Book 63 - City of Oxford

1DEMENT-MERI DIAN 61-0226Beautification of Faulkner's AlleyIR ason for" choosing this project:• Broken Windows Theory: Simply put, the theory is based on data that suggestswhen an area IS perceived to be well taken care of, people tend to take better careof ([,at area.Faulkner"" Alley is often used as a haven for vandalism. We would like to make itiess of 0 91"im\ hallway and more of an item on people's "to-do list" when visitingCJ)~ford .A t Being Displayed:• Photo from Cofield Collection and descriptive plaquec Side of stairwellcNeither being more than 12"x12"• Doors of OxfordooccArtist is working on switching some doors out for more Faulkner/Squarerelated ones20"x30"On bead board area under stairwell and left of first columnOne small plaque (business card sized) will be just beneath the work oraffixed to the frame, referencing artist and workI• Stained Glassco5 different floral pieces each 20x30Each from a different Faulkner novelEvenly spaced between the first two columns on the east wall, but staggeredwith two high and three lowOne small plaque (business card sized) will be just beneath the work oraffixed to it, referencing artist, flower, and corresponding Faulkner novelN tes:• Great care is being taken to make maintenance easy and theft improbable• All fixtur"es will be done where should they need to come down, traces can beremoved and it would be as if nothing was ever there• We would like to time the unveiling in conjunction with some of the Faulknerfestivities of this summerI

2I ,MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-226GANESH INC. TAXABATEMENT REQUEST:It was moved by Alderman flowell. sec(,,,ded byAlderman Williams to grant the tax abatement toGanesh, Inc. for the two parcels "here the hotel sitson Ed Perry Blvd. All the aldermen present votingaye. Mayor Patterson declared the llloti(lll carried.III

3Carter. HiltMINUTE~~~~~~:'&l+~ OF OXFORDDEMENT-MERIDIAN 61-0226Telephone (662) 232-8848 :Facsimile: (662) 232-8842 IMayll,2012Via Halld DelivervI!\ls Li:::;LG Car\\-yiceil\ C!crt; - Oxtllrd. h1i~sissippi] (i~ (,'oui·lihHlS.:' Squar.:i,).\r'~lr .. t '\ll::lsi:)sipPl 386~5I'; (: Cianesh InvesTments LLC - Tax A batemenl per MS Code ~ 7 -31-1 (11",,5 you are aware, I represem Ganesh Investments, LLC in regard to a tax abatemem forrhe I-IamplOn Inn Conference Center. Please accept this as our request to be placed on the agendaror the Board of Alderman meeting on Tuesday, May 15" h at 6:00p.m.Pre,·ioush. the Citv of Oxford committed to a minimum of five vears in regard to the.; - . ~' .....reelllested abarement. I have attached a copy of the minutes. See Exhibit "C". Due to the timingof lite re'luesl. the exact term and amollnt was to be determined following completion. Hopefullylhis determination will be made at the next meeting of the Board. I have attached the applicationfor ad \alorem tax exemption and the supporting documents for property to be exempted. Thisincludes lhe land acquisition costs and project costs associated with building the hotel.I\IS Code 2 7 -31-101 allows for a request for exemption to be made in writing by Jill1e 1of the \ear lmmedimely tollowing the date of completion of the new enterprise. (See Exhibit··X·). The hOle! at issue was completed in 2011. Ganesh is taxed on three separate parcels ofIan,]. The hotel itself sits on parcels 2.12 and 2.02. Parcel 2.03 has no improvements on it at thisllllle. (See ["hibit --B--). I just wani to be absolutely certain than there is no dispute as it relatesi,) lbe deaellinc for making sure the request is made (The June 1 deadline).rhe project meets the minimum requirements set forth under MS Code 27-31-101 (See[;;hibil "D--) Also attached is correspondence between Mr. Walsh and Kathy Gelston of thel\ltssissippi Deye!oprnent Authority. (See Exhibit "E"). Ms. Gelston acknowledges that theprUlect meets the minimum requirements but states specifically that the county/city makes theJerermination of wherber to grant the exemption. Ms. Gelston goes on to state that the MDAdn~s l'h11 play Clny role: on granting or not granting the exel11plion.llilimarely. the time to request the exemption is now at hand. The project meets thell1111imum requirement of the code and was previously granted by the City of Oxford. We lookfom ard to appearing before you on Tuesday to finalize this process and will be happy to answeram questions and,or pflwrde any additional information.I

4~---MINUTE BOOK No. 63, CITY OF OXFORDSincerely,~ CvJ~-/Carter C Hitt11DEMENT-MERIDIAN 61-226:cc. Pope S ''vlallette, Esq.Attachments - Ex. r\, B, C D & EIII

2'-31-1 [) 1. Enumeration of new enterprises which may be exempted.Page 1 of:25MINUTE BOOK No.As Amended27-31-101. Enumeration ofncw enterprises which may be exempted.II'-II"""' .. · boards of supervisors and municipal authorities are hereby authorized and empowered, in their"'"nH~, L gran: e~~emptions from ad valorerTl taxation, except state ad valorerr~ taxation. ProyideC,. S(lic £o\'elnin£ authorities shall not exempt ad valorem taxes for school district purposes Oil])l~lDe;1,· usee i;. or necessary to, the oper~tion of the manufacturers and other new enterprisesC1U~"·".· ~Dul~l~:cat~G 'b~\' classes except to the extent authorized ir:.. Sections 27 -31-104 and '27 -:3 1- 10:;;. no:" s>l.:;.il tl'l':;~ e~~e::lp~ fron: ad valo;em taxes the products thereof or automobiles and trucks'i..c~_;in.:; L tb~ -saij in~:nufa::;turers or other new ent;rprises operating OE and over the high'Vvays of the~)=' l' lisslSsippi. --::ne lirH;; of such exemption shall be for 2.. period not to exceed a total of ten (10)whicL SluE begirl on the date of completion of the new enterprise ror which the exemption is~i ".ULc:.--i:; lEJ\\'tVt;l": boards of supervisors and municipal authorities, in lieu of granting the exemption for. "I! pe,iod of ten (10) years, may grant the exemption in a period ofless than ten (10) years. ""hen. iniual exemption period g;-anted is less than ten (10) years, the boards of supervisors and municipalll10rities may gram a subsequent consecutive period or periods to follow the initial period ofemplio!l, provided that the total of all periods of exemption shall not exceed ten (10) years. The date, ~OmpktlDn of the new enterprise, from which the initial period of exemption shall begin, shall be theOE which operations ofihe new enterprise begin. Any request for an exemption must be made in. 11">' -'nne 1 of the vear immediately following the vear in which the date of completion of a newboard of supervisors and/or municipal governing authorities which has entered into an agreementan enterprise to g;-ant an exemption for a period of not more than ten (10) years, as this section

6 :c -: -31-101. Enumeration of new enterprises which may be exempted. Page 2 of2MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61 ·226·---exemptlITlTun-rts IIllnules, reliecfiIIg the grantIng 01 me consecutIve exemptIcm-pt::nocl aI'ttt n-fi:~-o::ltes uponwhich such consecutive exemption period begins and expires. The entry ofthis order gr~'niing tbeconsecutive period of exemption shall be made before the expiration ofthe exempli(1!1 p~liodimmediately preceding the consecutive exemption period being granted.The neW enterprises which may be exempt are enumerated as and limited to the fo1k , \1'illg, asdetermined by the State Tax Commission:\\~ arehouse and/or distribution centers;\lanufacmring, processors and refineries;IResearclc faciiiTies:Corporate regional and national headquarters meeting minimum criteria established b,' the Deparlmemof Economic and Community Development;h10vie industry studios meeting minimum criteria established by the Department ofEcon(lIn;c andCommunity Development;Ai:' transportation and maintenance facilities meeting minimum criteria established b\ the Depamrnern ofEconomic and Community Development;Recreational facilities that impact tourism meeting minimum criteria established iF the' Departm~Economic and Community Development; andTelecommunications enterprises meeting minimum criteria established bv the Department of Eco .omicand Community Development. The term "teleconununications enterprises" means entities engag ~ in theIcreation, display, management, storage, processing, transmission or distribution for compensatior· ofimages, teXT, voice, 'video or data by wire or by wireless means, or entities engaged in the co.nstruttion.,design, development, manufacture, maintenance or distribution for compensation of dev·ices. pw ucts,software or structures used in the above activities. Companies organized to de> business as camm rcialbroadcast radio stations, television stations or neWS organizations primarily serving in·state mark~tsshall not be included within the definition of the term "telecommunications enterprises."SOURCES: Codes, 1930, Sec. 3109; 1942, Sec. 9703; Laws, 1922, ch. 139: 1928. chs. I Cl. 100: \ 928,Ex. ch. 57; 1930, ch. 67; 1932, ch. 293; 1936, ch. 159; 1936, 2nd Ex. ch. 17;. ! 938, Ee:. ch. 76;.Iser·.19. f2' ch.132: 1944, ch. 135; 1946, chs. 208, 448; 1948, eh. 439; 1950, ch. 528; 1952, chs. 42(1 (Sec. 1). 42f';1.954,. chs. 363, 382; 1956, chs. 202 (Secs. 1,2),203 (Sees. 1,2); 1958, chs. 5.6.6 (Sec: 1) .. 5.(,7 s. I.'2); 1960, ~h. 467; 1961,2ndEx. ch. 7, Sec. 1; 1962, ch. 269, Sec. I: 1963, IstEx Sese. ch. 35, S~c. 1:1964. ch. )20, Sec. 1; 1968, ch. 583, Sec. 1; 1970, ch. 545, Sec. 1; 1972. ch .. 195, Sec. 1: 1978. d. 514,Sec. 4; 1981, ch. 523, Sec. 1; 1986, ch. 407, Sec. 1; 1987, ch. 411, Sec. 1: 1989, eh. 524, Sec. IS: 1990,ch. 502, Sec. 3; 1990 Ex Sess, ch. 71 Sec. I; 1992, ch. 518, Sec. 2; 1994, eh. 57 1, Sec. ]: 1 0 94, ch. 558,Sec. 18; 1995, ch. 355, Sec. I, efffrom and after passage (approved March 14, 1 0 9"): 10 9", eh. 527,Sec. I, eff from and after passage (approved April 5, 1995). Amended bv' Laws 20(lO, Cll ..';91, Sec. I,SB2772, eff. July 1,2000.PRKnous VERSIONS: Pre-2000f't of:wW==coCh~ter Index I Table of ContentsI

Delta Conlputer SYSIC111SPage 1 of 17I 61·0226IIOW',,1:RCopyright 2000Property LinkLAFAYETTE COUNTY, MSPROPERTY DETAILG'_NESH rNVESTMENTS LLC1 i(i HiORlTi',GE DROXFORD MS 38655P _'~RC£L 135.1-22-002.12_"_DDRE~S ED PERRYYEAR 2011COUi,TYCITYSCHOOLTOL"LEXEMPT CODEHOMESTEAD CODE NoneT _-LX DIS TRI CT 211 0PPIl'iSECTlONTOWNSHIPRANGEBookTAX INFORM.e\ TIONTAX DUE PAID874_76874_760_000,000_000_00874_76874,76LASTPAYlVIENTDATE 1212212011031270220803Page 2010Tax Year 2011Reoords Lase Updated 4110/2012ACRES: **NA **LAND VALUE: 210000IMPROVE/dENTS; **no_ **TOTAL VALUE: 210000ASSESSED: 31500BALANCE0,000_000,000,00MISCELLANEOUS INFORMATIONLEGAL LOT 19 OXFORD COMMONS PUD PH 1TRACT C PiillT 2BK PG 20100216903129/2010TAX SALESSold ToRedeemed DatelBy**NO TAX SALES FOUND**\\\\w_deltacomputersysrems,com/cgi·l=5/LRMCGI02?HTMCNTY=MS3I

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Ddtii Compute," SystemsPage I ot I9!~: I I ·0226IICopyright :?QOQProperty LinkLAFA'i'ETTE COUNTY, MSCuncnt Date 4/1112012Tax Year 2011Records Last Updated -1/10/2012PROPERTY DETAILo\YNER GANESH INVESTMENTS LLC110 HERlTAGE DRACRES: **NA"LAND VALUE: 80000IMPROVEMENTS: **NA*"OXl'ORD MS 38655TOTAL VALUE: 80000ASSESSED: 12000PARCEL 135R-22-002.03.:..~DDRESS **NA**TAX INFORMATIONYEAR 2011COUNTYCITYSCHOOLTAX DUE333.240.000.00PAID333.240.000.00BALANCE0.000.000.00TOTAL333.24 333.240.00LAST PAYMENT DATE 12/22/2011MISCELLANEOUS INFORMATIONEXEMPT CODELEGAL PT NII2 NWI/4 SEI/4HOMESTEAD CODE NoneBK PG 20100216803129/20 I 0T AX DISTRICT 2110PPINSECTIONTOWNSHIPKlliGEBook032314220803Page 2010TAX SALESPURCHASE COUNTY TAX SALE FILESSold ToRedeemed DateIBv**NO T.tl.x SALES FOUND'*View Appraisal Recordlli'\l.t;: I ;:~.; :'1-_.eB~lE.EliTY I APPRA.lSM~ I QRQllT CIVIL I Ql;LCUIT CRIMllit\L I 12EfDS AND RECORDS I .cHANCERY CQUE..T I !iD-20&Qhl!J::l.PTES I TERMSOFUSE I PRIVACY POLICY I CONTACT US I !fELPv:wiY.deltacompulersyslems.com/cgi-lrm5/LRMCGI02?HTMCNTY=MS36&HTM... 4 1 ]]:20]2I

10City of OxfordPa"e 1 of 1COFyright 201:2Property LinkCITY OF OXFORD, MSCurrent Date 5/11/2012Ta-,, __ ycu 2011Records L(!st Upd2.ted ;,il0:1011PROPERTY DETAILOWNER GANESH INVESTMENTS LLe! III HERITAGE DRACRES: *___ j\l/,'hLAND \·A~_UE: :2\I!()!.lnIO;~FORD hIS 38655PARCEL 135.1-22-002.12ADDRESS ED PERRYYEAR 2011COUKTYCITY,

City of OxfordPage 1 of 111ICurrem Date 5/11/20nOWNERP:1.RCELADDRESSYEAR2011COUNTYCITYSCHOOLTOTALCopyright 2012Property LinkCITY OF OXFORD, MSPROPERTY DETAILG."NESH INVESTMENTS LLCI III HERITAGE DRO:,{FORD l\lS 38655135R-22-002.02HNA"'*EXEMPT CODEHOMESTE.-\D CODE NoneTAX DISTRICT 2110PPIN 031266SECTION 22TOWNSHIP 08R-I.NGE 03IAXINEQBJ\IA TloNTAX DUE PAID0.00 0.0085838 858.381716.12 1716.122574.50 2574.50LAST PAYMENT DATE 12/22/2011MISCELLANEOUS INFORMATIONTax Year 2011Records Las[ Updared 5/10/2012ACRES: *"'NA **LAND VALUE: 210000IMPROVEMENTS: **NAnTOTAL VALUE: 210000ASSESSED: 31500BALANCE0.000.000.000.00LEGAL LOT 24 OXFORD COMMONS PUD PH ITMCT C PART 2BK PG 20100217003/29/2010Book Page 2010I\\'\1\\ .dcltacomputersystems.corrJcgi-lrrnS/LRMCGI02?HTMCNTY=MC04&HTM... 5111/2012 II

12City of OxfordPage 1 of 1Copyright 20 12Property LinkCITY OF OXFORD, MSCurrent Date 5/1112012Records La::t l'paatecl5i10 .... 2012PROPERTY DETAILOWNER GANESH INVESTMENTS LLCACRES : *~:N:

"iLafayette County, MississiPPi3MINUTE BOOK No. 63, CITY OF OXFORDI--if---,--, --.'' -,-"""'-,I - - ~ -II,j- -III:Wednesday, April 11,2012 12:PI'I

14MINUTE BOOK No. 63, CITY OF OXFORDDEMENT·MERIDIAN 61·226UNITED STATES OF A/vlERICASTATE OF l\!ISSISSIPPICOUNTY OF LAFAYETTECITY OF OXFORDIREGULAR ~IEETINGJuly 6, 20106:00 p.IIl.Cl..LL TO ORDER:The meeting ofthe Mayor atld Board of AldenJ1Ptloftile City of Oxford, Mississippi, was called toorder by Mayor Patterson at 6:00 p.m. Oll Tuesdil\,July 6, 2010, in the court room of City Hall whetland where the following were present:George G. Patterson- MayorNey Williams- Alderman Ward 1E.O. Oliver- Alderman Ward IIJanice Antonow- Alderman Ward lITUlyssess Howell- Alderman Ward IVPreston Taylor- Alderman Ward VBrad Mayo - Alderman Ward VIMayo Mallette PLLC - OfCounse!Bart Robinson- Director of Public WorksLisa Carwyle - City qlerkTim Akers- Director of PlanningRandy Russell- Dir of SanitationLynn Robbins- Supt. Of Electric DeptMike Martin- Chief Oxford Police DeptMike Hill- Chief of Fire DepartmentBilly Lamb- Supt of Building & GroundsJimmy Allgood- Emergency Mang. CoordinatorAI Hope- Director of Human ResourcesBubba Robinson- Ass\ Dir of Parks and P.ecMary Kathryn Millner- Tourism DirectorIAGENDA:,,It was moved by Ald9rman Howell, seconded byAlderman Mayo to aclopt the agenda for tilemeeting. All tile aldehnen present voting ave,I - .Mayor Patterson decl~red tile motion carried.l\IA YOR'S REPORT:I \Ya!ll to welcome everyone back from a long and good holiday break.We first want to thank Kate Rosson and our own Megan Prescott, as well asthe entire July 4th Committee, for their hard work on all of the even!s thattook place over the weekend. It is indeed a community wide event and goingforward we will need community wide support.Kudos to our local law enforcement agencies for their fast response :melteamwork last Thursday on handling a bank robbery. Iv!y first call was (hatlhe bank had been robbed and my second call from the Chief, about (enminutes later, I was told to relax and stay put, they had caught the guy.I

215MINUTE BOOK No. 63, CITY OF OXFORDDEMENT·MERIDIAN 61-0226Ilr YUll hCllc:n't noticed, Bob and Chris have a new website up for the City. Itle'l)!;s "reeil d!ld is very much appreciated.We sl,~ncelll1e budget meeting process for the City this afternoon and as youknell\" ihis is a stressful time for everyone involved, especially in the currentc,:eilh)l11iC dimatc. I have two commitments on the table. One, is if you are aLilY "f (lxfurd employee your job is secure. And two, we just aren't going toIdisc 'lilY laxeS, especially this year. So those are two major goals that we arepLuming lel dccomplish.IILllNLI nos:.l..CCClUNTS:10.0...\ \'\l'01PT10N[,Ct!lltSl:I .-'. \1' I,NFtHZCEtdENT.l..:,:)UelA j luN:FLllllznl UF JULY:It was moved by Alderman Antonow, seconded byAlderman Taylor to adopt the minutes of the regularmeeting on June 15,2010 and the special meetingon June 15,2010. All the aldermen present-votingaye, Mayor Patterson declared the motion carried.It was moved by Alderman Oliver, seconded byAlderman Mayo to approve the payment of allaccounts for the City. All the aldermen presentvoting aye, Mayor Patterson declared the motioncarried.Brad Walsh, representing Ganesh Investments,came before the Mayor and Board of Aldermen torequest a tax exemption for the proposed hotelbeside the Oxford Conference Center.It was moved by Alderman Williams, seconded byAlderman Mayo to adopt a resolution of SUppOlt forthe Hotel at the Oxford Conference Center. Theboard commits to thilty thousand dollars for roadand sidewalk improvements on public propertyadjacent to the proposed hotel. The board supportsan abatement of taxes for at least a minimum of lIveyears, the exact term and amount will be determinedat completion of the hotel near the OxfordConference Center. All the aldermen present votingaye, Mayor Patterson declared the motion carried.It was moved by Alderman Taylor, seconded byAlderman Mayo to authorize $550.00 from theCommunity Promotions budget for the LafayetteCounty Law Enforcement Officers Association'sYouth Fishing Rodeo at Lake Patsy. All thealdermen present voting aye, Mayor Pattersondeclared the motion carried.Kate Rosson came before the Mayor and Board ofAldermen to request funds for the 2010 and 2011Fourth of July celebrations ti'om the LOU BridgeBuilders Committee.It was moved by Aldennan Antonow, seconded byAlderman Williams to authorize $1500.00 for the2010 FOUlth of July celebration. The request for the

16Zimbra1--RE: Ganesh Investments LLCFrom: Ka:hv Geiston Subj e~ : R::: Ganesh Investments lLCTo: Brad V'iaish Cc: Chan Patel , Daniel Barfield IThiS :ette' ~rovides enough to show tna': ycu meet the minimum criteria, Again, we do not certify fc~ tne OL:,lt\. \\''"! 811\· C"it:i ~:c ,.:~-~incentives. The reques:should go to the county, not MDA.Tr.anks,From: Brad Walsh [mailto:bwalsh@thewalshlawfirm,com]Sent: Friday, April 16, 2010 11:29 AMTo: Kathy GelstonCc: Chan Patel; Daniel BarfieldSubject: Re: Ganesh Investments lLC~~~ ~.I am attaching a letter intended to meet our requirement for the statement to be provided to the HD,;. I would appre:::iete en, comm: n~sprior to giving you a fmal.Thanks agam for your help.Brad Walsh----- Original Hessage -----From: "Ka~h,;.' Gelston" To: "Brad 'v\'alsh" Sent: Tuesday, Haren 23, 2010 2:08:27 PHSubject: RE: Ganesh Investments LLCIActually., the county makes the determination, based on this minimum criteria. MDA does not pia,' an,' role. You tr"'at t:1!~ ,i'js~ lik" illl.' ':'t'l-2-industrial exemption, and report it to the Tax Commission the same way.-------.. _-------_._--_ .• _-_._.. .. ..... .From: Brad \Vaish [mailto:bwalsh@thewalshlawfirm.comJSent: Tuesday, t-~arch 23, 2010 12:34 PHTo: Kathy GelstonSubject: Re: Ganesh Investments LLCThanks Ka~hy, can you provide a model statement that has been presented in the past? Do vv'e send it t:l you? Is there a.'1VOlle \','e ne~o ...to cOordmate with at the MSTC or will your office handle that?... -From: Kathy Gelston·1IITo: Brad \Valsh ,Cc=~~1 I·Sent: Tue !'-1ar 2310:58:122010SUbject: RE: Ganesh Icvestments LLC~'E.*FHBIT,Me. Wal,h, ~~. I1:1 TIpS :/;pO rtEl. disco verefficiency. comlzimbra/hfprinunes sage ?id~2:; 7 02I

Zin1b;:a Page 2 of 317Recreat!onal_ Facilities thatImpa~ Tourismi gL/-jl-1UlDEMENT·MERIOIAN 61·0226rac,lIIues that provlae entertainment, am~seme~l, cultural, or scenic a,c(lvltles Iand promote or encourage out-oF-state VIsitors for pleasure or education.To qualify, the business must rlave an initial capital investment of ;;100,000,create 10 jobs, and provide the Mississippi Development Authority a s~ateme,Hthat shows the impact that the facility will have on the community. To becertified by the Mississippi Development AuthOrity, the company must submli: arequest that provides a detaiied explanation of the activities that will beconducted at the facility and shows that all m:nimum reqUiremer,t5 will De met.IPI=",~e I,,: r.~" n,(J".' ,; 'lOLl nave aaditlonal questionsAt tne discretion of the County Board or Supervisors and/or Huni.:ipalAuthorities, an exemption of nat more tnan ten yea1"5 may be £ramea f~or.. a,jvalorer:l taxes, except for taxes for school district purposes,"" """""--"-"-----------"-----"------- ----------"-"---""Fran-:: Bra':: \,""'61,,[-. [mailto:b,valsh@thewalshlawfirm.com]Sent: TU25dal', I'lardi 23, 2010 10:24 AMTo: Katr,y Gels\.QnCc: Cnan PatelSubject.: Ganesh Investments LLCKathy,I represem Gan-::5h Investments, LLC. We had asked the city of Dxford for abatement of certain properry taxes for a proposedoc·,.:e:opmer,t. ;.5 the City currently has no defined development district, it was suggested we make our request pursuant to r'1Iss. Code:.hmo. SEalon 27-31-101 pursuant to the recreational facility subsection. In order to do that, it is my understanding we need aae:krmina[lon tram tne HDA that the proposed facility will impact tourism at some level established by the authority.Tne enclosed lette, to the: fvlayor outlines the proposed facility. The city is anxious to help as they see a hotel adjacent (Q the alreadyco,lstruaed conf~rt2nce center as an amenity that would aid the conference center bring in more business. Obviously such gains wouidnelp tJL;II:>m as Vi21:.Can you pldse adVise what steps we need to take to get clearance from the MDA and who we should talk to with the tax commissio,; tog~t I[LiS G0r,2? ! would appreciate any assistance. Hy client is anxious to get going on the development.IBraj \/.'olsh05::':.281,5790103,.:::. :ourtnou;:;e Squareu>:rorc, HS 38655'.t:L'.Yl.'.'...t~Lai5~ID..mm~jGte.: Thi:; e-mail and any attachments may be confidential and protected by legal privilege. If you are not the intended reCipient: bed',',are that 2lny disclosure, copying, distribution or use of the e-mail and any attachments is prohibited. If you have received this emaii i r,erro;-, please: I1cuty 1..15 immediately by replying to the sender and deleting this copy and the reply from your system.UnJer reqLme.mt2nG imposed by tne IRS, we inform you that, if any advice concerning one or more U.S. Federal Tax issues is containedin tnis con,munication .. such advice was not intended or written to be used and cannot be used for the purpose of (1) avoiding penaltiesun02, tne Internal Revenue Code or (2) promoting, marketing or recommending to another party any transactions or tax-related matteradare:ssed herE:in. Thank you for your cooperation. .Confidentlallll' r~ote: The tvlississippi Development Authority (MDA) is committed to ensuring complete confidentiality of informatic'n Torcur cL;slomers. To tnls end. tne information contained in this e-mail and/or document(s) attached is for the exclusive use by tne indlvldua:r.arneJ abo','i:: andler their organization and may contain confidential. privileged and non-disclosabJe information. If you are not tneIn~2naed rc~lplent. please refrain from reading. photocopying. distributing or otnelWise using this e-mail or its contents in any 1sa/. If youha'i= recel'/ed thiS lransmission in error, please notify me immediately. {MDA-2009}hlLjJS:,. PQnal"discovereifrciency"com!zimbraJh!prjntmessage?jd~257025/-+.':2010I

18ZinlbraMINUTE BOOK No. 63, CITY OF OXFORDBrad Walsh652.281.5790.!.C3A Courtnouse SquareOxford, HS 38655\':\'1\','. tne\vaishia\lIfirm ,comP2gc :3 of 3DEMENT-MERIDIAN 61-226Ir,Jots' This e-mail and any attachments may be confidential and protected by legal privilege. If yOl' a,e na: tne i;,tendej r'2::-~!:.;e'l~2v,are that any disclosure, ccpying, distribution 0, use of the e-mail and any attachments is proh:bitec:. F ',en: 1,2--,''0' re:::e!\'e-J ~>'3errc,~, Dlease notify us immediately by replying to the sende: and deleting this copy and tne reDI';' fro", \'O'c:~ 'O\'STell"Under requirements imposed by the IRS, we inform you that, if any advice concerning one O~ mote L',S. Fed",,-al Ta;: iSSIJ2S i5 '::c",::;o;:ne11"1 tr.is c8mmunIC2rior" such adv:ce was not intended or written to be used and cannot be used foe the DlJrC'C'::;S c: '),', ;;;', ~Y::lrl~ C'S:',2'[':!·uncer the Internal Revenue Code or (2) promoting, marketing or recommending to anothel- parr: arw :r2n5~:::iJr'l:::- (': t3'. I

c:7\'"'"MinilUulU Criteria Definitions01' Informatioll l'roccssiHgterprises·~tc and Regional§27-31-101§27-31-101Business enterprises engaged ill account servicing, data ClltJy, payment processing, customer service,infonnation processing, or other business related functions where the facilities are not open to thepublic.To qualify, a data or infonnation processing enterprise must create 10 or more jobs in the taxable year ina Tier Three County, 15 or more jobs in the taxable year in a Tier Two County, or 20 or more jobs in thetaxable year in a Tier One County.At the discretion of the County Board of Supervisors and/or Municipal Authorities, an exemption of nolmore than ten years may be granted from ad valorem taxes, except for taxes for school district purposes.Business enterprises with multi-state activities must provide to the Mississippi Development Authority aletter of intent that outlines capital investment, job creation, payroll, and a project schedule related to thecreation of a national or regional headquarters. Centralized activities such as fmancial, legal, tedUlical,and personnel functions must be perfonned at the facilities. The function and purpose of theheadquarters must be to plan, direct, and control all aspects of the organization's operations, either as awhole, or for a subdivided area of the United States.To qualify, the company must establish or transfer a national or regional office in the state that creates aminimum of 35 new full-time jobs. TIlese jobs must include officers and other high level employees,along with the support staff normally associated with a headquarters. The support staff's duties must bein direct relationship to the functions of the office and not based 011 physical presence. Positions sllch asjanitors, salesmen, and truck drivers do not qualify as headquarters positions. The Mississippi State TaxCommission will have final authority regarding whether a position will qualify when detenniningwhether the minimum number of jobs are created. To be certified by the Mississippi DevelopmcntAuthority, the company must submit a request that provides a detailed explanation ofthe activities thatwill be conducted at the facility and shows that allminimulll requirements will be met. The rcqucstmllst contain a listing oreach job to be created, along with thc dutics ussociated with the job.At the discretion of the County Board of Supervisors uud/or I'vfunicipal Authorities,

---1\10 vi (.§27- -il-J(jJHusillC;;,; cnUIlc;;-: cllt'.af,~d ill prcJyiclilli'. IllotioJl picture illld vi dec, scrvice~: (]ml/u: prodllUIlf' llloilOl:plctun:s, video;" telcvislOll program" or lckvj;;ioll COllllllercials.ca:To qualify, the btlsiIlC$~ I11US~ lJavc ,~ minImum privat:.:. capital invcstmc111 or $1.()OU,000At the discretiol' of the County Board of Supervisors and/or Municipal Authorities, an exelllption of notmore than (ell years may be granted from ad valorem taxes, except for tuxes for school districl purposes.f2 Air Transport and l'liain tCllancc §2i--31 -1 0 1 Business entities engaged in providing air transportation for passengers and/or cargo; and/or facilitiesX FaciIitie:,:oLLoperated lo repair and maintain aircraft used for air transportation.To qualify, a commercial airline operatioIl or a non-commercial operation (i.e., corporate fleetoperations) must create 10 or more jobs in the taxable year in a Tier Three Connty, 15 or more jobs inthe taxable year in a Tier Two County, or 20 or more jobs in lhe taxable year in a Tier One County.At the discretion of the County Board of Supervisors and/or Municipal Authorities, an exemption of notmore than ten years may be granled from ad valorem taxes, except for laxes for school district purposes.mwI­~-Z:E'eauonal Facilities that §27-31-101Facilities that provide entertainment, amusement, cultural, or scenic activities and promote or encourageout-of-state visitors for pleasure or education.To qualify, the business must have an initial capital investment 0[$100,000, create 10 jobs, and showthe impact that the facility will have on the COIlUlluoily.At the discretion of the County Board of Supervisors and/or Municipal Authorities, an exemption of nolmore thall tcn years may be granted from ad valorem taxes, except for taxes for school district purposes.QM

21MINUTE BOOK No. 63, CITY OF OXFORDDEMENT MERIDIAN 61 0226APPLICATION FOR AD VALOREM TAX EXEMPTION,IS AUTHORIZED BY SECTION 27-31-101, eI seq.,MISSISSIPPi CODE OF 1972, AS AMENDEDINAI,i E 0 F '0 NT'OPP PI S E _Q"'l''.LE:ptN~E,-,S,d,!tl.\ ~J-"",=-£'N,j.JllL/c:~~~S,,-;rLml.!-1.

~4/11/123.2G.24 PMGANESH INVESTMENTS, LLCGL Account Ledger - Detail By Date Range (Current and History)1/1/2010 tllrougIl12/31/2011j:1~1BalchJournalEntry itDaleJobDocumentDescriptionDebits Credits Balance185200.HAMEA.0002186 G2186 G2195 G408434084540897LAND - OXFORD CDNFRENCE CENTER01101/10 beginning balance 1/1110 transfer to: GANESH INV01101/10 beginning balance 111110 transfer 10: GANESH lNV08/25/10 CLOSE BANK LOA HITT LAW FIRM CK # 1001$0.00$1,005,00000 $- §!05,OOO.00142,279.43 ~62.7205711,S33.50 74.254.07LAND - OXFORD CONFRENCE CENTER TOTAL:$1,016,533.50 $142,279.43TOTAL OF LEDGER:$1,016,533.50 $142,279.43 ~74,254.070"Z0.en. eN0- -I-

-4/111123:

"""'Ill4/11/12 GANESH INVESTMENTS, LLC P~73:41:51 PM GL Account Ledger - Detail By Date I~ange (Current and History)1/1/2010 through 12131/2011Batd] Journal Entry # [)ate Job Document Descrirtion DRbits Credits Gala nee-•185100.HAMEA.000PROJECT COST - OXFORD CONFERENCE CENTER (CONT[NUED)~72,514_452500 AP 464G8 02/07/11 LST McMURRY CONSTRUCTION CO - LAST NOTE PYMT $22,629.25 $-2500 AP 46470 02/22/11 3203 PRECISION ENG[NEER[NG - 3203 2,97S,00 ~75'489452510 AP 46668 02/23/11 1276 City Of Oxford Electric - 3,317.00 78,806.452536 AP 47090 03/08/11 MARDRAW McMURRY CONSTRUCTION CO - MARCH 2011 DRAW 497,629.40 , 76,435.85BANK OF OXFORDm77,710.85• 2599 AP 48407 03/25/11 0332 PRECISION ENG[NEER[NG - 0332 1,275.002598 AP 48405 04/07/11 041111 McMURRY CONSTRUCTION CO - 8TH DRAW 511,905.60 ~89'G16452648 AP 49054 04/26/11 24448 LLW ARCH[TECTS - 24448 225.00 89,841452659 AP 49338 05/09/11 MAY11 McMURRY CONSTRUCTION CO - MAY 2011 DRAW 423,755.10 13,596.552659 AP 49340 05/09/11 WATERDEPOS[T City of Oxford - WATER DEPOS[T 2,418.20 (0'6,0'475• 2674 AP 49546 05/10/11 1 STOEP COMMERC[AL PLANT WHOLESALERS - 1 ST 6,120.13 ~22,'42.88[NSTALLMENT2674 AP 49550 05/10/11 CR-0000001 City of Oxford - WATER DEPOS[T 2,41820 ~'9,724.682674 AP 49552 05/10/11 WATERDEP City of Oxford - WATER DEPOS[T 2,374.15 22,098832674 AP 49554 05/13/11 0424REV PRECISION ENG[NEER[NG - 0424-rev 63000 , 22,728.832674 AP 49548 05/16/11 2ND[NSTALLMENl COMMERC[AL PLANT WHOLESALERS - 2ND 6,128.13 cn28 ,856.96[NSTALLMENT~29,535.262674 AP 49556 05/16/11 CABLE STARRETT ELECTR[C CO LLC - CABLE PULLING 678.302684 AP 49982 05/19/11 3RD[NSTAL COMMERC[AL PLANT WHOLESALERS - 3RD 6,128.12 (,,)35,66338[NSTALLMENT2737 AP 50887 06/08/11 HOTSGNCOM AMER[CAN EXPRESS - HOTELS[GNS.COM ORDER 5,511.04~"'74422737 AP 50893 06/08/11 JUNE11 McMURRY CONSTRUCTION CO - JUNE 2011 DRAW 297,600,80 8,775222819 AP 52402 07/05/11 0705 GURUDEV LLC - CARPET [NSTALLERS 624.42 4, 9,399.642819 AP 52416 07/08/11 S[GNPER City of Oxford - S[GN PERM[T 91.00 &9,490642819 AP 52412 07/10/11 JULYDRAW McMURRY CONSTRUCTION CO - JULY 2011 DRAW 504,523.15 ~4,013792819 AP 52410 07/11/11 MOBLIZA MAGNOLIA GROUND MANAGEMENT LLC - DRAW FOR 500.00 644 ,513.79PROJECT2819 AP 52404 07/15/11 119 MAGNOLIA GROUND MANAGEMENT LLC - 119 ir!ig8tion 1,845.75 ~6'359.542819 AP 52418 07/15111 S[GNPERM[T City of Oxrord - SIGN PERMIT 6[00 6.0120.542819 AP 52406 07/22/11 120 MAGNOL[A GROUND MANAGEMENT U.C - 120 2,01G95 48,437.'192819 AP 5201013 07/29111 21 MAGNOliA GROUND M/lN/lGEMENT LLC - 121 535.00:a~:~~~'~~3098 AP 57521 07/31/11 OCT/11 AMER[CAN EXPRESS - 6·91006 C/I[lLE 3.373,G9309S AP 57522 07/31111 OCTII1 AMER[CAN EXPRESS· SPEMER W[RE J15,o1l) 02,()66,5133098 AP 57523 07131/11 OCT/11 /\MERIC/\N EXPR.ESS - [QUIP RErnjl.,L J EXP1l.ESS - 3727 10357G ~'3002 WATI~R !jfi 1 ,GO 4,852,S7S.B9--------t:-cttt,t'n \2869 AP 53506 08/26/11 082611 MAGNOLIA GROUND M!\NN;;EMENT LLC . Lond;:-,c:Jpirl()s 8,3t1G.1J0 o1,f3GO,871 1392907 AP Go1 "131 08/31/11 6604AUG11 8ANK OF AMER[CA· TURF 1,29t1 /0 o1,eG/., iGG,S9imJicates a batch in tile liistOJY file (batclles ill 3 closed Gencral Lc~!I~I!t-

