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Draft <br />RESOLUTION N0. <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PARIS, TEXAS; <br />APPROVING A PROPOSAL FOR PROFESSIONAL SERVICES WITH MCCALL, <br />PARKHURST & HORTON, L.L.P., FOR BOND COUNSEL SERVICES <br />ASSOCIATED WITH CITY'S APPLICATION TO THE TEXAS WATER <br />DEVELOPMENT BOARD FOR A DRINKING WATER STATE REVOLVING <br />FUND LOAN. MAKING OTHER FINDINGS AND PROVISIONS RELATED <br />TO THE SUBJECT; AND DECLARING AN EFFECTIVE DATE. <br />WHEREAS, the City of Paris is preparing an application to the Texas Water <br />Development Board for a Drinking Water State Revolving Fund Loan in the amount of <br />$3,400,000.00 to fund 15 City water line replacement projects designated on the City's <br />Capital Improvement Project list; and <br />WHEREAS, the Texas Water Development Board and other State Law requires the <br />City to hire Bond Counsel Services to advise City and TWDB on preparation and approval of <br />the certificates of obligations to fund the water line replacement projects for the City; and, <br />WHEREAS, McCall, Parkhurst & Horton, L.L.P., has submitted a Proposal for <br />Professional Bond Counsel Services in the base amount of $15,000.00 to assist City with <br />loan approval process and issuance of debt obligations for the water system improvements, <br />a copy of which is attached hereto as Exhibit "A". <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />PARIS, TEXAS: <br />Section 1. That the findings set out in the preamble to this resolution are hereby <br />in all things approved. <br />Section 2. That the City Council of the City of Paris, Texas hereby accepts the <br />Proposal for Professional Bond Counsel Services from McCall, Parkhurst & Horton, L.L.P., to <br />assist City with the TWDB Loan Approval process and issuance of debt obligation for the <br />Water System Improvements Project, a copy of which is attached hereto as Exhibit "A". <br />Section 3. That the City Manager is authorized to negotiate and execute all <br />documents necessary to accept the Proposal for Professional Services and to proceed with <br />application for funding through the TWDB. <br />Section 4. This resolution shall be effective immediately upon passage. <br />DULY PASSED AND APPROVED this 14th day of May, 2012. <br />- 1 11'7 <br />