1998-06-29-PEDC - Laserfiche WebLink

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367 PARIS ECONOMIC DEVELOPMENT CORPORATION RESOLUTION NO. 98-008 WHEREAS, the Board of Directors of the Paris Economic Development Corporation is -- desirous of initiating the process of issuing approximately $4,000,000.00 in Sales Tax Revenue Bonds, Series 1998; and, WHEREAS, it is deemed appropriate that the authorization of the City Council of the City of Paris be sought with regard to such issuance and that, upon such authorization, Southwest Securities be retained as financial advisor and that the City Attorney, Scott P. Foster, be requested to procure bond counsel; and, WHEREAS, it is further deemed appropriate that, in the alternative, the PEDC should seek financing in a means that best suits its needs; NOW, THEREFORE, BE IT RESOLVED BY THE PARIS ECONOMIC DEVELOPMENT CORPORATION, that the City Council of the City of Paris, be, and it is hereby, requested to authorize the PEDC to initiate the process of issuing approximately $4,000,000.00 in Sales Tax Revenue Bonds, Series 1998; and, BE IS FURTHER RESOLVED, that Southwest Securities be, and it is hereby, retained as bond counsel for said process, subject to authorization of such process initiation by the City Council of the City of Paris; and, BE IT FURTHER RESOLVED, that the City Attorney, Scott P. Foster, be and he is hereby, requested to procure bond counsel for said process, subject to authorization of such process initiation by the City Council of the City of Paris; and, BE IT FURTHER RESOLVED, that, in the alternative, the PEDC be, and it is hereby, authorized to seek financing in a means that best suits its needs. PASSED AND ADOPTED this 29th day of June, 1998. Curtis Fendley, President ATTEST: Richard M. Amis, Secretary-Treasurer -- APPROVED AS TO FORM: Scott P. Foster, City Attorney