HomeMy WebLinkAbout1996-063ORDINANCE NO a 6 _Lk
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 the 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
SE_ _CTION I. That the expenditure of funds in the amount of $27,360 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 � Al , 1996
ATTEST
JENNIFER WALTERS, CITY SECRETARY
BY 1*% � I .*I,, , a
APPROVED AS TO LEGAL FORM
HERBERT L PROUTY, CITY ATTORNEY
DATE MARCH 19, 1996
TO Mayor and Members of the City Council
FROM Rick Svehla, Acting City Manager
SUBJECT CHECK REQUEST TO FIRST SOUTHWEST COMPANY
RECOMMENDATION: We recommend the check request to First Southwest Company be
approved in the amount of $27,360 00
SUMMARY: This check request to pay fees associated with arbitrage calculations for bond issues
as listed on attached invoice number R1454 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
BACKGROUND.: Check Request to First Southwest Company and Invoice 4R1454 from First
Southwest Company
PROGRAMS, DEPARTMENTS OR GROUPS 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 check request totaling $27,360 00
Respectfully submitted
Rick Svehla
Acting City Manager
APPROVED
Name Tom D Shaw, CPM
Title Purchasing Agent
718 AGENDA
INVOICE
First Southwest Company,
Arbitrage Rebate Compliance Services
City of Denton
Municipal Building
215 E McKinney
Denton, TX 76201
Attn Mr Harlan Jefferson
Invoice Date: December 15, 1995
Invoice Number: R1454
Computational fee Incurred In connection with the arbitrage calculations prepared for
the attached detailed bond issue(s)
Total Amount Due: $27,360
Please remit payment to:
First Southwest Company
1700 Pacific Avenue, Suite 500
Dallas, Texas 75201
Attention: Terence P. Burke
L
CHECK REQUISITION -VOUCHER
PAY TO
First Southwest Company
1700 Pacific Avenue Suite 500
Dallas TX 75201
ATTN Terrence Burke
Check Number
$27 360
Amount
Treasury
Department
March 3 1996
Date
INVOICE DATE NUMBER AND/OR EXPLANATION
ACCT NO
NET INV AMT
Per attached, fees associated with arbitrage
610-105-1051-923B-8502
$ 1,899 54
calculations
620-081-0450-8502
2,851 05
625-082-0451-8502
4,92941
ACCOUNTING PLEASE WRITE CK NUMBER
100-042-024M-8997
6,00000
ON WHITE COPY AND RETURN TO FINANCE
441-040-ARBI-0006-8547
2,00000
441-040-ARBI-0006-8547
2,00000
437-040-ARBI-0006-8547
1,68000
446-040-ARBI-0006-8547
1,56800
722-025-0584-8502
43200
449-040-ARBI-0006-8547
2,00000
450-040-ARBI-0006-8547
2,00000
TOTAL 1 $27,360 00
The above has been reviewed and recommendation for payment maZS1
undersigned
Accounting Approval ure
City Manager Approval
Director of Finance