HomeMy WebLinkAboutContract 45387-A1 cmr sECRETARY -A'l
CONTRACT NO.!24�f
City of Fort Worth
Annual Renewal Agreement
April 15,2014
First Southwest Asset Management INC
325 North St Paul St Ste 800
Dallas,TX 75201
Attn: Bill Johnson
Email Address: wjohnson @firstsw.com SCANNED
Phone#:214-953-8817
Fax#: APR 3 a ZU14
REQUEST TO EXERCISE RENEWAL OPTION
Computational fee incurred In connection
CURRENT CONTRACT#: C26350
P.O.N: 13-00081179
Y oyr-F irac--Wil4`exoire,on=7%31%1:4. If you agree to extend the existing contract for an additional 12-month
period,please mark the appropriate box,sign below and return to the Purchasing Division within 48 hours.
Final approval is dependent upon the Purchasing Manager and fund availability. A Notice of Blanket Award
with the new purchase order number will be forwarded to you upon completion of the renewal process.
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If you have any questions concerning this correspondence,please contact the undersigned at 817-392-8381.
Thank you for your prompt attention and for your continued interest in doing business with the City of Fort
Worth.
Sincerely,
Pamela Kenney
Purchasing Division
Financial Management Services Department
817-392-8381 –Direct
817-392-8440–FAX
From-.8/01/14 through 7131115
)Y s, a this agent No,Do Not Renew this agree nt
�J-C-L,
Bill Johnson Dactc Susan Alanis
�f1RR
M start ity Manager
CM -
M xittaoo�cxJ�x Denis C. cElroy
C �ilfl�E�tl�� Assistant y Attorney
cn �
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F��,p®Rr
Mary J. Kay s Q�Cd opO00
City Secretary o°
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OFFICIAL RIIC0R0 06 OX
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CITY S%CRIffARY °000000000000
�T�Y�iORT�,TX TAS
RECEIVED AUG 1 1014
i
Form No. 148.(f);Rev'd 140703
AGREEMENT FOR CITY 9CITARY _
ARBITRAGE REBATE COMPLIANCE SERVICi bNMCT '
BETWEEN
CITY OF FORT WORTH,TEXAS
(Hereinafter Referred to as the"Issuer")
.AND
FIRST SOUTHWEST ASSET MANAGEMENT,INC.
(Hereinafter Referred to at"First•Southwesp)
It is understood and:agreed that the Issuer,In connection with the sale and:delivery of certain bonds,notes, certificates, or
other tax-exempt obligations.(the"Obligations"),will have the need to determine to what extent,if,any,it will be required to
rebate certain.investment earnings(the amount of such rebate being referred to herein as the"Arbitrage AmounP')from the
proceeds of the Obligations to the United States of America pursuant to'the.provisions of.Section 148(1)(2).of the Internal
Revenue Code of 1986, as.amended (the "Code").For purposes of.this Agreement,the term."Arbitrage Amount' includes
payments made under the election to pay,:penalty in lieu of rebate for a qualified construction issue under Section 148(1)(4)of
the Codo:
The terns and conditions contained herein,represent the agreement(the"AgreengenP')between:t.he issuer And First Southwest
effective.at the'date°of its.acceptance as provided for herein below.
1. This Agreement shall apply to all issues of tax-exempt Obligations delivered subsequent to: effective date of the
rebate requirements under the Code,except foi(i)issues which qualify fonexceptions�to the rebate requirements in
accordance with.Section 148 of'the Code and related Treasury regulations, or (ii) issues excluded by the Issuer in:
writing, in:accordance,with the further provisions hereof, (iii),new: ssues effected in-a fashion whereby First
Southwest is unaware of the existence of such issue„(iv) issues in which, for reasons outside the control of First
Southwest,First Southwest is unable to procure the necessary information required to perform such services.
