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HomeMy Public PortalAboutResolution No. 408-13 02-05-2013February 5, 2013 2D-2 RESOLUTION NO. 408-13 TERMINATING AGREEMENT WITH SOUTHWEST SECURITIES, INC AS FINANCIAL ADVISOR TO CITY OF RICHLAND HILLS, TEXAS WHEREAS, the City Council of the City of Richland Hills appointed Southwest Securities, Inc as the City's financial advisory firm by action of the City Council on February 13, 1996; and, WHEREAS, the City Council of the City of Richland Hills desires to terminate the City's relationship with Southwest Securities and select another firm to serve as the City's financial advisor. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RICHLAND HILLS THAT: Section 1. Southwest Securities, Inc., has been notified of the City Council's intent to seek another firm to provide financial advisory services. Section 2. The City Council of the City of Richland Hills hereby terminates its financial services agreement with Southwest Securities, Inc. PASSED AND APPROVED THIS THE 5T" DAY OF FEBRUARY, 2013. APPROVED: ill Agan, Mayo AT EST: nn ` ~oJ Linda Cantu, City Secretary ~~~unnuuu~, o ~- ~- r*! " F- ~, x _ .V ~ '4 - 1