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<br />RESOLUTION NO. 97-014
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<br />WHEREAS, the City of Paris, in connection with the sale and issuance of certain bonds,
<br />notes, certificates, or other tax-exempt obligations, will have the need to determine to what extent,
<br />if any, it will be required to rebate investment earnings of the proceeds of the bonds to the United
<br />States of America pursuant to the provisions of Section 148(f)(2) of the Internal Revenue Code of
<br />1986; and,
<br />
<br />WHEREAS, First Southwest Asset Management, Inc., an affiliate of First Southwest
<br />Company, provides professional services necessary to effect such determination, and the City of
<br />Paris is desirous of securing the same; and,
<br />
<br />WHEREAS, the form of the Agreement for Arbitrage Rebate Compliance Services,
<br />attached hereto as Exhibit A, should, in all things, be approved, and the Mayor, Eric S. Clifford,
<br />should be authorized to execute the same; NOW, THEREFORE,
<br />
<br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS, that the
<br />form of the Agreement for Arbitrage Rebate Compliance Services with First Southwest Asset
<br />Management, Inc., attached hereto as Exhibit A, for professional services to determine to what
<br />extent, if any, the City of Paris will be required to rebate investment earnings of the proceeds of
<br />certain bonds, notes, certificates, or other tax-exempt obligations to the United States of America
<br />pursuant to the provisions of Section 148(f)(2) of the Internal Revenue Code of 1986, be, and the
<br />same is hereby, approved; and,
<br />
<br />BE IT FURTHER RESOLVED, that the Mayor of the City of Paris, Eric S. Clifford, be,
<br />and he is hereby, authorized and directed to execute, on behalf of the City of Paris, the Agreement
<br />for Arbitrage Rebate Compliance Services with First Southwest Asset Management, Inc., under
<br />the terms and conditions and in the form shown in Exhibit A, attached hereto.
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<br />PASSED AND ADOPTED this 10th day of February, 1997.
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<br />~h___
<br />
<br />Eric S. Clifford, ~or
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<br />ATTEST:
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<br />~~~L~~~
<br />
<br />Mattie Cunningham, City Cle
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