1997-033 ORDINANCE NO q q-0Z~
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 I. That the expenditure of funds in the amount of $27,960.00 to be paid
to First Southwest Company, is hereby authorized
S~ That this ordinance shall become effective immediately upon its passage
and approval
PASSED AND APPROVED th~s the /t/~ day of ~ 1997
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
APPROVED AS TO LEGAL FORM:
HERBERT L. PROUTY, CITY ATTORNEY
F~E ORD
DATE FEBRUARY 4, 1997
CITSLC_XlUiS~ILREP O R T
TO Mayor and Members of the City Council
FROM Ted Benavldes, City Manager
SUBJECT CHECK REQUEST TO FIRST SOUTHWEST COMPANY
I~ECOMMENDATION: 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 mqmres Council approval after receipt of a billing analysis and invoice
PROGRAMS, DEPARTMENTS OR GROUPS~.EEECTED: Finance Administration, Treasurer
Operatxons 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
Title Senior Buyer
Approved
Name Tor~D Shaw, C P M
Title Purchasing Agent
827 AGENDA
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CHECK REQUISITION-VOUCHER
PAY TO. Check Number
F~RST SOUTHWEST COMPANY $27960.00
Amount
1700 PACIFIC AVENUE
Finance
SUITE 500 Department
DALLAS, TX 75201 01/13/97
Date
INVOICE DATE NUMBER AND/OR EXPLANATION ACCT NO NET INV AMT
COMPUTATIONAL FEE INCURRED IN SEE ATTACHED $27,960 00
CONNECTION WITH THE ARBITRAGE
PREPARED FOR BOND ISSUES
ACCOUNTING PLEASE WRITE CK NUMBER
ON WHITE COPY AND RETURN TO FINANCE
TOTAL $27,960 O0
The above has been rewewed and recommendation for payment ~s made by the undersigned
Accounting Approval ' ' ~ ~'~r,
City Manager Approval Director of Finance
INVOICE
First Southwest Company
Arbitrage Rebate Compliance Services
City of Denton
Mumclpal Budding
215 E McKmney
DenWn, TX 76201
Arm Mr Harlan Jefferson
Invoice Date: December 20, 1996
Invoice Number: R1756
ComputaUonal fee recurred m connectton with the arbitrage calculataons prepared for
the attached detailed bond xssue(s)
Total Amount Due: $27,960
Please remit navment to:
First Southwest Company
1700 Pacific Avenue, Suite $00
Dallas, Texas 7S201
Attention: Terence P. Burke
Oecem~er 20, 1996
City of Denton
AnaLysis of Bt[[ for
Arbitrage CaLcuLations
Prepared by
First Southwest Asset Management, Inc
Invoice Number R1756
Period No Of Annual current
Pa Amount Issue Description From To Years Fee Fee Notes
,0,000 Revenue Bonds, 6/18/96 9/30/96 28 2,000 560
UtiLity
System
Series 1996 ~
'36,510,000 UtiLity System Revenue Refunding Bonds, 6/18/96 9/30/96 28 1,000 280
Series 1996A
~515,000 genera[ ObLigation Bo~s~ 6/18/96 9/50/96 28 2,000 560
Ser~es 1996
~,190,000 Certificates of Ob[~gat~on~ 6/18/96 9/~0/96 28 2,000 560
Series 1996 ~a-O~O.~6Z_~g~7~
Total 27,960
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