Covenants of First Southwest
2. First Southwest agrees to provide our professional services in determining tite':Arbitrage Amount with regard to the
Obligations. The Issuer wlll.assum&,and pay the fee of First.Southwest as such fee is set out in Appendix A attached
hereto, First Southwest shall not be responsible for any expenses that the parties mutually agree`on a case-by-case
basis.are•extraordinary in nature.:and that are incurred:on behalf.of Issuer in•connection With providing such
professional services, including any costs incldent to litigation, mandamus action; test case or other similar legal
actions.
3. First Southwest agrees to perform the following duties in connection with providing arbitrage rebate compliance
services',
a.' To cooperate fully with the Issuer In teview•ing the schedule of investments made by the Issuer with (i)
proceeds from.the Obligators, and:(ii) proceeds of other.funds of the Issuer which, under Treasury
Regulations Section 1.148, or,any successor regulations thereto;, are subject to the rebate requirements of
the Code;
W.
b. To perfornt,or.cause to be performed,'consistent with the.Code and the regulations promulgated thereunder,
calculations to determine the Arbitrage Amount-Linder Section 148(f)(2)of the Code;raid
C. To provide a report to the Issuer specifying the Arbitrage Amount based upon.the investment schedule,the
calculations of bond yield and investment yield;and.other information deemed relevant by First Southwest.
In,undertaking to provide the,services set forth u ,paragraph 2 and this paragraph 3, Flrst Southwest does
not assume any responsibility for any record retention requirements which the.Issuer may have under the
Code;or other applicable laws', it being understood that the Issuer shall remain responsible for compliance
With any such record retention requirements..::;
OFFICIAL RECORD
CITY SECRETARY �sz8s_4
Page of FT,WORTH,TX l ��CbM M 2 ' 7014
i
Covenants of the Issuer
4, In connection with the performance of the aforesaid duties,the Issuer agrees to the followb►g:
a. The fees due to First Southwest in providing arbitrage rebate compliance services shall be calculated i i
accordance with Appendix A attached hereto. The fees associated with services relating to Obligations will
be payable upon delivery of the report prepared by First Southwest for each issue of Obligations during the
term of this Agreement. The fees associated'with services relating to other funds of the Issuer that, under
Treasury Regulations Section 1.14.8, or any successor regulations thereto, are subject to the rebate
requirements will be payable within thirty (30) days of delivery of a report prepared by First Southwest
regarding such other funds during the term of this Agreement
b. The Issuer will provide First Southwest all information regard'ung the issuance of the Obligations and the
investment of the proceeds therefi-om; and any other information necessary in connection with calculating
the Arbitrage Amount, First Southwest will rely on the information supplied by the Issuer without inquiry,it
being understood that First Southwest will not conduct an auditor take any other steps to verify the
accuracy or authenticity of the information provided by the Issuer.
C. The Issuer will notify First Southwest in writing of the retirement, prior to the scheduled maturity, of any
Obligations included under the scope of this Agreement within 30 days of such retirement. This notification
is required to provide sufficient time to comply with Treasury Regulations Section 1.148-3(g) which
requires final payment of any Arbitrage Amount within 60 days of the final retirement of the Obligations.In
the event the Issuer fails to notify First Southwest in a timely manner as provided hereinabove, First
Southwest shall have no further obligation or responsibility to provide any services under this Agreement
with respect to such retired Obligations.
5. In providing the services set forth in this Agreement, it is agreed that First.Southwest shall not incur any liability for
any error of judgment made in-good faith by a responsible officer or officers thereof and,except to the limited extent
set forth in this paragraph,shall not incur any liability for any other errors or omissions,unless it shall be proved that
such error or omission was a result of the negligence, gross negligence or willful misconduct of said officer or
officers. In the event a payment is assessed by the Internal Revenue Service due to an error by Fust Southwest, the
Issuer will be responsible for paying the correct Arbitrage Amount and First Southwest's liability shall not exceed
the.amount of any penalty:or interest imposed on the Arbitrage Amount as a result of such error.
