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HomeMy WebLinkAboutContract 40904rA`X if SECRETARY CONTRACT N� �{0 00MIViERCIAL PAPER DEALER AGREEMENT Between CITY OF FORT WORTH, TEXAS and I.P. MORGAN SECURITIES INC. CP DEALER Dated May 1, 2010 Relating to City of Fort Worth, Texas Water and Sewer System Commercial Paper Notes, Series A OFFICIAL RECORD CITY SECRETARY Ft WORTH, TX 1 0-06-1 0 PO4 : 4 0 IN This COMMERCIAL PAPER DEALER AGREEMENT, dated May 1, 2010 (the 'Agreement"), between the CITY OF FORT WORTH, TEXAS (the 'Issuer") and J. P. MORGAN SECURITIES INC. (the "CP Dealer"). For and in consideration of the mutual covenants made herein and other valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: Section 1. Background and Definitions. (a) The Issuer has authorized the issuance and reissuance from time -to -time of its tax-exempt commercial paper notes (the "Notes") in the aggregate principal amount not to exceed $150,000,000 outstanding at any time. (b) The issuer has authorized the issuance of the Notes pursuant to its ordinance adopted on March 27, 2007 (the "Authorizing Document"). (c) JPMorgan Chase Bank, N.A. (the "Facility Issuing Party") has delivered a line of credit (the "Facility") with respect to the Notes to U. S Bank Trust National Association (the "Account Party") in accordance with the terms of the Authorizing Document and the Agreement dated as of May 1, 2010 (the "Facility Agreement") between the Issuer and the Facility Issuing Party. (d) The Authorizing Document provides for the appointment of a commercial paper dealer to perform certain duties, including the offering and sale from time -to -time of the Notes on behalf of the Issuer. (e) J.P. Morgan Securities Inc. has agreed to accept the duties and responsibilities of the CP Dealer with respect to the Notes under the Authorizing Document and this Agreement. (f) Unless otherwise defined herein, all capitalized terms shall have the meanings ascribed to them in the Authorizing Document or the Issuing and Paying Agent Agreement. Section 2. Appointment of CP Dealer. (a) Subject to the terms and conditions contained herein, the Issuer hereby appoints J.P Morgan Securities Inc. as the CP Dealer for the Notes, and J.P. Morgan Securities Inc hereby accepts such appointment. (b) The CP Dealer shall act as exclusive dealer with respect to the Notes. Section 3. Responsibilities of CP Dealer. (a) Subject to the terms and conditions set forth in this Agreement the CP Dealer agrees to perform the duties set forth in this Agreement. It is understood that in undertaking to perform such duties, and in the performance thereof, it is the intention of the parties that the CP Dealer will act solely as an agent and not as a principal except as expressly provided in this Agreement. The CP Dealer shall use its best efforts to solicit and arrange sales of the Notes on behalf of the Issuer at such rates and maturities as may prevail from time to time in the market. The CP Dealer and the Issuer agree that any Notes which the CP Dealer may arrange the sale of or which, in the CP Dealer's sole discretion, it may elect to purchase, will be purchased or sold on the terms and conditions and in the manner provided in the Authorizing Document, the Issuing and Paying Agent Agreement and this Agreement. Anything herein to the contrary notwithstanding, to the extent of any conflict between the provisions hereof and of the Authorizing Document or the Issuing and Paying Agent Agreement, the provisions of the Authorizing Document and the Issuing and Paying Agent Agreement shall be controlling. (b) Notwithstanding anything to the contrary contained herein, the CP Dealer: (i) will suspend its efforts with respect to the offer or sale of the Notes on behalf of the Issuer upon the receipt of notice of the occurrence of an event of default under the Notes, the Authorizing Document, the Facility, the Facility Agreement or the Issuing and Paying Agent Agreement; and (ii) may, in its sole discretion, suspend its efforts with respect to the offer or sale of the Notes on behalf of the Issuer immediately upon the occurrence of any of the following events, which suspension will continue so long as, in the CP Dealer's reasonable judgment, such event continues to exist as to the Notes: (1) suspension or material limitation in trading in securities generally on the New York Stock Exchange; (2) a general moratorium on commercial banking activities in New York is declared by either federal or New York State authorities; (3) the engagement by the United States in hostilities if the effect of such engagement, in the CP Dealer s reasonable judgment, makes it impractical or inadvisable to proceed with the solicitation of offers to purchase the Notes; (4) legislation shall be introduced by committee by amendment or otherwise, in, or be enacted by, the House of Representatives or the Senate of the Congress of the United States, or a decision by a court of the United States shall be rendered, or a stop order, ruling, regulation or official statement by, or on behalf