- - -4/11/12 GANESHINVESTMENTS,LLCP

""'Ill----._---_.4/11/123,29,33 PMGANESHINVESTMENTS,LLCGL Account Ledger - Oetail By Oate Range (Current and History)1/1/2010 through 12131/2011P~ 1Batch Journal F.:ntry 1;DaleJobDocumentDescriptionDebitsCreditsBalance-153000.HAMEA.0002674 flP2819 flP2819 flP3209 flP3216 flP3216 flP3216 flP3216 flP* 3133 AP2819 AP2819 flP2819 flP3216 AP3216 AP3216 flP3216 AP3216 flP3216 flP3216 flP3216 flPflP3216* 321632162819'* 2g37* 2841flPflPAPAPAP4954452396523985927959365593665936759368581755240052390523925937059372593735937459376593785937959380593825938359384524145467552789FURNITURE, FIXTURES, EQUIP05/10/11DEPOSIT07/13/1107113/1107120/1107/20/1107120/1107/20/1107/20/1107/20/1107/25/1107/25/1107125/1107/28/1107128/1107128/1107/28/1107/29/11o {/;!9/1107/29/1107/29/1107/29/1107/29/1107/29/1107/29/1108/01/1108/02/11BALON116758116763-75116763-75116763-75116763-752/1167570720EXEEXEQ116784116808-27116808-27116808-27116836116838-40116838-40116838-40116851-78116851-78116851-78NUKOHSERTA-l33780129372937284128462846~846284628462846321732173717flPflPflPflPAP:\PflP.~P,\P/\PflPflP546775467952780:5288852889528815288252eB352886593136:593871)938808/0211108/03/1108/1011108/12/1108/12/1108/15/1108/15/110811511108/17/11OBl19/1108/19/1108/19/11SERTA-2SETRTA-3INSTALLSIGNAGESIGNAGE0815110815110015110817116892-904116892-ml4116892-9043217 I\P')~J:m9 U8/19/1111 G892·904----JilT /\1) 59390 OS/19m115892·904-2907 AP 54146 08/19/111266798* indicates JK or AMEHICA - 2063 VPC Hotel Signs6.250,00AMERICAN EXPRESS - 33002 Se!ta Bed r:ramcs1.iHJUri'r~MERICJ\N EXPRESS - Mirror & Towel r8ck/Ex8rciscRM3.93200/\MERICAN EXPRESS - Moffat COllvection Ovcn ,~, ,Sl

- - -4/11/12Page: 2GANESHINVESTMENTS,LLC32933 PM GL Account Ledger - Detail By Date Range (Current and History)1/1/2010Balch Journal Entry # Date Job lJocurnenl Descrlptioll Uel)i\s Crcrrilc II Balance153000.HAMEA.OOOFURNITURE, FIXTURES, EQUIP (CONTINUED)2907 AP 54147 08/19111 1266798 HILTON HOTEL CORP - 02022274 1264355 ON Q $30,672.51 $- $521,785.08sorTWNl28G9 AP 53504 08/23/11 269641 CITY AUTO SALES, INC - 08 10Ril E 150 VAN 11,bOO.OO 533,28S.0e3217 AP 59392 08/24/11 116933 BOSTON TRADE INT'L INC - 116933 36,176.84 3: 569,461.923217 AP 59394 08/24/11 116934 BOS"TON TRADE ItH'L 1NC - 116934 39,771.70 60Sl.233.683217 AP 59396 08/24111 116940-55 BOSTON TRADE INT'L INC - 116940 2,17U.7U Z 611,404.383217 AP 59397 08/24111 116940-55 BOSTON TRADE INT'L INC -116942 2, n 1.66 614,136.043217 AP 59398 08/24111 116940-55 BOSTON TRADE INT'L INC - 116946 5,00000 c: 619,136.043217 AP 59399 08/24/11 116940-55 BOSTON TRADE INT'L INC - 116948 51.56 -1619,187.603217 AP 59401 08/30111 116955 BOSTON TRADE INT'L INC - 116955 31,999.80 m 651,187.403217 AP 59403 08/30111 116965 BOSTON TRADE INT'L INC - 116965 10,33812 aJ 661,525.523217 AP 59405 08/30/11 116969 BOSTON TRADE INT'L INC -116969 6,506.19 668,031.712873 AP 53566 08/30/11 208HIOX CHARLES REEVES - FF & E Installation 28,171.24 0696,202.952873 AP 53568 08/30111 525102 HILTON SUPPLY MANAGEMENT - 525102 5 Ice Machines 21,135.62 0 717 ,338.572907 AP 54143 08/31/11 2658AUG11 DISCOVER - 20 BOARD/OFFICE CHAIRS 2,180.85 " 719,519.422907 AP 54144 08/31111 2658AUG11 DISCOVER -111 CONFERENCE ROOM CHAIRS 2,693.70 722,213.122907 AP 54137 08/31111 6604AUG11 BANK OF AMERICA - 6604 COMPUTER SOFT'WARE 5,136.01 Z 727,349.132997 AP 55812 09/01/11 ML CITICARD - 32 CONFERENCE TABLES 6,245.51 o 733,594.642970 AP 55317 09/15111 10223679 IBM CORPORATION - WORK ORDER 10223679 2,013.59 • 735,608.23SOFT'WARen• 2982 AP 55487 09/16111 6109 AT& T - TELE EQUIP & INSTALLATION 27,55517 W 763,163.403012 AP 56077 09116/11 SIGNBAL BANK OF AMERICA - 5466 3210 1224 5458 VPC IMAGE 9,215.50 ~ 772,378.903012 AP 56073 09/19111 90000722 AT &T WI-FI SERVICES - 90000722 An WIFI SYSTEM 1,926.00 0 774 ,304.902938 AP 54666 09/22/11 SEPTAMEX AMERICAN EXPRESS - WHIRLPOOL REFIFREEZER 754.35 _ 775,059.252938 AP 54667 09/22/11 SEPTAMEX AMERICAN EXPRESS - SNACK MCH I DRINI\ MCH 8,596.38 -I 783,655.632938 AP 54668 09/22111 SEPTAMEX AMERICAN EXPRESS - 4 LUGGAGE CARTS 1,231.06 -< 784,886.692950 AP 54919 09/28/11 083111 SUNRISE ENTERPRISES - 200 15,000.00 0 799,886.69PHONES/EQUIP/CABLE/PBX SYS3111 AP 57904 09/28111 BAL SUNRISE ENTERPRISES - Balance InV# 1261Teles/PBXI 14,750.00 ." 814,63669Ca3012 AP 56063 09/30/11 0911AMEX AMERICAN EXPRESS - CONFERENCE TABLES-BALIINCE 4,000.000818,636692997 AP 55800 09/30/11 SEPT11BA BANK OF AMERICA - BAL VISUAL PROD/SIGNS 6,25000 >< 824,886.692997 AP 55792 09/30111 XTR AMERICAN EXPRESS - 3727 10357624000 BAL or 2,955.81 ." 827,842.50SERTA0 852,842.502983 AP 55489 10111/11 116756 BOSTON TRADE INT'L INC - 11G756 25,000.003013 AP 56081 10/21/11 116756/3 BOSTON TRADE INT'L INC -116756 partial pymt 25,000.00 ::D 877,842.503051 G 56631 10/31/11 PRECOR - REFUND 118.29 C 877,724.213051 G 56632 10/31/11 VISUAL PROD - REFUND(SIGN) 1,048.04 876,676.173099 AP 57527 10/31/11 OCTAMX AMERICAN EXPRESS - DRAPERY SHEERS 250.47 876,926.643099 AP !J7528 10/31111 OCTAMX AMERICAN EXPRESS - MUSIC SYSTEM :~,997.[) 1 880,923.653052 AP 56643 11/02111 1442-1 AUDIO CENTRAL - 81442 PARTIAL,81443,81444, 13,9GO 77 894,8844230G1 AP 56758 11/09111 1167561' BOSTON TRADE INT'L INC -11675G PIlfUiAL PYMT 25,00000 919,884.423D97 AP 57554 11/22/11 PATIAL BOSTON TRADE INT'L INC - PARTIAL PYMTI INVII1H;757 5542.00 925~A23097 AP 57556 11/22111 PYMT BOSTON TRADE INT'L INC - BAL 01- INV 1675G 19,46712 94

-411111 ?32933 PMBatch Journal Entry #DateJobGANESH INVESTMENTS, LLCGL Account Ledger - Detail By Dale Range (Current and History)1/1/2010 ttlrougl112/31/2011DocumentDescriptionDebitsI'ICredIts~3Galance.,153000.HAMEA.0003110 AP3202 AP5789259186FURNITURE, FIXTURES, EQUIP (CONTINUED)1112311111130111BALAMEXIIIIAUDIO CENTRAL - BALANCE OF AUDIO SYSTEMAMERICAN EXPRESS - SMOKING POSTFURNITURE, FIXTURES, EQUIP TOTAL:$10,000.00727 -11$956,787.28$-$1,166.33~54,893.54Zl55,620.95ro!'!. __ ____ _TOTAL OF LEDGER:$956,787.28$1,166.33 lm55,620.9500;ill;;Z0•0)W~(")- -t-

429MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61·0226IORDINANCE 2012-2:It was moved by Alderman Howell, seconded byAlderman Antonow to adopt Ordinance 2012-2,"AN ORDINANCE AMENDING THEREZONING ORDIANCE ESTABLISHING APUD OVERLAY DISTRICT FOR CERTAINPROPERTY LOCATED ON OLD TAYLORROAD WEST OF THE MARKSCONDOMINUMS" Said Ordinance is recorded inBook 8 of the City of Oxford Code of Ordinances.The vote was as follows:Voting Aye - Bailey, Oliver, Howell, Antonow,Taylor and WilliamsVoting No- MorganMayor Patterson declared the motion carried.II

II30ORDINANCE tiC! .~Olu..MINU .- t: BOOK No. 63, CITY OF OXFORDDeMeN,MeRmN"'"AN ORDINANCk AMENDING IRE REZONING ORDINANCE ESTABLlSJIlNG A ptiIn. -OVERLA Y DISTRICT FOR CERTAIN PROPERTY LOCATED ON OLD 1A YLOH ROAD IWEST OF THE MARKS CONDOMINUMSIBE IT ORDAINED BY THE MAYOR AND BOARD OF ALDERMEN OF THE CITY OF '!OXFORD, MISSISSIPPI:IWHEREAS on April 17, 2012, the Board of Aldermen found that a change in the i8nd usecharacter orthe area has occurred and that there was need for additionalmulti-familv and neighborhoodcommercial property in the area to justify rezoning the subject property from CF to pun with thecondition that approval is only for an attached site plan (Zoning Case #1(27). The subject property ISmore particularly described below:IIPart of the Southeast Quarter and the Northeast Quarter of Section 31, Township 8 South. Range 3 West.Lafayette County, Mississippi, being 29.965 acres, more or less, and more particularly described as follows:Beginning at a 1/2-inch steel tube on the westerly right-of-way line of Old Taylor Road (50.0 feet \\ide)1,546.41 feet north and 948.17 feet west ofa I-inch iron pipe found and commonly accepted as the sOlltheastcomer of the southeast quarter of said Section 31; thence rlln North 80°43' 47" West a distance of 1.4 70.08feet to a II2-inch steel tube on the easterly right-of-way line of the Illinois Central Railroad (1 OO-feet \\ ide):thence run northeasterly along a 5641. 73-feet radius curve to the left, having a Chord Bearing and ChordDistance of North 34°34'10" East and 774.46 feet, a distance of 775.07 feet along said ea.sterll' right "f "ayline to a I 12-inch iron bar at a fence comer at the southwest comer ofthe Braxton Comer property: thence runSouth 89°55'27" East a distance of 91 0.06 feet along the south line of said Comer pr"pertv to a I-inch in'npipe: thence run North 54° 49' 55" East a distance of 103.60 feet along said Comer south propert' line te) aII2-inch steel tube: thence run North 55°52'55" East a distance of 313.50 feet along saiel Comer southproperty line to a II2-inch iron bar: thence run North 60°41 '26" East a distance of 502.00 feet along saidComer south property line to a 112-inch iron bar; thence run North 30°30'18" East a distance of 2R2.29 reetalong said Comer south property line to a 112-inch iron pipe on said Old Taylor Road \\ esterly right-of-\\ayline: thence run South 26°19'32" West a distance of 626.97 feet along said westerly right-"f-\\3v line to apoint: thence run southwesterly along a 1,975.30 feet radius CUrve to the right. having a Chord Bearing andChord Distance of South 27°04' 16" West and 51.40 feet, a distance of 51.41 feet along said \\esterlv right-ofwayline to a point; thence run South 27°49'00" West a distance of 1,120.25 feet along said westerl, right-ofwayline to the Point of Beginning and containing 29.965 acres, more or lessI\VHEREAS on Mav . 1 , 2012 the Board of Aldermen considered an amendment to the ('rdinanceestablishing the PUD overlay district for the above described property to preclude occupancv ofresidential development until aller January 1, 2014; andWHEREAS. on May 15,2012 a public hearing was held on the proposed amendment restrictingresidential occupancy until January 1,2014 for the PUD overlay for the above described property.INOW, THEREFORE, BE IT ORDAINED BY THE MAYOR AND BOARD OFALDERMEN OF THE CITY OF OXFORD, MISSISSIPPI, AS FOLLOWS:Section 1. That the Ordinance establishing the PUD for the above described propertv beamended to preclude occupancy of residential development until alier Jan lIary L 2014.Section 2. That all ordinances, or parts of ordinances in connict here"ith. shall be. and thesame are hereby repealed.ISection 3. That this ordinance shall take effect and be in force from anci after the timerequired by Mississippi Code of 1972, as amended, provided, however, that such change or amendmentmade by this ordinance shall not become effective until such has been duly entered upon the OfficialZoning Map of the City of Oxford, Mississippi.The above Ordinance having been first reduced to writing and considered at a public meeting of thegoverning authorities of the City of Oxford, Mississippi, on motion of Alderman Ho\\ellseconded by Alderman Antonow and the roll being called, the same was adopted by the follo\\ing vote:Alderman WilliamsAlderman Olivervoted AYEvoted AYE

,~Idcrtllan Antonu"voted AYENo. 63, CITY OF OXFORD31A Iderman BaileyAiderman l\!organvoted AYEvoted NOED, this day the 15th_ of __ May ,2012E G. PATTERSON, MA YORc-=~±I--'::--=-C ------. ---CARWYLE, CITY CLERKII

32 5MINUTE BOOK No. 63, CITY OF OXFORDDEMENT·MERIOIAN 61-225I~O~R~D~I~NA-N:~2012-3:It was moved by Alderman Morgan. seconded byAlderman Williams to adopt Ordinance 2012-3."AN ORDINANCE AMENDING TilEBLACKBERRY HILLS PLANNED UNI rDEVELOPMENT (PUD) LOCATED ON l'dOLL YBARR ROAD WEST Of CHRIST!\lAN DRIVE··.Said ordinance is recorded in Book 8 of the City ofOxford Code of Ordinances. All the aldermenpresent yoting aye, Mayor Patterson declmed themotion carried.III

ORDINA.NCE NO. ~OI2-333D VE:LOPl\lENT (PUB) LOCATED ON MOLLY BARR ROAD WEST OF CRIST MANDRIVEE IT ORDAINED BY TIlE MAYOR AND BOARD OF ALDERMEN OF THE CITY OFD, MISSISSIPPI:VHEREAS, on April 9, 2012, the Oxford Board of Adjustment in accordance with publicItice, elLl a public hearing on a Special Exception request by Chance Properties (0 amend a portion thelackb rry llills PUll (Case # 1634) The amended portion of the Blackberry Hills PUD is a 65 acreact 0 land ILlcated on (he 11011h side of Molly Barr Road west of Cristman Drive more pat1icularlydescrib d as the t()llowing:All that certain real propeny. and all appwtenances thereto, lying situate in lafayette County, Mississippi,panicul 'Iy lkscribed as tc)ilows:TRAC I: Commencing at a C)((on Picker Spindle (found) and recognized as being at the Northeast Comerof Secti n 16, Township 8 South, Rallge 3 Wes~ lafayette COlmty, Mississippi, Chickasaw Meridian;thence I 1 SOUTH Il)r a distance of 674.85 teet to a point; thence run WEST for a distance of 1,333.92 feetto a Yo" bili\set) ili1(j the Point of Beginning; fium said Point ofBegirming, thence run South 5r44'44" Eastlor a dis lce of232.57 ted to a Y2" rebar (set): thence nm South 00°22'59" West for a distance of 84.33 feetto a '/z" ebar (set); dlence 11m South 06°52'10" East for a distance of297.82 feet to a Yz" rebar (set); thencenm Sou 105°'+0''+7'' East tl)], a dislililce of 174.28 teet to a 1'2" rebar (set); thence lUn South 85°23'00" East fora distan of 1'+0.83 leet to a ~;" rebar (towld); thence run South 85°28'45" &;'1 for a dislililce of36.22 feet toY," reb (set); dlence run NOlth 88°03'05" East for a distance of 54.51 feet to a 1'2" rebar (set) on the We:,1light w 'or Chlistnlilil Drive: thence ntn along said West right-of-way South 30°58'05" East for a distanceof92.12 feet to a ',z" rebar (Sel); thence, leaving said right-of-way, run South 56°33'38" West for a distanceof 109.3 th;t to a ~;" rebar (set); thence roo South 22°33'20" East lor a distance of 131.82 feet to a y," rebar(set); dl Ce nm South 09"'+ 1 ''+2'' East for a distance of 89.82 feet to a'/''' rebar (set); thence run South01°07'2 "East lor a distance of95.12 lee( to a'/''' rebar (set); thence run South OJ °03'41" East for a dislililceof 100. lee! to a ~;" rebar (Sd): thence run South 00°20'48" East for a distance of234.78 teet to a'/''' rebarth ee nm South 86°'+2''+5'' East tor a distance of 114.01 feet to a I/z" rebar (set); thence run South°'+0'0 "East tor a dis(ililce or87.30 tee( to a w rebar (set); thence nm South 55°50'30" East for a dislili1ce of1 J 1 el to a :," rebili' (SCI); thence lUll across a 1'2" rebar (fOlmd) SOUdl 00~8'56" East for a distance of0'-1206 et to a \;" rebar (IOllild): thence run South 89°22'27" West for a dislililce of 118.69 feet to a 1'2"rebm' (S ); thence mn NOlth 00°.+7'58" West for a distance of 69.15 feet to a 1'2" rebar (set); thence nmNorth 5 06'2'+" West tor a dislance ofl54.07 feet to a y," rebar (set); thence nm South 89°51 '41" West fora dislilil of 560.95 fee( to a ~;" rebar (sel); thence nm South 00°47'07" East for a dislililce of 99.11 to a'.2" reb (set): (hen~e run South 53°30'47" West for a distance of 84.47 feet to a Y2" rebar (set);thence tn South.+7 08'26" Wesl lor a distance of 104.51 feet to a '/z" rebar (set); thence run Not1h.+.+°32'3 "West lor a distancc of 1,084.11 feet to a'/''' rebar (set); thence run North 32°42'21" East tor adist,mce )1' 169.89 teet to a :2" rebar (set); thence run Not1h 45°00'55" East for a distance of73.38 teetto a Vz" bar (,-;et); thence nUl North 68° 12'33" East for a distance of 69.87 feet to a Yi' rebar (set); thencerun Nor h 87 .+ 7'55" East for a distance of 84.40 feet to a Yz" rebar (set);othence run South 74°29'01"East for a dislance of 60.59 feet to a ,-:," rebar (seD; thence run South 4500'55" East for a distance of96.31 Ie t to a Y,' rebar (sel); thence run North 48 35'29" East for a distance of 147.04 feet to a 1'2"rebar (s I); Ihence run North 00°32'36" West for a distance of 684.08 feet to a Yz" rebar (set); thencerun No 39°.+.+'28" West liJr a distililce of 299.34 feet to a Vi' rebar (set); thence nm N olm 49°29' 57"East lor dist,mce of 173.25 fed to a 'I;' rebar (set); thence run South 55°11'23" East for a distance of25.92 f t to a ~2" rebar (set); thence run NOrdl 89°53'49" East for a distance of 397.89 feet to thePoint of Bc:ginning.It);Alilyin situate ,md being in Ihe Northeast (NE \'4) Quarter o[Section 16, Township 8 South, Range 3West, Layette CouIlty, Mississippi, Chickasaw Meridian ili1d containing 40.01 acres, more or less.TR,,"C II: Commencing at a Cotton Picker Spindle (lound) and recognized as being at the Not1heastComer f Seclion 16, Tov.nship 8 South, Range 3 West, Lafayette County, Mississippi, Chickasawleridi ; tItence nUl SOUTH for a distance of 674.85 teet to a point; thence run WEST for a distance of333.9 feel to a'.;' rebar (set) and the Point of Beginning; fum said Paint of Beginning, thence runllith 8 53''+9'' West t(ll a dislililce of397.89 feet to a 1'2" rebar (set); thence run North 55° 11 '23" Westfor a di anee 01 25.92 (eet [0 a Y2" rebar (set); thence run South 49°29'57" West for a distance of173.25 t d to a',," rebar (Sd): thence nUl North 50°58'13" West for a distance 0[278.95 leet to a V2"rebar (s ); tllence nln Soulh 39°31 ''+3'' West for a distance of 285.83 feet to a V2" rebar (set); thencenm No 50° 15'55" West ro[ a distililce 01'298.66 feet to Yz" rebar (set); thence run North 39°25'47" Easttor a di ance of 511.99 teet to a'/''' rebar (set); thence run North 00°03'07" West for a distance of2.+ 1..+9 t et to a ~;" rebili" (sel); thence nm South 89°44'38" East for a dislililce of 1,146.37 feet to a Y,"rebar (s); thence nm South 00°35'27" East for a distance 01'436.39 feet to a 1'2" rebar (set); thence rooNonh 8 °00'32" East for a distance of 266.90 leet to a 1'2" rebar (set) on the West tight-of-way ofChristm Drive: thence nm along said West right-ol~way South 45°59'12" West for a distililce of127.84 t et lcl a 1;" rebar (set); thence nm along a ClllVe to the right having a radius of 82.93 feet for adistance )f29.-+9 teet along1062879,1I ....

34said curve"having a chord beari~ofSouth 36°29'05" West and a chord len~h of 29.49 feet to a '1,"rebar (set): thence,MfNUJT£hBOO~Nt!tl ft'ICtvF¥,oOll'st0X

35amend troposed use

(36----------MINUTE BOOK No. 63, CITY OF OXFORD,--' .II~'(II!IVVILLl,.\L1S E'NGI~JEER'tJr3 CONSU TANTS, It~CP'clf'ssic;.nal eng,llee,s I f'I"f.~s~!,-y~al La)(j Sw\e/iJlS

637MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0226IIBICYCLE FRIENDLYCOl\llVlllNITY:2012 OXFORD ENDURANCEWEEKEND:STANDARD PARKINGCONTRACT:CHANGE ORDER:Kate Kellum and Scott Rone came before theMayor and Board of Aldem1en to present the Cityof Oxford with the Bicycle Friendly Communitynational award.It was moved by Alderman Howell, seconded byAlderman Taylor to authorize the 2012 OxfordEndurance Weekend. All the aldermen presentvoting aye, Mayor Patterson declared the motioncarried.The Mayor discussed whether there was a need fora vote regarding the Standard Parking contract fordowntown parking management services. PopeMallette, counsel, stated they had been workingwith Standard Parking on the proposed contract andwould continue to work with them.It was moved by Alderman Morgan, seconded byAlderman Taylor to authorize the change order forwater distribution extension for Bell Utilities. Allthe aldermen present voting aye, Mayor Pattersondeclared the motion carried.I

38MINUTE BOOK No. 63, CITY OF OXFORD qEt~J!&1!\"QI;flerNo. 4 & l'1illaiDate of Issuance: __ Ma)' 3. 20]2~L-~~ __________ Efrective Date:;\{o)']5,2012Projcct: 10wl1er: Cil)' olOsfol'd Owner's Contr[lct No.:Contmct: W"lel' Disll'ibuliol1 £xlellsioll/Ol' Date ofCol1tract: Jlllle 8.2011Bel! Ulililies Acquisilioll_C_o_n_t_ra_c_to_'_':_E __ II_"_I_'k __ C_o_"_S_II_U_C_li_O_"_c_O_._._b_,C_. __________________-LE_"_g_i,_'e_e_r_·s_P_'_D_je_c_t._NO._:____________-+____IThe Contract Documcnts arc modified as follows upon execntion of this Change Orde-,,~Description:Rel'ise cOll/rllelqulIlllilies (.,ee aI/ached sheel).-----------Jl---­Attachments (list docnl1lents snpporting changc):Reco{l sheel showillg qllOlllil), o(leliliolls allel eleleliollS lI'il" dolllll' {/UlOlIllllolais.CHANGE IN CONTRACT PRlCE:Original Contract Price:$ 1.164.715.00[Incrcase] [Geeffase] frol11 previouslyapproved Change Orders No . .Lto No. ;1:$ 19,488.40Contract Price prior to this Change Order:$ 1.184.203.40Decrease ortllis Change Order:$ (44.962.27)CHANGE IN CONTRACT TIMES:,Origi,ml Contract Times: 0 Working days k'Lrrl">Contract Times prior [0 this Change Order:Substantial completion (clate): March 21. 2012Ready for finallwyment (date): Marclll.L:mI2Increase l-fle&rell5e of this Changc Order:Substantial completion (days): 40 dl\j'~Ready for final payment (days): ~ daysICOlllrElct Price incorporating Ihis Change Order:8y·~..A~~~~~~--·nginccr (Authorized SiglHltnrc)Date:5/3/1'2.-Contract Times witlt all approved Changc OrdelS:Substantial completion (date): t1Pl.1I1lL£OllReady for final payment (date): M'lyJ,20 11ACCEPTED:By: ________________ __0\\11Cr (Authorized Signnlurc)Date: ________________ __ACCF ED: - c: , LBy: ,rf!jB~ ~ /7;OI1;r

.,39CITY OF OiUORDMINUTE BOOK No. 63, CITY OF OXFORDDEMENT·MERIDIAN 61·0226eet 4-aFOR BEll UTILITIES ACQUISITIONEUBANK CONSTkUCTION CO., INCCHANGE ORDER NO.4 & FINALADDITIONS'.Ir-Pay ItemDescriptiDn37 Cap & Block 4" Main50 4~ Set Screw Retainer Glands58 S",ed F",nilile & Mulch62 Solid Bermuda Sod')2 3 Way Fife Hydrant· Material Only'73 CDncrete Drive Repa'ir5ubtotal- AdditionsQUANTITY UNIT UNIT PRICE AMOUNT1.0 EACH $50000 $500.0011.0 EACH 45,00 495.00508.0 U. 1.00 508.001,450.0 S.Y. 3.00 4,350.004.0 EACH 1,097,92 4,391.6865.0 S.F . 15.00 975.00S11,219.68DELETIONSPdi ItemDescription1 12" DUOil", Iron Pipe, CI. 350r--4" Duc{iie Iron Pipe, CI. 350f-- 425 3 Way fire Hydrant Assembly49 6" Set Screw Retainer Glands52 Ductile Iron Fittings53 Tra;;::.;or WireQUANTITY UNIT UNIT PRICE AMOUNT866.0 l.F. $34.00 S29,444.0040.0 L.F. 20.00 800.005.0 EACH 3,400.00 17,000.0050.0 EACH 50.00 2.500.001,775.0 lSS 3.50 6,212.501,503.0 U. 0.15 225.455ubtotiil - Deletions$56,181.95~-NEl" DECilEASE IN CONTRACT AMOUNr-$44,962.27II

407MINUTE BOOK No. 63, CITY OF OXFORDDEMENT·MERIDIAN 61 -226WEST SPRING HILLTRANSFER:SLUDGE FROM W ASTEW A TERTREATMENT PLANT:It was moved by Alderman Antol1(1\\. seconded h\Alderman Taylor to authorize the transfer of \\'estSpring Ilill and authorize Mayor Patterson andClerk to execute necessary documents. All thealdermen present voting aye, Mayor Pattersondeclared the motion carried.It was moved by Alderman l\·lorgan. seconded bvAlderman Bailey to accept the low bid li',lIn SludgeTechnology, Inc. in the amount 01'$525.000.00 forthe BioSolids Land Applicatiun j(lr sludge fromWasteWater Treatment Plant. All the aldermenpresent voting aye, Mayor Pattersoll declared themotion carried.III... I

~~- --.~.,-". -r ,~BIDT .... n I'TION~W.L.O.E ! IENGINEERS, P.A.P.O.~8CITY OF OXFORD DATE: May 10.2012DlOSOLlDS LAND FARMING PROJECT TIME: 3:00 P.M, (CST)oxro I SISSIPPI 38655-1084 OXFORD, MISSISSIPPI PLACE: OKfon! City HallOIC(ord. MS>C'BIDDERSSludge Technology, Inc. Synagro-Wwr. Inc. Terra Renewal, LLCESTIMATED 8101 West 33 M StreeT South I 800 Bering Drive. Ste. 1000 1100 E. Campbell Road, Sle 220N~ PAY ITEM QUANTITY Muskogee. OK 7440 I Houston, TX 77057 Richardson, TX 75081I- UNIT PRICE AMOUNT UNIT PRICE AMOUNT UNIT PRICE AMOUNT0~Biosolld Subsarrace/('1) Injection Program(0•Z~02.500 Dry Tons $200,00 $500.000,00 $293,00 $732.500,00 $305,75 $764.375,00Lime Soli Treatment 500 TOil $50.00 $25.000,00 $36,95 $18,475,00 $54,77 $27.385,00~ -- ----- >< >

~"-- _.•42 8~~~~~~~~~MINUTE BOOK No. 63, CITY OF OXFORDDEMENT·MERIDIAN 61·226STREET NAMES FOR2007 ANNEXATION: It was moved by Alderman Williams. seconded 11\Alderman Antonow to adopt the foll

43__ Bailey ____ olfered and moved the adoption of the following resolution:IUESOLUTION OF THE MAYOR AND BOARD OF ALDERMEN OF THECITY OF OXFORD, MISSISSIPPI DIRECTING THE ISSUANCE OF ANOT TO EXCEED TWO HUNDRED ELEVEN THOUSAND DOLLAR(S211,0()0) GENERAL OBLIGATION REFUNDING NOTE, SERIES 2012Of Ti-l£ CITY OF OXFORD, MISSISSIPPI FOR THE PURPOSE OFREFUNDING THAT CERTAIN $675,000 (ORIGINAL PRINCIPALAMOUNT) GENERAL OBLIGATION NOTE, SERIES 2008 OF THECITY OF OXFORD, MISSISSIPPI; PRESCRIBING THE FORM ANDnETAILS OF SAID NOTE; PROVIDING CERTAIN COVENANTS OFTHE CITV OF OXFORD, MISSISSIPPI IN CONNECTION WITH SAIDNOTE AND nIRECTING THE PREPARATION, EXECUTION ANDDELIVEI{Y THEREOF; APPROVING THE FORM OF AND THEEXECUTION ANn DELIVERY m' A PRIVATE PLACEMENTAGH.EEMENT IN CONNECTION WITH THE SALE OF SAID NOTE;AND FOR RELATED PURPOSES.WHEREAS, the Mayor and Board of Aldermen of the City of Oxford, Mississippi (the"Governing Body"), acting for and on behalf of the City of Oxford, Mississippi (the "City") areauthorized by Sections 31-15-1 et seq., Mississippi Code of 1972, as amended (the "RefundingAct"), to issue general obligation refunding bonds or notes of the City for the purpose ofrdtnancing certain outstanding prior obligations of the City; andIWHEREAS, pursuant to Sections 17-21-51 through 17-21-55, Mississippi Code of 1972,as amended, and Sections 21-33-301 et seq., Mississippi Code of 1972, as amended, theGoverning Body, acting for and on behalf of the City, did heretofore issue a $675,000 (originalprincipal amount) General Obligation Note, Series 2008 of the City (the "Prior Note") for thepurpose of preparing and equipping athletic fields and purchasing machinery and equipmentv.hich has an expected useful life in excess of ten (10) years, including motor vehicles weighingin excess of twelve thousand (12,000) pounds; andWHEREAS, the City is desirous of rei un ding the outstanding Prior Note for interest ratesa\ings: andWHEREAS, it has been determined that the outstanding Prior Note is eligible forrefunding under the Refunding Act; andWHEREAS, pursuant to the Refunding Act, the Prior Note can be legally oreconomically defeased; andWHEI

44private Mt~\UXIiaIPsQ~~NQfl §~ ~rfrXu2 fa2e1'fs~~Rernil~E8~'!!l1~determme to be m the City's best interest), to make-;);'r-angements for the retirement of th~Note and to make all other arrangements relating to such refunding note: andPrio~11IWHEREAS, the Governing Body has determined that the sale of such refunding notethrough private sale will provide the Governing Body with the greatest degree of flexibility illthe marketing of such refunding note and will ensure the most favorable long terlll interest ratesand will thereby maximize the interest savings for the City; andWHEREAS, such refunding note will be sold to Regions Bank (the "Purchaser")1pursuant to the terms and provisions of a Pri vate Placement Agreement, to be dated as 0 r the date'of the sale of such refunding note (the "Private Placement Agreement"), bv and betvveen thePurchaser and the City: andiIWHEREAS, it appears that the Private Placement Agreement. which is 11(1\\ beti)re theiGoverning Body, is in appropriate form and is an appropriate document for the l'urposeJ1,identified; andIWHEREAS, all conditions, acts and things required by the Refunding Act and the:Constitution and laws of the State of Mississippi (the "State") to have existed. to have happenedand to have been performed precedent to and in connection with the adoption of this resolution.the sale and issuance of such refunding note and the execution and deliv-erv of the PrivatePlacement Agreement have happened and have been performed in regular and due ti)\le. formand manner as required by law; andWHEREAS, it is proposed that the Governing Body should take all such additional,actions, authorize the execution of such documents and certificates and authorize such other:actions and proceedings as shall be necessary in cormection with the sale and issuance of such,refunding note: and'I\VHEREAS. the issuance of such refunding note does not exceed any statutorv orlconstitutional limitation upon indebtedness which may be incurred by the City.NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR i\ND HOARD OFALDERMEN OF THE CITY, ACTING FOR AND ON BEHALF OF THE CITY, ASFOLLOWS:ISECTION 1. This resolution is adopted pursuant to the Refunding .\ct and the!Constitution and laws of the State and all recitations hereinaboye made are f(lund andadjudicated to be true and correct.SECTION 2. Proceeding under the authority of the Refunding Act. there shall he and,there is hereby authorized and directed to be issued a General Obligation Refunding N(lte. Series l2012 of the City in the aggregate principal amount of Two Hundred Eleyenll](1usancl Dollarsll($21 LOOO) (the "Note"). In consideration of the purchase and acceptance pf the Note. thiSl1resolution shall constitute a contract between the City and the registered holder frolll time to time!of the Note. Pursuant to the Refunding Act, the Note shall be a general obligation of the City.!'and the full faith, credit and resources of the City are hereby irrevocably pledged for the payment l2I

45Iof the principal MJNUiTrEt BQOK:eNo. ~GlTsYfQEtQXliQliiDidi~.iWMER'D

46r=MWU;J{ij; ~PQ~ tig·b~~

47MINUTE BO(l)KIHoo&a;rCITY OF OXFORDDEMENT·MERIDIAN 61-0226THE SALE, ASSIGNMENT, REPLACEMENT OR TRANSFEROF nns NOTE IS SUBJECT TO THE RESTRICTIONS IMPOSEDTHEREON BY THE WITHIN MENTIONED RESOLUTIONIRegisteredNo. R-JUNITED STATES OF AMERICACITY OF OXFORD, MISSISSIPPIGENERAL OBLIGATION REFUNDING NOTE,SERIES 2012$211,000The City of Oxi(lrd, l'vlississippi (the "City") for value received, hereby promises to payto Regions Bank. as registered holder hereof, or its legal representatives or registered assigns ashereinafter provided (the "Registered Holder") at the times and in the amount set forth below, theprincipal sum orITWO HUNDRED ELEVEN THOUSAND DOLLARSin any coin or currency of the United States of America which, on the date of payment thereof islegal tender for the payment of public and private debts, and to pay in like coin or currency,interest thereon li-llfll and including the date hereof at the rate of 1.55% per annum payable onDecember 1, commencing December I, 2012. Interest will be payable by check or draft ofRegions Bank, Oxfi)rd, Mississippi (the "Paying and Transfer Agent") made payable to theRegistered Holder of this Note as of the close of business on the date which shall be the fifteenth(15th) day (whether or not a business day) preceding such interest payment date and named inand mailed to the address appearing on the registration books of the City held and maintained bythe Paying and Transfer Agent. Interest on this Note will be computed on the basis of a 360-dayyear consisting of twelve (12) thirty (30) day months. Principal of the Note will be payable atthe principal corporate trust office of the Paying and Transfer Agent on December I, 2012 andDecember 1,2013.This Note is issued pursuant to the authority of and in full compliance with Sections31-15-1 el seq., f'vlississippi Code of 1972, as amended (the "Act") and a resolution duly adoptedby the Mayor and Board of Aldermen of the City on May 15,2012 (the "Resolution"). This Noteis subject to all terms and conditions of the Resolution. Terms not otherwise defined herein shal!have the same meanings ascribed to them in the Resolution.This Note is issued to refund the outstanding amount of the City'S $675,000 (originalprincipal amoulH) General Obligation Note, Series 2012.This Note shall be a general obligation of the City and shall be secured by a pledge of thefull faith, credit and resources of the City.This Note wil! not be subject to redemption prior to its maturity.5I

I--I48~WYJ~r§g~~l~!ppr~apaISI!Xntgeft 9lfQ~RaII Ijl"~'~!¥l~M~¥6Sunday. legal holiday or a day on which banking institutions in the City are authorized b\ law orexecutive order to close. then the date for such payment shall be the next succeeding day \\bichis not a Saturday. Sunday. legal holiday or a day on \\hich such hanking institutions areauthorized to close. and payment on such day shall have the same force and effect as if ll1aue Oilthe normal day of payment. !IIThis Note may be transferred or exchanged by the Registered I Iolder hereof in person 0 •by his attorney duly authorized in writing at the principal office of the Paving and TransfeAgent. but only in the manner. subject to the limitations in the Resolution.