Obligations Issued Subsequent to Initial Contract
6. The services contracted for under this Agreement will automatically extend to any additional Obligations(including
financing lease obligations) issued during the term of this Agreement, if such Obligations are subject to the rebate
requirements under Section 148(f)(2) of the Code, In connection with the issuance of additional Obligations, the
Issuer agrees to the following:
a. The Issuer will notify or cause the notification, in writing, to First Southwest of any tax-exempt financing
(including financing lease obligations) issued by the Issuer during any calendar year of this Agreement,and
will provide First Southwest with such information regarding such Obligations as Fast Southwest may
request in connection with its performance of the arbitrage rebate services contracted for hereunder.If such
notice is not provided to First Southwest with regard to a particular issue, First Southwest shall have no
obligation to provide any services hereunder with respect to such issue.
b. At the option of the Issuer, any additional Obligations to be issued subsequent to the execution of this
Agreement may be excluded from the services provided for Herein. In order to exclude an issue,the Issuer
must notify First Southwest in writing of their intent to exclude any specific Obligations from the scope of
this.Agreement, which exclusion shall be permanent for the Rill life of the Obligations; and after receipt of
such notice, First Southwest shall have no obligation to provide any services under this Agreement with
respect to such excluded Obligations.
Page 2 of 6 75286_4
Effective Date-of Agreen ent
7. This Agreement shall remain in: effect for:,it period of one (1) ,year, .effective August 1,. 2013 and ending
July 31,2014i:with two(2)options td renew for a period of one(1)year, provided;.however, that this Agreement
may be terminated with or without cause:by.the Issuer or,First Southwest,upon thl►ty(30)days prior written notice to
the other paity. In the eyent,of.such<terminatiorw,,it is understood and agreed that only the amounts due to First
Southwest for services provided and extraordinary.expenses incurred to and including the date of termination will be
due and payable., No pe.naltywill be assessed for termtnation.of this Agreement: In the-event this Agreement expires
or is terminated prior to the completion of its stated term,all,records provided to First Southwest with respect to the
investment of monies by the Issuer shall be returned to the Issuer as soon as practicable following written request by
Issuer: In addition,the parties hereto agree that,upon termination of this Agreement,First Southwest shall have no
continuing obligation to the Issuer regarding any arbitrage rebate related services contemplated'herein,regardless of
whether such services have previously been undertaken,.completed or performed:
-Acceptance of Agreement
8. This Agreement.is submitted in duplicate Originals.'When accepted by the Issuer in accordance with the terms
hereof, it, together with Appendix A attached hereto, will constitute the entire Agreement between the Issuer and
First Southwest for the purposes, and the consideration herein:specified,.In order,for this Agreement to become
effective, it must!be accepted by the Issuer within sixty(60)days of the date appearing below the signature of First
Southwest's authorized representative hereon. After the expiration of such.60-day period,'acceptance by:the Issuer
shttll only become effective upon delivery.of written acknowledgement and reaffirmation by First Southwest that the
terms and conditions set forth lwthis,Agreemnn,t,remain acceptable to,Fjrst.Southwest.,
GaverningLaw
9.: This Agreemtnt willbe,goveriled by and construed in accordance With the laws:of the State of Texas,withoutregard
to its pribeiples of conflicts of laws:
Acc jpjjnce will be indicated on both'copief andlhe return of one executed copy to First Southwest.
Respectfully submitted,_'
FIRST,SOUTHWEST ASSET IYIANA►GEM'ENT,INC.
E�JRM]TAIRY By iIill A,Feinberg,.Chairmnin C f ecutive Officer
, Date
ISSUER'S ACCEP-TANCE.CLAUSE
The above and foregoing is hereby inalI things accepted abd:approved by
on th►$the day of �
By F
APPROVED Authorized Representative
,,00�oc�/Q�
FO PA' N LEG iN. Title
t *8 10
-� Printed Name/054 8;0
AS 31, STANT IN A*VO' Y Atb IW by:
Page 3of6 aS
J. Ka r, i Secre>ary
4
APPENDIX A FEES
The'Obligations to be covered Initially under this contract include all`issues of tax-exempt obligations delivered subsequent to the
effective dates of the:rebate requirements,-under the:Code except asset forth:in Section 1 of the Agreement.