of, the United States Notes and Exchange Commission or other governmental agency having jurisdiction of the subject matter shall be made or proposed, to the effect that the offering or sale of obligations of the general character of the Notes, as contemplated hereby, is or would be in violation of any provision of the Securities Act of 1933, as amended (the "Securities Act") as then in effect, or the Securities Exchange Act of 1934, as amended (the "Exchange Act') as then in effect, or with the purpose or effect of otherwise prohibiting the offering or sale of obligations of the general character of the Notes, or the Notes themselves, as contemplated hereby; (5) any event shall occur or information shall become known, which, in the CP Dealer s reasonable judgment, makes untrue, incorrect or misleading in any material respect any statement or information contained in any disclosure documents provided to the CP Dealer in connection with the performance of its duties hereunder, whether provided pursuant to Section 5 hereof or otherwise, or causes such documents to contain an untrue, incorrect or misleading statement of a material fact or to omit to state a material fact required to be stated therein or necessary to make the statements made therein, in light of the circumstances under which they were made, not misleading; (6) any governmental authority shall impose, as to the Notes, or obligations of the general character of the Notes, any material restrictions not now in force, or increase materially those now in force; (7) any of the representations and warranties of the Issuer made hereunder shall not have been true and correct on the date made; (8) the Issuer fails to observe any of the covenants or agreements made herein; (9) any of the rating agencies then rating the Notes or the Facility Issuing Party shall either (i) downgrade the ratings assigned to either the Notes or the Facility Issuing Party so that such Notes are not "Eligible Notes" as defined under Rule 2a-7 of the Investment Company Act of 1940 as amended or (ii) suspend or withdraw the then current ratings assigned to either the Notes or the Facility Issuing Party; or (10) an actual or imminent default or a moratorium in respect of payment of any U.S. Treasury bills, bonds or notes the effect of which in the CP Dealer's reasonable judgment makes it impractical to market the Notes or to enforce contracts for the sale of the Notes. Section 4. Transactions in Notes. All transactions in Notes between the CP Dealer and the Issuer shall be in accordance with the Authorizing Document, the Issuing and Paying Agent Agreement this Agreement, the Facility Agreement and with the customs and practices in the commercial paper market regarding settlement and delivery formally adopted in writing from time to time by the New York Clearinghouse, to the extent not inconsistent with the Authorizing Document. As early as possible, but not later than 12:30 p.m. on the day on which any Notes are to be issued, the CP Dealer shall notify the Issuer of the proposed final maturities, prices and interest rates (which interest rates shall not exceed 12% per annum) at which the CP Dealer will purchase or cause the purchase of the Notes, and provide the Issuer with any other information as required for delivery of such Notes. Except as described below, the CP Dealer shall not be obligated to purchase or cause the purchase of any Notes unless and until agreement has been reached in each case on the foregoing points and the CP Dealer has agreed to such purchase. Not later than 12:30 p.m. on the date of each transaction the CP Dealer shall either (a) confirm each transaction made with or arranged by it or (b) notify the Issuer and the Issuing and Paying Agent of the difference, if any, between the amount of maturing Notes and the amount of Notes which the CP Dealer has arranged to sell or has agreed to purchase. Such confirmation or notification shall be given by telephone (or by other telecommunications medium acceptable to the Issuer) and in writing to the Issuer and the Issuing and Paying Agent. Section 5. Payment for Notes. The CP Dealer shall pay for the Notes sold by the CP Dealer (or purchased by the CP Dealer for its own account) in immediately available funds by 2 15 p.m. on the Business Day such Notes are delivered to the CP Dealer (provided that such Notes are so delivered to the CP Dealer by 3:00 p.m. on such Business Day). All Notes will be sold at par, and will be evidenced either by (i) a global note immobilized with The Depository Trust Company of New York or (ii) if not, will be executed in the manner provided for in the Authorizing Document. Section 6. Designated Representative. Note transactions with the Issuer, pursuant to Section 4 hereof, shall be with any one of the officers or employees of the Issuer who are designated as a Designated Representative by certificate acknowledged by the City Secretary of the Issuer. The initial written designation of the Designated Representatives is appended hereto as Appendix A. The Issuer agrees to