49This is the Note described in the within mentioned Resolution of the Mayor and Board ofAldermen of the City of Oxford, Mississippi.REGIONS BANK, as Paying andTransfer AgentIDate of Registration and Authentication: ___________ _By ________________________ ___Authorized SignatorySTATE OF MISSISSIPPICOUNTY OF LAFAYETTEREGISTRATION CERTIFICATEL the undersigned City Clerk of the City of Oxford, Mississippi, do hereby certify that thewithin Note has been registered as an obligation of said City pursuant to law in a record kept inmy olrice for thal purpose.(SEAL)City Clerk of the City of Oxford,MississippiASSIGNMENTIFOR VALUE RECEIVED, the undersigned sells, assIgns and transfers unto(Name and Address of Assignee)the within Note and does hereby irrevocably constitute and appoint-c---------c----- as registrar and transfer agent to transfer the within Note on therecords kept for regislration thereof with full power of substitution in the premises.7I

50MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-226SIgnature guaranteed:(Bank, Trust Company or Paying Agent)(Authorized OfficerDate of Assignment: _________ _Insert Social Security Number or other TaxIdentification Number of AssigneeNOTICE: The signature to thisAssignment must correspond \\'ith the:name of the registered holder as it appearslupon the face of the within Note in every:particular, without any alteration whatever,'and must be guaranteed by a Cllllllnercialbank or trust company or a member of 'national securities exchange \vlro ismember of a Medallion SignaturGuarantee Program.I[END OF FORM OF NOTEISECTION 10. Subject to the restrictions contained herein. the regi:;tratic'll of the Notemay be transferred upon the Registration Books upon delivery to the Paving and Transfer Agent.!accompanied by a written instrument or instruments of transfer in form and "ith guaranty 01:signatures satisfactory to the Paying and Transfer Agent, duly executed by the registered holder,of the Note or by his attorney-in-fact or legal representative, containing written instructi"ns as to',the detail of transfer of the Note, along with the social security number or federal employefidentification number of such transferee. In all cases of a transfer of the Note. the Pa\'ing andTransfer Agent shall at the earliest practical time according to the provisions of this resolution,enter the transfer of ownership in the Registration Books and shall deli\'er in the name of theltransferee a new fully registered note identical to the Note. The City may charge the registeredlholder of the Note for the registration of every such transfer of the Note suftlcient to reimburse itfor any tax. fee or any other governmental charge required (other than by the City) to he paidwith respect to the registration of such transfer, and may require that stich amounts be pai9before any new such Note shall be delivered. 'II, IThe Note may only be transferred upon compliance by the registered holder of the Not~!with the terms and provisions of this resolution. specifically, the registered holder of the Note lmust obtain from the purchaser or transferee thereof. and deliver to the City on or before thiclosing date thereof, a document satisfactory to the City to the effect that:(a) such purchaser is purchasing the Note for its own account for the pllrpo:;e ofinvestment and not with a view towards distribution or resale;(b) such purchaser has knowledge and experience in financial matters and is capabldof evaluating the merits and risk of purchasing the Note;II(c)such purchaser has read and fully understands this resolution;8I

(d)sMjNUTsErSQO~ltJo.m&;i~ GLJ;YnQFs rQXIaQRQe q\;);EWLERIDIAN"~"6e men[sand risks of its purchase of the Note;51I(e) such purchaser recognizes that Baker, Donelson, Bearman, Caldwell &Berkowitz, PC ("Special Counsel") is not responsible for any information contained in oromitted hom materials regarding the City and the Note, this resolution and the Note andacknowledges that it does not look to Special Counsel to obtain such information on its behalf;and(t) while it has no present intention to resell or otherwise dispose of all or any part ofthe Note purchased by it, such purchaser assumes responsibility for disclosing all materialinformation in compliance with all applicable federal and state securities laws in the event of itsresale or transfer of the Note.The above limitation shall not prohibit the Purchaser from selling or transferring up tofour (-I) participation interests in the Note to other national or state banks or similar institutionsprovided that the holders of such participation interests shall provide a document similar to theone set forth above satisfactory to the City and Special Counsel, and such holders shall have noright to sell or transfer their participation interests without prior approval of the City except tothe Purchaser.If the date for payment of the principal of and interest on the Note shall be a Saturday,Sunday, legal holiday or a day on which banking institutions in the City are authorized by law orexecutive order to close, then the date for such payment shall be the next succeeding day whichis not a SatLlrday, Sunday, legal holiday or a day on which such banking institutions areauthorized to close, and payment on such day shall have the same force and effect as if made onthe normal day of payment.ISECTION 11. (a) So long as the Note shall remain outstanding, the City shallmaintain with the Paying and Transfer Agent records for the registration and transfer of the Note.The Paying and i"ranster Agent is hereby appointed registrar for the Note, in which capacity thePaying and Transfer Agent shall register in such records and permit to be transferred thereon,under such reasonable regulations as may be prescribed, any Note entitled to registration ortransler.(b) The City shall payor reimburse the Paying and Transfer Agent for reasonable feesfor the perfi)rmance of the services normally rendered and the incurring of normal expensesreasonably and necessarily paid as are customarily paid to paying agents, transfer agents andnote registrars, subject to agreement between the City and the Paying and Transfer Agent. Feesand reimbursements for extraordinary services and expenses, so long as not occasioned by thenegligence, misconduct or willful default of the Paying and Transfer Agent, shall be made by theCity on a case-by-case basis, subject, where not prevented by emergency or other exigentcircumstances, to the prior written approval of the Governing Body.(c) (1) A Paying and Transfer Agent may at any time resign and be discharged ofils duties and obligations as Paying and Transfer Agent, by giving at least sixty (60) days9I

~II~",52M~VoT£t~Q9~J~q~Y~~P~I~tt~~9JinR~IiQ!U? Age~f'!l~'m't~re1"by resolution of the Governing Body delivered to the Paying and Transfer Agent. Th~1resolution shall specify the date on which such removal shall take effect and the name'and address of the successor Paying and Transfer Agent and shall be transmitted to thePaying and Transfer Agent being removed within a reasonable time prior tn the effectivedate thereof: provided, however, that lIO resignation or removal of a Paving and TransferAgent shall become effective until a successor Paying and Transfer Agent has beenappointed pursuant to this resolution.I(2) Upon receiving notice of the resignation of the Paying and Transfer Agent. Ithe City shall promptly appoint a successor Paying and Transfer Agent I" resolution ofithe Governing Body. Any appointment of a successor Paying and rransf~r Agent shall'become effective upon acceptance of appointment by the successor Paving and TransferAgent. If no Sllccessor Paying and Transfer Agent shall have been so appointed and haveaccepted appointment within thirty (30) days after the notice of resignation. the resigning'Paying and Transfer Agent may petition any court of competent jurisdiction for the'appointment of a successor Paying and Transfer Agent, which court Illay thereupon. aftersuch notice as it may deem appropriate, appoint a successor Paying and Transfer Agent.(3) In the event of a change of Paying and Transfer Agents. the predecessorPaying and Transfer Agent shall cease to be custodian of any funds held pursuant to this!resolution in connection with its role as such Paying and Transfer Agent. and the:successor Paying and Transfer Agent shall become such custodian: provided. however,.that before any such delivery is required to be made, all reasonable fees. advances and'expenses of the retiring or removed Paying and Transfer Agent shall be fullv paid. EYery'predecessor Paying and Transfer Agent shall deliver to its successor Pa\ing and TransferAgent all books of account, registration records and all other records. d()culllents andinstruments relating to its duties as such Paying and Transfer Agent.(4) Any successor Paying and Transfer Agent appointed under the pro\lslonshereof shall be a bank, trust company or national banking association ha\ing FederalDeposit Insurance Corporation insurance of its accounts, duly authorized to exercise:corporate trust powers and subject to examination by and in good stmlding with the:federal and/or state regulatory authorities under the jurisdiction of\,,!rich it I"lls. !:1(5) Every successor Paying and Transfer Agent appointed hereunder shall IIexecute, acknowledge and deliver to its predecessor Paying and Transfer Agent and to the.City an instrument in "Titing accepting such appointment hereunder. and thereupon suchsuccessor Paying and Transfer Agent, without any further act, shall become fully \estedwith all the rights, immunities and powers, and be subject to all the duties andobligations, of its predecessor.I(6) Should any transfer, assignment or instrument in writing be required hy anylsuccessor Paying and Transfer Agent from the City to more fully and certainlv vest in,such successor Paying and Transfer Agent the estates, rights, powers and duties herebylvested or intended to be vested in the predecessor Paying and Transfer Agent any suchI10I

I ~transfer, MlNUTrE BOQK:~Oiu63,nCI);M, air ~PR[lxecDli~~r\t"'ERIDIAN"02". .53(7) The City will provide any successor Paying and Transfer Agent with certifiedcopies of all resolutions, orders and other proceedings adopted by the Governing Bodyrelating to the Note.II(8) All duties and obligations imposed hereby on a Paying and Transfer Agent orsuccessor Paying and Transfer Agent shall terminate upon the accomplishment of allduties, obligations and responsibilities imposed by law or required to be performed bythis resolution.(d) A.ny corporation or aSSOCIallon into which a Paying and Transfer Agent may beconverted or merged, or with which it may be consolidated or to which it may sell or transfer itsassets as a whole or substantially as a whole, or any corporation or association resulting from anysuch conversion, sale, merger, consolidation or transfer to which it is a party, shall be andbecome successor Paying and Transfer Agent hereunder and vested with all the powers,discretions, immunities, privileges and all other matters as was its predecessor, without theexecution or tiling of any instrument or any further act, deed or conveyance on the part of eitherthe City or the successor Paying and Transfer Agent, anything herein to the contrarynotwithstanding, provided only that such successor Paying and Transfer Agent shall besatistactory to the City and eligible under the provisions of Section II(c)(4) hereof.SECTION 12. In case the Note shall become mutilated or be stolen, destroyed or lost,the City shall, if not then prohibited by law, cause to be delivered a new Note of like date,number, maturity and tenor in exchange and substitution for and upon cancellation of suchmutilated Note, or in lieu of and in substitution for such Note stolen, destroyed or lost, upon theregistered holder's paying the reasonable expenses and charges of the City in connectiontherewith, and in case of a Note stolen, destroyed or lost, his filing with the City or Paying andTransfer Agent e\idence satisfactory to it or them that such Note was stolen, destroyed or lost,and of his ownership thereof, and furnishing the City or Paying and Transfer Agent with suchsecurity or indemnity as may be required by law and by them to save each of them harmless fromall risks. hO\\evcr remote.SECTION 13. The Note shall be prepared and executed as soon as may be practicableafter the adoption of this resolution and shall be delivered thereafter to the Purchaser.SECTION 14. If (a) the City shall payor cause to be paid to the holder of the Note theprincipal of. and interest to become due thereon at the times and in the manner stipulated thereinand herein, (b) all reasonable fees and expenses of the Paying and Transfer Agent shall havebeen paid, and (c) the City shall have kept, performed and observed all and singular thecovenants and promises in the Note and in this resolution expressed as to be kept, perfornled andobserved by it or on its part, then the Note shall cease to be entitled to any lien, benefit orsecurity under this resolution and shall no longer be deemed to be outstanding hereunder.SECTION 15. The person in whose name the Note shall be registered in the records ofthe City kept and maintained by the Paying and Transfer Agent may be deemed the absolute11I

54holderMJ~TiJ}~sQ,I~J1Rrna~M9tIYccgIJ~~fgi~HLm ~f'mt6/HeC======CYNTo"'jt"Ce~s:':lh':ca:-rI'1 De-lnade only toOl' tlponthe order of the registered holder thereof. or his legarepresentative, but such registration may be changed as herein provided. All slich payments shalbe valid and effectual to satisfy and discharge the liability upon the Note to the extent of the sunrns=so~d.'SECTION 16. (a) The City shall maintain with a qualified depository thereof a fund (thl"Series 2012 Note Fund") in its name for the payment of the principal of and interest Oil the Noteand the payment of the Paying and Transfer Agent's fees in connection there\\ith. rhere shall bedeposited into the Series 2012 Note Fund as and when received:I(I) the avails of any of the ad valorem taxes levied and collected pursuant toSection 2 hereof; ,Fund; and(2) any income received from investment of monies in the Series 20 I 2 Not~(3) any other funds available to the City which may be lawfully used fo~payment of the principal of and interest on the Note, and which the O(l\erning Body. it).its discretion, may direct to be deposited into the Series 2012 Note Fund.'(b) As long as any principal of and interest on the Note remains outstanding. the Clerk ishereby irrevocably authorized and directed to withdraw from the Series 2012 Note Fundsunicient monies to make the payments herein provided for and to transfer same to the accountof the Paying and Transfer Agent in time to reach said Paying and Transfer Agent at least one ( I)!business day prior to the date on which said principal and interest shall become due.'IIISECTION 17. The pnnclpal proceeds receIved upon the sale of the Note shall hl'deposited with a qualified depositrny ofthe City in a special fund. hereby created. in the name o.the City designated the "Series 20 I 2 Note Refunding Fund" from which there shall be paid hy:the Clerk all expenses, premiums, fees and commissions incurred and deemed necessary 0advantageous in connection with the authorization, sale, issuance and deliven' of the Note. wit~;the remainder being used by the City for the payment of the principal of and interest on the Prio~1Note upon the redemption thereof. I!I"SECTION 18. The City covenants to comply with each requirement of the Internal!Revenue Code of 1986, as amended (the "Code"). necessary to maintain the exclusion of intereston the Note from gross income for federal income tax purposes, and in furtherance thereof. to,comply with a certificate of the City to be executed and delivered concurrently with the issuanceland delivery of the Note. or such other covenants as may. from time to time. be required to he~'complied with in order to maintain the exclusion of interest on the Note from gross income fo'federal income tax purposes. Notwithstanding any other provisions to the contrary. so long a~necessary in order to maintain the exclusion of interest on the Note from gross income fur federal,income iax purposes under the Code, the covenants contained in this Section shall sUI\'i"e th~payment of the Note and the interest thereon.ISECTION 19. The Governing Body hereby designates the Note as a "qu"lificd taxexempt obligation" for purposes of Section 265(b)(3) of the Code The City (including anv12I

II, ...55subordi natee y expec 0issue, taX exempt obligations within calendar year 2012 which, together with the Note, willexceed $10,000,000.ISECTION 20. Each member of the Governing Body, the Mayor and the Clerk arehereby authorized to execute such documents, instruments and papers, and do such acts andthings as may be necessary or advisable in connection with the authorization, sale, preparation,execution, issuance and delivery of the Note.SECTION 21. The decisions and determinations made by the Mayor and the Clerkrelating to the Note, and the actions taken by them in connection with the Note are herebyapproved and ratilied by the Governing Body.SECTION 22. Except as otherwise expressly provided herein, nothing in this resolution,express or implied, is intended or shall be construed to confer upon any person or firm orcorporation other than the City, the holder of the Note issued under the provisions of thisresolution, the Governing Body and the Paying and Transfer Agent, any right, remedy, or claim,legal or equitable, under and by reason of this resolution or any of the provisions hereof. Thisresolution, and all of its provisions are intended to be and shall be for the sole and exclusivebendit e)f the City, the Governing Body and the holder from time to time of the Note issuedunder the provisions of this resolution.ISECTION 23. All covenants, stipulations, obligations and agreements of the Citycontained in this resolution, shall be binding upon the City, and, except as otherwise provided inthis resolution, all rights, powers and privileges conferred and duties and liabilities imposed uponthe City by the provisions of this resolution, shall be exercised or performed by the City. Nostipulation, obligation or agreement herein contained or any other document necessary toconclude the sale and issuance of the Note shall be deemed to be a stipulation, obligation oragreement of any ofticer, agent or employee of the City, including the Governing Body, in his orher individual capacity, and no such officer, agent or employee shall be personally liable on theNote or be subject to personal liability or accountability by reason of the sale and issuancethereol.SECTION 24. Regions Bank tS hereby appointed Paying and Transfer Agent 111connection with the Note.SECTION 25. If anyone or more of the provlStons of this resolution shall for anyreason be held to be illegal or invalid, snch illegality or invalidity shall not affect any of the otherprovisions of this resolution, but this resolution shaH be construed and enforced as if such illegalor invalid pmv'ision or provisions had not been contained herein .. .l.lderman Antonow seconded the motion to adopt the foregoing resolution,and the question being put to a roll call vote, the result was as follows:Aldennan Ney Williams voted:Alderman E.O. Oliver voted:Alderwoman Janice Antonow voted:AYEAYEAYE13I

561----Alderman Preston E. Taylor voted:Alderman Jason Bailey voted:Alderman John Morgan voted:AYEAYEAYEORODEMENT-MERIDIAN 61-226IThe motion having received the affirmative vote of a majority of the memhers of th~Governing Body present being a quorum of said Governing Body, the M8yor declared th~motion carried and the resolution adopted this 1St!, day of May, 2012.I10984242902914.2III14I

MINUTE BOOK No. 63, CITY OF OXFORDDEMENT·MERIDIAN 61·0226--I57IEXHIBIT APRIVATE PLACEMENT AGREEMENTII

58MINUTE BOOK No. 63, CITY OF OXFORDDeMeN,Me"''''",'''6PRIVATltl'LACFJVIEN IAGREEME'1\N:VT~~~=~====='iREGARDING THEI ,$211,000CITY OF OXFORD, MISSISSIPPIGENERAL OBLIGATION REFUNDING NOTE,SERIES 2012May ___ ,2012IMayor and Board of AldermenCity of Oxford, MississippiOxford, MississippiLadies and Gentlemen:The undersigned, Regions Bank (the "Purchaser"), being duly authorized, (.ffers to enterinto this Private Placement Agreement (this "Agreement") with the City of Oxfc)rd, ~Iississippi'(the "City"), acting by and through the Mayor and Board of Alclerll1en of the Cit, (the"Governing Body"), which, upon acceptance of this offer, will be binding upon the Citv an~upon the Purchaser. The offer is made subject to the written acceptance of this Agreement on 01before 5:00 o'clock p_m_, Mississippi time, on the date hereof and, if not so accepted, \\ill b'1subject to withdrawal by the Purchaser upon written notice delivered by the Purchaser to the Cityat any time prior to the acceptance hereof1_ (a) Upon the terms and conditions and upon the hasis of therepresentations, warranties and agreements set forth herein, the Purchaser hereby agreesto purchase from the City and the City hereby agrees to sell and deliver to the Purchaserthe $211,000 City o. f Oxford, Mississippi General Obligation Note, Series 2012 (thl'"Series 2012 Note"), dated the date of its delivery, and payable on December J _ 2012 and ion December 1, 2013_ The Series 2012 Note is more particulmly descrihed in thresolution concerning the Series 2012 Note adopted by the Go,erning Hoch "n I\\a, 15,2012 (the "Resolution")_ The purchase price for the Series 2012 Note shall I'e equal to!100% of the principal amount thereof (the "Purchase Price")_ The Seli':s 2012 Note shallbear interest at the rate of 1_55% per annum, computed on the basis of a 3(i0-day 'ear Ofltwelve (12) thirty (30) day months_I(b) All capitalized terms used and not defined herein sllall haw the meanings,ascribed to them in the Resolution_(c) The Series 2012 Note will constitute a general obligation of the City,secured by a pledge of the full faith, credit and resources of the City_ as provided in theResolution_,I

I~59lime (lhe "Act") and the Resolution.. (e) Interest on thefederal income tax purposesMississippi (the "State").Series 2012 Note is excludable from gross income forand exempt from all income taxation in the State ofIThe City represents and warrants to, and agrees with the Purchaser that:(a) The City is a body politic and a political subdivision of the State with fulllegal right, power and authority to: (a) execute, deliver and perfonn this Agreement; (b)apprllve lhe issuance, sale and delivery of the Series 2012 Note to the Purchaser asprmided herein; and (c) carry out and consummate the transactions contemplated by thisAgreement.(h) The Governing Body, on behalf of the City, has full legal right, power andauthority to enter into or accept this Agreement, to adopt the Resolution, to sell, issue anddeli\er the Series 2012 Note to the Purchaser as provided herein and to carry out andconsummate all other transactions contemplated by this Agreement, the Series 2012 Noteand the Resolution.(c) By official action of the Governing Body prior to or concurrently with theacceptance hereot: the Governing Body has duly adopted the Resolution, has dulyauthorized and approved the execution and delivery of or acceptance of, and theperformance by the City of the obligations of the City contained in the Resolution, theSeries 2012 Note and this Agreement and the consummation by it of all other transactionscontemplated by this Agreement.I(d) Neither the City nor the Governing Body is in breach of or default underany applicable law or administrative regulation of the State or the United States ofAmerica ur any applicable judgment or decree or any agreement or other instrument to\\hieh either the City or the Governing Body is a party or is otherwise subject, whichbreach ur default would in any way materially adversely affect the official existence orpowers of the City or the Governing Body, the Resolution or the issuance of the Series2012 Note, and no event has occurred and is continuing, which with the passage of timeor the giving of notice, or both, would constitute such a breach of or default under anysuch instrument; and the execution and delivery of or acceptance of this Agreement andthe Series 2012 Note and the adoption of the Resolution and compliance with theprovisions of each thereof will not contlict with or constitute a breach of or default underany law, administrative regulation, judgment, decree, agreement or other instrument towhich either the City or the Governing Body is a party or is otherwise subject.(e) No summons or complaint or any other notice or document has beenserved upon or delivered to the City or the Governing Body or any of their respectiveotlicers or employees relating to any litigation, and there is no action, suit, proceeding,inquiry or investigation, at law or in equity, before or by any court, public board or body,2I

~I60~tftMJI~o QAQ ~~gcfg~~th~l'{r gfa5~e~fnOOJ6hreJmID1!d"!!~~lr~The City or the Governing Body, affecting the existence of the Citv or the G()\erninBody, the titles of their officers to their respective offices or seeking to prohibit. restrai -_or enjoin the sale, issnance or delivery of the Series 2012 Note or in any \\ay contestinor affecting the validity or enforceability of the Series 2012 Note, the Resolution or thisAgreement, contesting the tax exempt status of the Series 2012 Note or contesting in anyway the powers of the City or the Governing Body or any authoritv for the issuance ofthe Series 2012 Note, the adoption of the Resolution or the execution or acc~rtance ofthis Agreement, or the performance by the City and Gowrning Bodv thereunder, nor i~there any controversy or litigation pending or threatened, nor, to the best of thknowledge of the City and the Governing Body, is there any basis th~ref()r, \\ herein a',unfavorable decision, ruling or finding would materially adversely affect the validitv o~enforceability of the Series 2012 Note, the Resolution or this Agreement m the ta.exempt status of the Series 2012 Note. :(f) The proceeds received by the City from the sale of the Series 2012 Notewill be used and applied as is provided in the Resolution. :(g) The City shall maintain the exemption of the Series 2012 Note and interesjthereon from gross income for federal income tax purposes and from all income taxatiol.by the City. Notwithstanding any other provisions to the contrary, so lPlrg as is necessar ,in order to maintain such exemption of the Series 2012 Note and interest thereon frO! -said taxes, the covenants contained in this subsection shall sunive the payment of thSeries 2012 Note and the interest thereon, including any payment or defeasance thereof. '3. At or prior to 9:00 o'clock a.m., Mississippi time, on May_ .2012 (the "ClosingDate"), at City Hall, in the City of Oxford, Mississippi, or at such other place. time PI' date asshall be mutually agreed upon by the City and the Purchaser, the City will deliver the Serie~2012 Note to the Purchaser in definitive form, duly executed an.d authenticated as provided in th~Resolution, and, subject to the terms and conditions hereof. the Purchaser \ViII accept sueldeli very and pay the Purchase Price of the Series 2012 Note as set forth in Paragraph I hereo f bjwire transfer of immediately available federal funds to the order of the City as directed hy thCity Clerk of the City (the "City Clerk"); provided, however, that. notvvithslandillg any ntlre iprovision of this Agreement, the Purchaser shall have no obligation to purchase the Series 20 INote if the Closing Date is a date after July 31,2012. The Series 2012 Note will he delivered i~fully registered form in the amount of $211 ,000 and registered to the Purc haser. The Series 2012Note may be in printed, engraved, typewritten or photocopied form and each such form shall,constitute "definitive form." As provided in the Resolution, the Series 2012 Note shall b1payable both as to principal and interest to the Purchaser, in lawful money of the United States 0America by Regions Bank, as paying and transfer agent for the Series 2012 Note.I4. The Purchaser has entered into this Agreement in reliance upon th~representations, warranties and agreements of the City and the Governing Body contained herei~and in the Resolution and to be contained in the documents ane! instruments to be delivered onthe Closing Date and upon the performance by the City and the Governing l~odv of theirrespecti\ e obligations hereunder, both as of the date hereof and as of the Closing Date.,A"""", gl •. ,h, p"" I.",', p b h g ,,',,'" ""d" ':" Ag,,,m,," '" P" "h"" "ml I". r p, "" S" i'1III

61or prior to the Closing Date, and shall also be subject to the following conditions:(a) The representations and waHanties of the City and the Governing Bodycontained herein and in the Resolution shall be true, complete and correct as of the datehereof, and on and as of the Closing Date with the same effect as if made on the ClosingDate.I(b) On the Closing Date, the Resolution shall be in full force and effect, andshall not have been amended, modified or supplemented, except as may have been agreedto in writing by the Purchaser.(c) On the Closing Date, all official action of the City and the GoverningBod) relating to this Agreement, the Series 2012 Note and the Resolution shall be in fullforce and elfect and shall not have been amended, modified or supplemented, except asmay have been agreed to in writing by the Purchaser.(dl Subsequent to the date hereof and prior to the Closing Date, the City shallnot have failed to pay principal or interest when due on any of the City's obligations formoney borrowed wherein such failure, if any, would have a material adverse impact onits ability to perform in accordance with this Agreement, the Series 2012 Note or theResolution.(e) At or prior to the Closing Date, the Purchaser shall have recei ved each ofthe following documents:I(i) A copy of the Resolution certified as of the Closing Date by theCity Clerk as having been duly adopted by the Governing Body and as being ineffec!' only with such amendments, modifications and supplements as may havebeen agreed to by the Purchaser;(ii) A certified copy of a transcript of all proceedings taken by theGoverning Body relating to the authorization and issuance of the Series 2012Note and the execution and delivery of this Agreement; and(iii) Such additional legal opinions, certificates, instruments and otherdocuments as the Purchaser may reasonably request to evidence the truth andaccuracy, as of the date hereof and as of the Closing Date, of the representationsand vvarranties contained herein and in the Resolution, and the due performanceor satisfaction by the City and the Governing Body at or prior to the Closing Dateoj" all agreements then to be performed and all the conditions then to be satisfiedby the City and the Governing Body.All the opinions, letters, certificates, instruments and other documents mentioned aboveor else" here in this Agreement shall be deemed to be in compliance with the provisions hereofbut only if they are delivered to the Purchaser in form and substance reasonably satisfactory tothe Purchaser.4I

62WlW ~Pin~Qq~e~i~g ~o~t, YnIIXd qFth,q~F91;;tqlet9'M~sf~tA'lhe6--------------------- --- 1conditions to the obligations of the Purchaser contained in this Agreement (unless the Purchaser;waives andlor consents in ,'Titing, in either case, to the inability to satisfy such conditjons). or jf:such obligations of the Purchaser shall be terminated for any reason permitted In- thisAgreement this Agreement shall terminate and neither the Purchaser. nor the Cit\ and theGoverning Body shall be under further obligation hereunder.5. All expenses incident to the performance of the obligations of the City and the,Governing Body hereunder including but not limited to: (a) the cost of the preparation andprinting of the definitive Series 2012 Note; (b) the fees and disbursements of the experts.financial advisors, legal counsel or consultants retained by the City: and (e) the cost of thepreparation of this Agreement, shall be paid by the City.I6. The Series 2012 Note shall be purchased by the Purchaser for purposes 011investment only and not with any intent to ofTer, sell, resell or otherwise distribute the Series2012 Note or any portion thereof or interest therein; provided, however. that the Series 2012·Note may be transferred upon compliance by the Purchaser with the terms and provisions of thelResolution (collectively, the "Purchaser's Investment Obligation").I7. Prior to or on the Closing Date, the Purchaser shall execute and deliver anInvestment Letter of Purchaser (the "Investment Letter"). requiring. anHlng other things.compliance with the Purchaser's Investment Obligation arising from the I'urclwser's purchase of:the Series 2012 Note. A copy of the Investment Letter is attached hereto as E~hihit A If the!Purchaser fails to execute and deliver the Investment Letter satisfactory to the City prj,,!" to or onthe Closing Date, the City may rescind this Agreement by giving written notice of suchrescission to the Purchaser at the address provided in Paragraph 9 herein.8. The Purchaser may terminate its obligations hereunder by writt"n notice to the:Governing Body if, at any time subsequent to the date hereof and on or prior to the Closing Date: II(a) In the judgment of the Purchaser, any litigation shall be instituted pending!or threatened to restrain or enjoin the issuance of the Series 2012 Note or in anv way!contesting or affecting any authority or security for or the validity of the Series 2012 INote, or the existence or powers of the Governing Body;(b) There shall have occurred any change that, in the reas(lnable judgment 0 I'the Purchaser, makes unreasonable or unreliable allY of the assumptions upon which (il'payment of debt service on the Series 2012 Note, or (ii) the basis for the exclusion ofinterest on the Series 2012 Note from gross income for federal income tax purposes. is'predicated;(c) There shall have occurred any material change in tlte business or affairs 0 :the City which, in the reasonable judgment of the Purchaser. material Iv adwrseh' affects',the investment quality of the Series 2012 Note;(d) Any legislation, ordinance, rule or regulation shall t·e enacted or belactively considered for enactment by any governmental body. department or agency ofthe City, or a decision by any court of competent jurisdiction within the Citv shall be5I

endere~NUTrEhBQGKINciM63~tGlT~r£lFer,QXiiQfU)adv~~~ERIDIAN6'0226" , , .,o .,(e) A stop order, ruling, regulation or official statement by or on behalf of theOffice of Secretary of City of the City shall be issued or made to the effect that theiSSUance of the Series 2012 Note, or of obligations of the general character of the Series2012 Note as contemplated hereby, is a violation of any provisions of the Blue Sky lawsolthe City; or63I(I) There shall have occurred any outbreak or material escalation of hostilitiesor other calamity or crisis, the effect of which on the financial markets of the UnitedStales of America is such as to make it, in the reasonable opinion of the Purchaser,impractical to purchase the Series 2012 "Iote.9. Any notice or other communication to be given to the City and the GoverningBody under this Agreement may be given by delivering the same in writing at the City's addressset forth above and any notice or other communication to be given to the Purchaser under thisAgreement may be given by delivering the same in writing to Regions Bank, 158 CourthouseSquare, Oxfr>rd, Mississippi 38655.10. This Agreement is made solely for the benefit of the City and the Purchaser(including the successors or assigns of the Purchaser), and no other person shall acquire or haveany right hereunder or by virtue hereof. All the representations, warranties and agreements ofthe City and the Purchaser contained in this Agreement shall remain operative and in full forceand effect, regardless of (a) any investigation made by or on behalf of the Purchaser and the City;(b) delivery of any payment for the Series 2012 Note hereunder; and (c) any termination of thisAgreeme.ll.III. If any provision of this Agreement shall for any reason be held to be invalid orunenforceable, the invalidity or unenforceability of such provision shall not affect any of theremaining provisions of this Agreement and this Agreement shall be construed and in force as ifsuch invalid or unenforceable provision had not been contained herein.12. This Agreement shall be governed by, and construed in accordance with, the lawsof the City. This Agreement shall become effective upon the execution of the acceptance hereofby duly authorized officers of the City and shall be valid and enforceable as of the time of suchacceptance.]3. This Agreement may be executed in several counterparts, each of which shall bedeemed an original and all of which together shall constitute one and the same instrument.H. This Agreement, when accepted by the City in writing as heretofore specified,shall constitute the entire agreement among the parties hereto with respect to the offer and sale ofI the Series 2012 Note and the transactions related thereto, as set forth herein.If you agree with the foregoing, please sign this Private Placement Agreement in thespace provided below and return one copy so executed to each of the Purchaser and the City,6I

64wherebMt~I~ ~gQ~~~e§~h~~~TYbegfe Q~B~Qe1l1eI1JM!N'l_JgNlbl!'Purchaser and the City. ------ - .. -IVery truly yours. !REGIONS BANKBy~~~~ ___ _TitleIACCEPTED:This day of May. 2012.CITY OF OXFORD, MISSISSIPPIBy _~~~~~~~~~_MayorI0990!529029148I7I

65MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0226INVESTMENT LETTER OF PURCHASERThe undersigned, Regions Bank (the "Purchaser"), hereby certifies and acknowledgesthat in connection with the purchase by it of the $211,000 City of Oxford, Mississippi GeneralObligation Note, Series 2012 (the "Series 2012 Note") that:II. The Purchaser has received a copy of the resolution adopted by the Mayor andBoard of Aldermen (the "Governing Body") of the City of Oxford, Mississippi (the "City") onMay 15,2012, related to the sale, issuance, execution and delivery of the Series 2012 Note (the"Resolution"), and the Resolution is in form and substance satisfactory to the Purchaser and hasbeen read and fully nnderstood by it.7 The Purchaser has conducted its own investigations, to the extent it deemssatisfactory or sufficient, into matters relating to the business, properties, management, andfinancial position and results of operations of the City in connection with the issuance by theCity orthe Series 2012 Note; it has received such information concerning the City as it deems tobe necessary in connection with its purchase of the Series 2012 Note and the payment of theSeries 2012 Note by the City; and during the course of this transaction and prior to the purchaseof the Series 2012 Note it has been provided with the opportunity to ask questions of and receiveanswers tj'OI11 representatives of the City and the Governing Body concerning the terms andconditions of the offering of the Series 2012 Note, and to obtain any additional informationneeded in order to verify the accuracy ofthe information obtained.3. The Purchaser has suftlcient knowledge and experience in financial and businessmatters, including purchase and ownership of taxable and tax exempt municipal and otherobligations, 10 be able to evaluate the risks and merits of the investment represented by thepurchase of Ihe Series 2012 Note.I-I. The Purchaser is aware that certain economic and political variables could affectIhe security of ils investment in the Series 2012 Note and the Purchaser is able to bear theeconolllic risks of such investment.5. The Purchaser acknowledges and represents that it has not sought from Baker,Donelson, Bearman, Caldwell & Berkowitz, PC ("Special Counsel") or received from SpecialCounsel, or looked or relied upon Special Counsel for any information with respect to the City orits financial condition.6. The Purchaser is a "bank" as defined in Section 3(a)(2) of the Securities Act of1933, as amended ("Section 3(a)(2)").7. Except as provided in paragraph 9 hereof: the Purchaser hereby certifies that it ispurchasing the Series 2012 Note for its own account for the purpose of investment and not forresale al a profit, and it has no present intention of reselling or otherwise redistributing the Series]012 Note. The Purchaser and all subsequent holders of the Series 2012 Note will not sell theA-II

~,66Series MlNYtrlic~tglQ~h~~aJi~~. 5tJIYin9fctjQ~~HJIRo \\ill'~te6-1m1Investment Letter m form and substance IdentIcal to thIs Investment Letter and acceptable to thd;City that certifies that it is purchasing the Series 2012 Note for its own account and not foriresale, and will not sell, convey, pledge or otherwise transfer the Series 2012 Note without prio~compliance with applicable registration and disclosure requirements of state and federalsecurities laws.8. The Purchaser acknowledges that it has, under the Resolution. a limited right to,sell or transfer up to four (4) participation interests in the Series 2012 Note to banks (as definedlin Section 3(a)(2)) provided that the holders of such participation interests shall pro,"ide anIm"estment Letter similar to the one set forth above satisfactory to the Gm"erning Hodv and sllchholders shall have no right to sell or transfer their participation interests without prio)" appn)\al 0the Governing Body except to the Purchaser.IIN WITNESS WHEREOF, Regions Bank has hereunto set its hand as of thisof May. 2012.ria,REGIONS BANKByTitleIA-2I

967MINUTE BOOK No. 63, CITY OF OXFORDDEMENT MERIDIAN 61 0226REDISTRICTINGCOMMITTEE:The redistricting committee will meet next week.,I2 12 Redistricting Committeeo ~Ia ChaneyMayor PattersonC ~. ShorterNey WilliamsJ( hnathon Walker E.O. OliverB ckett Howorth IIIJanice AntonowN ncy JoyCoach HowellE hue BurtPreston TaylorB I TurnerJason BaileyOrlene Washington John Morgan!496 Exbury Drive 801·2745508 Ridgewood Manor 234-4765Windsor ~alls 832·6000921 Hayes Ave 234·3848701·7018816·9693III2012 MML CONVENTION:It was moved by Alderman Williams, seconded byAlderman Howell to authorize any department headand Mayor and Board of Alderman to attend the2012 MML Convention in Biloxi, MS on June 24-28,2012. All the aldermen present votmg aye,Mayor Patterson declared the motion carried.ItvlS MI INICIPAL LEAGUEVOTING DELEGATES:It was moved by Alderman Morgan, seconded byAlderman Antonow to adopt the followingresolution appointed MS Municipal League 2012voting delegates. All the aldermen present votingaye, Mayor Patterson declared the motion carried.I

68II-~,MINUTE BOOK N9E~~lty OF OXFORDDEMENT.MERIDIAN 61·226RESOLUTION APPOINTINGMISSISSIPPI MUNICIPAL LEAGUE2012 VOTING DELEGATESFOR THE CITY OF OXFORDWHEREAS, the Mississippi Municipal League amended the bylaws of the association toprovide for a ballot election, to be conducted by the officers of the Mississippi r-,lunicipal Clerk$,and Collectors Association, to be held each year at the .. summer com'ention. to elect a second \'iC111president and to vote on any proposed bylaw changes: andI\VHEREAS, the amended bylaws require the governing authority lward (;\ Ider11lan. CityCouncil, City Commission) to designate in its minutes the voting delegate and tm) alternates to:cast the vote for each member municipality,IINOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN O~I,THE CITY OF OXFORDIn accordance with the bylaws of the Mississippi Municipal League. the \'otingdelegate(s) for the 2012 Mississippi Municipal League election to be held at the annualconvention on June 26-June 28, 2012 are as follows:,iIVoting Delegate: Preston Taylor, AldermanFirst Alternate:Jason Bailey, AldermanSecond Alternate: John Morgan, Alderman,~'" jTh" P" b b, i,k,,,' ",d i

.,69AldermaMINUTEABOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0226Alderman Howell:Alderman Taylor:A.lderman Bailey:Alderman fvlorgan:AYEAYEAYEAYEIThe above and foregoing Resolution having been submitted to and approved by the1\la)ol", this the 15 th day of May, 2012.ATTEST:APPROVED:CITY CLERKMAYORII

70 10MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61·226RESERVE OFFICERS:DARE OFFICER TRAINING:SRO CONFERENCE:INTERNS:DUI GRANT:OCCUPANT PROTECTIONGRANT:URBAN YOUTH CORPSPROGRAM:EMPLOYMENT:EXECUTIVE SESSION:It was moved by Alderman Antonow. seconded bvAlderman Bailey to approve Shawn Parrish andBrock Satterwhite as reserve ot1icers. All thealdermen present voting aye. Mayor Pattersondeclared the motion carried.It was moved by Alderman Howell. seconded twAlderman Williams to approve travel for an officerto attend DARE officer summer training in Paris.TN on July 9-13. 2012 with a cost 0("$612.04 Allthe aldermen present voting aye. MR\(l!" Pattersondeclared the motion carried.It was moved by Alderman AntoJl()\\. sCC(1nded b,Alderman Taylor to authorize apprmallilr t'\oSRO otTtcers to attend SRO Conference ill Biloxi.MS on June 17-22,2012 with a cost of$'195 00.All the aldermen present voting aye. ]\ JayorPatterson declared the motion carried.It was moved by Alderman Bailey. seconded byAlderman Howell to approve Emily Bennett.Quenshia Brooks, Danielle Ilollings\\orth. RobertO'Dell, and John Branam as interns \\ith the 01'0.All the aldermen present voting aye. "'JavorPatterson declared the Illotion carried.It was moved by Alderman Morgan. seconded byAlderman Taylor to authorize permission to app'"for alcohol/drug countermeasures grant. ;\11 thealdermen present voting aye. Mayor Pntters('ndeclared the Illotion carried.It was moved by Alderman Antono\\. seconded byAlderman IIowell to authorize permission t(1 3ppl,'for occupant protection grant. All the aldermenpresent voting aye, Mayor Patterson declmed themotion carried.It was moved by Alderman IIowell. seconded lJ\"Alderman Antonow to authorize employment oftwo project coordinators and student employees iinthe Urban Youth Corps Program. All the aldermenpresent voting aye, Mayor Patterson declared themotion carried.It was moved by Alderman Morgan. seconded byAlderman Bailey to authorize empllHlnent (If CilllhWhite as executive assistant in the ['I",ming andBuilding Departments. All the aldermen presentvoting aye, Mayor Patterson declarecl the motioncarried.It was moved by Alderman Antonn\\. seconded byAlderman Williams to consider executive sessionfor one personnel issues. All the aldermen presentvoting aye, Mayor Patterson declared the tIlotioncarried.III