The::fee for any.Obligations under this contracts]fall only;be payable if a computation Is required under Section 148(f)(2)of'the,
Code.In the event that any of the Obligations fall within an exclusion to the computation requirement as defined by Section 148
of the Code or related regulations and no calculations were required by Furst Southwest to make that determination,no fee will be
charged for such issue, For example, certain obligations'are excluded from.the rebate computatiiowrequirement,if the proceeds
are spent within specific time periods..In the event a'particular issue of Obligations fulfills the exclusion requirements of the Code
or related regulRtions, the specified fee will be-waived by Fast Southwest if no calculations were required to make the
determination.
First Southwest's fee for arbitrage rebate services'is:based'upon a fixed annual fee per issue.The annual fee is charged based
upon the number of that proceeds.existsubject to.rebate from the delivery date of the issue to the computation date.
Fist.Southwest's fees—are-payable up6n delivery of the report. The fast report will be made.following one year from the date of
delivery'ofthe Obligations and on each computation dote'the,reafter during.the term of the Agreement. The fees for computations
of the Arbitrage Amount which encompass more,or Tess,than one.Computation Year shall be prorated to reflect the longer,or
shorter;period of work performed during'tliat period.
The fee foreach.of the Obligations included rn this:contract shall be based onthe table below.
Additionally,:due to significant:time saving efficiencies realized'+when,investment information is submitted'in an
electronic format, first Southwest passes the savings to its Gtlents.by:.offering a. I0% reduction in' its:fees if
Information is provided in a spreadsheet or electronic text file formal.''
Description Annual Fee
ANNUAL FEE PER OUTSTANDING DEBT OBLIGATION $1,400
COMPREHENSIVE ARBITRAGE COMPLIANCE SERVICES 1NCLVDE: .
Variable/Floating Rate Bond Issues
• Commingled Funds Analysis.&Calculations
• Parity Reserve Fund Allocations'
• Debt Service Fund Calculations(including earnings test when required)
• .—Transferred:—Proceeds Calculations
• Universal Cap;Calculations:
• : Yield Restriction Analysis&Calculations
(for yield restricted.Project Funds,Reserve Funds,Fscrow.Funds;etc) INCLUDE D
• ` Spending Exception Analysis&Calculations
• Preparation of all:Required IRS Paperwork for.Making a'"ate Payment/,Yield Reduction
Paymbnt
• Retention'of,'Records Provided;for Arbitrage'Computations
• iRS Audit.Assistance
•: Delivery.ofRebate Calculations Each.Year That Was the TWhg,Requ1tdments of the Audit
Schedule
• On-Site Meetings;as Appropriate,to Discuss Calculation Results,/Subsequent Planning Items
OTHER SERVICES AVAILABLE:
IRS Refund Request-Update calculation,prepare refund request package,and assist issuer as necessary $750
in responding to subsequent IRS Information,Requests°t,
Pago 4 of 6 752864
EXPLANATION OF TERMS:
a. Computation Year: A"Computation Year"represents a one year period fiom the delivery date of the issue to the date
that. is one calendar year after the delivery date, and each subsequent one-year period thereafter. Therefore, if a
calculation.is required that covers more than one"computation year," the annual fee is multiplied by the number of
computation.years contained in the calculation being.performed;If a calculation includes a portion of a computation
year,i.e.,if the calculation'hicludes 1 '/3 Computation years,then the base fee will be multiplied by 1.5.
b. Electronic Data Submission: The data should be provided electronically in MS Excel or ASCII text file(comma
delunited text preferred)with the date, description, dollar amount, and an activity code (if not in.debit and credit
format)on the same line in the file.
