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<br />117 <br /> <br />RESOLUTION 1991-122 R <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br />OF SAN MARCOS, TEXAS, APPROVING THE TERMS AND <br />CONDITIONS OF AN AGREEMENT BETWEEN THE CITY <br />AND FIRST SOUTHWEST COMPANY FOR ARBITRAGE <br />REBATE COMPLIANCE SERVICES; AUTHORIZING THE <br />CITY MANAGER TO EXECUTE THE AGREEMENT ON <br />BEHALF OF THE CITY; AND DECLARING AN EFFECTIVE <br />DATE. <br /> <br />WHEREAS, the City is required to perform certain arbitrage <br />rebate calculations for bond sales and investments in accordance <br />with the United States Internal Revenue Code; and, <br /> <br />WHEREAS, the City desires to engage the services of First <br />Southwest Company to perform these rebate calculations to assure <br />compliance with applicable federal requirements; now, therefore, <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br /> <br />PART 1. That the terms and condi tions of the agreement <br />attached to this Resolution between the City and First Southwest <br />Company for Arbitrage Rebate Compliance Services are hereby <br />approved. <br /> <br />PART 2. That the City Manager, Larry D. Gilley is hereby <br />authorized to execute this Agreement on behalf of the city. <br /> <br />PART 3. That this Resolution shall be in full force and <br />effect immediately from and after its passage. <br /> <br />ADOPTED this the 14th day of lot11b1J? ' 19 91 . . <br /> <br />~f:.YJ.vIf1:'\JfV\, . ~ <br /> <br />Mayor 4 <br /> <br />ll.t}test: ~ ~ . <br />i... .I~ <br />cy.ti/)11 :'V~) ~ i{)1Ir4A'~~ <br />.i;.nis K. Womack <br />City Secretary <br />