II71MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0226It was moved by Alderman Morgan, seconded byAlderman Antonow to go into executive session.All the aldermen present voting aye, MayorPatterson declared the motion carried.IREGULAR SESSION:RECESS:It was moved by Alderman Howell, seconded byAlderman Morgan to come out of executive sessionand return to regular session. All the aldernlenpresent voting aye, Mayor Patterson declared themotion carried.It was moved by Alderman Bailey, seconded byAlderman Taylor to recess the meeting untilThursday, May 18,2012 at 8:30 a.m. at the OxfordElectric Department. All the aldermen presentvoting aye, Mayor Patterson declared the motioncarried ..QO"T ,ll. QUI ;«11G~orge. Pallerson, MayorII

72STA TE OF MISSISSIPPIDEMENT-MERIDIAN 61·226---ICOUNTY OF LAFA YETTECITY OF OXFORDRECESSED MEETINGCALL TO ORDER:May 17,2012X:30 a.m.Pursuant to the order of May IS, 2012 the Mayor andBoard of Aldermen did meet at 8:30 a.lll. on Thursdav.May 17,2012 in the conference rOOIll of the ()xfordElectric Department when and where the i(lilowing werepresent:George "Pat" Patterson - MayorNey Williams- Alderman Ward IUlyssess llowell- Alderman Ward IVPreston Taylor - Alderman Ward VJason Bailey- Alderman Ward VIJohn Morgan- Alderman At LargeIAGENDA:EXECUTIVE SESSION:REGULAR SESSION:ELECTRIC DEPARTMENTBUDGET:Bart Robinson-Chief Operations ()tlicerLisa Carwyle- City ClerkAI Hope - Director of Human ResourcesLynn Robbins- Supt. of Elec. Dept.Rob Neely- Asst. Supt. of Elec. Dept.It was moved by AldermanlIo\\elL seconded by AldermanWilliams to adopt the agenda for the meeting. All thealdermen voting aye, Mayor Patterson declared tbe Illotioncarried.iIt was moved bv Alderman I lowell. seconded bv AldernlallBailey to consider cxecutive session for a personnel Issue. iAll the aldermen present voting aye. I\-Iayor Patterson ,declared the motion carried.It was moved by Alderman Morgan. seconded by'Alderman Taylor to go into executiv'e session. All thealdermen present voting aye, Mayor Patterson dec lared themotion carried.It was moved by Alderman Williams. seconded b\Alderman Morgan to come out of executive session andreturn to regular session. All the aldermen present votingaye, Mayor Patterson declared the motion carried.Lynn Robbins and Rob Neely presented the Oxford ElectritDepartment budget for 2012-2013 to the Mayor and Board'of Aldermen .II.... 1'

· OXFORD ELECTRICCITY73442m4~4 15865a7!lBo:)!j;;901802,,03;;04;,Ub808910812$9,372,873$556,700$201,678$151,032$148,981$83,971$56$18,299,085 !~11?,~88 1$26.673 I-~7.216 I~162~~g~ :$85,417 '$12,291 .$39,753 .-$7,046 .$6,000 :$61,483 .~1~5.i42 .$89,459 '$1-3,179 :(~! 17)$~~,~79~4,677P2,738~?5~,~40F4,080$?5,OgO$28,414$184,432-~~~,89i I,¥9~~~, 1 04$31,457~~~5,326~13,314$20,262~~1}94 .F,1~g$1~,968$0~8~~,994$815,880iS2,5uu)(~5[jq) i$0 I(~ 1O,{JOO)$0~§7 ,886~14?728$~~,g~3¥~~.826$2,088,669$24,164,887~1?,?9~,Q~~H1~,~?§ i$1,651.9741--I400442-0000400444-0000400444-1000400450-0000400451-0000400454-0000400456·0000401555-0000401580-0000401582-0000401583-0000401584-0000401565-0000401586-0000401587-0000401588·0000401589-0000401901_0000401902-0000401903-0000401904-0000401908-0000401909-0000401910-0000401912-0000401916-0000401920-0000401921-0000401923-0000401925-0000401926-0000401930-1000401931-0000402590·0000402592-0000402593-0000402594-0000402595-0000402590-0000402597 -0000402598-0000402932-0000403300-0000408901}-9970415000-0000416001}-00004171000-000419000-0000421000-0000426000-0000427000-0000428000-0000431000-0000LARGE LlGH!~P

74IIMINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61·226, orking Capital based on Balanced BudgetE ding Year Balance (Capital Income -Exp.)P nt Additions include all capital expendurituresEst Budget$363$2,629,900OXFORD ELECTRIC DEPARTMENTCapital Expenditures, 2013 Budgetseri tionneral Growth - PlantDistributions System ImprovementsSignal System UpgradesSpecial OH to UD RelocationsSpecial ROW Tree ReplantingFiber InfrastructureAMR InfrastuctureElectric Car Charging Stationansportationonstruction EquipmentTools, Safety EquipRebuild of Line truckROW/BackYard machineaterial Transport UnitIAmount I Notes:$400,000.00 Based on previous years and current condition~ (Includes all ~ormal cons$715,000.00 11th Street Improvements ($650,000):System ["otection ($6~,000):$125,000.00 Changes and Improvements to Traffic Signals$450,000.00 To replace OH to UD on trouble line sections$20,000.00$135,000.00$320,000.00$9,500.00To replace and replant trees on cleared ROW with low growth varietiesFiber Optic Installation for SCADA & AMRMeters, etc for AMR installationsCharging Station at City Hall$25,000.00 Truck 112 - 1994 Ford F150 (110,000 miles)$25,000.00 Truck 121 -1992 Ford F150 (120,000 mile,)$25,000.00 Truck 114 1993 Ford F150$7,500.00 Misc Tools and Safety Equipment$45,000.00$135,000.00$9,000.00 Warehouse material transportffice EquipmentCabinets, Shelving, etcComputer/printer replacementsDesks, Chairs replacementuilding Maintenanceecurity Improvements (Fences and Cameras), arehouse Building Improvements$1,500.00 Misc Storage equipment$24,000.00 Normal Upgrades and Replacements$5,400.00 Normal Replacements, Upgrades$32,500.00 Building Maintenance and Renovations$55,000.00 Fence and Cameras for added security$75,000.00 Add Storm Drains and Extend BuildingIillmmrrii#iiW&iSJ bit.! lddI'APPA Annual Meeting: TVPPA Annual MeetingLineman TrainingTVPPA Engineering ConferenceTVPPA Accounting, Information ConferencCSA TrainingPers Benefit ConferenceCSA Annual MeetingMisc TravelTVPPA Committee MeetingsCPE TrainingIi i ii".Mii!se;~~liI9mtWm§~m;mc7iJtieti in -axpense shown on previous worksheet$1,500$1,650$2,500$1,325$1,450$3,250$150$1,270$4,250$500$6,500Total Training$24,345I

75.-'..DJOURNMINUTE BO(j)Kt~B3J\m];¥ £)ftIOXJr;QRP,JdeJmi;nERloIAN61~226'. •• --==-;],present voting aye, Mayor Patterson declared the motioncarried.I_.._-----_.. ----George G. Patterson, Mayor~/Lisa Carwyle, City ClerkII

76DEMENT-MERIDIAN 61-226IOF THE MAYOR AND BOARD OF ALDERMENOF THE CITY OF OXFORDPursuant to Section 21-3-21, Mississippi Code of 1972 Annotated. 1. George G.Patterson, Mayor of the City of Oxford. Mississippi, do hereby call the Mavor and Hoardof Aldermen of Oxford, MS, to a SPECIAL MEETING to be held onIThursdav, Mav 31, 2012 AT 11:30 A.M. for the transaction of important business. Themeeting will be held in the court room of City Hall. The business to be acted upon at theSpecial Meeting in consideration of the following:1. Approve minutes from May 15, 2012 regular meeting.2. Approve second year of Volunteer Oxford Grant. (Kelly Shannon)3. Discuss management of downtown parking.4. Accept resignation of administrative assistant in the i\fay()r's officeand authorize temporary part time employee.5. Consider executive session.6. Discuss upgrades at Oxford Conference Center. (Hollis Green)This the 30th day of May 2012.f':w.% t-~\.~, .• _, __ ._GEOR~E G. PATTERSON. MA YORL City Clerk of the City of Oxford, Mississippi, or a Deputy Clerk. do herel"certify that I have notified Alderman Ney Williams of the foreg()ing meeting"" C¥\J'I'l"s",,, Lj.

MINUTE BO~Kx~r~· ~~I'SS;:~: a~~u~~I~?~~ereb~MENTM~6'celtlly tilat I have notitied Alderman Ulysse Howell of the foregoing meeting IIlln-_'4~\i~ __ at "1,,=-:; a.m./;77II, City Clerk of the City of Oxford, Mississippi, or a Deputy Clerk, do herebycenify ,th~t. I .l"av e notifie~ A~erman p~) ~:Ylor of the foregoing meetingon __'l:14~ati .,7/ a.~~Z;; at J k nJ)

78MINUTE BOOK No. 63, CITY OF OXFORDDEMENT·MERIDIAN 61·226-------,CALL TO ORDER:Pursuant to the notice of Special rVleeting. theMayor and Board of Aldermen of the City ofOxford did meet at 11 :30 a.m. on Thursda\. IITav31. 2012 in the court room of City Hall when andwhere the following were present:George O. Patterson- MayorN ey Williams- Alderman Ward IJanice Antonow- Alderman Ward IIIUlyssess Howell-Alderman Ward IVPreston Taylor- Alderman Ward VJason Bailey- Alderman Ward VI.101m Morgan- Alderman At-LargeILisa Camyle - City ClerkBart Robinson- Chief Operations OllieerTim Akers- Director of PlanningAGENDA:tvIlNUTES:EXECUTIVE SESSION:APPRAISAL:REGULAR SESSION:VOLUNTEER OXfORDGRANT:It was moved by Alderman Taylor. sE'conded h\Alderman Antonow to adopt the agenda I(lr themeeting. All the aldermen present \'oting ave.Mayor Patterson declared the motion carried.It was moved hy Alderman Williams. sec(lJIded byAlderman Howell to approve the mi nutes from theMay 15.2012 regular meeting. All the aldermenpresent voting aye. Mayor Patterson declared themotion carried.It was moved by Alderman Morgan. seconded bv'Alderman Antonow to consider executive seS5i(1nfor a possible acquisition of property. ,\11 thealdermen present voting aye, Mayor Pattersondeclared the motion carried.It was moved bv Alderman Williams. seCl1nded b\Alderman Antonow to go into executive sessinn.All the aldermen present voting aye. IIla\ (l!"Patterson declared the motion carried.It was moved by Alderman Morgan. seconded hvAlderman Antonow to authorize appraisal ofproperty. All the aldermen present voting aye.Mayor Patterson declared the motion carried.It was moved hy Alderman I lowell. seconded by'Alderman Bailey to come out of executive sessionand return to regular session. All the aldermenpresent voting aye, Mayor Patterson declared themotion carried.It was moved hy Alderman Williams. sewllded byAlderman Taylor to approve the application of theVolunteer Oxford grant to the MS Commission forVolunteer Services and to agree to $3.500.00 inmatching funds. All the aldermen present votingaye, Mayor Patterson declared the Illot;on carried .II.... '

RESIGNAIMINUTE BOO~tNDm~ ~l1i¥rrO~QX,FsgaD by DEMENTME"",AN"""reslgna IOn 0Megan Prescott in the Mayor's office and authorizeadvertisement for a replacement. All the aldermenpresent voting aye, Mayor Patterson declared themotion carried.79;1IEMPLOYMENT:It was moved by Alderman Morgan, seconded byAlderman Howell to authorize Cole Walters towork temporarily part time in the Mayor's office forthe month of June at a rate of $12.00 per hour. Allthe aldermen present voting aye, Mayor Pattersondeclared the motion carried.Oo\VNfOWN PARKING:Members from the Parking Commission werepresent at the meeting and they discussed themanaged parking proposal with the Mayor andBoard of Aldermen.Counsel is reviewing the contract with StandardParking and it will be on the June 5, 2012 agenda.IOXFORD CONFERENCECENTER UPGRADES:Hollis Green came before the Mayor and Board ofAldermen to present a plan for facility upgrades atthe Conference Center. The plan is divided intophases, according to importance. The Mayoradvised Mr. Green to bring the requested amountbefore the board during budget sessions.I

u80•Banquet HMmiUTE BOOK No. 63, C;~Ic¥oQF OXFORDPhase One LL2~l>'t:l'Lobby carpetLobby TileStainless Waste Recpticals (6)Lobby Paint & TrimLarge Format ArtworkDEMENT-MERIDIAN 61-226- -11I ,Furniture, Lamps ,Tables & Floral Arrangement,Conference Room Window TreatmentsCorridor Art WorkDemo Existing FinishesTotal Phase OnePhase Two(Oxford Hall)Broadloom Hospitality CarpetWood Trim WainscotPaintTotal Phase Two$97,821.00$1,000.00$3,500.00$102,321.00Total Phase OneTotal Phase TwoTotal Phase ThreeTotal Phase FourTotal Project Cost$170,700.00$102,321.00 •$93,400.00$37,445.00$403,866.00IPhase Three (Bathrooms)VanityTilePaintAccessoriesLabor-Plumbing, Millwork, Trim & PermitsDemo Existing BathroomsMirrorsTotal phase ThreePhase Four (Auditorium)Install Carpet TilesAcoustical PannelsPaintTotal phase Four$15,200.00$30,800.00$2,600.00$1,800.00$22,000.00$20,000.00$1,000.00$93,400.00$15,445.00$20,000.00$2,000.00$37,445.00II

ADJOURNMINUTE BOO~tNOlni3i t£11i¥nQ~cOX&Q8.oby DEME",ME",D"N61~226All the aldermen present voting aye, MayorPatterson declared the motion carried.81IGeorge G. Patterson, MayorL~II

82IMINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61·226UNITED STATI,S OF AMERICASTATE 01 i\IISSISSIPPICOUNTY lie LAFA Yl::TTECITY OF OXFORDIRHiUL\R [',IEETINGJune 5, 20126:00 p.m.CALL [() ORDER:The meeting of the Mayor and Board of Aldermenof the City of Oxford, Mississippi, was called toorder by Mayor Patterson at 6:00 p.m. on Tuesday,June S, 2012, in the court room of City Hall whenand where the following were present:George G. Patterson - MayorNey Williams- Alderman Ward IE.O. Oliver- Alderman Ward IIJanice Antonow- Alderman Ward IIIUlysses Howell- Alderman Ward IVPreston Taylor- Alderman Ward VJason Bailey- Alderman Ward VIJohn Morgan - Alderman at LargeMayo Mallette PLLC - Of CounselReanna Mayoral- Ass!. Director of Public WorksLisa Carwyle- City ClerkTim Akers - Dir of PlanningMike Martin- Chief Oxford Police DeptMike Hill- Chief ofFire DeptLynn Robbins - Sup!. of Elec DeptRandy Russell- Dir. of SanitationBrad Freeman- Dir of FNC ParkAIllope- Dir of Human ResourcesRob Boyd- Dir of Parks & RecBilly Lamb- Supt of Building & GroundsJimmy Allgood- Director of Emerg. ManagementI\GENJ)\:\llNUTES-".CCOUNTSIt was moved by Alderman Howell, seconded byAlderman Antonow to adopt the agenda for themeeting. All the aldermen present voting aye,Mayor Patterson declared the motion carried.It was moved by Alderman Antonow, seconded byAlderman Howell to adopt the minutes of thespecial meeting on May 15,2012, the recessedmeeting on May 17, 2012 and the special meetingon May 31, 2012. All the aldermen present votingaye, Mayor Patterson declared the motion carried.It was moved by Alderman Howell, seconded byAlderman Oliver to approve the payment of allaccounts for the City. All the aldermen presentvoting aye, Mayor Patterson declared the motioncarried.I

.,283MINUTE BOOK No. 63, CITY OF OXFORDDEMENT·MERIDIAN 51-0226IRETIREMENT RESOLUTION:PROCLAMATION:It was moved by Alderman Morgan, seconded byAlderman Oliver to adopt retirement resolutions forDavid Duchaine, Ronnie Holland, Mike Morrison,Mike Hill and Lynn Robbins. All the aldermenvoting aye, Mayor Patterson declared the motioncarried.It was moved by Alderman Antonow, seconded byAlderman Morgan to adopt the followingproclamation declaring National Garden Week. Allthe aldermen voting aye, Mayor Patterson declaredthe motion carried.II

84!,:National Garden Clubs, "1(',NATIONAL GAIWFN WI(I

385MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0226IOXFORD HOUSINGAUTHORITYFNC, INC. DONATION:It was moved by Alderman Antonow, seconded byAlderman Williams to reappoint John Bounds to theOxford Housing Authority Board. All the aldermenvoting aye, Mayor Patterson declared the motioncarried.It was moved by Alderman Bailey, seconded byAlderman Oliver to recognize and thank FNC., Incfor their $250,000.00 commitment to the tennisexpansion and to approve the sponsorshipagreement attached below. All the aldermen votingaye, Mayor Patterson declared the motion carried.II

86I~hisMINm!?~~~ gTml¥lU~Rmi\IENT ., DEMENT.I!4'!IWoIAN 61-226Sponsorship Agreement ("the Agleeme~C~, is enteled this, t~le ;;= :1:;) of~e. , 20 ~4-bet,\een the CIty ot Oxford ("CIty ) and r;1v L J- A,"("Sponsor").1. Purpose: The purpose of this Agreement is to define the nature alld scope of sponsorship'benefits to Sponsor and the level of financial support to be provided to the Citv by tbe Sponsor'I,,'ith respect to the establishment and operation of John Leslie Tennis Center.I2. Term: The initial term of this Agreement shall be year(s) beginning on the _ day'of , 20_, and ending on the __ day of . 20 __. Upon \\Tittcn noticeto the City no later than three (3) months prior to the expiration of this ;\greemcnt Sponsorshall have the right to continue the sponsorship at the same level as provided in this Agreementfor another identical tenn. However, the City reserves the right to renegotiate the cost ofsuch sponsorship and/or any other term of this Agreement. consistent "'ith then-applicahlecosts and terms to other sponsors or such costs and terms as mav be sct bY the City. The Cityagrees to enter into a new sponsorship agreement in the event that Sponsor elects to rene\\ thesponsorshi p.3. Cost and Benefits: The cost and benefits of this Agreement shall correspond to thoseset forth in the Schedule of Benefits attached hereto as Exhibit "A". according to the leycl ofsponsorship indicated below:/Facility Sponsor-Clubhouse Sponsor$250,000 over ten years$100.000 over ten yearsCourt Sponsor - $15.000 over five yearsThe City reserves the right to adjust the cost of sponsorship at any time. In the e\'enl thaIthe cost of sponsorship decreases subsequent to the execution of this Agreement. Sponsorshall receive an equivalent price adjustment on a prospective basis onlv.IIL2.Payment: Payments shall be made quarterly, cOlllmencing on the first (I st) elm (Ifthe month following [the opening of JL TC/execution of this agreement!. or at a timespecified between the City and the Sponsor.Signage: The City shall acquire. ,install, and maintain all signage contemplated lw thiS'llAgreement allIs own cost The elty shall work With Sponsor to achley'e a deSign that IS'acceptable to' both parties, but all decisions concerning design. layout. placement. size.!color, and/or style of sponsorship signage shall be left to the sole discretion of the City.3.Funds: All funds received from the Sponsor pursuant to this Agreement shall he Piaced'ilin the City operational fund and used for constructing. maintaining. operating. and/ormarketing the facility.I

-I LJnavoidMlNUiIiCao&KcNol;136~t C~TsYo~ ~IiiGfiUlts failure, > ••• • • •• pEMENT·MERIDIAN61-0226bby tire, catastrophic weather conditions, strikes, lockouts, shortage of labor or material,riots, war, civil strife, acts of terrorism, governmental laws, restrictions, or regulations, orany other occurrence whatsoever that is beyond the control of the City,UTe87I5.6.Comnlellon. The City obligations under the tenus of this Agreement are expresslyconditioned upon the successful completion, opening, and continued operation of JLTC.[I' JLTC dl)e, not open or ceases to operate at any point during the duration of thisAgreement, both parties' obligations hereunder shall be discharged.Hold Harmless: Sponsor agrees to indemnifY and hold the OPC and the City ofOxlllrd harmless for any damage to any signage or other document, material, or thingcontemplated by this Agreement.7. Assi~nment: Sponsor shall not assign this Agreement or the rights provided to it hereinto any third party without the express written permission of the City.8 Governinll. Law: This Agreement shall be governed, construed and interpreted by,through and under the Laws of the State of Mississippi.l).Severance: J f any provision of this Agreement or the application thereof shall, for anyreason and to any extent, be invalid or unenforceable, neither the remainder of thisAgreement nor the application of the provision to other persons, entities or circumstancesshall be affected thereby. but instead shall be enforced to the maximum extent permittedby law.I10. Entire .'\2reement: The parties agree that this document contains the entire agreementbetween the parties and this Agreement shall not be modified, changed, altered oramended in any way except through a written amendment signed by all of the partieshereto.II..Approval: This Agreement is expressly conditioned upon review and approval of theAgreement by the governing authority of the City. This agreement is also expresslycontingent upon and subject to possible re-consideration and approval of subsequentBoard(s) of Aldermen of the City.I

88DEMENT-MERIDIAN 61-226City of OxfordBY' ~1. .. ~ /l. ±2~~Position: ;l/l~Date: ~ (g ll2--III

.,89MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61 0226It '"Schedule of John Leslie Tennis Center Sponsorship BenefitsIFacility Sponsor - $250,000 over ten years-Splll1S0r has sole naming rights to the entire complex-Sponsor name/logo displayed at facility/court entrance-Sponsor name on all ope schedules and literature-Web sile link from ope site-Prominent area on home page of ope web site to be dedicated to sponsor-Press release to local media outlets-Name permanently displayed as a founding sponsorCluhhouse Sponsor - $100,000 OYer ten years-Sponsor has sole naming rights to the tennis central clubhouse-Sponsor has name/logo prominently displayed on clubhouse-S]1llI1S0r name on any JLTe printed literature- \\'eb site link trom ope site-Press release to local media outlets-Name pennanently displayed as a founding sponsorCourt Sponsor - $15,000 nyer fiye years-Sponsor name/logo displayed at both ends of the court-Sponsor name on ope schedules and literature-Press release to local media outlets-Name permanently displayed as a founding sponsorII

90 4MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-226AT&T REQUEST FORCELL TOWER ON CITYPROPERTY:Billy Englnd with General Telecom. Inc. camebefore the Mayor and Board of Aldermen to discussthe possibility of leasing City property from theCity of Oxford to place an AT&T comll1unicationtower near the intersection of Hwy 7 and lIni\ ersit\Ave.It was moved by Alderman Morgan. seconded byAlderman Howell to table the discussion for t\\"Oweeks. The board needs more informal ion on thespecific property being discussed. ;\ll the aldermenvoting aye, Mayor Patterson declared the motioncarried.III

--,I~91MINUTE B CITY OF OXFORDDEMENT·MERIDIAN 61-0226GENERAL TELECOM, INC.ILisa CarwyleCity of Oxford107 Courthouse Sq.Oxford, MS 38655Re: AT&T Communication F

92Site Acquisition Request Form (SARF) for AT&T Mobility NetworkPage I of 21'---- eiLLyuls: Sitc Fla",2.Cingular Project Number:Category:FA Location Number:County, State:Site Type:Due Date for Candidate Sites:MS4;'l7t, Highway} &=utiiversftyCapacity10549832Lafayette, MSTower1/17/2011DEMENT·MERIDIAN 61-226IIIIC~II Site Requirements:,:_Approximate Latitude:Approximate Longitude:Approximate Ground Elevation:Approximate Antenna Centerline:Approximate Total Height:Search Area Radius:SARF Azimuths:34 0 21' 49.25" NagO 30' 07.1" W495 feet AM5L150 feet AGL645 feet AMSL0.5 miles0/120/240IThe attached map represents the search area for the new Capacity cell site, ~154~77 /Highw~y 7 "'­University. The site objective is: Provide capacity relief to The Square UMTS, site ~1SJKU4279. and toOxford East UMTS, site MSlKU4210, and to North Lamar UMTS, site MSlKU4293.IRF Planning EngineerAttachments:Search Area Maphttp://raI2rfweb I /sarf/SARFPrint.asp12.'8/2010I

Search Area Map for MS4277/Highway 7 & University':"'Je, ' I Park litPage 2 of2.I'j"j "',,,~ !h._~ -. ~93~ ,~:;:MJNUTE BO~KA~O. 60, ell¥. OF'QXFORD/DEMENT-MERIDIAN 61-0226o~

94MINUTE BOOK No. 63, CITY OF OXFORDDeMemMe"""N""6~~~~=~OUT OPERATIONS ANDMAINTENANCE FACILITY:It was moved by Alderman Howell. seconded bvAlderman Morgan to reject bids received ('H OUTOperations and Maintenance Facility and tt'authorize permission to re-bid the project. All thealdermen voting aye, Mayor Patterson declared themotion can-ied.II T [ ICERTIFIED BIJ) TABULA nON fORMBid Dale: i'vlay.3!. 20! 1 2:00 p.m.Oxford Uni\·ersiry Transit SystemNew f\ilaintenance & Operations FacilityO.\forJ, r .... lississippiContraClUr:Base Bid:I.Zellner Construction Services, LLCCertificale of Responsibility ;;17-P3-1\lC5% Bid Security: I.ihcrty t\,lutuJIS '.184.-1711)(1IAddenda Received # I X1Barnes & Brower. Inc.Certificate of Responsibility C' 14~1():,-1\ Ie5~'O Bid Security: Liberty rVlulllidAddenda Received # I XII certify' lhallhis is a correct tabulation of (lit bids rCl't'il,tJ ror (his Prujed Oil the d~llL' ~1;!lL'Ll "hI' l':(Authorized Sigllnlure)(r ,,/ / ./.!.'--'---___..___I t D;!ll' J,.,., 1::)1 "I "·1 '" ,'I

=====~M==IN~U~T~E~B~O~O~K==N~O~.6~3~,~C~IT~Y~O~F~O==X~FO~R~D===DEM=E~=MERI==DIAN61~It was moved by Alderman Antonow, seconded byAlderman Williams to accept the CLG award in theamount of $2,500.00 for preservation commissiontraining. All the aldermen voting aye, MayorPatterson declared the motion carried.695IOXFORD 11ISTORICPRESERVATION:SPONSORSHIPAGREEi'vIENT:Mayor Patterson announced Molissa Swaney hasresigned from the Oxford Historic PreservationCommission. Anyone interested should contactTim Akers.Brad Freeman came before the Mayor and Board ofAldermen to announce Oxford Orthopedics andSports Medicine Group is contributing $150,000.00towards the construction of an Indoor PracticeFacility at FNC Park.It was moved by Alderman Howell, seconded byAlderman Williams to approve the sponsorshipagreement with Oxford Orthopedics and SportsMedicine Group and commit $75,000.00 towardsthe facility. The County is also contributing$75,000.00. All the aldermen voting aye, MayorPatterson declared the motion carried.II

96MINm~1Nlf. UaLIGPf'VNM~~n'ENT~~~~~ _ _ _ ____ ____ __ _ ' _ __ _ __ _ _ _ DEM~l::~ERIDIAN61.2~~This Sponsorship Agreement ("Agreement") is entered this the > ~Iav-;;;l:;;:..c~ , 2012, between the City of Oxford, Mississippi ("City")- '~n~1 O;fe)rd III,Olihopaedics and Sports Medicine, PLLC, a Mississippi professional limited liabilitv coml'an\ "("Sponsor").I. Purpose: The purpose of this Agreement is to define the nature and scope of sponsorsilipbenefits to Sponsor and the level of linancial support to be provided to the Cit\, by the Sponsorwith respect to the establishment and naming of a practice facility at the Oxford-Lali,yelte Fieldsgeared toward baseball, softball and soccer indoor practice ("Practice Facility").2. Term: The initial term of this Agreement shall be ten (10) years beginning at completion ofconstruction of the Practice Facility. This Agreement may be renewed and extended at tileagreement of the parties. Said term is however subject to re-consideration. IT\'ision and appnl\alof subsequent Board(s) of Aldermen of the City,I3. Cost and Benefits: The Sponsor shall pay to the City one hllndred and fifty tilol"and dollars($150,000) over the term of the Agreement. In exchange for. and at all times contingent up(lnsaid consideration, the City agrees to the grant Sponsor the following benefits:- nanling rights to the Practice Facility during the term of the Agreement- Sponsor name displayed Practice Facility- Sponsor listing on and website link from Oxford-Lafayette Fields internet hOJ11e page- Press release to local media outlets4. Payment: Payments shall be made quarterly, commencing on the first (I sl) da\ l,f thcmonth following completion of the Practice Facility, or at a time agreed UPOIl be("een the Cit\'and the Sponsor.I5. Signage: The City agrees to acquire, install, and maintain signage to he displil\ed at thePractice Facility. The City will work with Sponsor to achieve a design (inciliding lavout.placement, size, color, and/or style) acceptable to both parties. Design shall be sllbject to theapproval of Sponsor; however final design decisions shall be left to the sole discretion or theCity.6. Funds: All funds received from the Sponsor pursuallt to this Agreement shall be placedin the general fund of the City.7. Unavoidable Circumstances: The City shall not be responsible to Sponsor felf its hlilureto periornl any of the obligations imposed by this agreement if slich failure is occasioned en fire.,catastrophic weather conditions, strikes, lockouts, shortage of labor or material. riots. \\ar. Ci\ill'strife, acts of terrorism, governmental laws, restrictions, or regulations, or any other occurrence,whatsoever that is beyond the control of the City.8. Completion: The City's obligations under this Agreement are expresslv C(lnditioned,1upon the successful construction, opening, and continued operation of the Practice Facilitv. ItliII

the Practice Faci~i~ does not o~n or ceases to oRerate !Il~"P0lll..t..liu~i,tlll:.J;!~~n of thisAurcemenl. bOlhl"dNUtijatd)QKnttIQ\;a6a,t&idila~dUF UAFUHU~ , DEMENT-MERIDIAN 6'-02269. Hold Harmless: Sponsor agrees to indemnify and hold the City harmless for any damageto all)' signage or other document, material, or thing contemplated by this Agreement97I10. Assiunment: It: after twenty four (24) months after the beginning of the term of thisAgreement, Sponsor becomes unable or unwilling to make payments due under this Agreement,Sponsor may assign Ihis Agreement to a third party who shall be bound by the terms hereof.However, Sponsor shall not assign this Agreement or the rights provided to it herein to any thirdpart)' without the permission of the City. The City understands and agrees that if assignmentbecomes necessary, it will be in the best interest of both parties to secure a third partysponsor/assignee,and the City shall work diligently and in good faith with Sponsor to find,approve and facilitate such an assignment11. Governing Law: This Agreement shall be governed, construed and interpreted by,through and under the Laws of the State of Mississippi. Both parties nlrther acknowledge theright and duty of municipal governing authorities and commissions to review and either affirm ordisavow prior conlracts and their contents, at the discretion of the subsequent reviewing authorityand /ur commission.12. Severance: If any provision of this Agreement or the application thereof shall, for anyrea"on and to any extem, be invalid or unenforceable, neither the remainder of this AgreementIll)r the application of the provision to other persons, entities or circumstances shall be affectedIhereby. but instead shall be enforced to the maximum extent permitted by law.13. lentire .'\ureement: The parties agree that this document contains the entire agreementbetween the parties and this Agreement shall not be modified, changed, altered or amended inany way except through a vnillen amendment signed by all of the parties hereto.It 4. 3.1212rmal: This Agreement is expressly conditioned upon review and approval of theAgreement by (he governing authority of the City. This Agreement is also expressly contingentupc,n ami subject to possible re-consideration and approval of subsequent Board(s) of Aldern1enof the City.IN WITNESS WHEREOF, the parties have affixed their signatures below.THE CITY OF O"FORDOXFORD ORTHOPAEDICS AND SPORTSMEDICINE, PLLCI

98MINUTE BOOK No. 6~,~-"F¥--f'*~JfHc:JIRIi-IDI::}-- DCM"',MCRmN"'"By:--~~~~~-----Title/Position:'10,By: _~~-Title/Position: 11:\ ,f) III

799MINUTE BOOK No. 63, CITY OF OXFORDDEMENT"MERIDIAN 61-0226IOPC INTERLOCAL WITHLArA YET1E COUNTY:It was moved by Alderman Williams, seconded byAlderman Taylor to approve the amended interlocalagreement between OPC and Lafayette County. Allthe aldermen voting aye, Mayor Patterson declaredthe motion carried.AMENDMENTTOTHE .JANUARY 16,2007, INTERLOCAL AGREEMENTBETWEEN LAFAYETTE COUNTY, MISSISSIPPI,AND THE CITY OF OXFORD, MISSISSIPPIThis Amendment to the lnterlocal Agreement between Lafayette County,ililssisslppl. and the CilY of Oxford, Mississippi dated January 16, 2007, ("Interlocal\greement'") (the "Amendment") is made on this the.5..... day of 0Li;I\V, 2012, by andbo\lleel; Lai~lyetle County, Mississippi, a county duly existing under the laws of the State,)t'l\iissisSJppi (,'Lafayette County"), and the City of Oxford, Mississippi, a municipalityduh cXlsJing under the laws of the State of Mississippi ("City of Oxford").IWHEREAS, the Board of Supervisors of Lafayette County, as the duly electedgoverning bud) of Lafayette County, has the authority and obligation to adequatelypromote the health, safety and welfare of the citizens of the county, pursuant to Section17-1-3 of the Mississippi Code of 1972, Annotated, as amended; andWHEREAS, the Mayor and Board of Aldermen of the City of Oxford, as the dulyelected governing authorities of the City of Oxford, have the duty to adequately promotethe health, safety and welfare of the citizens of the city, pursuant to Section 17-1-3,"eelion 21-17-1 and Section 55-9-1 of the Mississippi Code of 1972, Annotated, as,1Inencled: andWHEREAS, the Oxford Park Commission ("OPC") operates and manages parksand recreational facilities owned by the City of Oxford in accordance with Section 21-3 7-33 and 21-37-35 ofihe Mississippi Code of 1972, Annotated, as amended; andWHEREAS, on January 16, 2007, the City of Oxford and Lafayette Countyentereci into tlte Interlocal Agreement which outlined cooperation and cooperativefunding between the City of Oxford and Lafayette County to expand and develop sportstacilities and related programs operated by the City of Oxford and the Oxford ParkCommission; andIWHEREAS, pursuant to Section 10 of the Interlocal Agreement, the partiesagreed that the City of Oxford and the OPC may need and desire additional financialassistance from Lafayette County during the term of the Interlocal Agreement to furthercleve lop anci expand sports facilities; andWHEREAS, the Mayor and Board of Aldermen of the City and the Board ofSupervisors of the County have determined that it is in the best interest of the citizens of1I,e City of Oxford and Lafayette County to expand and improve outdoor tennis facilitiesor the City, including at John Leslie Park, as well as the facilities at FNC Park; and

~I100MINUTE BOOK No. 63, CITY OF OXFORDDEM"TMER'D'AN"'"1)/1 IERBAB, the -City-of OX-t-Cttd=lIciS requested fiffftflC"ial

I(b)MINUTthrough Friday, February I through May 31 of each year.Additionally, tlIe teams may be allowed to schedule reasonablematches against opponents during their respective tennis seasons,and they may be allowed to reasonably schedule a certainnumber of courts for tournament play which may fallonweekends. It is agreed that the use of these courts by therespective schools will be at the discretion of the OPC and willnot conflict with existing or future City activities and sportsprogrunl1111ng.The sum oiP5,000 for the bidding, contracting and construction oftwo additional practice baseball fIelds at FNC Park, payable to the CityoJOxllml in fiscal year 2013, and the sum 01"$75,000 for the bidding,contracting and construction of an indoor practice facility at FNC Parksuitable for use for soccer, softball and baseball instruction andpractice, also payable to the City of Oxford in fiscal year 2013,(together "FNC Park Improvements").101--l(C)The City of Oxford agrees to use its best efforts to finance, bid,contract and construct the Tennis Facilities and FNC Parkimprovements (baseball practice fields and indoor practice facility) assoon as reasonably practicable. The City of Oxford shall retain allrights and duties related to the design, bidding, budgeting, building,and oversight of the subject facilities.I14.Each party to this Agreement shall assume responsibility for any acts ofnegligence which may be attributed to it or its employees or agents, to theextent authorized by Miss. Code Ann. §§ 11-46-1, et. seq. (the MississippiTort Claims Act), and any other applicable federal, state, or local laws orregulations. Nothing in this Agreement shall be construed as an obligationby either party to indemnify the other that would not be authorized underapplicable law, or an acceptance of liability by either party beyond thatprescribed by law. This provision shall not be construed to abrogate,abridge or waive any immunities or privileges held or maintained by anyof the parties to this Agreement.15. This Agreement creates no joint property not existing before its execution.Pursuant to Miss. Code Ann. § 17-13-11, the parties understand that as acondition precedent to the Amendment being enforceable, the Amendment shallbe submitted to the Attorney General of the State of Mississippi for approval. Onapproval by the Attorney General, or the passing of sixty days after submissionwithout disapproval, copies of this Amendment shall be filed with the ChanceryClerk of Lafayette County, the Secretary of State of Mississippi, and the StateDepartment of Audit, pursuant to Miss. Code Ann. §§17-13-11(3) and (4).3I

102Ic=='~~~~MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-2263. While the terms of this Amendment may be renewed. modified, amended. oraltered in writing and by the mutual agreement of the parties. a11\ modillcation ofthis agreement must be approved by the Attorney General prior \(l tkimplementing of any such modifications.4. The lnterlocal Agreement shail he amended as provided lor herein ,md allprovisions of the lnterlocal Agreement shall remain in full force and eJTeel. exceptas to any provisions that may be in conflict with this /\l1lenc!l1lcnt. in \\hich casethe provisions of this Amendment shali be superior and take precedence o',cr tilt'conflicting provisions orthe Interloeal Agreement.I5. This Amendment shall not unlawfully bind successors in office.6. This Amendment is governed by Mississippi law.7. This Amendment may be executed in several counterparts that. when combined,will constitute the original instrument.APPROVED AND EXECUTED BY THE RESPECTIVE PARTIES pursuantto lawful approval, resolution and minutes of eaeh party.LAFAYETTE COUNTY, MISSISSIPPII.........: ,,····;ORA71·······...... ~o.~ ............... ~~ "\"CITY OF OXfORD. MISSISSIPPIf ( Or .... ~,--=--,~---,,-1~d~~~,,------:- :r. \. 0\'" . iff...'Att~~ ... ~ ...... " ..··,,0 ... "S' ... ··· .//'"/;/\0 ?o/ J"" .O~/'''''\..... ' . 'n.f/ i/ /~ ~ .' 'f ,~-Lisa Carwyle, Clerk / e. "'PaC) Paterson. I'vla:v'(1r4I