c. Variable/Floating Rate Bond Issues: Special services are also required to,perform the arbitrage rebate calculations
for variable rate bonds. A bond is a variable rate bond if the interest rate paid on the bond is dependent upon an
index which is subject to changes subsequent to the issuance of the bonds. The computational requirements of a
variable rate issue are more complex than those of a fixed rate issue and,accordingly;require significantly more time
to calculate. The additional complexity is primarily related to the computation of the bond yield, which roust be
calculated on a "bond year" basis. Additionally, the regulations provide certain flexibility in computing the bond
yield and detennining the arbitrage amount over the first IRS reporting period;consequently, increased calculations
are required to determine which bond yield calculation produces the lowest arbitrage amount.
d. Commingled Fund Allocations: By definition, a commingled fund is one that contains either proceeds of more
than one bond issue or proceeds of a bond issue and non-bond proceeds (i.e., revenues) of$25,000 or more. The
arbitrage regulations, while permitting the commingling of funds, require that the proceeds of the bond Issue(s)be
"carved out"for purposes of determining the arbitrage amount. Additionally, interest earnings must be allocated to
the portion of the commingled fund that represents proceeds of the issues) in question. Permitted "safe-harbor"
methods(that is,methods that are outlined in the arbitrage regulations and,accordingly,cannot be questioned by the
IRS under audit), exist for allocating expenditures and interest earnings to issues in a commingled fund. First
Southwest uses one of the applicable safe-harbor methods when doing these calculations.
e. Debt Service Reserve Funds: The authorizing,documents for many revenue bond Issues require that a separate
fund be established (the"Reserve Fund") into which either bond proceeds or revenues are deposited in an amount
equal to some designated level, such as average annual debt service on all parity bonds. This Reserve Fund is
established for the benefit of the bondholders as additional security for payment on the debt. In most cases, the
balance in the Reserve Fund remains stable throughout the life of the bond issue. Reserve.Funds, whether funded
with bond proceeds or revenues,must be included in all rebate calculations.
f. Debt Service Fund Calculations: Issuers are required under the regulations to analyze the invested balances in their
debt service funds annually to determine whether the fund depletes as required during:the year and is, therefore,
"bona fide"(Le.,potentially exempt.from rebate in that.year).It is not uncommon for surplus balances to develop in
the debt service fund that services an issuer's tax supported debt,particularly due to timing differences of when the
ftmds were due to be collected versus when the funds were actually collected. First Southwest.performs this formal
analysis of the debt service fund and,should it be determined that a surplus balance.exists in the fund during a given
year,allocates the surplus balance among the various issues serviced by the fund in a manner that is acceptable under
IRS review.
g. Earnings Test for Debt Service Funds: Certain types of bond issues require an additional level of analysis for the
debt service find, even if the fund depletes as required under the regulations and is"bona fide." For short-term,
fixed rate issues,private activity issues, and variable rate issues, the regulations require that an "earnings test" be
performed on a bona fide debt'service fund to determine If the interest earnings reached$100,000 during the year.In
cases where the earnings reach or exceed the $100,000 threshold, the entire fund (not just the surplus or residual
portion)is subject to rebate.
h. Transferred Proceeds Calculations: When a bond issue is refinanced(refunded)by another issue,special services
relating to"transferred proceeds"calculations may need to be performed.Under the regulations,when proceeds of a
refunding issue are used to retire principal of a prior issue, a pro-rata portion of the unspent proceeds of the prior
issue becomes subject to rebate and/or yield restriction as transferred proceeds of the refundng issue.The refunding
issue essentially"adopts" the unspent proceeds of the prior issue for purposes of the arbitrage calculations. These
Page 5 of 6 75286_3
r ,
calculationsi are required under the regulations to ensure that issuers continue to exercise due diligence to complete
the project(s)for which the prior bonds were issued.
