1996-063 ORDINANCE NO qb -(~.~
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, ~n order to comply vath contractual agreements w~th F~rst Southwest Company,
the C~ty of Denton ~s reqmred to the pay ArNtrage Fees, and
WHEREAS, the C~ty Manager has rewewed 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 ~n the amount of $27,360 00 to be prod to F~rst
Southwest Company, ~s hereby authorized
SI~.CTION II. That fins ordinance shall become effecuve ~mmedtately upon ~ts passage and
approval
PASSED AND APeROVEDthlsthe /~q" dayof //~t~AL-~, 1996
ATTEST CASTLEBEP Y, M;R
JENNIFER WALTERS, CITY SECRETARY
/
BY _.~ _5~0,1_.~-.~
APPROVED AS TO LEGAL FORM
HERBERT L PROUTY, CITY ATTORNEY
DATE MARCH 19, 1996
~REPORT
TO Mayor and Members of the City Council
FROM Rick Svehla, Acting City Manager
SUBJECT CItECK REQUEST TO FIRST SOUTHWEST COMPANY
~ We recommend the check request to First Southwest Company be
approved in the mount 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
R&CIlLGRDI/I~ Check Request to First Southwest Company and Invoice #R1454 from First
Southwest Company
PROGRAMS; DEPARTMENTS OR GROUPS AI~FECTED: Finance Administration,
Treasurer Operations and Bond Sales
EISCAL 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
Mumc~pal Building
215 E McKumey
Denton, TX 76201
Attn Mr Hadan lefferson
Invoice Date: December 15, 1995
Invoice Number: R1454
Computational fee recurred m connection w~th the arbitrage calculations prepared for
the attached detaded bond ~ssue(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
CHECK REQUISITION-VOUCHER
PAY TO Check Number
F~rst Southwest Company $27,360
Amount
1700 Pac~hc Avenue, Suite 500
Treasury
Dallas, TX 75201 Department
ATTN Terrence Burke March 3, 1996
Date
INVOICE DATE NUMBER AND/OR EXPLANATION ACCT NO NET INV AMT
Per attached, fees associated w~th arbitrage 610-105-1051-923B-8502 $ 1,899 54
calculations 620-081-0450-8502 2,851 05
625-082-O451-8502 4,929 41
ACCOUNTING PLEASE WRITE CK NUMBER 100-042-024M-8997 6,000 00
ON WHITE COPY AND RETURN TO FINANCE 441-040-ARBI-OO06-8547 2,000 OO
441-040-ARBI-OO06-8547 2,000 OO
437-040~ARBI-O006-8547 1,680 O0
446-040-ARBI-0006-8547 1,568 O0
722-O25-O584-8502 432 OO
449-040-ARBI-O006-8547 2,000 O0
450-O40-ARBI-OO06-8547 2,000 OO
TOTAL $27,360 00
The above has been rewewed and recommendatmn for payment made by the undersigned
Account,ng Approval e/~ ~ S~I~
C,ty Manager Approval D~rector of Finance