8 103MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0~~IUNIVERISTY INTERLOCALFOR TENNIS COURTS:It was moved by Alderman Williams, seconded byAlderman Taylor to approve the interlocal with theUniversity of Mississippi regarding the tennisfacility. All the aldermen voting aye, MayorPatterson declared the motion carried.INTERLOCAL AGREEMENTBETWEEN THE CITY OF OXFORD, MISSISSIPPI,AND THE UNIVERSITY OF MISSISSIPPIThi, Agreement made on the __ day of. 20 I 2, by and betweenthe Cit\ or Oxford. Mississippi. a municipality duly existing under the laws of the Stateui i\iississippi ("Cit\"), and the University of Mississippi, a state institution of higherkarning ciuh existing under the law, of the State of Mississippi (",University"), whichagr;:;em~11l is set t(xth as t()lIo\-vs:\\l-J E:RtAS. the 1\18)'01' and Board of Aldermen of the City. as the dul) electedg'" eming authorities of the City, have the dm) to adequately promote the health, safetyanLi \\clfarc oi the citizens orthe City, pursuant to Section 17-1-3, Section 21-17-1 andSection 55-'i-l 01 the Mississippi Code of 1972, Annotated, as amended; andIWIIEREAS. the Oxford Park Commission operates and manages parks andrecreational t~lcilities owned hy the City of Oxford in accordance with Section 21-37-33and ~ 1-37-35 of the Mississippi Code of 1972, Annotated, as amended: andWHEREAS, the University wishes to ensure tennis facilities are available for theoffer of instruction of tennis to its students through its Health, Exercise Science andRecreation Management Department: andWHEREAS, the parties have determined that It IS in the best interest of thecitizens of the City and of the University and its student body to provide, expand andimprove the outdoor tennis facilities of the City, including at John Leslie Park, andWHEREAS, the City has requested financial assistance from the University in theamount of $550,000 for said expansion and improvement; andWHEREAS, the governing body of the City has authorized its undersignedrepresentatives to enter into and execute this Agreement and the University has receivedapproYaI from the Board of Trustees of State Institutions of Higher Learning to enter intothis J\.green1ent;INOW, THEREFORE, for and in consideration of the mutual covenants andagreements contained herein and other good and valuable consideration, the parties dohereby agree as follows:1. This agreement (AAgreement@) is entered in accordance with the provisions ofMiss. Code Ann. §§ 17-13-1, et. seq., the AInter10cal Cooperation Act of 1974"("·Act@). as it now appears. All provisions set forth in the Act are incorporatedherein and made a part hereof.1

104')M JNJ.L1£raAAK t~ ~itPlIX~f$~Q ijP1Wlll1iE.,.>J.JJ.l~li~ "'"--in attached Schedule "A." and the City agrees to use TIleseTtindsTor t!le l,rclllnin~.· Ibidding. contracting, development. and construction and expansion 01' current Cit,telmis facilities ("Tennis Facilities").I!3. The University will be allowed access to the Tennis Facilities 1m tcnnisinstruction to its students enrolled in classes offered lw the llni,crsit\ I \calth.Exercise Science and Recreation I\'1anagelnent ciepartInell1 8i (11'r'nll'riat~I:,designated times and with reasonable terms. R, ,\,1\ 01' e.';alllllie Illl". theUniversity may schedule with the Oxford Park Commissiun and he allll'\cciaccess to six (6) tennis courts for two (2) hours per court. Moneln, throl!>cb cricl",in order to accommodate University Health. Exercise Science' and Pene,,!i,.'"Management department tennis classes.I4. Participants of Universit'· intramural teunis programs operateci tlmlugh theDepartment of Campus Recreation shall have reasonable acees' tl' tennis Cllurtswithin the Telmis Facilities on a first come first SetTe basis. c,clusi,c 01' tililsecourts already scheduled and reserved through and/or b, the ()xflrrci ParkCommission.5. The City agrees to use its best efforts to finance and construct tile TennisFacilities as soon as reasonably practicable. The City shall retain all rights andduties related to the design, building, and oversight of the subject facilities.6. The parties also agree that the City may need or desire additinnal financialassistance from the University for the Tennis Facilities. In the event thc City orthe Oxford Park COllllllission make a request to the University for additionalfunds to further develop, improve, expand, or maintain the Tennis Facilities. theUniversity agrees to seriously consider all such requests in good faith withinbudgetary constraints. If at any time after five (5) years after the originalconstruction and surfacing of the tennis courts. the City and/or the Oxf(lJd ParkCommission shall determine that the tennis courts require resmfacillg. theUniversity agrees to pay one-third of such costs.I7. Each party to this Agreement shall aSSLlme respollsibilit\, for an' acts ofnegligence which may be attributed to it or its emplo\'ees or agents. to the extentauthorized by Miss. Code Ann. §§11-46-1, et. seq. (the Mississippi Tort ClaimsAct), and any other applicable federal, state, or local laws or regulations. Nothingin this Agreement shall be construed as an obligation by either party to indemnif\'the other that would not be authorized under applicable law. ur an acceptance ofliability by either party beyond that prescribed by law. This pro,ision shall not beconstrued to abrogate, abridge or waive any immunities or privileges held ormaintained by any of the parties to this Agreement.8. Pursuant to Miss. Code Ann. § 17-13-11, the parties understand that as a cond ilionprecedent to the Agreement being enforceable, the Agreement shall be submittedI

I9.105to thMtNtJT61eooK ~Q~f6Sjsie~'Ji~J$c9Kr;OA&al by. ' • '. .. . DEMENT-MERIDIAN 61-0226disapprovaL copies of this Agreement shall be filed with the Chancery Clerk ofLaLr,ene County. the Secretary of State of Mississippi. and the State Department01 Auciil. pursuant 10 Miss. Code Ann. §§17-13-11(3) and (4).The term of this Agreement shall be through the City fiscal year 2027. Thepanies lml) rene\\. amenci. modit)· or alter the terms of this Agreement if thesame is in \\Titing. dated subsequent to the date of this Agreement and dulyauthorized ancl executed by the parties. While the terms of this Agreement maybe renewed. modi tIed. amended. or altered in writing and by the mutualagreement of the parties. any modification of this agreement must be approveci bylnec,tturney General prior to the implementing of any such moditlcations.10. This Agreement shall not unlawfully bind successors in office.I 1. This Agreement is governed by Mississippi law. This Agreement may bee"e(lIled in sevc:ral counterparts that. when combined. will constitute the originalinstrument.12. This Agreement creates no joint property not existing before its execution.APPROVED AND EXECUTED BY THE RESPECTIVE PARTIES pursuantto lawful actions of each party.CtTY OF OXFORD, MtSSISSIPPIIAttest:George G. "Pat" Paterson, MayorLisa Carwyle. ClerkTHE UNIVERSITY OF MISSISSIPPIDaniel W. Jones, ChancellorI

106MINUTE BOOK NO'~i!l~IIY OF OXFORDDEMENT-MERIDIAN 61-226Contributions from the University for the Tennis Facility shall be Illade pa\>ahlt, I(l theCity of Oxford 011 the following dates:September L 2012 $235,000October L 2013 $45-

9107lMINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0226- .IIDESIGN BUILD FORTENNIS FACILITY:ANNU . .I,.L I\IATERIALSAND SUPPLIES:FIRE Sf A TION SITE:PIPE REPLACEMENTBID:It was moved by Aldennan Morgan, seconded byAlderman Bailey to approve to advertise for adesign build for the tennis facility. This project willbe fi.mded with the Community Health Foundationfunds from Baptist. All the aldennen voting aye,Mayor Patterson declared the motion carried.It was moved by Alderman Bailey, seconded byAldennan Howell to authorize the advertisement forannual materials and supplies. All the aldennenvoting aye, Mayor Patterson declared the motioncarried.It was moved by Aldennan Howell, seconded byAlderman Williams to authorize pennission toadvertise for garbage removal, fill placement andstreet repair at Price and Molly Barr Road at thenew Fire Station site. The projected cost will be$500,000.00 and will be paid from the CommunityHealth Foundation money received from Baptist.All the aldermen voting aye, Mayor Pattersondeclared the motion carried.It was moved by Aldennan Williams, seconded byAlderman Morgan to accept the low bid fromSouthern General in the amount of $158,242.75 forpipe replacement on North 16 th and Avent Street.All the aldermen voting aye, Mayor Pattersondeclared the motion carried.I

- -c\ \ 1:.1'" I 1 ['" I b I II ~ t ~U_I' I UI{AINAGE II\U'I{OVEI\lENT Southern General Contractors Eubank Construction Johnson ConstructIOn Colom ConstructionCITY OF OXFOIW, MS26 CR 275 2011 N 2nd Street ~ 3151 Terza Road P.o. Box414(,/-\!2() I ~ Page: I Oxford, MS 38655 Booneville, MS 388 Batesville, MS 38606 Ripley, MS 38664BJIl'I,\B 17644-MC 10589"MC 16641-MC 5993~MCrlTfvl UNJ'I ITEM lJNIT ITEM UNrI l'IUvl UNIT lTUvlNO ()TY IJNn DL:SCI(II'TIC)N DOI.L/\]{S fJOI.I,!\]{S I )()j L/\RS j)CH.l.!\R0 I)OLLARS lJ01.l_ARS 1)()LLA!{S !)UL.l..AlG0s !lU 2:W.lI() 2(1 ()() 2(J(J ()() 7'}' ()() T2u IJO:-, .. 21) .'.-1) ~ ~:'.) LJ SY l'tIlWv~1i or Ilot MI~ Asphalt ') (ltl )).;2:i IJU 211 ()() :-I.)Oll 00 'i uo :.125 ()u I J (10, ~j2~ uO-"·20:' -J ~ : 2k {J I I 1{~Jll()V;11 or I'lpe (All SIJ.esl I';()I) '-Ill) (){)' .~(! (I(l I,.J()IJ(JO ') S {)() 7U() ()() IS ()(J ·!2() 00, :-;-1('"1,1) zSLJ U I,ll'-; ('I (1~lltli SI()Ill' (31.:" 1 II1IeslOlW I ~'J ()(J l-UL~() O(l :iIJ(I() 7 .. ~(){I ()(I 'I(J (JO o.t)(j(J()() .~U IJI) 7 .. ~()() UI)"-" ...1(1.; II ~ ~ (j() I! T{)t'..,' I lUI rV!J\ l\spllCdl So: ::. :, 111111 Stili ( ~ i:iU(J(J! ! ).uulIlIil' 1..1(1 U(i 1·!JJ(Jil.(){j 125 ()lJ I :.)(j() (HI I',(J()(J 1 iUl)(J U(J-"-(lUI-II .Ii! .~ CY l'Ia~~, Il SII'lII:! l'oll>: lvillllll'SlrtiClul

10109MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61·0226IIII'vlS COALITION RECYCLINGBOARD:FBI COMI\IANDCOLLEGE:RETIREMENT:ADVERTISE:RETIREMENT:FIRE CHIEF:ADVERTISE:ADVERTISE:RET IREIYIENT:It was moved by Alderman Morgan, seconded byAlderman Williams to authorize Amberlyn Liles toattend the quarterly MS Coalition Recycling Boardmeeting on June 12,2012 at no cost to the City. Allthe aldermen voting aye, Mayor Patterson declaredthe motion carried.It was moved by Alderman Howell, seconded byAlderman Bailey to authorize three officers toattend the FBI Command College Course on theUniversity of Mississippi campus on July 29-August 3, 2012 with a cost of$975.00. All thealdermen voting aye, Mayor Patterson declared themotion carried.It was moved by Alderman Taylor, seconded byAlderman Antonow to accept the retirement ofMike Collins and Wayne Hanks in the PoliceDepartment, with regrets. All the aldermen votingaye, Mayor Patterson declared the motion carried.It was moved by Alderman Antonow, seconded byAlderman Williams to authorize advertisement for apool of applicants for patrol officer. All thealdermen voting aye, Mayor Patterson declared themotion carried.It was moved by Alderman Howell, seconded byAlderman Williams to accept the retirement ofMike Morrison in the Electric Department, withregrets. All the aldermen voting aye, MayorPatterson declared the motion carried.It was moved by Alderman Antonow, seconded byAlderman Oliver to authorize the employment ofCary Sallis as Fire Chief effective July 1, 2012 witha salary of $65,200.19. All the aldermen voting aye,Mayor Patterson declared the motion carried.It was moved by Alderman Morgan, seconded byAlderman Howell to authorize the internaladvertisement for Deputy Fire Chief. All thealdermen voting aye, Mayor Patterson declared themotion carried.It was moved by Alderman Oliver, seconded byAlderman Howell to authorize the internaladvertisement for Training Officer with the FireDepartment. All the aldermen voting aye, MayorPatterson declared the motion carried.It was moved by Alderman Morgan, seconded byAlderman Bailey to accept the retirement of RonnieHolland in the Solid Waste Department. All thealdermen voting aye, Mayor Patterson declared themotion carried.

110 J Jrcc=1 ~~~MINUTE BOOK No. 63, CITY OF OXFORDDEMENT·MERIDIAN 61·226EMPLOYMENT:EXECUTIVE SESSION:REGULAR SESSION:It was moved by Alderman Antonovv. seconded byAlderman Morgan to authorize the employment ofLarry Harris and Corrie Norphlet with a salan of$27,466.71. All the aldermen voting aye. I\lmorPatterson declared the motion carried.It was moved by Alderman !lowell. seconded byAlderman Williams to consider executive sessionfor one personnel issue, acquisition of property' andlitigation. All the aldermen present v'()ting aYe.Mayor Patterson declared the motion carried.It was moved by Alderman l\ lorgan. seconded bl'Alderman Howell to go into executive sessjpn. Allthe aldermen present voting aye, l\(av pr Pattersondeclared the motion carried.It was moved by Alderman Howell. seconded bvAlderman Bailey to come out of execlitiYe sessionand return to regular session. All the aldermenpresent voting aye, Mayor Patterson declared themotion carried.IAlderman Morgan left the meeting at this time.TERMINATION:RECESS:It was moved by Alderman Oliv'er, seconded byAlderman Antonow to follow the reconllllendationof the Human Resource Director and Departmenthead and terminate an employee in the Building &Grounds Department.It was moved by Alderman Williams. seconded bvAlderman Taylor to recess the meeting lIntil hi(lav·.June 15.2012 at 9:00 a.m. at the Lat~l\ette CountyChancery Building. All the aldermen present lotingaye, Mayor Patterson declared the 111('ti0I1 can ied.IGeorge G. Patterson, MayorI

111lMINUTE1&86KlHaL

112I,IMINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-226I, City Clerk of the City of Oxford, Mississippi, or a Deputy Clerk. do herebycertif) t~at \ I have notified, Alderman Preston Taylor of the fore[wing meeting"" y;J 11-" ~ ds "m~~~I, City Clerk of the City of Oxford, Mississippi, or a Deputv Clerk. til' herebycertify th t I 1ave notified Alderman Jas Bailev of the foregoing !11e~til1gon ' t 4~'15 a.m.A .1 .' - -. -~v~~~ -- -------- --I, City Clerk of the City of Oxford, Mississippi, or a Deputy Clerk. do herd"certify thaI I j1ave notified Alderman Jo'w, Morgan of the toregoing meetingon ~Plr- at lj't '-15 a.~ ____ _III

,113MINUTE BOOK No. 63, CITY OF. OXF.ORDDEMENT-MERIDIAN 61-Q226Mayor and Board of Aldermen of the City ofOxford did meet at I :00 p.m. on Friday, June 8,2012 in the court room of City Hall when and wherethe following were present:IGeorge G. Patterson- MayorNey Williams- Alderman Ward IE.O. Oliver- Alderman Ward IIJanice Antonow- Alderman Ward IIIPreston Taylor- Alderman Ward VJason Bailey- Alderman Ward VIJohn Morgan- Alderman At-LargeLisa Carwyle - City ClerkReanna Mayoral- Ass\. EngineerTim Akers- Director of PlanningPaul Watkins- CounselElise Atkins- CounselIAGENDA:EXECUTIVE SESSION:REGULAR SESSION:A.OJOURN:It was moved by Alderman Antonow, seconded byAlderman Morgan to adopt the agenda for themeeting. All the aldermen present voting aye,Mayor Patterson declared the motion carried.It was moved by Alderman Morgan, seconded byAlderman Antonow to consider executive sessionfor a possible acquisition of property. All thealdermen present voting aye, Mayor Pattersondeclared the motion carried.It was moved by Alderman Antonow, seconded byAlderman Bailey to go into executive session. Allthe aldermen present voting aye, Mayor Pattersondeclared the motion carried.It was moved by Alderman Morgan, seconded byAlderman Antonow to go into regular session. Allthe aldermen present voting aye, Mayor Pallersondeclared the motion carried.It was moved by Alderman Bailey, seconded byAlderman Williams to adjourn the meeting sine-die.All the aldermen present voting aye, MayorPatterson declared the motion carried.I-----c--------:c-:------George G. Patterson, Mayor

114UNITEII)/W)lJ!I~~~ No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-226~ATE~FMISSISSIPPII,COUNTY OF LAF A YETTECITY OF OXFORDRECESSED MEETINGCALL TO ORDER:BAPTIST MEMORIALHOSPITAL CON:June 15,20129:00 a.m.Pursuant to the order of June 5, 2012 the 1\18)Or and Boardof Aldermen did meet at 9:00 a.m. on Friday . . .!une 15.2012,in the conference room of the Oxford Electric Departmentwhen and where the following were present:George "Pat" Patterson - MayorJanice Antonow- Alderman Ward ][JPreston Taylor - Alderman Ward VJason Bailey- Alderman Ward VIBart Robinson-Chief Operations OfficerLisa Carwyle- City ClerkDick Cowart with Baptist Memorial H05pital pres~lltedinformation related to the Certificate of Need application tothe members of the board.IAlderman Williams joined the meeting at this time, therefore a quorum \Vas present.AGENDA:ADVERTISE:EXECUTIVE SESSION:REGULAR SESSION:ADJOURN:It was moved by Alderman Antonow. seconded I"Alderman Williams to adopt the agenda [(lr the meeting.All the aldermen present voting aye. Mayor Pattersondeclared the motion carried.It was moved by Alderman Williams. secopcled hvAlderman Taylor to authorize advertisement f(,r hid for abulldozer for the landfill. All the aldermen present v()tingaye, Mayor Patterson declared the l11otiol1 carried.It was moved by Alderman Williams. seconded bvAlderman Bailey to consider executive 5ession I(n thepossible purchase of property. All the aldermen presentvoting aye, Mayor Patterson declared the 111otiol1 carried.It was moved by Alderman Antonow. seconded 11\Alderman Bailey to go into executive se5Sioll. ·\11 thealdermen present voting aye. Mayor Patter50n dec lared themotion carried.It was moved by Alderman Antono\\. secC'nded hvAlderman Taylor to come out of executive se55i(lll andreturn to regular session. All the aldernrell present v'otingaye, Mayor Patterson declared the motion carried.It was moved by Alderman Howell. seconded bv ,\Irlennan'Oliver to acliourn the meeting sine-die. \11 the alderme!1present voting aye. Mayor Patterson declmed the Illcotioncarried.IIGeorge G. Patterson, Mayor

I~I115MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0226UNITED STATES OF AMERICASf A IE OF IvllSSISS[PPIICOUNTY OF LAFAYETTECITY OF OXFORDREGlILAI( tdEETINClJune 19,20126:00 p.m.C.l.LL TO ORDER:The meeting of the Mayor and Board of Aldermenof the City of Oxford, Mississippi, was called toorder by Mayor Patterson at 6:00 p.m. on Tuesday,June 19,2012, in the court room of City Hall whenand where the following were present:George G. Patterson - MayorNey Williams- Alderman Ward IE.O. Oliver- Alderman Ward IIJanice Antonow- Alderman Ward IIIUlysses Howell- Alderman Ward IVPreston Taylor- Alderman Ward VJason Bailey- Alderman Ward VIJohn Morgan - Alderman at LargeIMayo Mallette PLLC - Of CounselBart Robinson- Director of Public WorksLisa Carwyle- City ClerkKatrina Hourin- Asst. Dir of PlanningMike Martin- Chief Oxford Police DeptCary Sallis- Chief of Fire DeptLynn Robbins - Supt. of Elec DeptRandy Russell- Dir. of SanitationAl Hope- Dir of Human ResourcesBilly Lamb- Supt of Building & GroundsJimmy Allgood- Director of Emerg. ManagementBo Ragon- Director of City ShopIAGENDAI'vlINU1TS:ACCOUNTSCHANGE IN MEETING:It was moved by Alderman Howell, seconded byAlderman Bailey to adopt the agenda for themeeting. All the aldermen present voting aye,Mayor Patterson declared the motion carried.It was moved by Alderman Antonow, seconded byAlderman Williams to adopt the minutes of theregular meeting on June 5, 2012, the specialmeeting on June 8, 2012 and the recessed meetingon June 15, 2012. All the aldermen present votingaye, Mayor Patterson declared the motion carried.It was moved by Alderman Howell, seconded byAlderman Morgan to approve the payment of allaccounts for the City. All the aldermen presentvoting aye, Mayor Patterson declared the motioncarried.It was moved by Alderman Morgan, seconded byAlderman Antonow to authorize the change of the

116)MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-226first meeting in July from Tuesday. Juh J. 2012 toMonday, July 2,2012. All the aldermen l "ting ale.Mayor Patterson declared the motion c8rried.OXFORD RESERVEAND TRUST COMMITTEE:RETIREMENTPROCLAMATION:It was moved by Alderman 1\·lorgan. se':nncled b,Alderman Antonow to authorize the al'>'ointment Pi"Dennis Ford to replace Jack Dunbar, \\ Iwse termexpires August 2012 on the Oxford Resene andTrust Committee. This will be a t\\(l ,ear term, Allthe aldermen voting aye. Mayor Patterson declaredthe motion carried.It was moved by Alderman Williams, secollded blAlderman Oliver to appoint Jason Bailey to fill theunexpired term of Brad I\la),o. "hose term expiresAugust 2013. on the Oxfi:)rd Rescn'e and TrustCommittee. All the aldermen yoting ale. MalorPatterson declared the Illation carried.It was moved by Alderman Antcl,j('\\. seconded hAlderman Howell to adopt the iClll(llvingproclamation in honor of Randy Rll5sell, \11 thealdermen voting aye. Mayor l'atter"'ll declared themotion carried.III

MINUTE BOOCITY OFOF OXFORD117, ,:Jl:Eso£vnO%I\\'hereas, Randall G. Russell has been a valued employee of the City of Oxfordsillce February 9, 1978, establishing himself as a valuable resource and respectedcUlwng not only his fellow workers but the entire Oxford and lafayette Countycommunity; and/' ",., -:1: " :'1 J ", , ,_' ,c(;J'lt:,,,,Whereas, Randall G. kussell, With h~s'geJi(;iion, ~owted&f.~!1d abilities hasexcelled while working fortheCity of Oxford, wheiet-fle>~jfJm )yed as the Solid\\'aSk Deparrment Director; and ~~~n1t\\'hereas, Randall G. Russell's cOli1ptdlensive·khowliigF~~,. of his jdlJ,W: '.,JnJssed; and"-'/ "\-'. I·Whereas, R"nclall G. Russell has alwa,ys shown a W 1.lJlLl)'lor proje,CE when needed; ',II\\'hereas, Randall G. Russell has maci~'a . , .commendably high standard ofseryicnQ it§.fi1E~eIfryexemplary willingness, patieqce-aml c.O\lr1:~sv;."n(:icD~§r)eC,en'eel;Now,through aby the!ULJlLU1~ heThat the Solid Waste Department, Mayor and 13QafQf;WOxford express t leiL§illllff!~~l~E~fi!atJ.elrrof the City ofgratitude to:RandatT(i. :RussetThw his work lcl1 behalf of the Solid Waste Department and community, we extendto him all the best wishes for a happy and enriching retirement.IBe it further resolved that a copy of trus resolution be spread upon the minutes ofthe City of Oxford and that a copy of same be presented to Randall G, Russell onthis day, the 30th of June, 2012.l\layor C;corge G. Patterson Alderman E. O. Oliver Alderman Preston TaylorAlcicrman Ulysses Howell AldermanJanice Amonow AldermanJason Bailey.-\lderman John MorganAlderman Ney Williams

118MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-226PARKING REQUESTFROM LYRIC:Bradley Bishop came before the Ma,·c". and Boardof Aldermen to request use of loading 70"~ directl,behind The Lyric on Ilarrison Ihenue and anadditional loading zone on the NE corner (IfHarrison Ave. and S. ll'h Street bet\\ccn 2:30 p.m.and 5:00 p.m. on Wednesday, June 27.2012. The\are also requesting to use the OUT bus lone on theeast side of the Square for approximatelY sevent\,­five minutes. The Lyric is hosting a COlJeert on thisday featuring The Flaming Lips and Grace Pott~r.It was moved by Alderman AntnllC1\\', seconded 1:1\Alderman Taylor to grant the parking req,'cst f,'olHThe Lyric. All the aldermen yoting aye, ~ lay-orPatterson declared the motion carried.III

.,june 15, 2012119MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0226e Lyric Oxford in conjunction with the Viacom family of networks MTV, VH 1, and CMT will host ac ncert featuring The Flaming Lips and Grace Potter on Wednesday, june 27, 2012. The show will bert of The 0 Music Awards, will be streamed live on VH1.com, and will be broadcast internationally onTV and VHllater this year. A press release outlining the event is attached within this packet.Ilis event as already sold over $35,000.00 worth of ticket sales (proceeds are going to charity) and willing Ilundreds of visitors from outside of Oxford to eat in our restaurants and stay in our hotels.vcr the past two months, I have met several times with members of the parking committee and policepanment in hopes of corning up with a viable plan for the parking and loading/unloading of busesld tnilers at The Lyric. Those conversations have been very productive and it is our goal to have ang term solution in place by mid-August.his a very special opportunity for us and The City of Oxford, yet one that requires more production andt us llIore loading/unloading space than we would ever typically need. The business is asking for thelard's approval for the following:Beginning at approximately 2:00 PM On Wednesday, june 27, 2012 we are seeking to park one busith a trailer and a TV truck in the loading zone directly behind The Lyric on Harrison Ave. between S.th and S. 11th St. and one bus with trailer in the loading zone on the NE corner of Harrison Ave. and S.1 tho Each bus with trailer measures approximately 60' in length and the TV truck measures~ proximately 40' in length. The current law allows thirty minutes for commercial vehicles to load and4nloa

120MINUTE BOOK No. 63, CITY OF OXFORDDeMeN,MeR,D"N"'"~~-~II,Courthouse6'(,•'f' .) tj '" 11:00P I -12:30AMisE.sL-SoV>IArrive at 1 PMArrive at 2PMI~ I

4121MINUTE BOOK No. 63, CITY OF OXFORD DEMENT-MERIDIAN 61-0226SRO AGREEMENT:It was moved by Aldennan Morgan, seconded byAldennan Williams to approve the SRO Agreementwith the Oxford School District. All the aldennenvoting aye, Mayor Patterson declared the motioncarried.ILOCAL COOPERATION AGREEMENT AMONG THE CITY OFOXFORD, MISSISSIPPI, AND THE OXFORD SCHOOl DISTRICTREGARDING THE SCHOOl RESOURCE OFFICER PROGRAMTHIS AGREEIVIENT is entered into as of the date shown at the end of this agreement by the Cityof O"iord, MISSissippi, a municipality duly authorized, established and existing under the laws of theState of Mississippi ("the City"), and the Oxford School District, a separate municipal school districtauthorized, established and existing under the laws of the State of lVIississippi ("the District")I CG Ilecilvely. "the Pa rtles"). This Agreement is entered in accordance with the provisions of Section 17-I13·1 e[ seq of the lVIississippi Code of 1972, Annotated, as amended ("Interlocal Cooperation Act of197 4").WHERAS, the Interlocal Cooperation Act of 1974 authorizes any two or more local governmentalunits to enter into a written contractual agreement with one another to jOintly provide services andfacilities and to jointly exercise and carry out power, authority, or responsibility exercised or capable ofbeing exercised by a local governmental unit; andWHEREAS, the City and the District are local governmental units as defined by MISS. CODE ANN. §17-13-5(a) and are each governed by a Governing Authority as defined by MISs. CODE ANN. § 17-13-5(b);andWHEREI'.5, the City has the authority to provide police protection and to receive and spendfunds related to the provision of such police protection; andIWHEREAS, the City and the District have each found that there is a need for uniformed policeofficers ("School Resource Officers") to patrol the buildings and grounds of the District, to deter crime atthe schools, to assist the District if a crime occurs on school property or at a school event, and to assistin providing educational training when requested to do so by the District; and1

122Resource Officers whose primary responsibilities will be to patrol the buildings and campuses of theDistrict and be on duty at certain extracurricular school functions and will also periorrn the regula Iduties required of an Officer of the City's Police Department.NOW, THEREFORE, pursuant to the provisions of the Interlocal Cooperation f\e' 0' '~9j{,CODE ANN. §§ 21-19-49 and 37-7-321, the approval of the City's Board of Aldermen by resolution entered1,1Iss~IOn its minutes dated _________ , and the approval of the District's Board of Trustees rnresolution entered On its minutes dated ________ , the parties do herebv adopt thisAgreement:SECTION I. GENERAL PROVISIONSThis agreement ("the agreement") is entered in accordance with the authorization of the InterlocalCooperation Act of 1974 as it now appears. All provisions set forth in the Act are incorporated hereinand made a part hereof. It is the intent of the parties to this Agreement that such authority as isgranted by the Act shall be exercisable by the Parties to enable them to accomplish the purposes of thisAgreement.ISECTION II. PURPOSEThe purpose of this Agreement is to provide authority for the City to receive monetarycontributions from the District to assist in funding the positions of School Resource Officers to beassigned for duty with the District. This Agreement is also made to provide authority for the City toassist in providing such funding and to appoint certain employees of its Police Department ("theDepartment") as School Resource Officers ("SROs") in the District's various schools.2I

123 lMINUTE BOeK I

124Officers to the same extent it provides such benefits to its other employees and police officers. Allofthe City's employment policies shall remain in force with respect to School Resource Officers. No School'Resource Officer shall accept or be paid any compensation from anv source except hi:; 0, he:- regularsalary and benefits through the City.The Parties recognize that the duties of a School Resource Officer may require the Officer to beIaway from his m her assigned campus during the school day. School Resource Officer' sh,,11 notif\' theschool principal, an assistant principal, or the school office manager any time the Officer le~\fes his 01"her assigned campus.The Parties recognize that, in the event of an emergency or natural disaster. the Chief of Policemay order School Resource Officers to perform duties away from their normal on-campus ilssignments.In the event that such temporary reassignments become necessary, the School Resource Officer C"ptain'or his or her designee will inform the Superintendent of all reassignments. To the extent possible underthe cirCUmstances, the City agrees to provide adequate police protection to the District's vilriouscampuses during any emergency or natural disaster.C. PaymentThe District agrees to reimburse the City in an amount equal to the salary and fringe benefitsIpaid to the School Resource Officer Captain and three (3) School Resource Officers. The Districtspecifically agrees to reimburse the City for the salaries and fringe benefits for Captain Zampella andOfficers Edge, Sneed, and Thomas. The District recognizes that the salary and benefit levels of SchoolResource Officers are set according to the policies of the City and its Police Department and may not bealtered by the District. In the event that any of the above-named officers are reass"gned, the Districtagrees to reimburse the City for the salaries and fringe benefits of their replacements. The City willinvoice the District for these expenses on an annual basis.4I~ I!

125D. HouWNtlJfrEnBOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0226Unless otherwise requested by the Superintendent or the school principal, each School ResourceOliice!"'s norrr,al hours of work shall be Monday through Friday. 7:00 a.m. to 3:30 p.m. School ResourceOfh.:ers may aiso be requested to attend various District-sponsored events and extracurricular activitiesI assignments"' me" asslgneo campuses. at other District property, or in other locations. All such additionalshall be approved by the School Resource Officer Captain.1'.11 ave",me rm School Resource Officers shall be requested and approved according to the City'spolicies. Schooi Resource Ofiicers may elect to receive "comp time" in lieu of overtime pay, but noSchool Resource Officer may accumulate more than 480 hours of "comp time." School ResourceOfficers are expected to use "comp time" or take vacation leave any time their assigned schools areclosed 01 recessed for holidays. School Resource Officers who do not use "comp time" during thesetimes will be reassigned to their duties with the CitV's Police Department.The District understands that School Resource Officers may elect to receive either overtime payor "comp time" for overtime worked by submitting appropriate documentation to the City's HumanResources Department. The City will compensate School Resource Officers for overtime pay accrued inreceive overtime pay rather than "comp time." The City agrees to inform the District of any suchelection by any School Resource Officer, and the District reserves the right to restrict the use ofovertime by any officer who elects to receive overtime pay rather than "comp time."5I

126A. QualificationsEach applicant for the position of School Resource Officer:shall be an officer of the Oxford Police Department with at least thre~ (3) vears elfexperience;must be certified by the Law Enforcement Officers Training Academ\,:Imust complete the Basic SRO Training Class within one year of his or h'?f initial ;:mplJintnl'C'tltjmust be a volunteer for the appointment;must have the necessary demeanor and communication skills to work with students,parents, and school personnel; andmust possess such other qualifications and traits as deemed necessary by the City and theDistrict.Each applicant for the position of School Resource Officer Captain:must meet all qualification required of a School Resource Officer;must have served as a School Resource Officer for a minimum of three (3) years:must be an officer of the Oxford Police Department with a minimum rank of senior officer;andImust have supervisory and management experience.B. AppointmentCandidates for School Resource Officer positions shall be interviewed by the City's Chief ofPolice, the School Resource Officer Captain, and the principal of the school at which the SchoolResource Officer is to be assigned. No candidate shall be appointed without the approval of theschool principal and the Chief of Police.6I

127If the DIMtNUTrBeB9C!!)K tNG~c63 R~'fc~Gf'0()X~R0urce, DEMENT-MERIDIAN 61-0226Officel' Captain is not effectively performing his or her duties and should possibly be removed fromn,s or hel' assignment, the Superintendent shall notify the Chief of Police. If the principal of aDistrict senool finds that the School Resource Officer assigned to his or her school is not effectivelyIperforll"n~1115 01 her duties, he or she shall notify the District's Superintendent or her designeeand detail his or her complaints. If the Superintendent determines there is validity to theprlflcipal's complaint, she shall promptly advise the School Resource Officer Captain and the Chiefof Police of the principal's complaint.Upon receipt of any such request, the Chief of Police may schedule a meeting with the SchoolResource Officer Captain, the District's Superintendent, and any other District personnel deemednecessary by the Superintendent in order to attempt to resolve the problem.If no resolution is reached that is satisfactory to the Chief of Police, the School Resource OfficerCaptain, and the Superintendent, the Chief of Police will transfer the School Resource Officerfrom the school and a replacement School Resource Officer shall be sought.The chief of Police retains the discretion to reassign any School Resource Officer at any time.IThe Chief of Police will attempt to avoid reassignments in the middle of a school year. Any SchoolResource Officer who wishes to be reassigned shall inform the School Resource Officer Captain ofthat request in writing.SECTION VI. DUTIES AND RESPONSIBILITIESA. School Resource Officer DutiesThe School Resource Officer shall:be familiar with his or her assigned District campus and its administration, staff, students,and faculty.7I

128rsuch action.give assistance to other law enforcement officers in matters related to his or hei sellOolassignment!s) whenever necessary.act as an instructor for specialized, short term programs at the 5:::-hool 2S reQUest:>c1 b\ theschool principal.Iserve as a guest speaker when requested bV the school principal.coordinate all of his or her activities with the school principal and affected staff membersand seek permission and guidance before enacting any program at the school.attend parent/faculty meetings as requested in order to solicit support and understandingof the School Resource Officer program.be available to conference with students, parents and faculty members in order to assistthem with problems of a law enforcement or crime prevention nature. Confidentialinformation shall not be disclosed except as provided by law or court orcier.make necessary referrals to community agencies offering assistance to stucients and theirfamilies such as: mental health clinics, drug treatment centers, etc.assist the school principal and staff in developing plans and strategies to prevent andImanage potentially dangerous situations.adhere to Oxford Police Department policy with respect to any a nd all formal policeactivities.assist with lunchroom duties or hall monitoring duties when there is a pattern of crime in aarea or when requested by a school principal or assistant principal.provide assistance and police protection at school-related events and extracurricularactivities.8I

I~129findings to the school principal, the District's Superintendent, and the Chief of Police forcorrective actions.Assist in day-ta-day operations to ensure safe and orderly schools.I5. ScroD:>i ResourcE: Officer Captain DutiesThe School Resource Officer Captain shall have the same duties as i3~ch661~esourceOfficer;-aswei: as lhe following duties:The School Resource Officer Captain is responsible for the immediate supervision,schedullllg, and training of all School Resource Officers.The School Resource Officer Captain shall assist School Resource Officer, G.R.E.A.T. Officers,night security officers, and School Safety Officers as needed.The School Resource Officer Captain shall promptly notify affected school principals of anychanges to the School Resource Officer schedule.The School Resource Officer Captain shall maintain an Incident Log and provide monthlyreports to the District's Superintendent.IThe School Resource Officer Captain shall approve School Resource Officer reports andmonitor all School Resource Officer activity to ensure compliance with all Oxford PoliceDepartment policies.The School Resource Officer Captain shall serve as liaison to the District. All complaints orproblems with a School Resource Officer shall first be brought to the attention of the SchoolResource Officer Captain through the Superintendent or her designee.The School Resource Officer Captain shall maintain detailed and accurate records of theoperations of the School Resource Officer Program, and shall submit any other reports asrequired by District Staff.9I

130c. MINIJI~nBQQK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-226The District shall provide each full-time School Resource Officer with:Access to a heated and air-conditioned private office that is properly lighted and contains atelephone which may be used for general business purposes.A desk with drawers, a chair, a lockable file cabinet, office SLlppn~S compl!te:- '::lIlc: comf)ut",1 !supplies when needed.IA school radio.SECTION VII. GENERAL PROVISIONSA. Extension and AmendmentThis Agreement shall terminate at the end of the 2012-2013 school year unless the Parties bothagree to extend it The Parties may terminate or amend this Agreement earlier, but only withapproval of the governing authorities of both Parties. Any amendments must be approved bythe Attorney General of the State of Mississippi.B. ApprovalThe District and the City have each approved the entering into of this Agreement by resolutionentered on the minutes of the governing authorities,IC. Laws in EffectUpon approval of this Agreement by the Attorney General of the State of Mississippi. the Cityand District will be authorized to implement this Agreement; provided, however, all laws inregard to purchases, auditing, depositories and expenditures in general which limit the authoritYIof the City and District shall continue to apply.II10I

