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<br />. <br /> <br />- <br /> <br />REQUEST FOR CITY COUNCIL AGENDA ITEM <br /> <br />Requested By: <br /> <br /> <br />Appropriation <br /> <br />Agenda Date Requested: <br /> <br />Source of Funds: <br /> <br />2004 C.O. Bonds <br /> <br />Department: <br /> <br />FiAaAl:e <br /> <br />Account Number: Not Applicable <br /> <br />Report: <br /> <br />Resolution: <br /> <br />Ordinance: <br /> <br />xx <br /> <br />Amount Budgeted: Not Applieahle <br /> <br />Exhibits: <br /> <br /> <br />Amount Requested: ~ot applirab'e <br /> <br />Exhibits: <br /> <br />Budgeted Item: YES NO <br /> <br />Exhibits: <br /> <br />SUMMARY & RECOMMENDATION <br /> <br />The City has used Moroney & Beissner as Financial Advisors for many years. With the untimely passing of Moss <br />K. Fetzer, the principal in the firm, it is necessary that we obtain Financial Advisory Services in a timely manner, <br />since we are in the middle of issuing debt to finance several projects. We currently have an agreement with First <br />Southwest Company to serve as Financial Advisors to our Tax Increment Reinvestment Zone (T1RZ). At this time, <br />we would like to enter into contract with First Southwest to complete the impending Bond Sale and any subsequent <br />services we may need until such time that we can issue and evaluate Requests for Proposals. <br /> <br />This agreement allows us to stay on schedule with the upcoming bond issue, and the ability to take sufficient time to <br />evaluate respondent's to our RFP when issued. <br /> <br />Action Required bv Council: <br /> <br />Adopt Ordinance approving and authorizing a Contract for Financial Advisory Services with First Southwest <br />Company for a period beginning July 26, 2004, and ending March 31, 2005. <br /> <br /> <br />'1 -dd. -71 1 <br /> <br />Date <br />