provide the CP Dealer with revised written designations in the form of Appendix A when and as required by changes in the Designated Representatives. The CP Dealer may rely upon such designation unless and until otherwise notified in writing by the Issuer. Section 7. Resignation and Removal of CP Dealer. The CP Dealer may at any time resign and be discharged of its duties and obligations hereunder upon providing the Issuer and the Issuing and Paying Agent with seven (7) days' prior written notice. The CP Dealer may be removed at any time, at the direction of the Issuer upon seven (7) days' prior written notice to the CP Dealer and the Issuing and Paying Agent. Upon removal or resignation of the CP Dealer, the Issuer shall promptly cause the Issuing and Paying Agent to give notice thereof by mail to all owners of the Notes and to any rating agency which has assigned a rating to the Notes. The CP Dealer shall assign and deliver this Agreement to its successor if requested by the Issuer. Section 8. Furnishing of Disclosure Materials. (a) The Issuer agrees to furnish the CP Dealer with as many copies as the CP Dealer may reasonably request of the investor memorandum of the Issuer relating to the Notes 5 (the "Investor Memorandum"), and such other information with respect to the Issuer and the Notes as the CP Dealer shall reasonably request from time to time. (b) The Issuer agrees to cooperate with the CP Dealer in the preparation from time -to -time of a new Investor Memorandum of the Issuer for the Notes in the event the CP Dealer determines that the preparation and distribution of such Investor Memorandum is necessary or desirable in connection with offering and sale on behalf of the Issuer of the Notes, and to furnish or to cause to be furnished to the CP Dealer as many copies of such new Investor Memorandum as the CP Dealer shall request. (c) If, at any time during the term of this Agreement, any event shall occur or facts become known to either party that might affect the correctness or completeness of any statement of a material fact contained in the then current Investor Memorandum, such party shall promptly notify the other in writing of the circumstances and details of such event. The Issuer agrees to promptly furnish to the CP Dealer a copy of each filing or notice made to anyone (whether in connection with the Notes or not) pursuant to any undertaking or other agreement of the Issuer made under any provision of Rule 15c2-12 promulgated by the United States Securities and Exchange Commission. Section 9. Indemnification and Contribution. To the extent permitted by the laws of the State of Texas, the Issuer will indemnify and hold harmless the CP Dealer and each of its directors, officers and employees and each person who controls the CP Dealer within the meaning of Section 15 of the Securities Act, against any and all losses, claims, damages or liabilities, joint or several, to which any such indemnified party may become subject under any statute or at law or in equity or otherwise, and will reimburse any such indemnified party for any legal or other expenses incurred by it in connection with investigating any claims against it and defending any actions, insofar as such losses, claims, damages, liabilities or actions arise out of or are based upon (i) an allegation or determination that the Notes should have been registered under the Securities Act, or (ii) any untrue statement or alleged untrue statement of a material fact contained in any disclosure documents furnished pursuant to the provisions of this Agreement or the omission or alleged omission to state therein a material fact necessary to make the statements therein not misleading, but the Issuer will not be liable in any such case to the extent that any such loss, claim, damage or liability arises out of or is based upon any such untrue statement or alleged untrue statement or omission or alleged omission made in the document in reliance upon and in conformity with written information furnished to the Issuer by the CP Dealer specifically for use in connection with the preparation of the documents. This indemnity agreement will not limit any other liability to any such indemnified party the Issuer otherwise may have; provided that in no event will the Issuer be obligated for double indemnification. (b) An indemnified party shall, promptly after receipt of notice of the commencement of any action against such indemnified party in respect of which indemnification may be sought against an indemnifying party, notify the indemnifying party in writing of the commencement of the action Failure of the indemnified party to give such notice will not 6 relieve the indemnifying party from any Liability it may have to such indemnified party. If such an action is brought against an indemnified party and such indemnified party notifies the indemnifying party of its commencement, the indemnifying party may, or if so requested by such indemnified party will, participate in or assume its defense, with counsel reasonably satisfactory to the indemnified