1997-216 O N. CE 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, m order to comply with legislative reqmrements for payment of financial
advisory serwces or other fees, the C~ty of Denton is required to pay to First Southwest
Company; and
WHEREAS, the C~ty Manager has reviewed and recommended that the Councd
approve the payment of such fees; NOW, THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
SECTION I. That the expenditure of funds in the amount of $45,075.94 to be paid
to F~rst Southwest Company, is hereby authorized
~ That this ordinance shall become effective ~mmed~ately upon its passage
and approval.
PASSED AND APPROVED this the day of ,1997
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
APPROVED AS TO LEGAL FORM:
HERBERT L. PROUTY, CITY ATTORNEY
DATE AUGUST 5, 1997
CITY COUNCIL REPORT
TO ~ 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
I~ECOMMENDATION: We recommend this check request be approved for payment to F~rst Southwest
Company m the amount of $45,075 94
SUMMARY~ This check re.quest and attached invoice are for Financial Advisory Services rendered in
connection with the sale and delivery of $4,700,000 00 General Obhgation Bonds, Series 1997
The payment 9f f .mpn_cial a_d_ vis,ory f~e~s and any other fees associated with bond sales is a term and eondmon
of our contract with First Soumwest ~ompany
pROGRAMS. DEPARTMENTS OR GROUPS AFFECTED: General Obhgat~on Bond Sales and
Finance Deparknent Operations
~ Funds for the payment of these fees are avmlable from the bond sales account number
3 -8421
Attachments ~ Check Request
Statement for First Southwest Company
Respectfully submitted
Kh~u~ose
ExecutwCDlrector of Finance
Appt~oved
Name TomID Sl~w, C P M
Title purchasing Agent
906 AGENDA
INVOICE DATE~ NUMBBR AN~R ~P~NA~ON ~?' % ~ ~= A~ NO ~ N~ ~ A~
~E ABOVE H~ BEEN REV ~ED AND RE~MUEN~ON ~R 8 UAO~
TS0 TCOMPANY i 0uL IT I997
David K Medanlch
Director
July 16, 1997
Ms Kathy DuBose
Director of Finance
City of Denton
215 East McKmney
Denton, Texas 76201
Dear Kathy
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 fins matter
Very truly yours,
David K Medamch
Attachment
INVESTMENT BANKERS
1700 Pacific Average* State 500 * Dallas, Texas 75201-4652 * 214-953-4019 * FAX 214 953-4050
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SOUTHWEST COMPANY
Da,nd K. Medamch
STATEMENT
July 16, 1997
City of Denton, Texas
Fmancml Adwsory services rendorexi and exl~nses ~ncurrexl by First Southwest Company
associated wtth the $4,700,000 Cxty of Denton, Texas General ObhgaUon Bonds, Series 1997
Flnanc, al Advisory Fee $ 21,250 00
Travel-Bond Credit Raungs 6,682 52
Pnntmg, Mmlmg and Dlstnbuuon of Official Statement 5,143 42
Moody's Ratang Fee 6,500 00
Standard & Poor's RaUng Fee 5,500 O0
Total Amount Due F~rst Southwest Company ~
INV~ BANKERS
1700 Pactflc Avenue · Suite 500 · Dallas, Texas 75201.4642 · 214.953 4000 · FAX 214 953 4050
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