HomeMy WebLinkAboutResolution 2005-037
RESOLUTION NO. 2005-037
WHEREAS, the City of North Richland Hills, Texas, is required by Section 148 (f) (2) of the
Internal Revenue Code 1986, as amended, to determine to what extent, if any, it will be
required to rebate certain investment earnings on tax-exempt obligations issued by the City;
and
WHEREAS, it is necessary to make such determinations annually for all outstanding tax
exempt issues of the City; and
WHEREAS, First Southwest Asset Management, Inc. has successfully performed these
services for the City of North Richland Hills since 1987.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF NORTH RICHLAND HILLS,
TEXAS, THAT:
The City Manager be and is hereby authorized to execute the Arbitrage Rebate Compliance
Services Agreement between the City of North Richland Hills and First Southwest Asset
Management, Inc., as the act and deed of the City.
PASSED AND APPROVED, this May 9, 2005.
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APPROVED 'AS TO LEGALITY:
Oscar Trevino, Mayor
APPROVED AS TO CONTENT AND FORM: