5 3
A R f,S O L U T IO NBY THEC IT Y C O T J N C ILO FTH E C IT Y O F
P E L IC A N B A Y ,T E X A S ,A P P O IN T IN GT 'IN A N C IA L A D V IS O R
A N DB O N D C O T ]N S E LFO R TH EC IT Y ,A -I[D A U T H O R IZ IN G
E X E C U T IO N O F AF IN A N C IA LA D Y IS O R Y S E R V IC E S
C O N T R A C TA N DA BONDC O U N S E LE N G A G E M E N TL E T T E R
W H E R E A S ,th e C ity o f P e lic a nB a y ,T e x a s(th e"C ity ") is c o n s id e rin gth e c o n s tru c tio no f
a s e w e r s y s t e m a n d t h ep u rc h a s eo f a w a te rs y s te m ,
a n d th e is z u a n c eo f o b lig a tio n sto fin a n c e
s u c hp ro je c ts ;
W H E R E A S ,th is C ity C o u n c i l h a s f o u n d a n d d e t e r m i n e dt h a t it is n e c e s s a r y
a n d inth e b e s t
i n t e r e s t o f t h e C i t y t oa p p o i n t a n d r e t a i n a f i n a n c i a la d v i s o ra n d b o n d c o u n s e l
t ore p re s e n t
th e C ity
in c o n n e c tio nw ith th e is s u a n c eo f b o n d sa n do th e ro b lig a tio n so f th e C ity ;a n d
W H E R E A S , it is o ffic ia lly fo u n d a n d d e te r m in e dth a t th e m e e tin g a t w h ic h th is r e s o lu tio n
h a sb e e nc o n s id e re da n d a c te du p o n w a s o p e nto th e p u b lica n dp u b lic n o tic eo f th e tim e , p la c e
a n d s u b j e c to f s a i d m e e t i n gw a sg iv e n , a ll a s r e q u i r e db y T e x . G o v ' t C o d eA n n . c h .5 5 1 ; N o w ,
T h e re fo re
B E IT R E S O L V E D B Y T IIEC IT Y C O U N C ILO F T T IE C IT Y O F P E L IC A NB A Y .
T E X A S :
S e c tio n1 . T h e firm o f F irs t S o u th w e s t
C o m p a yi s h e r e b y a p p o i n t e da n d re ta in e d a s
fin a n c ia l
a d v i s o rf o r t h e C i t y . T h e M a y o r i s h e r e b ya u t h o r i z e da n d d ire c te dto e x e c u tea fin a n c ia l
a d v i s o r ys e r v i c e sc o n t r a c tw i t h F i r s t S o u th w e s t
C om pany,
inth e fo rm a n d s u b s ta n c e
p re s e n te da t
th is m e e tin g ,s e ttin gfo rth th ete rm so f z u c h e n g a g e m e n t.
S e c t i o n2 , T h e la w firm o f F is h e r&N ew sonq P . C . ,i s h e r e b ya p p o i n t e da n d r e ta in e da s
b o n d c o u n s e l
fo r th e C ity . Inc o n n e c tio nw ith e a c hs e r i e s o r is z u eo f b o n d so r o th e r o b lig a tio n sto
b e is z u e db y th e C ity , th e C ity a n d F is h e r& N e w s o m "P .C .,s h a lle x e c u t ea n e n g a g e m e n t
le tte r
s e ttin gfo rth th e te rm s o f s u c he n g a g e m e n t
w itlre g a rdt o e a c hs e r i e s o r i s s u eo f b o n d so r o th e r
o b lig a tio n s . T h e M a y o r is h e re b ya u th o riz e da n d d ire c te dt o e x e c u tea nengagem ent
le tte r w ith
F is h e r& N e w s o m , P . C . , i nth e fo rm a n ds u b s ta n c e
p re s e n te da tth is in e e tin g ,s e ttin gfo rth th e
te rm sofs u c h engagem ent
w ith re g a rdto th e fin a n c in gd e s c rib e di n lh e firs t p a ra g ra p ho fth e
p re a m b let oth is re s o lu tio n .
S e c t i o n3 . T h i s R e s o l u t i o n s h a l l t a k e e f f e c t i m m e d i a t e l y
u p o ni t s a d o p tio n .
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