party and, after notice from the indemnifying party to such indemnified party of an election to assume the defense, the indemnifying party will not be liable to the indemnified party under this Section for any legal or other expenses subsequently incurred by the indemnified party in connection with the defense other than reasonable costs of investigation. Until the indemnifying party assumes the defense of any such action at the request of such indemnified party, the indemnified party may participate at its own expense in the defense of such action. If the indemnifying party does not retain counsel to take charge of the defense or if the indemnified party reasonably concludes that there may be defenses available to it different from or in addition to those available to the indemnifying party (in which case the indemnifying party will not have the right to assume the defense of such action on behalf of such indemnified party), legal and other expenses reasonably incurred by the indemnified party shall be borne by the indemnifying party. Any obligation under this Section of an indemnifying party to reimburse an indemnified party for expenses shall be payable in reasonable amounts and at reasonable periodic intervals not more often than monthly as required by the indemnified party, but if the indemnified party is later determined not to be entitled to indemnification under this Section or otherwise, the indemnified party will promptly return any moneys paid pursuant to this sentence. No party will be liable with respect to any settlement effected without its consent. (c) In order to provide for just and equitable contribution in circumstances in which the indemnification provided for in subsection (a) of this Section hereof is due in accordance with its terms but, for any reason, is held by a court to be unavailable on grounds of policy or otherwise the Issuer and the CP Dealer will contribute to the total losses, claims, damages and liabilities (including legal or other expenses of investigation or defense) to which the Issuer and the CP Dealer may be subject in such proportion so that the CP Dealer is responsible for that portion represented by the percentage that the fee to be paid to the CP Dealer pursuant to this Agreement bears to the pnncipal amount of the Notes that may be outstanding, and the Issuer is responsible for the balance. In no case however, will the CP Dealer be responsible for any amount in excess of the fee applicable to the Notes remarketed by the CP Dealer under this Agreement and no person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) will be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. For purposes of this paragraph, each person who controls the CP Dealer within the meaning of the Securities Act shall have the same rights to contribution as the CP Dealer, and each person who controls the Issuer within the meaning of the Securities Act and each officer and each director of the Issuer will have the same rights to contribution as the Issuer, subject to the foregoing sentence Any party entitled to contribution will, promptly after receipt of notice of commencement of any action, suit or proceeding against such party in respect of which a claim for contribution may be made against another party or parties under this paragraph, notify each party from whom contribution may be 7 sought, but the failure to give such notice will not relieve the party from whom contribution may be sought from any obligation it may have to the party entitled to contribution. Section 10. Fees and Expenses. For the CP Dealer s services under this Agreement, the Issuer will pay the CP Dealer a fee of 0.08% per annum of the weighted average of the principal amount of Notes outstanding during each three month period. The Issuer will pay the fee quarterly in arrears commencing July 1, 2010, and each October 1, January 1 and April 1 thereafter. Section 11. Representations, Warranties, Covenants and Agreements of the Issuer. The Issuer, by its acceptance hereof, represents warrants, covenants, and agrees with the CP Dealer that: (a) it is a home -rule municipality and a political subdivision of the State of Texas; (b) it has full power and authority to take all actions required or permitted to be taken by the Issuer by or under, and to perform and observe the covenants and agreements on its part contained in, this Agreement and any other instrument or agreement relating thereto to which the Issuer is a party; (c) it has, on or before the date hereof, duly taken all action necessary to be taken by it prior to such date to authorize (i) the execution, delivery and performance of this Agreement the Authorizing Document, the Facility Agreement and any other instrument or agreement to which the Issuer is a party and which has been or will be executed in connection with the transactions contemplated by the foregoing documents; and (n) the carrying out, giving effect to, consummation and performance of the transactions and obligations contemplated by the foregoing agreements and by the