I. Universal Cap: Current regulations provide an overall limitation on the amount of gross proceeds allocable to an
issue. Sbnply stated,the value of investments allocated to an issue cannot exceed the value of all outstanding bonds
of the issue. For example, this situation can occur if an issuer encounters significant construction delays or enters
into litigation with a contractor. It may take months or even years to resolve the problems and begin or resume
spending the bond proceeds;however,during this time the debt service payments are still being paid, including any
scheduled principal payments. Thus, it's possible for the value of the invesnments purchased with bond proceeds to
exceed the value of the bonds outstanding. In such cases,.a"de-allocation" of proceeds may be required to comply
with the limitation rules outluted in the regulations,
j. Yield Restriction Analysis/Yield Reduction Computations: The IRS strongly encourages issuers to spend the
proceeds of each bond issue as quickly as possible to achieve the governmental purpose for which the bonds were
issued. Certain types of proceeds can qualify for a "temporary period;" during which time the proceeds may be
invested at a yield higher than the yield on the bonds without jeopardizing the tax-exempt status of the issue. The
most common temporary period is the three-year temporary period for capital project proceeds.After the end of the
temporary period, the proceeds must be yield restricted or the issuer must remit the appropriate yield reduction
payment when due. First Southwest performs a comprehensive yield restriction analysis when appropriate for all
issues having_proceeds remaining at the end of the applicable temporary period and also calculates the amount of the
yield reduction payment due to the IRS.
752863
Page 6 of 6
M&C-Council Agenda Page l of 2
City of Fort Worth, Texas
`Mayor and :Councol Communication
COUNCIL ACTION: Approved on 7/23/2013
..�+Flv+Yn.*Jy.S .- . stMe,ai,.�Cfn. C.Y Yi1wu.4f' .aY.1 .. vnF+._'.e... Yse: 1v'..'•i•:'tip
DATE:. Tuesday,July.23,2013 REFEhENCE''NO.: *'C 46350
LOG NAME:-1313 FA CONTF2AGT
SUBJECT'
Authorize Necessary and Related Agreements with First Southwest Company,,First Southwest Asset
Management,Inc.;and Estrada Hinojosa&Company; lnc.,for the Provision of Financial Advisory,
Arbitrage Rebate and Continuing Disclosure Services(ALL COUNCIL`DISTRICTS)
RECOMMENDATION: "
It is recommended that the Clty Council:
1. Authorize the execution of necessary and related Agreements with First Southwest Company, First
Southwest AssefManagement, Inc.,and Estrada Hinojosa&Company:, Inc.,for the provision of financial
advisory,arbitrage rebate and continuing disclosure services;;and
2. Authorize a:commencement'dafe ofAugusti; 2013 and expiration date of July 31, 2014 with two one-
year renewal options'fer each Agreement.
DISCUSSION:
First Southwest Company and Estrada Hinojosa&Company, Inc. (Estrada Hinojosa), have satisfactorily
served as.the City's co-flnancial advisors for.over a decade: During.this same period, First Southwest.
Asset Management, Inc.;and First Southwest Company's-FSC'Disclosure Services:Division have
provided arbitrage rebate compliance services and continuing disclosure services to the City.::.
Staff is recommending that the City continue these relationships with First Southwest Company serving as
lead .financial advisor and EstradaAinojosa, a minority-owned firm, acting as co-financial advisor.
Approval of the Agreements will ensure continuity as the City enters its traditional debt-issuance season.
The fee structure for financial advisory services will be a base fee in the amountof$36-,000.00 plus$0.75
per$1,000.00 denomination for each series of bond issues. As in the current contract,the fee will be split
65135 between the two firms, respectively.,
First Southwest Company..the lead financial advisor,and Estrada Hinojosa, a certified minority-owned firm
and the co-financial advisor, are in compliance with the City's,BDE Ordinance by committing to the work
fees on bond transactions.being split 65/35 between the two firms respectively on this'.project.
