Res 208-90 12/6/1990RESOLUTION NO . :7(DO 70
RESOLUTION AUTHORIZING THE CITY MANAGER
TO ENTER INTO A CONTRACT WITH FIRST
SOUTHWEST COMPANY FOR ARBITRAGE REBATE
COMPUTATIONS FOR THE WATER AND SEWER
SUBORDINATE LIEN REVENUE BONDS , SERIES 1990
WHEREAS , The City of Wichita Falls entered into a
funding agreement with the Texas Water Development Board;
WHEREAS , Federal Regulations require that Arbitrage
Rebate Interest be reimbursed to the Federal Government ;
and ,
WHEREAS , It is deemed appropriate that the City enter
into a contract with The First Southwest Company, Investment
Bankers, for the complex computation of Arbitrage Rebate
Interest .
NOW , THEREFORE , BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF WICHITA FALLS , TEXAS , THAT
The proposed contract for The First Southwest Company,
Investment Bankers, for the complex computation of Arbitrage
Rebate Interest is hereby approved .
PASSED AND APPROVED this the 6t. day of December , 1990 .
M A Y O R
ATTEST :
City Clerk