131D. Rights iMINUTE BOOK No. 63, CITY OF OXFORDDEMENT·MERIDIAN 61-0226Nothing in this Agreement shall be construed to abridge any of the rights, privileges, andimmuilities enjoyed by the governmental entities and public officials which are parties hereto.E. SeverancEIIf an\, parr. term or provision of this Agreement shall be held illegal, unenforceable or in conflictwith am' law of a federal, state or local government having jurisdiction over this.4greemem, the validity of the remaining portions or provisions shall not be affected thereby.F. Entirc AgreementThe agreements set forth herein constitute the entire agreement by and between the Districtand City.G. Applicable LawThis Agreement is governed by Mississippi law.H. OrganizationThis Agreement creates no new board, agency or entity of any kind.I. Joint propertyIThis agreement creates no joint property not existing before its execution.J. LiabilityEach Party to this Agreement shall assume responsibility for any acts of negligence which maybe attributed to it or its employees or agents, to the extent authorized by MISS. CODE ANN. §§ 11-46-1 et seq. of the Mississippi Code of 1972, Annotated, as amended; the Mississippi Tort ClaimsAct, and any other applicable federal, state, or local laws or regulations. Nothing in thisAgreement shall be construed as an obligation by either party to indemnify the other that wouldnot be authorized under applicable law.11I

132r-herein indicated.BOARD OF TRUSTEES OF OXFORD SCHOOl D!STRIq:TBy:------------------DR. BELA 1. CHAI~, JR., PP,E5I[)ElJTIDate _________________ _Attest:Date: ________________________ _State of MississippiCounty of LafayettePersonally appeared before me, the undersigned authority in and for the jurisdiction aforesaid,DR. BELA J. CHAIN, JR., who, being first duly sworn, states under oath that he is the President of the Boa dof Trustees of the OXFORD SCHOOL DISTRICT, who acknowledged before me that he signed, seilled anddelivered the foregoing INTERLOCAL AGREEMENT for and on behalf of the OXFORD SCHOOL DISTRICT after Ibeing first authorized to do so,GIVEN under my hand and official seal of office on this the __ day of ____ , 2012.IMy Commission Expires: _________ _Notary Public12I'II... rl

133MINUTE BOOK No. 63, CITY OF OXFORDDEMENT·MERIDIAN 61-0226--------~----ICITY OF OXFORD, MISSISSIPPIBy: GEORGE PATTERSON, MAYORDate: ______________ ___Attest:Date: ________________ _State of MississippiCounty of LafayetteIPersonally appeared before me, the undersigned authority in and for the jurisdiction aforesaid,GEORGE PATTERSON, who, being first duly sworn, states under oath that he is the Mayor of the City ofOxtord, Mississippi _ and who acknowledged before me that he signed, sealed and delivered theforegoing INTERLOCAL AGREEMENT for and on behalf of the CITY OF OXFORD, MISSISSIPPI, after being fi rstauthorized to do so.GIVEN under my hand and official seal of office on this the __ day of _____ , 2012.My Commission Expires: ______________ ___Notary Public13I

134MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-226--lHISTORIC PRESERVATIONCOMMISSION:Mayor Patterson announced the vacann on theHistoric Preservation Commissinn.IiFARMER'S MARKETGRANT:PRELIMINARY AND FINALPLAT:Lynn Wilkins carne before the Ma\,'r and l3(lcrd ofAldermen to request the recipient of the USDAFarmer's Market Grant be changed frolll O:delrdPark Commission to the City. The Local Priv81elegislation requested by the City which would allowthe OPC to run a Farmer's Market was notapproved by the state. Pope Mallette repC'I'ted therewas an old statute that would allm\ for" City ill runa curb market. The other legal option 'wldd I-e fe)!'the City to donate funds to a certified Fanner'sMarket. The USDA grant excludes cal'iw!expenditures for the market. Mone\ nc~ds !p hespent in the month of June hom the grant. I f theCity accepts the grant it is agreeing to (ll\'n a11'1operate a farmer's I\larket.It was moved by Alderman Morgan, seconded b\Alderman Antonow to accept the USD,\ Grant andto operate a Farmer's Market. Ihe vote \\as asfollows:Voting Aye- Morgan, Bailey, AntonoY', \\ i I! i"1115and TaylorVoting No- Oliver and HowellMayor Patterson declared the motion carried.It was moved by Alderman Antono\v, seconded h\Alderman Bailey to approve the preliminan 811'.1final plat for Old Town Shopping Center .. \11 thealdermen voting aye. Mayor Pattersclll (lec!? .. ed themotion carried.III

,I ~135MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0226/1/··I!1i\!p_=¥Il.i=- "~!~rI);

136MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-226l'ABANDONMENT OFNORTH 4tH STREET:There has been a request li'olll a dn'el')p~r If'r theCity to abandon a portion of North 41h Strp~1. I hiswould allow development 011 bOlh sides of thecurrent street. Bart Robinson h~s talkeu \',itlt theSchool District and they have no objections tu theabandonment of the street. IIarrison F \'81lS,property owner adjacent to the street. sac's he'stalked with the developer and thev will gi\ e himaccess and the development \ViII help "ilh gradeproblems he currently has 011 his propert\,IIIThe aldermen discussed waiting until site planapproval before fm1her considering al'3nclolllnent ofNorth 41h Street.II

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13871I,I1I'I,"MINUTE BOOK No. 63, CITY OF OXFORD:~=~~~~~ DEMENT-MERIDIAN 61·226,rSum of AmountAcctTy Acel400401402403408415416417419421426427426431--Total RevenueiT otal E!eenses,,-ELECTRIC DEPARTMENTBUDGET:1, , OXFORD ELECTRIC DEPARTMENT!, IiProposed Budget 2013• - - I!It was moved by Alderman Hmwll. sec-owle(i b,Alderman Morgan to adopt the f()lIo\\ing Fle';t':i"Department budget for 2013. All the 81depllfTlvoting aye, Mayor Patterson declared the J1lotinllcarried.440 $8,699,802 400440·2000 RESD SALES441 $4,949,793 400441-0000 SMALL LlGHT&POWER4" $9,372,873 400442-0000 LARGE LlGIH&POWf;'R"4 $556,700 400444_0000 STREF.T & ATII LIGHT444.1 $201,678 400444-1000 OUTDOOR UGHT450 $151,032 400450-0000 FOR DISCOUNTS451 $148,981 400451-0000 Mise SER REV!COLL·REcor~454 $83,971 400454_0000 RENT/PROPERTY456 $56 $24,164,887 400456-0000 OTHER REV555 $18.'29~,Q~~ j $18,299,085 401555-0000 PURCHASED rOWER5BO$112,288 1 401560-0000 OrERATIN(, EXPENSFOS & EI-IGII-JEFf:;IIJG58'1$26,673 ',! 401582-0000 orER-STMIOtJ roXPEIlSE1583$7-,i~~ ,: 4015B3-0000 Ot'ER-OVERfiEAD uriE EXPEHSF:584 $) 62 1401584-0000 OPER UD IINF: EXPENSE5B5 ,,$30~ : , 4015B5-0000 OPER-STREF:T LlGHTiSIGIl,\L EXPEI!SE5B6 ! $85,417I401586-0000 OPER-METER EXPENSE567 $12,i91 I 4015B7 -0000 OPER-CUS1INsrALLATIONISFCURIT'y EX,5B8 $~~,~5? 4015BB-0000 OPER-MISC DISTRIBUTION EYP5B9901,i$7,046 ' $291,148 4015B9·0000 OPER-Rnns,$6,060 ',401901-0000 OPER-CUSTOMER SUPE:f

.,8139IMINUTE BOOK No. 63, CITY OF OXFORDDEMENT·MERIDIAN 61-0226IVPP.'\ CElnlFIED POWERLXECUTlVt COURSE:PROPERTY!tYIDENCEROOrvl t,L\NAGEMENT:It was moved by Alderman Morgan, seconded byAlderman Antonow to authorize the AssistantSuperintendent to travel to Nashville, TN on July17-18,2012 at a cost of $1462.00 for the TVPPACertified Power Executive Course. All (healdem1en voting aye, Mayor Patterson declared themotion carried.It was moved by Alderman Bailey, seconded byAlderman Howell to approve two officers to attendProperty/Evidence Room Management training onJuly 23-24,2012 in Ridgeland, MS at a cost of$430.00. All the aldermen voting aye, MayorPatterson declared the motion carried.I,OC SPiny INSTRUCTORCOURSE:It was moved by Alderman Bailey, seconded byAlderman Morgan to approve two officers to attendthe OC Spray Instructor Course on August 2, 2012in Moorhead, MS at a cost of$350.00. All thealdermen voting aye, Mayor Patterson declared themotion carried.IIt was moved by Alderman Antonow, seconded byAlderman Morgan to accept the retirement of Ass!.Chief Rex Hollowell and to read his retirementresolution. All the aldermen voting aye, MayorPatterson declared the motion carried.ILrv] I' LOYf\] I'NT:ADVLRTISFlVlENT:1f\]PLOY]\ILNT LAW:PROI\]( i liONS:It was moved by Alderman Williams, seconded byAlderman Morgan to authorize the employment ofMorgan Pennington as Executive Assistant to theMayor with a salary of $30,215.26. All thealdermen voting aye, Mayor Patterson declared themotion carried.It was moved by Alderman Howell, seconded byAlderman Bailey to authorize the advertisement fora pool of firefighters. All the aldermen voting aye,Mayor Patterson declared the motion carried.It was moved by Alderman Howell, seconded byAlderman Antonow to authorize travel for twoHuman Resource employees to attend theEmployment Law Seminar in Biloxi, MS on August9-10,2012 with a cost of $1800.00. All thealdermen voting aye, Mayor Patterson declared themotion carried.It was moved by Alderman Antonow, seconded byAlderman Williams to authorize the promotion ofRob Neely from Assistant Superintendent toSuperintendent of the Electric Department with asalary of $85,071.55. It was also moved toauthorize the promotion of Russell Robertson fromServiceman to Service Department Supervisor witha salary of $43,65920. All the aldermen votingaye, Mayor Patterson declared the motion carried.

140 9MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-226EXECUTIVE SESSION:PURCHASE OF PROPERTY:REGULAR SESSION:It was moved by Alderman Morgan. secol\d~d I"Alderman Bailey to consider executi\e sessinll ir.Jrone personnel issue and acquisition nfpwpertL ;\11the aldermen present voting aye. l\lay(n Pattersondeclared the motion carried,It was moved by Alderman Morgan. sccr)nried ),\Alderman Howell to go into execllti\c se"i"" .\11the aldermen present voting aye. 1\'!RVflr r"llel,,'ndeclared the motion carried.It was moved by Alderman M(H!wn. se'!owled I,\,Alderman Bailey to authorize cOlln,eL POI'eMallette, to extend a proposed contract tt' 1kHzProperties for purchase of propert\'. :\ 11 thealdermen voting aye. Mayor Patterson declared themotion carried.It was moved by Alderman Antono,,'. sCC

141MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0225UNITED STATES OF AMERICASTATI' OF tvllSSISSIPPIICOUN lY OF LAFAYETTECITY OF OXFORDREGULAR MEETINGJuly 2, 20126:00 p.m.C'.-\LL TO OIWER:The meeting of the Mayor and Board of Aldermenof the City of Oxford, Mississippi, was called toorder by Mayor Patterson at 6:00 p.m. on Monday,July 2,2012, in the court room of City Hall whenand where the following were present:George G. Patterson - MayorNey Williams- Alderman Ward IE.O. Oliver- Alderman Ward IIJanice Antonow- Alderman Ward IIIUlysses Howell- Alderman Ward IVPreston Taylor- Alderman Ward VJason Bailey- Alderman Ward VIIMayo Mallette PLLC - Of CounselBart Robinson- Director of Public WorksLisa Carwyle- City ClerkTim Akers - Dir of PlanningMike Martin- Chief Oxford Police DeptCary Sallis- Chief of Fire DeptRob Neely- Supt. of Elec DeptEddie Anderson- Dir. of SanitationAl Hope- Dir of Human ResourcesBilly Lamb- Supt of Building & GroundsJimmy Allgood- Director of Emerg. ManagementIAGENDA:1\IINurES:ACCOUNTS:-Ilh OF JULY:It was moved by Alderman Howell, seconded byAlderman Williams to adopt the agenda for themeeting. All the aldermen present voting aye,Mayor Patterson declared the motion carried.It was moved by Alderman Antonow, seconded byAlderman Howell to adopt the minutes of theregular meeting on June 19,2012. All the aldermenpresent voting aye, Mayor Patterson declared themotion carried.It was moved by Alderman Antonow, seconded byAlderman Howell to approve the payment of allaccounts for the City. All the aldermen presentvoting aye, Mayor Patterson declared the motioncarried.It was moved by Alderman Oliver, seconded byAlderman Howell to authorize a $2,500.00contribution to the 4th of July committee. All the

142I~---IIMINUTE BOOK No. 63, CITY OF OXFORDDEMENT·MERIDIAN 61-226PROCLAMATION:aldermen present voting aye, l\layor P8((er~()Jldeclared the motion carried.It was moved by Alderman AntonOl\_ sec(,"ded b\Alderman Williams to adopt retirementproclamations for Wayne Hanks and f\like (,(,llinsin the Police Department. All the al,leilllen presentvoting aye, Mayor Patterson declared the Illoti,,,]carried.IHISTORIC PRESERVATIONCOMMISSION:HISTORIC PRESERVATIONCOMMISSION:OXFORD RESERVE ANDTRUST COMMISSION:It was moved by Alderman A11tono\\ _ sec(lnded b\Alderman Williams to reappoint Sonia Thnll]!'s,)r!.Brian Hyneman. and .letT Asti to the IlistoricPreservation COlllmission. All the aldermen I'reselltvoting aye, Mayor Patterson declared the 1]1'.'tioncarried.It was moved by Alderman Antol1o\-,. secorv.lc(i I"Alderman Williams to appoint C8mh,:c \'an,,'11 tilthe Historic Preservation Commissir'll. ;\11 til':aldermen present voting aye. Ma\or Fa((ersondeclared the motion carried.Eddie Aune came before the Ma\or awl Buard (lCAldermen to report on the Oxford Reserve andTrust Fund. The year end of the truSl ;S ;vlarch 3 ,_2012_ The trust was established on i\Ugust 9_ 2011but the funds were only invested with (i1enmede fora few days before the fiscal year end. lhe halanceon March 31,2012 was $JO.123_79cj(l/)II

.,MINUTE BOOK No. 63, CITY OF OXFORD143DEMENT-MERIDIAN 61·0226IClTY OF OXFORD MUNICIPAL RESERVE AND TRUST FUNDFIRST ANNUAL REPORT OF THE BOARD OF TRUSTEESMARCH 31,2012II

144M_I_N_U_T_E_B~O~O~K~N~O~.==c=6~3~, C~I~T~Y~O~F~O~X~F~O~R~D~=DEM=EN'M=ER'D="N~"226. .. CQm~mS IIPagers}Letter of Transmittal from Board of Trustees 2Independent Accountants' Compilation Report 3Statement of Assets, Liabilities and Trust Equity - Cash Basis 4IStatement of Support, Revenue, Expensesand Changes in of Trust Equity - Cash Basis 5Statement of Cash Flows 6Notes to Financial Statements 7-9I- I -I

,II~LETTER OF TRANS MITT AL1451MINUTE BOOK No. 63, CITY OF OXFORD DEMENT MERIDIAN 61 0226----------.---,----- --'---1Board of Trustees of the City of Oxford Municipal Reserve and Trust FundOxford, MississippiJune 19,2012'To he Governing Amhorities of tile City of Oxford,IWe have the honor of transmitting to you the First Annual Report of the Board of Trustees of the City ofo 0fJ Mlmicipal Reserve and Trust Fund covering the period August 9, 2011 through March 31, 20 Ii.Respectfull y,ULYSSES HOWELL, ChairmanLAWRENCE CHANDLER, Vice-ChairmanJASON BAILEY, Alderman TrusteeKAYE BRYANT, Nonalderwoman TrusteeREX DELOACH, Nonalderman TrusteeJACK DUNBAR, Nona1derman TrusteeGEORGE PATTERSON, Mayoral TrusteeJIM RAYNER, Nonalderman TrusteeDENNIS TOSH, Nonalderman TrusteeI- 2 -! T IS Fir:"!.t Annual RcpOJ1 of rhe BoarJ of Trustees of the City of Oxford Municipal Reserve and Trust Fund is for the periodbeg ning August 9 _ lCJ 11, the effecrive date of the trust agreement, and ending March 3), 2012, the last day of the Trust's fiscal year.I

146Telephone: 661-181-8900Fax: 661-181-8977Aune CPA FirmMINUTE BOOK~Ie.&8~I£1~~nOii OXFORDDEMENT-MERIDIAN 61·226821}- NOi ria LaHttlJ Blvd, -Sulfe 3Oxford, MS 38655email: edd;e(ji\atmecprt. ('nmwebsite: WWn".Qflnecr(J,("f?""1IIINDEPENDENT ACCOUNTANTS' COMPILATION REPORTTo the Board of TrusteesCity of Oxford Municipal Reserve and Trust FundOxford, MississippitWe have compiled the Statement of Assets, Liabilities and Trust Equity - Cash Basis ofthe City 'J[Oxford ,Municipal Reserve and Trust Fund as of March 31, 20 I 2 and the related Statement of Support. Revenues.Expenses and Changes in Trust Equity - Cash Basis and the Statement of Cash Flows and for the period th .ended. We have not audited or reviewed the accompanying financial statements and, Hccnrdinglv. do 110t 'express an opinion or provide any assurance about whether the financial statements are ip H',conlance with thecash basis of accounting.IManagement is responsible for the preparation and fair presentation of the financial statements ;p accmdan1~with the cash basis of accounting and for designing, implementing, and mainta.ining internal control r"leva~ tothe preparation and fair presentation of the financial statements.IOur responsibility is to conduct the compilation in accordance with Statements for Accounting and Rev'iewServices issued by the American Institute of Certified Public Accountants. The objective of a compilation is toassist management in presenting financial information in the form of financial statements n-ith'l'Jt undertakimgto obtain or provide assurance that there are no material modifications that should be made t,l the financialstatements.A-~IV- CP4 '1-~Aune CPA FirmCertified Public AccountantsOxford, MississippiJune 28, 2012I- 3 -I

CITY OF OXFORD MUNICIPAL RESERVE AND TRUST FUNDSLo. TH~f.rofEEEt6~~~et'Y~C1*Ft::MD147.,DEMENT-MERIDIAN 61·0226IC ash and Cash EquivalentsInvestments - iVlctfketable Securities (Note 2)Pltpdid BG"d tlltaest (Note 2)To[al Assets$ 507,67529,526,61589,504$ 30.123.794Liabilities and Trust Equitysf illS! Ell ui ty 30,123,794Tutai Liabilities and Trust Equity $ 30.123,794ISee ccornpanying notes and accountants' report.·4-I

148CITY OF OXFORD MUNICIPAL RESERVE AND TRUST FlIl'jJ)MIN UTI!ABe0Ko~rI6tal,ea~lcaf'E(~)~ORtIi)DEME"ME"'D''''',,"~~~~~~~-CHANCES IN TRYST EQUHY C,\811 8A%f8 . - ---FOR THE PERIOD AUGUST 9, 20 I I (inception) THROUGH MARCH 31. 2012Support and Revenue:Interest and dividend income $ 35,808Net gains on sale of marketable securities 1,195Total Support and RevenueExpenses:Management and general (Note 3)37,003INet Earnings - Cash Basis 37,003Other additions to Trust Equity:Proceeds received from Baptist Memorial Hospital 30,000,000Unrealized gain on marketable securities, net (Note 2) 86,791Distribution to City of Oxford (Note 4)Trust Equity, March 31, 2012 $ 30.123.794ISee accompanying notes and accountants' report.- 5 -I

149DEMENT-MERIDIAN 61-0226IC .. i t1Cnl'S ftoJili of."a'"tillg at:tivities:01ci -';hUlii:lgs $ 37,003.~jjUS[hlCIH tOt lIul1cash items:~id loss (gain) on investments ( 1,195}Cash pfOvided by operations 35,808C'" t rj(Hl'S t:n:.Hh i.lvc;~ti.ilg activities:Proceeds from sale of investments 128,279Purchase of marketable securities (29,566,908)P(cpaid bond ilHerest purchased ( 89,504}Cash requir.::d by investing activities (29,528,133}Canun'S '.UlU iin&fttlng activities:Proce.o..is ffOm Haptis! Memorial Hospital 30,000,000Net ncrca6~ in cash and cash equivalents 507,675Cas 1 and ~ash e;qliiviiicflts, beginning of yearCas 1 anJ C'a611 c:qui Valcu(S; tod of year :L 507675I- 6 -I

150CITY OF OXFORD MUNICIPAL RESERVE AND TRUST rUNDMINUTE BOO~ Notf69;vGtTAY (i)fhQHORD DEMENTMERIDIAN"'"~~~~- ..... .. - MAR€II J I, 21HZ ..... ~. ~~~~= 1NOTE 1- SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLESOrganization and Nature of ActivitiesrlThe City of Oxford Municipal Reserve and Trust Fund (the Trust) was formed pursuant to Senate Bill 312., asapproved by the Governor and the State of Mississippi on April 6,2011 (the Act), and the related TrustAgreement made and entered into effective as of August 9, 2011, by the Governing Anthorities "fthe Cit)! ofOxford, Mississippi. The purpose of the Trust is to fulfill the obligations of the Goveming Authorities underthe Act for the benefit of the people of the City and the continued improvement and m"inten"J)c~ of the City,and for providing for the fiscal security and sustained revenue for the City and its citi7,~I1

151CITY OF OXFORD MUNICIPAL RESERVE AND TRUST FUNDMINlIfEEb~ F ~1'¥'O'P OXFORDDEMENT·MERIDIAN 61-0225NC ftC 2 = li'lYtC2:fj\iENTS-MARKETABLE SECURITIESIIn" stm~.lts in mMkctable securities consist of the following:Corporatc!Government fixed income fundsIwernational fixed income funds["I!Oc Uip equity fundsS".all ~ai' eguity fundsIll(cfl1a(iGl1£ll equity fundsAt Cost$ 16,453,5802,200,0006,436,0251,160,4353,189,784$ 29.439,824Market ValueMarch 31, 2012$ 16,453,7572,213,0466,511,2661,172,1863,176.360L29,526,615Ma ke[ values ace exclusive of accrued interest and dividends of$ 98,806 and were obtained from themv stmel.t .i' •• rodger's March 31, 2012 quarterly report.Cu ent year gah,s (losses) on investments consist of the following:Realized gains on sale of securitiesRealized losses all sale of securitiesUnrealized gains on securities, net$ 1,656( 461)86,791Net investment gain$ 87.986IUp 'n purchase ofvallOUS bonds, the Trust paid $ 89,504 for interest earned but yet not paid as of March 31,201 . "fhb interest wlll be received by the Trust on the next scheduled interest payment dates of the respectivebon s.INO £ 3 - i\tANAGIi:M£NT AND GENERAL EXPENSESTh- rlust ll.cue.cd ad"lir.islfation expenses in the amount of $521 during the reporting period related topub iCall"iI ,,!, tt.~ Rey"es[ ior Proposals for Investment Management Services in the Northeast MississippiDai JOllfJiaJ ,Hid tile Oxford Eagle, and space and services at the Oxford Convention Center and Visitor'sBm all t'Jr the ilUc(vicw of finalist Investment Management firms. Pursuant to a resolution of the Board ofAId fr.lt)i aaoplCJ on August 16, LOll, the Board of Aldermen paid the administration expenses as incurred,and he Baaed "fTmscees shall reimburse the Board of Aldermen for this expense.Th' Tl1lst incurred attorney fees in the amount of$26,707 during the reporting period. Pursuant to a resolutionof t e Board at' Alden,le., adopced on August 16, 20 II, the Board of Aldermen paid the attorney fees asme red, a(hi tl,e Board of'frustee, shall reimburse the Board of Aldermen for this expense.Co i,leHt with the cash method of accounting, these expenses will be recognized in the Statement of Support,Re "nlle alld Expellses in the peric,d in which the Trust reimburses the City.- 8 -I

152CITY OF OXFORD MUNICIPAL RESERVE AND TRL~T F!,LNDMINUTE BOOK "NOtI~.GtlAY 6ffiQKJTuRuDEMENT-MERIDIAN 61-226.---~~===~~- MARCH 3~,2(:H2NOTE 4 - DISTRIBUTION TO CITY OF OXFORDPursuant to the Trust Agreement, the Board of Trustees is required annually to calculate fhe eB,ningsIcomponent as defined in the Trust Agreement and report such earnings to the Governing I\uth('rities. Theearnings component is considered to be an amount equal to three percent (3%) of the am,)"", of the Full FInd.After calculating the earnings component, the Board of Trustees is authorized to expend IToln the earnings Icomponent amounts required in connection with the management by the Board of Trtlstees ofth" Fund,including, but not limited to, payments for accounting fees, legal fees, consulting fe,"s. and IIJ'e'trnentManagers or Fund management fees. The Board of Trustees is required to report to the Governing Authoritiesthe earnings component and the expenditures therefrom on or before July ]st, and thereafkr the fundscomprising the earnings component shaH be transferred from the Fund to the general fund of the City at tht[direction of the Clerk and shall be available for appropriation and spending by the Governing Allthorities. IIAs described in note 3 above, the Board of Aldennen paid the administrative expenses and att'.orney fees o~ theTrust Fund in its first fiscal year. Pursuant to a resolution of the Board of Aldennen adopted OJ) August ]6,2011, the Board of Trustees will reimburse the Board of Aldennen for these expenses and add these to theexpenses to be deducted from the earnings component in the Second Annual Report of the Board of Trustees ofthe City of Oxford Municipal Reserve and Trust Fund. jPursuant to the Trust Agreement, no distribution is due to the Governing Authorities until the fiscal year a'. erthe year in which the Fund is established.',I- 9 -I

3153MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0226IFIRST AI\II'NDED AND RESTATEDIRUST .... Glz EEI\IENT:It was moved by Alderman Oliver, seconded byAlderman Bailey to adopt the first amended andrestated Trust Agreement with the Oxford Reserveand Trust Committee. The changes in the trustagreement mirror the changes made in the LocalPrivate Legislation. All the aldermen present votingaye, Mayor Patterson declared the motion carried.II

154THIS FIRST AMENDED AND RESTATED TRUST AGREEl\IFNI i, h~rcb\ madE;and entered into effective as of this the day of .2012. h' th~ (;()~ f1nin~Authorities of the City of Oxford, Mississippi.IWITNESSETH:WHEREAS, the Governing Authorities of the City of Oxford. I\liss;"irpi. executed theTrust Agreement of the City of Oxford Municipal Reserve and Trust Fund '''' ,\ ugus' q. 20 II.:and the Trust Agreement was thereafter accepted by the Board of Trustees:IWHEREAS, the Local and Private Act, Chapter 928. Local and Priqte Laws of 21) I Lwhich authorized the Governing Authorities of the City of Oxford, Mississippi. tIl estahlish theCity of Oxford Municipal Reserve and Trust Fund was amended in the 2012 Rcgul 8!" Session ('I,the Mississippi Legislature by passage of House Bill No. 1683. \\hich \\q, ,igncd b, theGovernor of the State of Mississippi on May 9, 2012. and is effective and ill f('r',~e fr(llll and atierits passage;WHEREAS, the Governing Authorities of the City of Oxford. I\li"issippi. desire tollamend the terms of and restate the Trust Agreement in order to conform the I rllsl Agreementiwith the amendments to the Local and Private in House Bill No. 1683 a, approleel In' the lGovernor of the State of Mississippi; andWHEREAS, Section 7.5 of the Trust Agreement provides that the Tnr,t A,urccnlPnl nw,be amended in writing at any time upon a Majority Vote of the Board of ,\ Idcnw", ",it], (heapproval of the Mayor but only to the extent consistent wilh the Act and an' "Ill~ndmenl'llthereto.IiNOW, THEREFORE, in consideration of the premises. terms. conuilions and ('(1\enants,contained herein, it is hereby agreed as follows:IARTICLE IDEFINITIONSAs used in this Trust Agreement, unless a different meanlllg clemlv appears 1ncontext, the following terms shall have the following meaning:1.1 "Act" shall mean Chapter 938, Local and Private Laws of 2(111. '" alll ended h\House Bill No. 1683 as approved by the Governor o[the State ofMissi"ippi OIl ~Ia\ 'I. 2(112. ,1.2 "Board" or "Board of Trustees" shall mean the City ofOxlclfd i\lllllicil'al Resenelland Trust fund Board of Trustees.1.3 "Board of Aldermen" shall mean the then board of aldermen of tl1° cill.II ,Page 1 of 12I~ 11________________

.,155MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61·0226-, " .gency,)bligations, certitIcates of deposit, custodial bank's short-term reserve funds, and no-load moneynJdllet mutual tunds.1.5 "City" shall mean the City of Oxford, Mississippi, acting by and through itsl'Ila)()r ami Board of Aldermen.~I1.6 "Clerk" shall mean the then clerk of the city.1.7 "Code" shall mean the Mississi ppi Code of 1972, as amended..8 "Connict" or "Conflict of Interest" shall mean the use by a Trustee of theauthority of his llf her office or any confidential information received through his or her positionas ,I Trustee for the pecuniary benefit of himself or herself, a member of his or her immediatefamily, or d business with which he or she or a member of his or her immediate family isassociated, or ill any other manner prohibited by or inconsistent with applicable local, state, ort"clkral la\\.I LJ "Cuswdian" shalll11ean a bank or other qualified entity selected by the Board tohold and administer the assets of the Fund.1.10 "Fiscal Year" shall mean the twelve (12) month period beginning each April 1 stand ending the f()lIovving March 31 st, on which the books and records of the Trust arelnaintaillcd.I 1.11 "Fund" shall mean the City of Oxford Municipal Reserve and Trust Fund: established under this Trust Agreement for the deposit of the sales Proceeds received by the Cityas a result oCthe termination oflease and for the sale of the real and personal property related tothe existing Baptist Memorial Hospital-North Mississippi facilities.ICity.1.12 "Governing authorities" shall mean the Mayor and Board of Aldermen of the1.13 "Income" shall mean all interest and dividends derived from the investment ofmlmies in the Fund.I dJ11d1dcd.1.14 "Inicrnal Revenue Code" shall mean the Internal Revenue Code of 1986, asBu~rd.1.15 "imestment Consultant" shall mean an investment consultant selected by the1.16 "I nvestment Manager" shall mean an investment manager selected by the Board.1.17 "Majority Vote" shall mean an affirmative vote of one more than one-half (1/2).Page 2 of I2I

156MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-2261.18 "Mayor" shall mean the then mayor of the city.1.19 "Mayor Pro Tern" shall mean the then mayor pro tempure of the 1:;1,.1.20 "Proceeds" shall mean all monies received by the Cit, as a re"lit clf theitermination of lease and fur the sale of the real and personal property related to th~ e\istinglBaptist Memurial Huspital - Nnrth Mississippi facilities on Lamar A lellue. I,hich the City'determines shall be placed in the Trust created herein.1.21 "Quorum" shall mean une more than one-hal f (1/2) of the Trustees.I1.22 "Regulation" shall mean a policy, procedure or rule adopted 1,,· the Board"establishing administrative procedures or interpretations affecting the Trust.1.23 "Super Majority" shall mean an affirmative vote of three-fourths (Yell.1.24 "Trust" shall mean the trust created and established hereunder.1.25 .,] rust Agreement" shall mean this Agreement. as it ma) be amended ii ('111 tilll:,to time.1.26 "Trustees" shall mean the persons chosen in 3CC(llllance \Iilh Ihis I IUS!Agreement as authorized by the Act to perfurm in a manner so as to safeguard tlve inter"sts of thepeople of the City, the administrative and management duties necessary to fulfill the pl.lrpmcs ot~the City of Oxford Municipal Reserve and Trust Fund. If the City assullles 8dl1li"istratif.lll orthe'Fund as provided in this Trust Agreement, then the Trustees shall refer to the ]\ fayc'r and Boardof Aldermen of the City acting in the position of Trustees of the Fund.Trust.ARTICLE 11CREATION OF TRUST2.1 Establishment. The Governing Authorities hereby dec I are and2.2 Effective Date, The City of Oxfurd Municipal Reserve ancl Trusteffective on the 9 th day of August, 20 II."," 1.Ii,1i

.,1572.5 TMiNUiT£ 1B0QKi~lIbtJ63~Gbb¥h~d g )U5QRQ,osi1"j!'WIMERIDIAN610226. r e ~sak of the real and personal property related to the Baptist Memorial Hospital - Northl\lississippi facilities located on Lamar Avenue in the City and any Income from the investmentc)f Ihl"c funds. Funding of the Trust with the Proceeds, up to the amount authorized by the Act,shall occur itS S110l] as is practical following the establishment of this Trust and the receipt of thel'rllceeJs. The HllarJ shall hold, invest and administer such property and additions theretosllLjecI to II,e lerms and provisions of this Trust AgreementIARTICLE IIIBOARD OF TRUSTEES3.1 Establishment. The Fund shall be administered, managed, invested and governedloy ,he Hoard of Trustees as provided in this Trust Agreement3.2 Composition of Board of Trustees. The Board of Trustees shall consist of nine(9) members as sel forth below:I a)(b)Ie)(d)One (I) Trustee shall be the Mayor;One (I) Trustee shall be the Mayor Pro Tem;One (I) Trustee shall be an alderman appointed by the Mayor with the adviceand consent of the Board of Aldermen; andSix (6) Trustees shall be appointed by the Mayor with the advice and consentof the Board of Aldermen.I3.3 Chairman and Vice Chairman. The Mayor Pro Tem shall be the Chairman of thellodrd of Trustees. The Board of Trustees shall annually elect one (I) member to serve as ViceChairman of the Board of Trustees. The Vice Chairman shall act as Chairman in the absence ofor upoillhe disability "I' the Chairman or if there is a vacancy in the office of the Chairman.3.4 Oualitlcation of Trustees appointed by the Mayor. Each Trustee appointed by theI\JayOI shall possess knowledge, skill and experience in business or tlnancial mattersClllmnensurate with the duties and responsibilities of the Board of Trustees in administering theFur,d.3.5 Term. The initial term of offIce of the six (6) nonaldermen Trustees shall be forone (I) year, tlVO (2) years, three (3) years, four (4) years, five (5) years, and six (6) years,respectively, as designated by the Mayor. The term of office for the appointed Alderman Trusteeshall be l\\,) (2) years. Notwithstanding the day on which the appointment began, all terms oftile appoinlcJ Truslees shall end on the tirst day of August of the year in which his or her termends. Atler the initial appoil1lments, each new Trustee shall be appointed for a term of office oft\\(, (2) years, beginning on the tirst day of August. Trustees shall be eligible for reappointment.Page .j of] 2I

158~AN ~Tsin~gg~Np.·A§hr£lrl:lrl~R(fI~2~~~Dl)pl'Mi~~(30) days' \\!Titten notice to the Board, However, in the event of the resignation of a Trustee, th~Board may waive in writing any notice of resignation as may be required hereunder.I3.7 Vacancies. Vacancies on the Board, including, but not limited to. those 0account of death, resignation, or inability to act, shall be filled for the remainder of the unexpireterm in the same manner as new Trustees as provided in paragraph 3.2 and paragraph 3.5 of thiArticle III.I3.8 Compensation and Expenses. Nongovernmental Trustees shall sene \\ ithpl.Itcompensation, but shall be reimbursed for travel and lodging expenses as est"hlish~d hy C wle§25-3-41. The Mayor, Mayor Pro Tern and appointed Alderman shall sen'e as Trllst'.'es \\ithoutcompensation.3.9 Dissolution of the Board of Trustees. The Board of Trustees m8\' be di55,)1\ ed ,1any time by the Governing Authorities if, by Majority Vote, the Go\uning ;\utiwri'ies lind SOleidissolution to be in the best interest of the public. In the case of dissolutiol'. the (;(l'.erni"Authorities shall administer the Fund directly, acting always in acc()rdance \\'ith 'ile pr()visiolls ofthis Trust Agreement and the Act, until such time, if any, as the Goveming Auth()riti~s elect t6reestablish a Board of Trustees in accordance with the procedures for appt1intment '"'' I'ro\ided inthis Trust Agreement, and the Act.ARTICLE IVPOWERS OF THE BOARD OF TRUSTEESThe Board of Trustees shall administer and manage the cund and lllall8ge the prineip,and Income of the Fund, and establish a comprehensive investment plan for the purposes of thiTrust Agreement. The comprehensive investment plan shall specify the policies to he utilized b!the Board of Trustees in its administration of the fund. The Board is authorized but 'wt require,Ito delegate responsibility for the establishment and administration of the cnlllrrehensi\'einvestment plan to an Investment Consultant. Directly with or tilrough ".1 eI , Imestlllen1Consultant, the Board may contract for such services as may be a part of th pc

,159-1.3 To cause any security or other property held as part of the Fund to be registered intht name of the Board of Trustees or in the name of one or more of the Board's nominees, butthe books and records of the Board shall at all times show that all such investments are part ofthe Fund:I-1.-1 To keep such portion of the Fund in cash or Cash Equivalents as the Board mayti'om time to time deem to be in the best interest of the Trust, including, but not limited to,smisfactiol\ of the liquidity needs of the Trust, without liability for interest thereon;4.5 To contract for necessary goods and services, to employ necessary personnel, andr,) eligdge Ih" sen ices of consultants, including, but not limited to, Investment Consultants and1m estmcnt I\/anagers, t(Jr administrative and technical assistance in carrying out its duties andrespOnSil)tlllies in administering the Fund;-1.0 10 monitor the performance of Trust assets, and to instruct Investment Managersand lm'estment Consultants and to make changes as appropriate;-1.7 1"0 procure insurance against any loss in connection with the property, assets andactil iti"s (,( the Trust or the Board;agenCIes;-1.8 To appear on its own behalf before the Board of Aldermen or other governmental-1.9 To administer the Fund in a manner that is sufficiently actuarially sound to meetthe "bligati(Jlls of this Trust Agreement and the Act;I410 Subject to the terms, conditions, limitations and restrictions specified in the Act,CoJe 037-155-9, and this Trust Agreement, the Board of Trustees shaIl have the power to sell,a5'ign, rransfer and dispose of any of the securities and investments of the Fund;-J. II Co make, execute, acknowledge, and deliver any and all documents of transfer"nLi CUI\I"")dnCc and any and all other instruments that may be necessary or appropriate to carryuul the i"H..J\\-crs hcrc:ill granted;-1.12 1"0 settle, or compromise, debts or damages to or owing to or from the Trust; toCOEimence ur defend suits or legal or administrative proceedings, and to represent the Trust in alllegal dnd administrative proceedings, but only to the extent pennissible for, and under thecircumstances and limitalions applicable to other governmental entities as provided by theConstitution and lalls of the State of Mississippi; and-I. Ii In addition [0 the specific powers enumerated herein, the Board shall have theauthority to do all acts, whether or not expressly authorized, which may be necessary or properfor [he protection of the property held hereunder or for the carrying out of any duty under thisPage 6 of 12I