current Investor Memorandum, (d) it will provide the CP Dealer at its address set forth below, (i) within 45 days of the end of each of its first three fiscal quarters, with copies of its unaudited quarterly financial statements, and (ii) within 120 days of the end of each fiscal year, with a copy of its annual audited financial statements for that fiscal year; and (e) it will promptly notify the CP Dealer by Electronic Means of any material adverse changes that may affect the offering and sale on behalf of the Issuer of the Notes or any fact or circumstance which may constitute, or with the passage of time will constitute, an event of default under the Notes, the Authorizing Document, the Facility or the Facility Agreement or the Issuing and Paying Agent Agreement. (f) Investor Memoranda and supplements, amendments and updates to any thereof, furnished by the Issuer and used by the CP Dealer (including amendments, supplements and replacements thereof), until such time as they shall have been subsequently amended, 8 updated or replaced shall not contain any untrue, incorrect or misleading statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements made therein, in light of the circumstances under which they were made, not misleading. Section 12. Term of Agreement. This Agreement shall become effective on the date hereof and shall continue in full force and effect until the cessation of the Notes program, subject to the right of suspension and termination as provided herein. Section 13. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Texas; provided that the obligations of the CP Dealer hereunder shall be governed and construed by the laws of the State of New York. Section 14. Dealing in Notes by the CP Dealer; No Obligation to Purchase Notes. The CP Dealer, in its individual capacity, may in good faith buy, sell, own, hold and deal in any of the Notes, including, without limitation, any Notes offered and sold by the CP Dealer pursuant to this Agreement, and may join in any action which any Owner may be entitled to take with like effect as if it did not act in any capacity hereunder. The CP Dealer, in its individual capacity, either as principal or agent, may also engage in or be interested in any financial or other transaction with the Issuer and may act as depositary, Account Party, or agent for any committee or body of owners of the Notes or other obligations of the Issuer as freely as if it did not act in any capacity hereunder Section 15. Miscellaneous. Except as otherwise specifically provided in this Agreement, all notices, demands and formal actions under this Agreement shall be in writing and either (i) hand -delivered, (ii) sent by electronic means, or (iii) mailed by registered or certified mail, return receipt requested, postage prepaid, to: The CP Dealer: J.P Morgan Securities Inc. 383 Madison Avenue, 8the Floor New York, NY 10179 Attention Peter McCarthy Telephone: (212) 834-7224 Telecopy: (917) 456-3541 The Issuer: City of Fort Worth, Texas 1000 Throckmorton Fort Worth, Texas 76102 Attention: Chief Financial Officer Telephone: (817) 392-6222 Telecopy: (817) 392-6134 The Issuing and Paying Agent: U S. Bank Trust National Association 100 Wall Street, Suite 1600 New York, New York 10005 Attention: Millie Rolla Telephone: (212) 361-2894 Telecopy: (212) 509-3384 Each party hereto may, by notice given under this Agreement to the other parties described above, designate other addresses to which subsequent notices, requests, reports or other communications shall be directed. (b) This Agreement shall inure to the benefit of and be binding only upon the parties hereto and their respective successors and assigns. The terms "successors" and "assigns" shall not include any purchaser of any of the Notes merely because of such purchase. Neither the Facility Issuing Party nor any owner of the Notes or other third party shall have any rights or privileges hereunder. (c) All of the representations and warranties of the Issuer and the CP Dealer in this Agreement shall remain operative and in full force and effect, regardless of (i) any investigation made by or on behalf of the CP Dealer or the Issuer, (ii) the offering and sale of and any payment for any Notes hereunder, or (iii) suspension, termination or cancellation of this Agreement. (d) This Agreement and each provision hereof may be amended, changed, waived, discharged or terminated only by an instrument in writing signed by the parties hereto. (e) Nothing herein shall be construed to make any party an employee of the other or to establish any fiduciary relationship between the parties except as expressly provided herein. (f) If any provision of this Agreement shall be held or deemed to be or shall, in fact, be invalid, inoperative or unenforceable for any reason, such circumstances shall not have the effect of rendering any other provision or provisions of this Agreement invalid, inoperative or unenforceable to any extent whatsoever. (g) All references to time in this Agreement shall refer to local time in New York City. (h) This Agreement may be executed in several counterparts, each of which shall be regarded as an original and all of which shall constitute one and the same document. 