Typically,no charges;for financial advisory services related to bond transactions are incurred unless
bonds are actually sold: The Agreements will also provlde'for the financial advisors to provide,special
financial consulting work notdirectly reliited`to a bond sale with compensation paid based,on an hourly
rate ranging from the amount of$75.00 for work performed by administrative assistants to the amount of
$250.00 per hour for work performed by managing directors, executive vice presidents or senior vice
presidents.:An individual engagement letter will be executed for each special project compensated on an
hourly basis..;:
Arbitrage rebate compliance services will be provided b y First Southwest Asset Management, Inc.;and
FSC Disclosure Services,'a Division of First Southwest Company,will provide continuing disclosure
services. Disclosure services will be compensated at,a rate.of$2,500.00 per year for assistance in.
http;//apps cfwnet org/ecounci i print ne asp.?Id 18.709&print=trUO&DocType=Mht 1/3012014
M&C-Council Agenda Page 2 of 2
preparation and distribution of each annual report and the amount of$3,500.00`per year for distribution of
audited financial statements. Arbitrage rebate.compliance services will be compensated at a rate of
$1,400.00;per computation,year.. Additional fees would apply for specialized arbitrage-related services, if
needed, in connection with an IRS refund request of commercial paper calulations. The costs for those
services are reflected in the fee schedule;which is attached:
FISCAL INFORMATION/CERTIFICATION:
The Financial Management Services Director certifies that funds required to pay:financial advisory fees
will be available from proceeds of bond sales,appropriate debt'service funds,.and/orappropriate
operating funds;
FUND CENTERS:
TO Fund/Account/Centers FROM Fund/AccounVCenters
PE47 °554010 0132000 $0.00
'0006 554010 0132000 $0.00
CERTIFICATIONS:
Submitted for City Managees Office by SUsen f lan s (8180)
Oriainatina Deaariment Head: Jay Chapa (8517)
Additional Information Contact: Lisa Parks (6630)
ATTACHMENTS
1. CFW 2013 Fee Schedule.odf (Public)'
.2. example.pdf (CFW Internal)
http://apps,cfwneLorg/ecounclUprintme.asp?id 1:$709&pt7nt—true&Doc ype=Print 1/30/201'4
nnson
r Bill Johnson
it Wednesday,April 16,.20141:53 PM
o: 'McKinley, Brenda U
Cc: Gavin, Darian; Kenney,.Pamela;Colin Colac&Ly Pham
Subject: RE: First Southwest Asset Management Renewal Documents City of Fort Worth July
2015
Attachments: CERT_City of_Fort_Worth_183007.pdf;City of Fort Worth Annual Renewal
Agreement.pdf
Ms.McKinley,
Attached Is a signed extension form and a copy of our insurance certificate.
Please feel free to let me know if you need any additional information.
Bill Johnson
Senior Vice.President
FiistSouthwest.
direct 214.953.8817 fax 214.840:5040
325 North St.Paul.$treet,Suite$00 Dail as TX 75101:1.&52
From: McKinley, Brenda L. rmallto:Brenda.MeKinloyQfortworthtgxas.gQv]
Sent:Tuesday,April 15, 2014 1:27 PM
To: BIII Johnson
Cc: Gavin, Darian;Kenney, Pamela
Subject: First Southwest'Asset Management Renewal Documents City of Fort Worth July 2015
Attached please find the renewal documents for your agreement with the City of Fort
Worth. If you wish to renew your contract, please sign the attached renewal letter and
return it to my attention via fax or e-mail at your earliest convenience.
Please return wour ned,renevJal letter along with a`copy'of your current ih`surahtb certificate'
Please.make any chahges on this document inciudlhcl'ha'r6''e addr..ess;.email address and/or
phone'number:.'In dlition you::may 1a4 on nlino at
http://fortworthtexas.gov/purcha- nq and upd eateat your company`lnformatioh`'Immediately.
If you have.any questions., please feel free to contact me,
Thank you for your prompt attention to this matter.
Please e-mail response to Pamela.kenneuCa@fortworthtexas.gov
Phone: 817-392-8381
Fax 817-392-8440
i