160r~---I'Trust l'IL~YJ§o~~Qu~ t!ParP~! i~!Ie19n~ic2~EQf!Q,s-1l~~ANthfSTrust Agreement or applicable federal or state law.ARTICLE VDUTIES OF THE BOARD OF TRUSnC:ES5.1 Meetings. The Board shall conduct one (I) anllualmeeting It is ?llticiI'81ed th~Ithe Board shall conduct at least three (3) other meetings each calendar \'ear. I lv' n"""d sl181also hold such special meetings at such time and place as may be called bv th~ Ch"inllan ;\1/meetings of the Board shall be open to the public in accordance with Code ~2"-41-'" 1 I. nceptas provided by Code §25-41-7, as interpreted by the courts and Attornev General "f the State o~Mississippi. Notice of each meeting shall be given in accordance with ('ode f15-41-13. andnotice of each meeting shall be provided to each Trustee. A Quorum shall be necessary tqconduct business. Any Trustee may attend an) meeting via electronic means 1"0\ Idecl that SUd:'electronic attendance complies with all applicable laws.I5.2 Voting. Except as otherwise provided by paragraph 54 (If this ,\,\\,Je \' eaelTrustee shall be entitled to one (I) vote on any and all actions before the ll"aro "I Trustees. N(;decision or action of the Board of Trustees shall be effecti\'e unless presented and appro\'Cd atthe annual meeting or other scheduled meeting of the Board.5.3 Accounts and Reports. The Board of Trustees shall keep accur81e "I'd dctaile~accounts of all investments, receipts, disbursements and other transactions hereunder. The Hoareof Trustees shall annually prepare, or cause to be prepared, a report setting l'or1h in apl'rol'riatdetail an accounting of the Fund and a description of the financial conditinll "I' the FUlld at thclose of each fiscal year. The report shall be submitted to the gO\erning authoritit:s ('11

.,161).)Iee eq.-·---\ARTICLE VITRUST DISBURSEMENTS6.1 Di,ision of Fund. The Fund shall be divided into two (2) components: (i) thecorpus ClHllpOnel1l, and (ii) the earnings component.I6.2 Corpus Component. The corpus component of the Fund shall consist of the initialdeposit as described in paragraph 2.5 of Article II of this Trust Agreement, and additionalsubsequent deposits from the annual Income earned trom the investment of the Fund except asotherwise provided herein. Except as otherwise provided in the Act or this Trust Agreement, thecllrpus shall be im'iolale and maintained and used to generate Income and shall not be invaded orused by the Board of Trustees or the Governing Authorities.6.3 ![1e Earnings Component. The earnings component of the Fund shall be definedand a\ailable tilr distribution by the Trustees as described in the following subparagraphs:(ellEvery tlscal year after the Fund is established, the earnings componentshall be considered an amount equal to three percent (3%) of the amountof the full Fund balance whether or not the corpus component hasgenerated any Income in that Fiscal Year. All remaining pOliions of theannual Income earned trom the investment of the Fund shall remain in thehmd as part of the corpus component.I(b)(c)On or before July 1 of each year, the Board of Trustees shall determine theportion of the earnings component of the Trust Fund, and shall report tothe Governing Authorities as set out in paragraph 5.3 of Article V of thisTrust Agreement. The Board of Trustees is specifically given the powerto expend trom the earnings component amounts required in connectionwith the management by the Board of Trustees of the Fund, including, butnot limited to, payments for accounting fees, legal fees, consulting fees,and Investment Managers or Fund management fees. These expendituresshall be included in the full report as required in paragraph 5.3 of ArticleV of this Trust Agreement.Funds comprising the earnings component shall be transferred from theFund to the general timd of the City at the direction of the Clerk and shallbe available for appropriation and spending by the Governing Authorities.6.-+ l'l\dsion of the Corpus Component.(a)Upon a three-fourths (3/4) Super Majority vote of the Board of Aldermenand with approval by the Mayor, the Governing Authorities are authorizedPage 8 of 12I

162MINUTE ttlQg'~Jigl1ie~~~11~Ut~fcgl~~Q~tPh~'(llEil~M~'ll.i""'c" " disbursed to the City for appropriation and spending. in the e'ent "r thelfollowing: ;(i)A state of emergency or local emergency has !'een cleclm'ed unde"lifederal, state. or local law; or''I(ii)Overall budgeted collections of the City are nwre 111

163ARTICLE VIIMISCELLANEOUSI7.1 Duration. The Trust created herein shall exist for an initial term of twenty (20)) cars fmrn the ,iate of execution hereof, and shall continue thereafter unless terminated by aIhree-(llllrlhs (3.4) Super Majority vote of the Board of Aldermen with the approval of theI\b) or.7.2 lamination. In the event of termination of the Trust, the Board of Trustees shallproceed to \\·ind up the atl'airs of the Trust in an orderly manner and within a reasonable periodof lime considering relevant circumstances. Upon receipt of such releases or like documentationas the Board may reasonably deem necessary for the protection of the Trustees, the Board shalldiSiributc: the remaining property of the Trust to the City in cash or in kind or partly in each. Inmaking a terminating distribution, the Board may retain an amount for reasonable administrativefeeS and expensd. In no event shall Trust assets be distributed to or revert to any entity that isnor a jlolilical subdivision of the state or not an entity whose income is excluded from grossincome under § II) of the Internal Revenue Code.7.3 Tax-Exempt Status. The Trust is an organization formed and operated under thisTnrst .-\greement for the purpose of managing the investments of a political subdivision of astalC. As such. the Trust is intended to qualify for exemption from federal taxation under~ IIS( I) olthe Internal Revenue Code. (See Revenue Ruling 77-261).I7.-1 l'erSOl!S Dealing with the Trustees. No person, firm or corporation dealing withthe Board shall be obligated to see that the terms of the Trust have been complied with, or be()bli~aled to illljllire into the necessity or expediency of any act of the Board, and everyinstruillent cxecliled by the Board shall be conclusive in favor of any person, firm or corporationrd>"ing 1I1CfdHi. lllat:(a)At the time of delivery of said instrument the Trust was in full force andeffect;(b)(c)Said instrument was effected in accordance with the terms and conditionsof tiris Trust Agreement; andThe Board was duly authorized and empowered to execute suchinstrument.7.) Amendment. This Trust Agreement may be amended in writing at any time upona l\lajorily Vok of the Board of Aldermen with the approval of the Mayor and upon a MajorityVOle of the BU

.... 1164....... c~cWNY!~si~Qe~U~: ~t~o ~e'serLY pQt~fRaF91l~~L f(?fM~IM8l'RWwrr~o, purposes other than as provided herein. !7.7 Governing Law. This Trust is established in the State of Missis.sil'pi and allquestions pertaining to the validity or construction of this Trust Agreement "Ild regarding th~acts and transactions contemplated herein shall be determined in accordance \\ ith the la\\s of tilState of Mississippi, except as to matters governed by federal law.I7.8 Compliance with Laws. This Trust Agreement and the Fund created "ereundeare intended to meet all applicable requirements of the Act. the Code, the C('de of Ordinances (lthe City, and the Internal Revenue Code, as the same may be amended from tiJ11C tn tillle.7.9 Rules of Construction. In resolving any conflict among pre)\ is;''I'' (,r t1,;s Trust'lAgreement and in resolving any uncertainty as to the meaning or intention ,.,1' am l'ICl\ iSinJ1 0;this Trust Agreement, the interpretation that: (i) causes the Trust to complY "ith "II applieahlerequirements of the laws of the State of Mississippi (including but not limited tn the (\':11 and th9laws of the City, and (ii) causes the Trust to be exempt from tax as a gmernlnellla~,instrumentality under § 115 of the Internal Revenue Code, shall pre, ail (Her anY' di fTerenl'interpretations.7.10 Captions. The captions appearing in this instrument are f,'r C(1I1\eI1ICnCe of!reference only, and shall be disregarded in determining the meaning and effect of! he rl"(1l isi(1IlSof this instrument.I7.11 Singular and Plural; Gender. Words used herein in the mascul inc gender shall hel,construed to include the feminine gender where appropriate, aml vvords used herein in the;singular or plural shall be construed as being in the plural or singular where appropriate.I7.12 Severabilitv. Ifany provision of this instrument is invalid, th"t I,r(>\;si11 sh811 bedisregarded, and the remainder of this instrument shall he construed as if th~ i",·"li

By: Lisa D. Cai\» Ie, Clerk165MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0226-1I ,.. ---.... _-DATEISIAn:: OF ivllSSISSIPPICOUNTY OF LAFAYETTEPersonally appeared before me, the undersigned authority in and for the jurisdictionaforesaid, Ulysses Howell, who, being first duly sworn, states under oath that he is the MayorPr(, rem of the City of Oxford, Mississippi, and who acknowledged before me that he signed,sealed and delivered the foregoing First Amended and Restated Trust Agreement for and onbehalf oflbe City of Oxford, Mississippi, after being first autborized so to do.GIVEN under my band and official seal of office on tbis the.2012.day ofNOTARY PUBLIC~·I)Commissiun Expires:I.. _- ._-.-------Page 12 of I2I

166 4MINUTE BOOK No. 63, CITY OF OXFORDDEMENT·MERIDIAN 61·226------11IGIO BOND ISSUE:Demery Grubbs came before the 1'vl8yor and Boardof Aldermen to discuss a possible GeneralObligation Bond Issue. Below is a list ()f p"ssii'ieprojects to be funded. The board \\ill be presentedwith an intent resolution for the bonds M the J'IiI17, 2012 board meeting.IItems for Bond Issue:Potential Purchase of PropertyTennis complexFire Station & EOCRound about$3,000,000.00$1,000,000.00$3,300,000.00$250,000.00Total$7,550,000.00Less: Community HealthFoundation Funds:-$3,000,000.00Plus Cost of IssuanceContingenciesTotal Projected Bond Issue:$100,000.00$350,000.00$5,000,000.00IPayment on $5M Bond Issue:20 Years15 Years$352,000.00$404,000.00Scenerio:PaymentLess: Bond Issue rolling offAnnual Baptist proceedsRemainder to come from cash flow15Yea~20Yea~$404,000.00 $352,000.00-$160,000.00 -$160,000.00-$100,000.00 -$100,000.00$144,000.00 $92,000.00I

5167MINUTE BOOK No. 63, CITY OF OXFORDDEMENT·MERIDIAN 61 -0226I(i~ li,l[jr\L FLOODI i-ISlJ KAN,E:VOI.lJNITER OXFORD:Stacy Ricks with the MS Emergency ManagementAgency recognized the City of Oxford'sparticipation in the National Flood InsuranceProgram's Community Rating System. He thankedRandy Barber for his participation in the program.It was moved by Alderman Howell, seconded byAlderman Antonow to approve the following MOUbetween Volunteer Oxford and the University ofMS. All the aldermen present voting aye, MayorPatterson declared the motion carried.II

168=~M~I~NUTE BO~~rJJi~ee!:~:fn,Qff~FORD\EME","E"'DlAN""]!Volunteer Oxford and the University of Mississippi, for and on behalf ofVolunteer OxfordTHIS AGREEMENT is made and entered into this day by and between the University of Mississippi fOifand on behalf of Volunteer Oxford, City of Oxford, Mississippi and the University of Mississippi OXfor1"Mississippi. !PurposeThe purpose of this Memorandum of Understanding (MOU) is to strengthen relationships betwee~Volunteer Oxford, the University of Mississippi, and the Lafayette-Oxford-Univ,,:,rsity '_"Jrnrnuility and topromote actiVities related to volunteensm and community serVice, Volunteer OXfOrCl ;:HlC i the UtllverSltjur M!S~ISSIPPI agree to establish a mutuallv beneficia! relationsllir between the UnlVarSlh elt !v'11SSISSltll Iand the Lafayette and Oxford commul1ltyIIVolunteer Oxford IS expanding ItS opportunities for volunteerrsm through pari nel ship with th~University of MISSISSIPP' The collaboration will better serve the common good of ti, o cornrllllnlt\ dfOxford and Lafayette County by sharing our resources as it relates to community serviceI,Volunteer Oxford has entered into a Memorandum of Understanding with the University of MiSSiSSiPPIThe purpose of this partnership is to address the needs of the community by promoting volunteerism tthe community at large.Contact PersonsUnless otherwise stated, the appropriate person(s) for the University of Mississippi for matte Spertaining to this Memorandum of Understanding shall be:Albert Nylander, Director of the McLean Institute for Partnerships and Community Engi1gernentValeria Ross, Office of the Dean of Students, the University of MississippiStephen Monroe, Assistant Dean of the College of Liberal Arts, the University of MississippiThe appropriate contact person for Volunteer Oxford shall be:IKelly Shannon, Director of Volunteer OxfordThe University of Mississippi shall contact the above designated individual for Volunteer Oxford anfVolunteer Oxford shall contact the above designated individual for the University of Mississippi wheeither party has questions related to this Memorandum of Understanding.Conditions of the AgreementThe partners herein desire to enter into a Memorandum of Understanding setting forth the terms of th,partnership by stating the Conditions of the Agreement of each party below..11) Volunteer Oxford will serve as a central hub of the City of Oxford and Lafilyetle County as rresource and build capacity to equip volunteers to train and lead others to serve.III'I

.,I,~169I3) The University of Mississippi will act as a referral resource for Volunteer Oxford. The Universityof IViisslssippi will SUppOIl Volunteer Oxford in its role as the volunteer and recruitment arm fortnc Lafayette-Oxford-Unlversity community.4) ThE University of Mississippi will provide budgetary support of $3,500 per year for the first threeyears of the Volunteer Oxford's existence. This amount is equal to the amount provided by theother partner, Lafayette County.5) BoH, parties agree to provide for the mutual beneficial exchange of knowledge and resources intnt: context of partnership and reciprocity.6) both parties agree to mutually promote events and collaborations for each other.7) both parties agree 1O provide necessary training and education to staff, volunteers andcornrnuility members on volunteerism.8) Buth pdlties agree to allow the advertising of community service opportunities that offerdynamic and noteworthy community engagement, to each party's active website.9) Both parties agree to release monthly service records denoting the number of volunteers andhOLirs served for projects in which both organizations are participants.10) Both parties agree to provide adequate service on each party's advisory board.11) Both parties agree to work continuously to maximize the effectiveness of the partnership.12) Both parties agree to engage the talents and resources of the University of Mississippi faculty,staff afld students with community, to further community and economic development.AmendmentsThiS IViemorandum of Understanding may only be amended in writing after mutual agreement of theparries.Te~·minationThis Memorandum of Understanding shall be in effect for a period of three years and shall continuefrom year to year unless otherwise agreed to by the parties in writing. Either party may terminate thisMemorandum at any time by providing written notice 30 days in advance to the other party.IEXecutionThe parties agree that this Memorandum of Understanding shall be submitted to the University ofMississippi for and on behalf of Volunteer Oxford and the City of Oxford, and nothing contained in thisMemorandum of Understanding nor any amendments thereto shall become effective until executive byboth parties.This agreement is entered into this _ day of ______ , 2012.WE, THE UNDERSIGNED, HEREBY AGREE TO THIS MEMORANDUM OF UNDERSTANDING BETWEEN THEUNIVERSITY DF MISSISSIPPI AND VOLUNTEER OXFORD.Signed:Chancellor Dan JonesUniversity of MississippiMayor Pat PattersonCity of OxfordI

~I170MINUTE BOOK No. 63, CITY OF OXFORDDEMENT·MERIDIAN 61 ·226~~~~~~~~~~-2011 AUDIT REPORT:It was moved by Alderman Baile,', sec(lwiP

~t-­~cc:.~~ow •>~~~SID TASULAliONSASE SID06119112FORBRITTANY WOODS WWTP DEMOLITION AND UNIVERSITY AVE.REHABILITATIONCITY OF OXFORD, MISSISSIPPIEUBANK CONSTRUCnoNSROCATO CONSTRUCliONTJ.128.8 LJ-. :Nlz- ::a:.,'~ :';: ·:;C ,:~. "'::~>:::i~-j:/':; ,'.>": ;',',,,, ~o,} ,::':;;',,].:"~~::::;:;,.,PREPARED BY:?RECISION ENGINEERING COAP.06/19/12113- --

--~z

I~t­.....c"BID TABULATIONBASE BID06119112FORBRITTANY WOODS WWTP DEMOLITION AND UNIVERSITY AVE. REHABILITATIONCITY OF OXFORD, MISSISSIPPIEUBANK CONSTRUCnoN~omwI­::JZ- :EALLOWANCE: ~TOTAL BID: $725,515.00 $758,864.42$894,350.00PREPARED BY:PREC:SION ENGINEERING CORP.06/19/12313---

174 7MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-226EMERGENCY PURCHASE:It was moved by Alderman Bailey. ,ccnncled '"Alderman Williams (0 adopt the /(lll(millgresolution and to amend the SanitatiPJl l..udget forthe purchase of a dozer at (he landtlll in the amountof$350.000.00. All the aldermen pre"',,t ,,()til]gaye, Mayor Patterson declared (he nl'.,tinn carried.III

175MINU"!ElB~NcJKI63.petili§fsOfi>.oXFORDDEMENT·MERIDIAN 61-0226,The board tooK up for consideration the emergency purchase of a waste hauler crawlerdozer, and, upon due consideration, the City of Oxford, Mississippi adopts the followingResolution. which was first reduced to writing:IR£SOLUTION OF THE MAYOR AND BOARD OF ALDERMEN OF THE CITY OFOXFORIJ, MISSISSIPPI, DECLARING AN EMERGENCY AND AUTHORIZING THEMAVOIt TO PURCHASE A WASTE HANDLER CRAWLER DOZERWHERL\S, a waste hauler crawler dozer at the City's landfill recently ceasedtll!1.:lioning, requiring the City tLl procure a rental dozer at great cost; and\\' I If· RL'\S, an operational waste hauler crawler dozer is critical to the safe and efficientoperation orlhe la,ldfiil; andWIILREAS, it is not in the best interest of the City to continue to lease a waste haulercra\\kr dozer due to the prohibitive cost of such rental; and\\' llLREA.S, the acquisition of a new waste hauler crawler dozer is necessary for theimmediate presenation of public health; andI u,hisabkWHEREAS, the immediate restoration of a functioning waste hauler crawler dozer isand in the City's best interest; andWI1ERE.-\~;, the delay incident to obtaining competitive bids would cause adverse impactupon the City lind be detrimental to the interest of the City due to the critical need for a new\\ask hauld crall ler dozer and the prohibitive cost of maintaining a rental dozer.NUW, TIIEREFORE, BE IT RESOLVED BY the Mayor and Board of Aldennen of theCit) of ClxtlJrd, I\lississippi, the City hereby resolves the following:I

176fJll N lJl~nJ3gg~. ~90E 6£NN.~JlrJ~!~ Q~~8~R. a wwmmre'liF,emergency exists due to the failure of a waste handler crawler dozer at the Ci!\', lallcHi II.I2. Pursuaut to MIss. CODE ANN. §§ 21-35-19 and 21-35-21. the ",",or i, "!ltlwrizedto purchase a new waste handler crawler dozer that conforms substantially tn the sl'e

177MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0226-------LIS_\ C-\R\\,YLE, CITY CLERKII3I

178cr===~~~~MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-226TAXI DRIVERS:It was moved by Alderman Al1t0I101\, S~c(')l(kd I,,'Alderman Taylor to authorize Shmon Bmt '''leiDavid Romero as taxi drivers. All the aiderlllenpresent voting aye, Mayor PattersPll declo!ed tlwmotion carried.I!PURCHASE OF HANDGUNS:RESIGNATION:It was moved by Alderman H'1\leiL sec'1I1ded hIAlderman Bailey to approve retiring of/icers.Wayne Hanks and Mike Collins. to purchase theirdepartment issued handguns per state le\\. 11$1.00. All the aldermen present "oting ale. \!Gv(>rPatterson declared the motion carried.It was moved by Alderman Bai ley, sec,>llcied 1'1Alderman Antonow to apprOle the resign81 ;('11 "fBen Ivy in the Oxford Police Depml111elll. All thealdermen present voting aye, l\!aHlf Pa'te!S"1ldeclared the motion carried.IPROMOTION:INTERNAL PROMOTIONS:It was t1lOved by Alderman /\!ltOll()\\-. s

9179MINUTE BOOK No. 63, CITY OF OXFORDDEMENT·MERIDIAN 61·022£---~-----ISllSPENSIONSUSPENSION:.\J)JClli Rt::It was moved by Alderman Antonow, seconded byAlderman Bailey to accept the recommendation ofthe Human Resource Director and Department Headand suspend Jacob Able for one day without pay inthe Police Department. All the aldermen presentvoting aye, Mayor Patterson declared the nlotioncarried.It was moved by Alderman Oliver, seconded byAlderman Antonow to accept the recommendationof the Human Resource Director and DepartmentHead and suspend Chris Carter for five dayswithout pay in the Building Department. All thealdermen present voting aye, Mayor Pattersondeclared the motion carried.It was moved by Alderman Howell, seconded byAlderman Bailey to adjourn the meeting sine-die.All the aldermen present voting aye, MayorPatterson declared the motion carried.IGeorge G. Pal!crson, MayorI

180MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61 -226'~~~CC=A=o'L"O'L~TO ORDER:George G. Patterson- MayorNey Williams- Alderman Ward [E. O. O[iver- A[derman Ward [IJanice Antonow- A[derman Ward I IIUlyssess Howell-Alderman Ward 1\'Jason Bailey- A[derman \Vard VIILisa Carwyle - City ClerkBart Robinson- Chief Operations On,ccrAl Hope- Director of I-juman Resl.llJl"ce·'AGENDA:COMPENSATIONCOMMITTEE:Do\VNTOWN PARKING:EXECUTIVE SESSION:REGULAR SESSION:BUILDING AND GROUNDS:CITY SHOP:BUILDING DEPARTMENT:[t was moved by Alderman Bailey. seconded I"Alderman Antonow to adopt the agenda ft)! themeeting. All the aldermen present \'oting nye.Mayor Patterson declared the motion carried.It was moved by Alderman Oliver. sec"ndcd I"Alderman Williams to not consider a P"\' 1'

RECYCLINGMINUTE BOOK No. 63, CITY OF OXFORDEddie Anderson and Amberlyn Liles came beforethe Mayor and Board of Aldermen to present their2013 budget.181DEMENT-MERIDIAN 61-022£IRECESSIt was moved by Alderman Bailey, seconded byAlderman Antonow to recess the meeting untilTuesday, July 17,2012 at 12:00 p.m. All thealdermen present voting aye, Mayor Pattersondeclared the motion carried.G(;lirgc G. Patterson, I'vlayorII

182DEMENT-MERIDIAN 61·225STATE OF MISSISSIPPICOUNTY OF LAFAYETTECITY OF OXFORDRECESSED MEETINGCALL TO ORDER:AGENDA:PLANNING:EMERGENCY MANAGEMENT:HUMAN RESOURCES:POLICE DEPARTMENT:BOND ISSUE:EXECUTIVE SESSION:REGULAR SESSION:July 17,2012I 2:(lO p.l11.Pursuant to the order of July 13.2012 the fI lan11 and Boardof Aldermen did meet at 12:00 p.m. (11\ Tuesday . .lu" 17.2012 in the conference room of the City H"II "hen andwhere the following were present:George "Pat" Patterson - MayorNey Williams- Alderman Ward IE.O. Oliver- Alderman Ward"Janice Antonow- Alderman Ward IIIUlyssess Howell- Alderman Ward IVPreston Taylor - Alderman Ward VJason Bailey - Alderman v.'arcl VIJohn Morgan- Alderman At LargeBart Robinson-Chief Operations OfficerLisa Carwyle- City ClerkAI Hope- Director of I I uman ResourcesIt was moved by Alderman I lowell. seconded I" .\IdermanAntonow to adopt the agenda for the meeting. ,," thealdermen voting aye. Mayor Patterson declared the motioncarried.Tim Akers came before the Mayor and Board PI' ·\Idennel\to present the Planning Department 201.1 Budget.Jimmy Allgood came before the Mayor and Boal,1 ofAldermen to present the Emergency fllanagcmcnt 20 I.'Budget.Al Hope came before the Mayor "1ll1 noard or .\Iclermcn topresent the Human Resources 2013 Illidget.Mike Martin came before the Ma\()r 81111 g"ard pi'Aldermen to present the Police Department 201, 13udget.The Board of Aldermen discussed the l'pssible GeneralBond issue for upcoming City projects.It was moved by Alderman Howell. sCCCll1ded bv .\lderl1lanAntollow to consider executive session I')f potentiallitigation. All the aldermen present yoting aye. ~ lavorPatterson declared the motion carried.It was moved by Alderman 1I0\\e1L seconded I" AldermanAntonow to go into executive session. All the aldermenpresent voting aye, Mayor Patterson declared tire I)Wti(ll1carried.It was moved by Alderman Oliver. sec('J1(led bv \ IdermanWillianls to conle out of executiye se~si{ln !'md r.;:tqrn foIII

183MINUTE BOO"No.ssa,£l1'¥d~QX-Jn~2'e'DEMENTMERIDIAN610226/\j)J()URNIt was moved by Alderman Howell, seconded by AldermanOliver to adjourn the meeting sine-die. All the aldermenpresent voting aye, Mayor Patterson declared the motioncarried.I--- . __ . ----Gung.: (J. Patl~r:)()j1: j\·1ayorII

184I'~I~~~MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-226UNITED STATES OF AMERICASTA TE OF MISSISSIPPICOUNTY OF LAP A YETTECITY OF OXFORDIREGULAR MEETINGCALL TO ORDER:July 17,2012The meeting of the Mayor and Board or Aldenllcnof the City of Oxford, I\lississippi, was called toorder by Mayor Patterson at 6:00 p.m. ('11 TII'"dal.July 17,2012, in the court roonl (1lCit\ 11,,11 \vhenand where the following were present:George G. Patterson - MayorNey Williams- Alderman Ward IE.O. Oliver- Alderman Wart! IIJanice Antonow- Alderman Ward IIIUlysses lIowell- Alderman Warel1VPreston Taylor- Alderman \\'3rd VJason Bailey- Alderman Ward VIJohn Morgan - Alderman at largeMayo Mallette PLLC Of CounselBart Robinson- Director of Public WorksLisa Carwyle-· City ClerkTim Akers - Dir of PlanningMike Martin- Chief Oxfon.I Police DeptCary SalIis- Chief of Fire DeptEddie Anderson- Dir. of SanitationAl Hope- Dir of Human ResourcesBilly Lamb- Supt of Building & GroundsJimmy Allgood- Director of Emerg. 1\ I "n:'gementRob Boyd- Dir of Parks & RecIAGENDA:MfNUTES:ACCOUNTS:INTENT RESOLUTION:It was moved by Alderman HO\veli. seconded hyAlderman Bailey to adopt the agenda I"r themeeting. All the aldermen present voting H\'('.Mayor Patterson declared the motion ca!Tied.It was moved by Alderman ;\ntnJl(IW. se,'nll,ied hAlderman Williams to adopt the lI1inlltes "I' theregular meeting on July 2. 2012 and tl", specialmeeting on July 13.2012. All the akknne!) I"esentvoting aye. Mayor Patterson declared the !)Vltitlllcarried.It was moved by Alderman Ilo\\ell. sec(lwktl b\Alderman Bailey to approw the pannell' nf allaccounts for the City. All the aldermen presentvoting aye. Mayor Patterson declared the motioncarried.It was moved by Alderman Morgan. secnnded byAlderman Antonow to adopt the fol\o\\illg intell 1resolution for General Obligatiull Bonds. ,\11 theI

-.., ...I ....2 185MINUTE BOOK No. 63, CITY OF OXFORDDEMENT·MERIDIAN 61-0225aldermen voting aye, Mayor Patterson declared themotion carried.IIIn lere came on for consideration the matter of issuing general obligation bonds of theCily of Oxlem!, Mississippi, and after a discussion of the subject matter, AldermanI\lurganoffered and moved the adoption of the following resolution:I1ESOLUTION DECLARING THE INTENTION OF THE MAYORAND BOARD OF ALDERMEN OF THE CITY OF OXFORD,1\1ISSISSIPl'l, TO ISSUE GENERAL OBLIGATION BONDS OFSAm MUNICIPALITY IN AN AGGREGATE PRINCIPALAMOUNT NOT TO EXCEED FIVE MILLION FIVE HUNDREDTIlOlJSAND HOLLARS ($5,500,000) TO RAISE MONEY FOR THEI'lil{POSE OF (A) ERECTING MUNICIPAL BUILDINGS ANDATHLETIC STADIUMS, PREPARING AND EQUIPPINGATIILETIC FIELDS, AND PURCHASING BUILDINGS OR LANDTtiEHEFOi

186MINUTE BOOK No. 63, CITY OF OXFORDDEMENT·MERIDIAN 61-226Hundred Three Thousand Forty-Two Dollars ($277203,042), and the City he,outstanding bonded indebtedness as subject to the fifteen percent (15%) debt limitprescribed by Section 21-33-303, Mississippi Code of 1972, as amended. in the "!llOlJntof Nineteen Million One Hundred Fifty-One Thousand Dollars ($19.151 J)()IJl. RndoLltstanding bonded and floating indebtedness as subject to the twenty percent (2()' 0 \ dehtlimit prescribed by Section 21-33-303, Mississippi Code of 1972. as amended (I' hi ellamount includes the sum set forth above subject to the fifteen percent \ 1'%) del,t limit I.in the amoLlnt of Nineteen Million One Hundred Fifty-One Thousand ])"lIars($19, lSI ,000); andIWHEREAS, the issuance of the City's general obligation bonds as helein~ner set I,nthto be issued, pursuant to the Act, when added to the outstanding bonded inckhtcdncss ofthe City, will not result in bonded indebtedness, exclusive of indebtedness lV.lt sl,hi",:t t'1the aforesaid fifteen percent (15%) debt limit. of more than Ii fteen percent \ 1 "'" I "'I. heassessed value of all taxable property within the City, and will not result in illdehl,,·.jness.both bonded and floating, exclusive of indebtedness not subject to the alineqid t\\ent\percent (20%) debt limit, in excess of twenty percent (20%) of the assessed ".81)1" !If" IItaxable property within the City, and will not exceed any constitutional [1r st~tut"l\limitation upon indebtedness which may be incurred by the Cit\,: andWHEREAS, there has been no increase in said bonded and floatinf! general "hliuati('nindebtedness of the City since May 31. 2012; andWHEREAS, in connection with the Project. the City expects to incur expenscs forwhich the City will advance internal funds: andWHEREAS, the City desires to be able to reimburse itself for all or a portion "I' suchexpenses of the Project from the proceeds of such general obligation bonds: endWHEREAS, the Governing Body is authorized and empowered b\' the A'.:t t" i""ucgeneral obligation bonds of the City for the purposes as hereinafter set li.1rth end there arcno other available funds on hand or available from regular sources of income Illr sllchpurposes.NOW, THEREFORE, BE IT RESOLVED BY THE 1\1 A YOH. ANI) HOi\ HP OFALDERMEN OF THE CITY, ACTING FOR AND ON BEHALF OF THI' {TfY,AS FOLLOWS:SECTION 1. Pursuant to the Act. the Governing Body. acting ("r :m,1 "n j,pj,nlfof the City, does hereby declare its intention to issue and sell general nblig"li,," [",,,cis "I'the City in an aggregate principal amount not to exceed Five Million rj\ e 'IunciredThousand Dollars ($5,500,000) (the "Bonds").ISECTION 2. The Bonds are to be issued to rmse money for the p"tJ'nse uffinancing the Project in accordance with the Act.SECTION 3. The Bonds may be issued in one or more series and \\ill I'cgeneral obligations of the City payable as to principal and interest out of ami secured han irrevocable pledge of the avails of a direct and continuing tax to he le\ied anllual"without limitation as to time, rate or amount upon all the taxable properlv I'itlli.n thegeographical limits of the City.ISECTION 4. The Governing Body proposes to direct the issuance or 811 ('r 811\portion of the Bonds in the amount and for the purposes and secured HS ~roresnid at ameeting of the Governing Body to be held at its usual meeting place in tl", Cit\' Ilal! inthe City of Oxford, Mississippi. located at 107 Courthouse Square. (Ixford. ~li'siss;J1I';.at the hour of 6:00 o'clock p.m. on August 21,2012 or at some ll1eetin~ '". Ill etin\!5psubsequent thereto; provided, however, that if ten percent (10%) nfthe Qlwlijl d cled",..s0of the City or fifteen hundred (1,500), whichever is less. shall 11 Ie a \\r;tten P'''ICSI \\ilbthe Clerk of the City against the issuance of the Bonds on or hefore sC1id dalP and hourpursuant to the Act, then the Bonds shall not be issued unless approv-ed at "n ekel;!ln "nthe question of the issuance of the Bonds called and held as pw\'iried h' 1,,\\: p

I ......4187MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0226the lionels, then the Bonds may be issued without an election on the question of theissuance thdeo( at any time within a period of two (2) years after said date.ISECTION 5. The City Clerk is hereby directed to publish a copy of thisresolution once a week for at least three (3) consecutive weeks in The Oxford Eagle, anewspaper published in and having a general circulation in the City and qualified underthe prm isi()1ls of Section 13-3-31, Mississippi Code of 1972, as amended, with the firstpublication being not less than twenty-one (21) days prior to the date set forth in Section-+ ()f 1hi, r,,,,,lutilln, and the last publication being made not more than seven (7) dayspril)j' Vi :::;u..:h date.SECTION 6. fhe City Clerk is hereby directed to procure from the publisher ofthe atllresaid newspaper the customary proof of the publication of this resolution andha\'c the SUI,jc before {he Governing Body on the date and hour specified in Section 4!lcfc0fSEcnON 7. The City hereby declares its official intent to reimburse itself fromthe proceeds of the Bonds for expenses incurred with respect to the Project subsequent tothe dale 01 this resolution. This resolution is intended as a declaration of official intentUlhlcr Treasury Regulation Section 1.150-2. The Bonds will not exceed an aggregateprincipal amount of Five Million Five Hundred Thousand Dollars ($5,500,000).SECTiON 8. If anyone or more of the provisions of this resolution shall for anyreason be held to be illegal or invalid, such illegality or invalidity shall not affect any ofthe other 1ll

188MINUTE BOOK No. 63, CITY OF OXFORDOEMENT·MERIDIAN 61-226Aldennan Ney Williams voted:Alderman E.O. Oliver voted:Alderwoman Janice Antonow voted:Alderman Ulysses Howell voted:Alderman Preston E. Taylor voted:Alderman Jason Bailey voted:Aldennan John Morgan voted:AYEAYEAYEAYEAYEAYJ:;\YEIThe motion having received the affirmative vote of a majority of the memhers "fthe Board of Aldennen present, being a quorum of said Board of Aldepnen. the ~ Jay()[declared the motion carried and the resolution adopted this lih day 0 r J uh. 2()) 2.11136232902914Alderman Williams recused himself Ii-om the meeting at this time.RESOLUTION OF SUPPORT: It was moved by Alderman Hmvell. se':ond~,1 b,·Alderman Taylor to adopt the foIJo\\;ng rp't)lllt;u"of support for the CON A ppl icatioll or J~ ~ 111- i~ \ 1for the replacement and relocation ()flhe;r "'''·.ri[81.All the aldermen present voting aye. "I,n(>rPatterson declared the 1110tion carriedII