10 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written. At4:ested by tie; City (i.,:kicretary -4Ou stititi C,a4►%DIN `owttr act Authorization 41 13h0 Date OFFICIAL RECORD CITY SECRETARY Ft WORTH, TX • ►°oa otoo°°00000 Fiat litmQ 10.0 0 CITY OF FORT WORTH, 'TEXAS By: Name' Dale A. Fissele Title: City Manager Approved as to Form: 4 1,'At 4 � Q S BDog y• ¢0 n/ L 0 Name: David Yen 0 cio f Title: City Attorney 4), 00Ooeoo 4, ` 41), " acy 11 J.P MORGAN SECURITIES INC. By: Name: Title: t IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written. (OFFICIAL RECORD iTY SECRETARY Ft WORTH, TX 11 CITY OF FORT WORTH, TEXAS By: Name: Dale A. Fisseler Title: City Manager Approved as to Form: By: Name: David Yett Title: City Attorney J.P MORGAN SECURITIES INC. By: Name: Title: APPENDIX A CERTIFICATE OF DESFNATED REPRESENTATIVE I am the City Secretary of the City of Fort Worth, Texas (the "Issuer") duly authorized to certify as to the Designated Representatives of the Issuer in connection with the issuance, from time to time, by the Issuer of tax-exempt commercial paper (the "Notes") in accordance with the Authorizing Document. I hereby certify that the following persons are authorized to act on behalf of the Issuer in accordance with the Authorizing Document (as defined in the Dealer Agreement) and specimen signatures of such persons are set forth beside their names. Designated Persons Lena Ellis James Mauldin Greg Jordan Executed this OFFICIAL RECORD CITY SECRETARY Ft WORTH, TX 4 12 Name: Marty f'- ndrix Title: City Secretary Page 1 of 2 City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION: Approved on 4/13/2010 - Ord. No. 19113-04-2010 & 19114-04-2010 DATE: Tuesday, April 13, 2010 LOG NAME 1310WATERCP SUBJECT: Adopt an Ordinance Approving JP Morgan Chase as Liquidity Provider in Support of the City's Water and Sewer System Commercial Paper Notes, Adopt a Supplemental Appropriation Ordinance Increasing Appropriations by $488,130.58, Approve the Execution of an Agreement with the Liquidity Provider and Resolve Other Matters Incident and Related to the Issuance, Sale, Security and Delivery of Commercial Paper Notes REFERENCE NO.: C-24182 RECOMMENDATION: It is recommended that the City Council: 1. Adopt the attached ordinance approving JP Morgan Chase as liquidity provider in support of the City's Water and Sewer System Commercial Paper Notes; 2. Adopt the attached supplemental appropriation ordinance, increasing appropriations in the Commercial Paper Debt Service Fund by $488,130.58 from cash available for appropriation; 3. Approve the execution of an Agreement with the liquidity provider; and 4. Resolve other matters incident and related to the issuance, sale, security and delivery of Commercial Paper Notes DISCUSSION: The Commercial Paper program allows the City to deliver capital projects in one of two ways. The City can issue Commercial Paper Notes for interim financing or use the Commercial Paper authority to initiate the project and use cash from the City portfolio to fund projects until such time as the City issues debt to replenish the portfolio. This is the same practice where commercial paper has been used to.,support previous Water and Sewer capital projects, as well as the 1998 and 2004 capital projects bond programs. The Agreement with the current liquidity provider for this program, Bank of America, expires on April 20, 2010. Because of the current market, rates have increased significantly over what the City is currently paying. After comparing quoted rates, the City's financial advisors and the City staff recommend retaining JP Morgan Chase to provide the liquidity facility and act as the Issuing/Paying Agent, if required. The fee of 70 basis points equates to an annual cost of approximately $1,150,000.00 which is an increase of $488,130.88 over existing fees for the remainder of Fiscal Year 2010. FISCAL INFORMATION / CERTIFICATION: The Financial Management Services Director certifies that upon approval of the above recommendations and the adoption of the attached ordinance and attached supplemental appropriation ordinance, funds will be available in the current debt service budget, as appropriated of the Commercial Paper Debt Service http://apps.cfwnet.org/ecounci /printmc.asp?id=13342&print=true&DocType=Print 10/7/2010 Page 2 of 2 Fund. FUND CENTERS: TO Fund/Account/Centers PE52 553010 0132000 FROM Fund/Account/Centers $488,130.58 PE52 553010 0132000 $488,130.58 CERTIFICATIONS: Submitted for City Manager's Office by: Originating Department Head: Additional Information Contact: Karen Montgomery (6222) Lena Ellis (8517) James Mauldin (2438) ATTACHMENTS 1. 1310WATERCP AO.doc (Public) 2. Fund Availability.pdf (CFW Internal) 3. Ordinance JPM.doc (Public) 4. Pe52-202000 pdf (CFW Internal) 5. Water dept Notifcation .msg (CFW Internal) http://apps.cfwnet org/ecouncil/printmc.asp?id=13342&print=true&DocType=Print 10/7/2010