p _
a ,..,fi-r^Xb,-.-,.t•:r� ».6.'WNT; �'="�"", __ r e:.a'-s'"�j�.'u44-4R=._
� ." i �-�....�im.0 i qt� ��H" "�°"'�..-•...—rr �—�w.-+-..._...�...�. _. ...,+ —.r s✓(f.:. a•.-im-.�r4. ++{
+15 .w.. -n wn a}r+`.a�::3.�i�s •�4�'r4.r -.mew,.^ ,- ,. P _....r -tV w......r,A ..n.. � N rX, ..
{ txrYv+vfl , S"s..:. ) 'ss}ij M aamtdeR —v- n, -tay s� �T a`x'. .•`. tc
„a-e+rttw ;d4 'TNHi"' w+aww. _,.a,•y..a,... _«... .r.. ,., -.,_ +:+�->._�� ...:x..._._
-raw:,. .yamwcr¢*1<y'x.a}r
f�� �y !p _ nAOb I .q .�. "E { [`i. of ✓ 4 F
Y A6GW i�Yt ii' #4 hfiY� e�fY
MTOTAL �t�` O7✓ —
h THE ABOVE HAS BEEN REVIEWED AND RECOMMENDATIONI FOR BILLING IS MADE B THEVKlDER310NED
e
o F -
^ I�Y'
yJICCOUNRNG APPROVAL_ .r.e ..�, qq , s. , +-sb1b.'�+n'rawl tf " x.. r.w. I+."t•+--I a�.+ln a+w.....n. areal ,7q`+N•••�"M
sj CRY MANAGER APPROVAL � .. DIRECTOR OF FINANCE APPROVAL
3
FIRST SOUITIET COMPANY
David K Medanich
Director
July 16, 1997
Ms Kathy DuBose
Director of Finance
City of Denton
215 East McKinney
Denton, Texas 76201
Dear Kathy
i
JUL 17 1997
FiNANCE
Attached you will find our Statement for Financial Advisory Services rendered in connection with
the sale and delivery of $4,700,000 City of Denton, Texas General Obligation Bonds, Series 1997
If you should have any questions concerning the attached, please contact me It was a pleasure to
be of service to you and the City in this matter
Attachment
Very truly yours,
David K Medanich
INVESTMENT BANKERS
1700 Pacific Aventie • Suite 500 • Dallas, Texas 752014652 . 214-953-4019 • FAX 214 953-4050
4
David K. Medamch
Director
��msrsouMrr
STATEMENT
July 16, 1997
City of Denton, Texas
Financial Advisory services rendered and expenses incurred by First Southwest Company
associated with the $4,700,000 City of Denton, Texas General Obligation Bonds, Series 1997
Exnattses
Financial Advisory Fee
Travel -Bond Credit Ratings
Printing, Matting and Distribution of Official Statement
Moody's Rating Fee
Standard & Poor's Rating Fee
Total Amount Due First Southwest Company
$ 21,250 00
6,68252
5,14342
6,50000
5,50000
JNVESTmENT BANKERS
1700 Pacific Avenue a Suite 500 a DaIW, Texas 752014642.214-953 4000 • FAX 214 953 4050