- - - ----- - - --- - --- --- - --- -------------~--189MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0226,REGARDING CERTIFICATE OF NEED APPLICATION OFHArns'!' MEMORIAL HOSPITAL-NORTH MISSISSIPPI, INC.The Board took up for consideration the Certificate of Need Application of BaptistMemorial Hospital-North Mississippi, Inc. ("BMH-North Mississippi") for the Replacement andRelocation of Baptist Memorial Hospital-North Mississippi (the "CON Application"). Upon dueconsideration, the Lafayette County, Mississippi Board of Supervisors adopts the followingResolution, which was first reduced to writing:RESOLUTION OF THE MAYOR ANDTffE BOARD OF ALDERMAN OF OXFORD, MISSISSIPPI,SUPPORTING THE CON APPLICATION OFBMH-NORTH MISSISSIPPI FOR THEREPLACEMENT AND RELOCATION OFBA1'TIST MEMORIAL HOSPITAL-NORTH MISSISSIPPIWHEREAS, in the CON Application, BMH-North Mississippi proposes to relocate andr"place its existing 217-bed hospital in Oxford;WHEREAS, the new replacement facility will be a state"of-the-art medical centerdesigned to Selve the current and future health needs of the North Mississippi community;North lvlississippi have presented an overview of the replacement facility and the CONA Pl'lic&tiul1 to the members of the Board of Supervisors of Lafayette County, the Mayor of theCllY "f\J"ro,",1, and the Board of Alderman of the City of Oxford;WHEREAS, the Board has considered the CON Application and the proposed project forthe feplacemellt hospital, and has determined that this project will greatly enhance the health andI

~~~~ -----~~--~ ~-- -~-190;=----MINUTE BOOK No. 63, CITY OF OXFORD DeM"T MeR'D"N " 226·~--"';we~lliT~iOb;;;ej;;m;-;:g;-o;:;;fr-th~ecitizensof the City of Oxford, Lafayette Co-un-ty-, -a-n~d~t-h~e~N=n~,t~tl="\ ~1V~I"=i S~SJ~' S~Si~P=P=Cililcommunity;I'WHEREAS, the Board has determined that the proposed replacement hospital is in thebest interests of the citizens of the City of Oxford;WHEREAS, the Board desires to express its unanimous, strong support for the approvalIof the CON Application and the proposed project.NOW, THEREFORE, BE IT RESOLVED BY the Mayor and Board of Alderman of theIICity of Oxford, Mississippi, that the Mayor and the Board hereby endorse wd strongly supportthe CON Application and the proposed project to construct a replacement hospital by BMH~,INorth Mississippi, and the Mayor and the Board respectfully request tIle Mississippi StateDepartment of Health to approve the CON Application for this project.After full discussion of this matter, Alderman _Howell ____ _moved thatthe foregoing Resolution be adopted and said motion was seconded by Aldeml8ll_~Taylor ____ -" and upon the question being put to a vote, the vote was as follows:Alderman HowellAYE,: I,Alderman WilliamsAlderman TaylorAlderman OliverRecusedAYEAYEIAlderman BaileyAYEAlderman AntonowAYEAlderman MorganAYE2I

191MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0226nl~,,(iJlg(,f the 1\ layor and the Board of Alderman of Oxford, Mississippi; on this the _17th_day vf_July .~ __ ~ 2012.GEORG"PAT" PATTERSON, MAYORI3I

~I192MINUTE BOOK No. 63, CITY OF OXFORDDEMENT·MERIDIAN 61-226Aldennan Williams returned to the meeting at this time.1ILIBRARY REQUEST:First Regional Library came bet()J"e liFe ~ Javor andBoard of Aldermen to request the same Ie\el offunding as previous years for the Ox ford-l.afa\etteCounty Library.III

'"~...-I~"cffil" zwLibrary Value "Calculator" - Lafayette County/Oxford Public Library>wcC ~uantity Public Library Services Used by Retail ValueIX:0 of Use Citizens of Oxford Last Year Value of Servicesu..>

194 7~~~~-MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61·226BroS:EMERGENCY PURCHASE:It was moved by Alderman Morgan. secnncied b,·Alderman Howell to authorize adver!is~ll1e)1t ofbids for a tracked mini·derrick l11achinc.\ lithealdermen voting aye. Mayor Patterso" declme(1 themotion carried.It was moved by Alderman Williams. secnmled lwAlderman Taylor to accept the report (In theemergency purchase ofa bulldo7:er f;,r the landfillin the amount of $334.145.84 li·om ThompsonEquipment. All the aldermen voting me. i\la\DrPatterson declared the motion carried.III

HIn0\ ~I

196 8MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 51-226PARADE PERMITS:RESERVE OFFICER:FBI NATIONAL ACADEMYCONFERENCE:MINIMUM HIRINGAGE:COMMITTEE FOR DESIGNBUILD OF TENNIS COMPLEX:STORl'vl PREPAREDNESSAND MITIGATIONMEETING:AMENDMENT:AMENDMENTS:Chief Martin came before the I\lay

.. ~_.,9 197MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0226IIIPROII'S:SIONAL JUDICIALLlEVELOI'~IENT:RESlilf't-\iION:PRlil\ICHI()N:.-\DVI'R IISI·.:EXICUTIVE SESSION:,\PPR\IS.-\L:RFliliL\R SESSION:I

198DEMENT-MERIDIAN 61·226STATE OF MISSISSIPPICOUNTY OF LAFAYETTECITY OF OXFORDRECESSED MEETINGCALL TO ORDER:July 19,2012g:()() 8.m.IPursuant to the order ofJlIly \7,201.2 the \18\(" and BC1a'lof Aldermen did meet at 8:00 a.m. ('11 r,It's,hn . .lu" J 0. I2012 in the conference roolllofthe Cit, J lall "1",,, 811(.1where the following were present:IGeorge "Par' Patterson - MayorNey Williams- Alderman \Va,d IE.O. Oliver- Alderman Ward IIJanice Antonow- Alderman Ward IIIUlyssess Howell-absentPreston Taylor - Alderman Ward VJason Bailey - Alderman Ward VIJohn Morgan- Alderman At LargeIAGENDA:FIRE DEPARMENT:PUBLIC WORKS:FINANCIAL ADM:RECESS:Bart Robinson-Chief Operatiolls OfficerLisa Carwyle- City ClerkAl Hope- Director of Human ResourcesIt was moved by Alderman j'''organ. seconded b\Alderman Williams to adopt the agenda h' th~ meeting.All the aldermen voting aye. Mayor P811erS(,1l 'k'.-Iared themotion carried.Cary Sallis callle before the 1'.1avor mld ll

199llii,IItED STAMJNUfEI8QOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0226SL\TE Of tllIS:)ISSIPPICOUNTY OF L\FAYETTECI j Y OF ()XHW.DIIRECESSED I\IEETINGCALL TO ORDER:-"-

200rMINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-225BUDGIe I:BUDGET:BUDGET:MOUNTED PATROL:OED:RECESS:Donna Fisher presented (he 2012-2013 Budget I,'r theCourt Department to the Mayor and Bomd or Aldermen.Brad Freeman presented (he 2012-2013 13udget I,,, FNCPark (0 (he Mayor and Board of Aldermen.Alderman Antonow discussed the possibilily or leasing ahorse bam in the City for the I\lounted Patrol. The detailsare still being worked out.Rob Neely with Oxford Electric DepartnlPllt requestedmerit raises for some employees. This "ill be ,liscu"edlater with all raises proposed in the Cit,.It was moyed by Aiderillan Antono\\" .. scu>ndpd I"Alderman OliYer (0 recess the meeting lIllfil1 ill"',,!", . .lu"26,2012 at 8:00 a.m. All the aldermen ,,,ting;n P. ~ len,,/"Patterson declared the motion carried.IGeorge G. Patterson, MayorII

201UI\ITED slxlMLNUiliEuBDOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0226ST ".It: OF f\IISSISSIPPICOUNTY OF LAFAYETTECIlY OF OXFORDIIRECESSED MEETINGC.".LLIO ORDER:.'GLNDA:OR Dil'iAM'E 2012-4:f\1:\ YOI

202u_M!t!YJlisi~Q~ ~8cri(1§i~r'pEj'J;.' EQfrjn9 lS,fs2!iqede'~~\11~~'t~'"-"'regulations requires substantial time and training. Many of the compliance issuesIdiscovered during the self-evaluation are features of new or newly rel1(n ated :construction. It is belief of this Commission that the continued prohlelllS "ithinaccessible city environments are a result of insufficient time and reS(l1lrCeS The Ci(v'sADA coordinator also serves as the Human Resources director. We ('flinT Ihat thi'dual role prevents the ADA Coordinator from having adequate time to 1l1"11i!(lJ'accessibility problems and develop solutions in a timely manner.Priority Two: Transition PlanThe Mayor's Commission on Disability Issues has thoroughly rnie\ved the transitionplan submitted by the ADA Coordinator'S office. We were asked to pri('ritize thefacilities in order of importance to assist the City in budgeting for corrective action. \Vehave done that; however, we wish to stress to the City that the accessihility pi allfacilities is important. It is our hope that the City will set a schedule j,'r the c(lrrecti\cactions that allows for the timely rectification of these accessibility prohlems.ILevell - City Government, Transportation, Security and Voting Facilitiq1. City Hall2. Oxford Police Department3. Oxford Electric Department4. RSVP5. Oxford Conference Center6. Oxford Activity Center7. Stone Center8. OUT Bus Stops - Shelters, paths of travel, etc.Level 2 - Parks and Recreation Facilities1. Oxford City Pool2. FNC3. Bailey Branch Park - FNC4. Avant Park5. Pat Lamar Park6. Rivers Hill Park7. Price Hill Park8. Stone Recreation Center9. Oxford Skate Park10. John Leslie Tennis Complex11. Hank Aaron Baseball ComplexILevel 3 - Administrative Offices and Low Public Traffic Facilities1. Oxford Fire Department2. OUT Transit Offices3. Oxford Parks Commission Offices4. LQC Lamar House5. Cedar Oaks6. Skipwith CottageIThe City of Oxford should frequently reference the Self-Evaluation and Iransitil'l) !,len duringthe process of correcting accessibility problems. This document details very clearly thecorrective action needed to bring each facility up to code.We also encourage the City to remember that the Transition Plan is a living doc(lInent thatshould be evaluated and updated frequently to ensure that all city facilities become, and remain.available and usable by all community members and visitors to Oxford.

,203MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61·0226TLc i\ kllll)cf:; "r lhe ]vlaYGr's Commission on Disability IssuesIP,\I(KlNli (,()~IMISSION:The Parking Commission recommended an agreement withStandard Parking to manage the Downtown Oxford On­Street parking. The Board will consider the proposal for avote at their first meeting in JUly.00" .. 10\\'11 Oxford On-Street Parking Management Proposal SummaryPhase I (7-26-2012)I. The DowlHown Parking Advisory Commission has voted to recommend to the Board of.\lcicrIllel1 it phased approach to managed parking, emphasizing a two-hour time limitcntllrcement of "Premium Zones 1 & 2" on-street parking in downtovvTI Oxford between theIiLlur:; of 8wl1- 8pm daily except Sundays and holidays using (I) License Plate Recognition(il'H., ICChlluk'gy, (2) an improved revenue collection (T2 System), (3) a revised City Codeo( [larl.ing llile violalion amounts and "booting"/immobilization procedures, and (4) StandardI'",-king lu inlpiement and caITY out these recommendations.) Initial cupitctlcosts include a small vehicle ($25,000), leasing of the LPR technology ($45,000)t,; be paid ,n c,- three years, and three boots ($600 each).3. ~tctl"iitlg tll i"elude nne full time manager (hired Inca\ly) and two part time enforcementlJ ((iecL).-1. hHI11'.l adjudication/appeals process will be established by the Commission.II). Implementatiun of Phase I parking proposal will include a 30-day public education &tilillilia,-izatioll period during which all new time limitation violations issued during thisperiod \\ ,lulei be waived and violators provided infolTl1ation summarizing the new parking:;ystem and penalties t(lr violations. All other fines and violations, to include all currentuncollected lines, would continue to be valid and collectable.6. Cude revisions necessary after 30-day education & familiarization period of new parking:::;YSlct11:*Ihe lirst time limitation violation within a 12 month period - free plus providing theviolator lIith information summarizing the new parking system and penalties for violations(L'liiTcIllIJ 1/ 55/ille)., lh..: :;cu""t lime limitation violation within a 12 month period - $10 (current fine),. t h..: rilir..:l tinle limitation violation within a 12 month period - $25 (currentfine)." 1"1,,; (olin/; lIme limitation violation within a 12 month period - $50 (current fine)" Luaciing l.utle violatioll- $100 (currentfine)'i Ali unpuid parking violation tines, except handicap space violations, increase $10 every 30cIa) , up Ili ct l11aXilllUl11 of 60 days (new/ine recommendation)* I fallclicap ,pace violation - $200., lmn,,,biliL:alion - After accumulating four (4) parking time limit violations, two (2)loctding LOIt" violations, or one (I) handicap space violations within a 12 month period; orbk,cUn;! a sidewalk or tire lane/hydrant - $75 removal fee plus payment of all outstandingtines and towing/storage fees (revised for consistent enforcement with otherI'ect'JIIlIIli-::lu/utions)" Imll1obilization - A.fter accumulating three or more violations within past 12 months andha:; allowed the tines to go unpaid for 90 or more days.!., ! tIt t.' IIVI ( II It: (,HUEk IIVIMOBILIZA TrON: "after 90 or more days if any parking,,,L.-; 'I, Illot t,,;,;li IJ

204MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 6j -2268. The proposed Standard Parking contract terms include a base management lee of J24.000 peryear with two (2) incentive bonuses. The initial contract \yould be for thlee (1) \ ea15 and th!:incentives are worth $1.000 each as fo II 0\\ s:* Achieve a fine violation collection rate of 85%* Maintain a 24-hour response (email, text in person or telephone) time (pr all citi7erequests, complaints etc.l9. Projected start-up period operational costs - $10,1 OO/month to $20.000/monlh10. Projected start-up period revenue - $1,800/month to $17,500/monthIII. Projected annual operational cost - $227,700 (approx. $19.000ltnonth)12. Projected annual revenue - $297,600 ($24,800/month)ADJOURN:It was moved bv Alderman Ta\lpr. secnll'.led I".\i

.,205DEMENT·MERIDIAN 61·0226OF THE MAYOR AND BOARD OF ALDERMENOF THE CITY OF OXFORDIPursllant to Section 21-3-21, Mississippi Code of 1972 Annotated, I, George G.i'dilerSl111. l\iayor of the City of Oxford, Mississippi, do hereby call the Mayor and Boardelf Ailkrmc •• ,,['Oxford, MS, to a SPECIAL MEETING to be held onT.lesd"'JlIgusI7, 2012 AT 10:00 A.M. for the transaction of important business.The. '}lecting '.\ ill be held in the court room of City HaIL The business to be acted upon atUte Special t.iccling in consideration of the following:j) .Heritage Foundation request for Burns Belfry. (Jim Pryor)Oxt(lrd Park Commission budget request. (Rob Boyd)Y oknapatwapha Arts Council request. (Wayne Andrews)Humane Society request. (Whitney Rayner and Cyd Dunlap)Discuss lIreworks at Oxford-Lafayette game on August 3D, 3012.This Ihe 6th day of August 2012.IL Cil) Clerk of the City of Oxford, Mississippi, or a Deputy Clerk, do herebycUliti th,n I have nOlified Alderman Ney Williams of the foregoing meetingun_ I+cl!lc-"' l/:i~ 'm~L City Clerk of the City of Oxford, Mississippi, or a Deputy Clerk, do herebycedil~ lilal I have nolitied Alderman E.O. Oliver of the foregoing meetinguil_._,.dl.:_at ./ . I?;- a.m.lg.~UMt9Y /cerlit~I, Cil) Clerk of the City of Oxford, Mississippi, or a Deputy Clerk, do herebylhal I have notitied Alderman Janice Antonow of the foregoing meetingon // .. /.]. at ~r 1

206I, City Clerk of the City of Oxford, Mississippi, or a Deputy Clerk. d" hne h ,certify thit I have notified Alderman Preston Taylor of the ror('~nillg I1 l ee 1illQon t ~llu at Lf ( Ie" a.m.l~;"'),.-/"1II_____'/"/:,' .../ II _,/ I, 1 ,,! 1. 1.1 ,'- I."...-- - V < I.-._. - ---I-. ---- -----; /I, City Clerk of the City of Oxford. Mississippi. or a DeputV Clerk. dO' ilert'b:-certify th1t l !lave notifi,;d Alderman Jason Baile) of the forell"ill[! l11eell!lgon

207MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0226Mayor and Board of Aldermen of the City ofOxford did meet at 10:00 a.m. on Tuesday, August7,2012 in the court room of City Hall when andwhere the following were present:IGeorge G. Patterson- MayorNey Williams- Alderman Ward IJanice Antonow- Alderman Ward IIIUlyssess Howell-Alderman Ward IVPreston Taylor- Alderman Ward VLisa Carwyle - City ClerkBart Robinson- Chief Operations OfficerAl I Iope- Director of Human ResourcesIt was moved by Alderman Howell, seconded byAlderman Taylor to adopt the agenda for themeeting. All the aldermen present voting aye,Mayor Patterson declared the motion carried.IIBURNS BELfRY:OXFORD PARKCOi\Ii\llSSI0N:IIUI\IANE SOCIETY:FIREWOlzKS:"DJOllRN:Jim Pryor came before the Mayor and Board ofAldermen to request $10,000.00 in matching fundsfor Phase III of the Bums Belfry renovation.Areledia Bennett came before the Mayor and Boardof Aldermen to present the RSVP budget. RobBoyd came before the Mayor and Board ofAldermen to present the OPC budget.Wayne Andrews came before the Mayor and Boardof Aldermen to request funds for Y AC. They areasking for an increase in their operating funds from$30,000.00 to $35,000.00 and an additional$25,000.00 for renovations at the Powerhouse.Cyd Dunlap and Whitney Rayner came before theMayor and Board of Aldermen to request funds foranimal control that the Humane Society contractswith the City to perform.It was moved by Alderman Howell, seconded byAlderman Williams to allow the School District toshoot fireworks during the Oxford -Lafayette gameon August 30, 2012. All the aldermen presentvoting aye, Mayor Patterson declared the motioncarried.It was moved by Alderman Williams, seconded byAlderman Antonow to adjourn the meeting sine-die.All the aldermen present voting aye, MayorPatterson declared the motion carried.George G. Patterson, Mayor~0Lisa Carwyle, City Cle'rIC

208MINUTE BOOK No. 63, CITY OF OXFORDDEMEN,ME"""N"'"~~~~ ---~~~~l'I iNITID S 1'\1 ES 01 AMERICAISTXTE 01 i\IISSISSIPPICOllKIY 01 LAFA YETTECITY 01' ()>{FORDIRUiUl\l{ i\IELTINGp.lli.l,\LL (() lJRDI:R:August 7, 2012 6:00The meeting of the Mayor and Board of Aldermenof the City of Oxford, Mississippi, was called toorder by Mayor Patterson at 6:00 p.m, on Tuesday,August 7, 2012, in the court room of City Hall whenand where the following were present:George G. Patterson - MayorNey Williams- Alderman Ward IJanice Antonow- Alderman Ward IIIUlysses Howell- Alderman Ward IVPreston Taylor- Alderman Ward VJason Bailey- Alderman Ward VI1\'layo Mallette PLLC - Of CounselBan Robinson- Director of Public WorksLisa Carwyle- City ClerkTim Akers - Dir of PlanningMike Martin- Chief Oxford Police DeptCary Sallis- Chief of Fire DeptEddie Anderson- Oil'. of SanitationAl Ilope- Dir of Human ResourcesRob Boyd- Dir of Parks & RecI\(iENIHIt was moved by Alderman Howell, seconded byAlderman Will iams to adopt the agenda for themeeting. All the aldermen present voting aye,Mayor Patterson declared the motion carried.H\YOj(':,I

.,2209MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61·0226It\lINUTES:ACCOUNTSIt was moved by Alderman Antonow, seconded byAlderman Bailey to adopt the minutes of the regularmeeting on July 17,2012 and the recessed meetingson July 17,19,23 and 26, 2012. All the aldermenpresent voting aye, Mayor Patterson declared themotion carried.It was moved by Alderman Howell, seconded byAlderman Bailey to approve the payment of allaccounts for the City. All the aldermen presentvoting aye, Mayor Patterson declared the motioncarried.OXFORDSCIIOOLDISTRICT 2013 BUDGET:Brian Harvey came before the Mayor and Board ofAldermen to request funds for the 2013 budget.The budget request follows below:III....J

~il

,I ~MINUTE BOOK No. 63, CITY OF OXFORD3211DEMENT-MERIDIAN 61-0226Iope BOARD:OXFORD LAFAYETTECOUNTY VOCATIONAL­TECHNICAL CENTER:It was moved by Alderman Williams, seconded byAlderman Antonow to confirm the County'sappointment of Missy Wilson to the OPC Board.All the aldermen present voting aye, MayorPatterson declared the motion carried.It was moved by Alderman Howell, seconded byAlderman Antonow to adopt the following intentresolution to set mill rate for Oxford-l.afayetteCounty Vocational-Technical Center. All thealdermen present voting aye, Mayor Pattersondeclared the motion carried.II

212MINU~~§~Q~Pi~ib£g~uREERM9~Q~. ~DEM~ENO'M====E"'D"==="'226CITY OF OXFORD, MISSISSIPPI, DECLARING ITSINTENTION TO PROVIDE ITS PRO RATA SHARE OF TllfOXFORD-LAFA YETTE COUNTY VOCA TlONAL-TECHNICAL CENTER(OXFORD-LAFAYETTE COUNTY SCHOOL or APPLIED TFCIINOLOGY)WHEREAS, the Board of Trustees of the Oxford Municipal Separate School District unanimousl"adopted a Resolution and Order requesting the Mayor and Board of Aldermen of tile Cit) of Ox f,'I'ci.Mississippi, to levy taxes in the amount of$250,000.00 to assist in the operation o1't"o Ox f,'rd -I_a I:,\ett 'ICounty Vocational Center (Oxford-Lafayette Coullty School of Applied Techllo\c'g)) illc'rller to enahl,the Oxford Municipal Separate School District to pay its pro-rata share of tile operati .. 'n of the Oxf('rd-'Lafayette County Vocational-Technical Center during the 20 I 2-20 13 school se"ion: andI ,WHEREAS, the Oxford Municipal Separate School District. under agre~ment entered into by and'between the Oxford Municipal Separate School District, dated September 28. 1971. is "bl igated te' pay itspro-rata share of the operation of the Oxford-Lafayette County Vocational-Technical Center (Oxford-Lafayette County School of Applied Technology); and,WHEREAS, as required by law. and particularly Section 37-7-409. rvlissi5Sippi (,(,de (,f 1972.Annotated, and amendments thereto, the Mayor and Board of Aldennen are required to make such len asrequested in said Resolution and Order of said Board of Trustees. and to declare its intentinn to do so 11)'this Resolution, and as hereinafter provided, and in accordance with said Section ,'/ -/ -411 0 .NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND BOARD nl .\Idermen 0'Ithe City of Oxford, as follows:Section I: Pursuant to the aforesaid Resolution and Order of the Board of Trustees of the OXfiJr~'Municipal Separate School District and as required by law, and particularly said Section 3/-7-cj09. theMayor and Board of Aldermen declare its intention to levy taxes in the amount of $250.00(\.00 for the,purpose of providing funds to said school district to assist in the operation of the Oxiillll-l.afayetteCounty Vocational-Technical Center (Oxford-Lafayette County School of Applied leclll1'.llnQ\) a~, IIprovided by law and in particular said Section 37-7-409.I!Section 2: That this Mayor and Board of Aldermen proposes to make said len at a Illeeting l,f saidMayor and Board of Aldermen to be held on September II. 2012 at 4:00 p.l11.!If the lessor of I SOf) ('jtwenty percent (20%) of the qualified electors of the Oxford Municipal Separate School District shallitl :a petition against the making of said levy herein provided for within the time specij'ed in Secti(,,, -' (,fthiResolution, and requesting an election on the proposition of levying such additional I:)X for schuolIpurposes, then such levy shall not be made until an election shall be held to determine \\ hether or not 36'sof qualified electors of said district shall favor the additional levy for school purpose:;.Section 3: That this Resolution shall be published once a week for not les:; than three (3consecutive weeks in The Oxford Eagle, a newspaper published and having a general circulatioll i,):I

,213of 19-18, and amendments Ihereto, The first publication of this Resolution shall be made not less thanI\\enty-one (11) days prior to the date fixed in Section 2, of this Resolution for the making of suchad,litianal levy, and the lasl publication shall be made not more than seven (7) days prior to such date,That if within tifteen (15) days after the final publication of the Resolution, a petition signed by the lessorIof 1500 or twenly percent (20%) of the qualified electors of the Oxford Municipal Separate SchoolDistricl requesling an election on the proposition oflevying such additional taxes for school purposes istikd \lith the City Clerk ofthe City of Oxford, such levy shall not be made until an election shall be heldto detennine whether or not 3/5'5 of qualified electors ofthe Oxford Municipal Separate School Districtshall favor the additional levy for school purposes, All as provided in said Section 37-7-409, MississippiCode of 1972, Annotated, and amendments thereto,Seclion 4: That lhe City Clerk shall be and she is hereby directed to obtain from the publisher oftheal(,r,,,aid newspaper, the customary Proof of Publication of this Resolution, and shall have the samebeI'ore the Mayor and Board of Aldermen on the date specified in Section 2 of this Resolution,Alderman _Howell__ lllade the motion which was seconded by Alderman _Antonow___10 adopt Ihe foregoing Resolution, which was introduced in writing at the meeting of the Mayor andIBoard of Aldermen of the City of Oxford, Mississippi, held on August 3, 20 I 0, and was at said meeting,read, considered, and adopted, paragraph by paragraph, section by section, then as a whole, and thequestion being put to a roll call vote, the result was as follows:Alderman Williams voted AYEAlderman Oliver voted ABSENTAlderman Antonow voted AYEAlderman Howell voted AYEAlderman Bailey voted AYEAlderman Taylor voted AYEAlderman Morgan voted ABSENTApPl'llved, this the 7th day of August, 2012,IXITEST:'~/ l.i~d Car\\')' IeLb.~ D. C. \ R IN Y :-L ccE.-cC"'I~TCO-yC-C:C:-L;-CER K__ lsi George Patterson __George G, PattersonPublish: August 14, August 21 and 28, 2012

214 4MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61·226Do\VNTOWN PARKINGMANAGEMENT:It was moved by Alderman l\ntOl1(1\\. seconckd bvAlderman Bailey to authorize ~layc1[ Patterson tosign contract with Standard Parking f(Jr dCl\\ntc)\\"Ilparking management services. All the aldernlenpresent voting aye, Mayor Patterson declared themotion carried.I,III

.,III ~215MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0226MANAGEMENT AGREEMENTThis MANAGEMENT AGREEMENT (this "Agreoment") is made and entered into as ofthe 14"' day of August 2012, by and between City of Oxford, Mississippi, a municipal government("OWl." ... '), alld SP Plus® Municipal Services, II division of Standard Parking Corporation, aD"law .. c (:orporalion ("OPCl'utOl''')"IWITNES SETH:THAT, WHEREAS, Owner presently owns or controls multiple PI\,\~tI~)ij"!fL!'Itp~rking spilces having approximately 1,188 aggregate parking spaces;WHEREAS, OperataI' is an experienced operator and manal~I~\f!ilr~:lngstreet parking spaces; andon-streetWHEREAS, Owner and Operator desire to en~~I\lI,lt{j~n agrl~emlent whereby Operator willmanage all parking of motor vehicles at thein Section 1 below), including,parking enforcement services,and citation collections, on the termsset fonh below,NOW, THE:RE!l@loontained, [iteof the mutual covenants and agl'Cemellts hel'CinI1. Owner hereby grants to Operator and OperatOl" herebyaccepts theand obligation of administering, managing and operating the parkingo1')

216'iI ,MINUTE BOOK No. 63, CITY OF OXFORDDEMENT·MERIDIAN 61·226month during which said notice is received. The term "Yenr" shall mean the twelve (12)consecutive months beginning with the Commencement Date and each twelve-month periodthereafter,3. OPERATQR'S OBLIGATIONS AND SERVICES I OPERATING EXPENSES.Operator hereby covenants and agrees that it will:I:b(a)Supervise and direct the opera!lon of the Premises aR'j!it'\lJ".g~~·tfjcustomary services incidental thereto for(Citation issuance and collection of citation '''''''no'M,''\lsual andservice~I(b)Employ sufficient experiencedPremises who will be COUlWOUSpersonnel to operate the'1l!l.!W0&\P.rlu render the Services.(c)(d)Promote, advertise and ei~~~fr!~ the volume, efficiency andquality .~ hereunder. .assistance monitoring servke to remotely assistcustomer service questions they may have while"Cenll'a) Monitoring Service").(f)(g)transient IIsers of and monthly parkers at the Premises parkingand other charges as directed by Owner. Where Owner requests\,.QiP€ii·alclr to establish and/or honor non-prepaid validation Fgreemenls orpro'gl'llms with any third parties or Owner's tenants, OpelRtor sh. II not beresponsible for any uncollectible receivables in connection with suchagreements or programs.Attend meetings with Ownet' and pal1icipate in community outreachmeetings as requested by Owner from !lme to time,Advise Owner on best practices related to the operation of the l'remises an~the future expansion of Owner's parking progt'am, which may include theconstruction of a future parking garage.I(h) Annually during the telm, Operator shall prepare and deliver- to ()wn~,. "budget, for Owner's reasonable approval, reflecting the Gross Receipts "ndOperating Expenses (defined below) which Operator expects 10 receive andincur, respectively, during Owner's forthcoming fiscal year (the "Rudget").It is acknowledged that Owner's fiscal year is October l"t through September30"', and Operator shall pl'Ovide the Budget to Owner by June 30'" of eachYear for the forthcoming fiscal yeal', Operator shall proVide a p

,217MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0226Operating Expenses likely to be incurred during said period will exceed theBudget's projected total by more than ten percent (10%), Operator shall soadvise Owner, and Owner and Operator shall jointly discuss what actions, ifany, could be taken to minimize the Operating Expenses withoutsubstantially impairing the operatIon of the Premises.IIOWller shan pay Operator for expenses incwl'ed by Operator in the p

218MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61 ·226.~~~IBURNS CHURCHRENOVATION:TRANSIT FACILITY:It was moved by Alderman Taylor, secollded bvAlderman Bailey to approve the change ordcr fllfBurns Church Renovation project in the amount of$9,504.00. All the aldennen present \"ting aYe.Mayor Patterson declared the motioll carried.It was moved by Alderman Willial11s. ,econded b\Alderman Antonow to reject the bid, for the TransitFacility site work, based on the foll('\\ingrecommendations and authorize pennission II' rebidthe entire project. All the aldermen rresenl \dingaye, Mayor Patterson declared the ]1wti')11 carried.III

.,219MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61·0226MEMORANDUMITOFROl\I:Ii. L:City of Oxford Board of AldermenAugust 2, 2012Tim AkersTransit Facility Site Work BidThe sire: work bid t~1r the proposed transit facility was due on July 31,2012.Five: bids II'ere received with Southern General Contractor, LLC's bid of$ I 96,UO() being (he lowest. The second lowest bid was $288,000 submittedby D, Carroll Construction LLC. However, only one bid (D, CarrollClll1,;(rLicliul1, LLC) was declared responsive due to failures to adequatelydlll'Ull1ell( good faith efforts in identifying Disadvantaged BusinessEnkrprisL (DBE) project participation.ISubseqLlellt to (he bid opening, the apparent lowest bidder requested towithdrdl\' their bid for an acknowledged omission of required work in theirprllpo:-,eci amOUllt. The value of the omitted work was approximately~-'7,O()(), Due to the possibility of cost savings to the city and the failure of,til but lll1C of the bidders to comply with the DBE guidelines, staff1\;CdlllIl1Clllb that the project be rebid,I

220~ I,~INUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61·226August 1,2012George Patterson, MayorCity of Oxford107 Courthouse SquareOxford. MS 38655IR[:Sitework PackageOUT New Maintenancc & Opcrations FacilityBid Tablliation & RecomlllendationDear Pat:Southern General Contractors, the apparent low bidder ell) the alwvc rt:i'ercllc!:d 1" ""','1.has requested to withdraw their bid for an acknowledged oll1issiun

.,MINUTE BOOK No. 63, CITY OF OXFORD221DEMENT·MERIDIAN 61·0226CFHTlFII:n Bill TABULATION FORMIlLLlll! l';lll\,.;]":;,ll; il-dlbil SyStelll~";\'. \lJllll....:iLlllC'-· S.: Opcratll")IlS Facility:)1\":\\ ll)-I, tJ,jlj,[I:';-:-l'i',j'nl"lt !\iissi::,sippiArchitect's P.N· 1010-13(,dltl':IUllr:Base Bid:,'l!)udlcrn Celler;!1 C(llltractDrs, LtC S 196.000- Lilill,-'.ll--: II( jZ(!SPdlbiliiiil) ;! I 766-l-MC\lj,j";IlJlllj, ,,,Pli!bibilil) ii08212-I\IC'> HI,I ~":'''':lll'il: lj]cl11ilC IZ

222MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-226I certify that this is a correct tabulatioll of all bids received for this Proi~c( (111 [h,~' d'lk :,L!: ,"! ,!I",\·'--V""W"/~~~",,)---- .~ll( 1r)L~,III

,6 223MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0226IREDISTRICTING PLAN:It was moved by Alderman Antonow, seconded byAlderman Bailey to approve the proposedredistricting plan and authorize submission to theDepartment of Justice. All the aldermen presentvoting aye, Mayor Patterson declared the motioncarried.II

224--.... i:::~, '\ 0

Citytr:Current Ward Plan-~ illl Deviation Black Minority! I Black VA? Minority VA?II" ...... II.I~~.... i:t Total Ideal Tnt", \lAC2 ~II 3,3601 3,136.31 223.71 7131 4041 12.021 5451 16.221 2,8291 3321 11.741 4391 15.523 III 3,3341 3,1363L.197.71 6.301 6121 18.361 7841 23.521 3,0551 5151 16.861 6591 21.574 C III 2.4931 3,136.31 .643.31 -20.511 1.4191 56.921 1,6801 67.391 1,9101 9401 49.211 1,1431 59.845 ~ III 4,0181 3.,36.31 88171 28.111 9801 24.391 1,3721 34.151 3.4071 '7-591 22.281 1,0731 31.4920.5625.98XCityofC Mississippi: Proposed Ward Plan (Option A)Percent13.89"~ III Deviation Black MinorityWar~ Total Ideal T_ ..... \//I,CI Black VA? Minority VA?NumberPercent1 ?" III 3,1841 3,136.31 47.7 16.542 t-III 3.0701 3,136.3\ -66.3\ -2.11\ 264\-- 860\ 393\ 12.801' 2,573[- 220\ 855\ -318] 12.363 t \111 3,0631 3,136.31-7331 -2.341 5431 17731" 6811 22.231 2,7991 4481 16.011 5621 200814 -.I II 3,0561 3,136.31 -8031 -2.561 1,6291 53:301 1,9361 63.351 2.4241 1,1201 46.201 1,3621 561~5 Mill 3,2171 3,136.31. 80.71 2.571 8281 25741 1,1561 35931 2,7501 6561 23.851 9211 33.496 COTolal •CityOf~C~Mississippi: Proposed Ward Plan (Option B)0111 Deviation Black Minority'd.. Tn .... ' .......... 1 ~ ..... ...Black VA? Minority VA?Percent2 ,,;11116.323,0701 3.136.31 -6631 - -2.1,1 2641 8601 3931 12.801 2.5731 . -2201 8.551 3181 12.363 :'"'"111 30631 313631 -7331 -2.341 5431 17d 6811 22231 27991 4481 16011 5621 20Q~4 ~III 3,0561 3,13631_ -8031 -2.561 1,6291 53,301 1.9361 63.351 2,4241 11201 46.201 1,3621 56.195 :111 32171 3,136.31 8071 2571 8281 25741 1.1561 35931 2.7501 6561 23.851 9211 33.496 ~III 3,2521 3.13631 115.71 3691 4931 15.161 7211 22.i71 2.7411-'- 3711 13.541--552~20.14i196 21.90 5,449Sources' U.S. cj~nsus Bureau, 2010 Redistricting Data (P.L. 84-171) Summary File ;~ Lafayette County P3rcel DataI_~qend:Total: Total P0ollil3tlonideal: Ideal Wart/! PopulationDeViation: DifferUmce Between Total Population and Ideal PopulationSlacl

2267ENHANCEMENT GRANT:TENNIS CENTER:INTERLOCAL AGREEMENT:It was moved by Alderman] ]O\vell. ,econdeci b\Alderman Williams to approve the ,,,bnlittai "rtheapplication for a Transportation Enhancement errantfor safety improvelllents at the interci18nge (,IHighway 7 and Sisk A \·enue. including epI1structiOllof sidewalks, bikelanes and landscaping. The Cit,of Oxford certifies that there are no kn"\\llforeseeable legal impediments existing that \\(luldprohibit completion of the project and that theproject complies with applicable codes. standardsand/or regulations required for complelipn. lheCity will request to enter into an agreement "itb theTransportation C0l11111ission regarding maintenanceof the sidewalk and landscaping completed underthis project. All the aldermen present voting ave.Mayor Patterson declared the motioll cmried.It was moved by Alderman Antpl1o\\. sewnded bvAlderman Bailey to reject the bid on the John Le,lieTennis Center. The City received (llle I'id rr(lillBarnes and Brower in the amount "rq;2.9'.t;'JI1 c"'Tin\.It was moved by Alderman Williams. ,ccol1dcd bYAlderman Taylor to authorize the amenclment tointerlocal agreement with Universit\ oil\lississippifor tennis complex. All the aldermen present votingaye, Mayor Patterson declared the ill(ltion carried.III

,227AND THE UNIVERSITY OF MISSISSIPPIDEMENT-MERIDIAN 61-0226-----0IThis Agreement made on the l day of ~ ,2012, by and betweenthe City of Oxford, Mississippi, a municipality duly eXlS ng under the laws of the Stateof J\/ississippi CCity"), and the University of Mississippi, a state institution of higherlearning duly existing under the laws of the State of Mississippi ("University"), whichagfcement is set forth as follows:WHEREAS, the Mayor and Board of Aldermen of the City, as the duly electedg,werning authorities of the City, have the duty to adequately promote the health, safetyand welfare l1f the citizens of the City, pursuant to Section 17-1-3, Section 21-17-1 andSection 55-9-1 of the Mississippi Code of 1972, Annotated, as amended; andWHEREAS, the Oxford Park Commission operates and manages parks andrecreational facilities owned by the City of Oxford in accordance with Section 21-37-33and 21-37-35 of the Mississippi Code of 1972, Annotated, as amended; andWI-1EIU;;AS, the University wishes to ensure tennis facilities are available for theoticI' of instruction of tennis to its students through its Health, Exercise Science andRecreation !\/anagement Department; andWHEREAS, the parties have determined that it is in the best interest of thecitizens of the City and of the University and its student body to provide, expand andimprove the lllltdoor tennis facilities of the City, including at John Leslie Park, andIWHEREAS, the City and Lafayette County, Mississippi each plan to make allnancial cOlllributiolls in the amount of $475,000 for said expansion and improvement,for a combined, aggregate contribution in the amount of $950,000; andWI1EREAS, the City has requested financial assistance from the University in theamount of $550,000 for said expansion and improvement; andWHEREAS, the governing body of the City has authorized its undersignedreprcsenlati ,es to enter into and execute this Agreement and the University has receivedapprovalti·,ll1l the Board of Trustees of State Institutions of Higher Learning to enter intothis .\greement:NO\\'. THEREFORE, for and in consideration of the mutual covenants andagreements contained herein and other good and valuable consideration, the parties dohereby agree as follows:I. This agreement (AAgreement@) is entered in accordance with the provisions of[VIis;. Code Ann. §§ 17-13-1, et. seq., the Alnterlocal Cooperation Act of 1974"I

2282. The University agrees to pay the City the sum of $550.000 in the 111illlner ,11[)\\ nin attached Schedule "A," and the City agrees to use these Icmds for the pla1ming.bidding, contracting, development, and construction and expansion or current Cit\"tennis facilities ("Tennis Facilities'"). The City agrees to contribute a t(ltal "f$475,000 for the expansion and construction of the Tennis Facilit\". Additi('l1allv.Lafayette County, Mississippi, by way of a separate interiocal agreement. hasagreed to contribute $475.000 for the expansion ami constructi(ln of the Icnni,Facility, for a combined, aggregate contribution from the City and LafavetteCounty in the amount of $950,000.I3. The University will be allowed access to the Tennis Faciliti~s If,'r tennisinstruction to its students enrolled in classes offered by the lini\ersit\ llealth.Exercise Science and Recreation Management department at appropriatehdesignated times and with reasonable terms. By way of exan1ple on", theUniversity may schedule with the Oxford Park Commission c,nd he all'.l\\edaccess to six (6) tennis coU!is for two (2) hours per court. l"dnnday tlnnu"h I rid;".in order to accommodate Uni\"ersily Health. Exercise Science all" Reereati(l))Management department tennis classes.4. Participants of University intramural tennis programs operated through theDepartment of Campus Recreation shall have reasonable access to tellnis I:O\ll"tswithin the Tennis Facilities on a first come first serve basis. exclusi\c 01 thosecourts already scheduled and reserved through and/or by the Ox li.ml ParkCommission.5. The City agrees to use its best efforts to finance and construct the TennisFacilities as soon as reasonably practicable. The City shall retain all rights amiduties related to the design, building, and oversight or the subject IilCilities. TheCity shall receive, disburse and account for funds involved. fhe City shallprovide to the University full access to records related to the project uponreasonable notice from the University.I6. The parties also agree that the City may need or desire additional financialassistance from the University for the Tennis Facilities. In the e';"lt. the fit\ PI"the Oxford Park Commission make a request to the lini\'ersit\ I,'r 8dditi(lllalfunds to further develop, improve. expand. or maintain the Tenni, Faeiliti,',. theUniversity agrees to seriously consider all such requests in g(l(lri faith "ithinbudgetary constraints. If at any time after five (5) years after thc (lriginalconstruction and surfacing of the tennis courts. the City and/or the ()~for" ParkCommission shall determine that the tennis courts require re"urfacing. theUniversity agrees to pay one-third of such costs.2I

.,229Iauthorized by Miss. Code Ann. §§ 11-46-1, et. seq. (the Mississippi Tort ClaimsAct), and any other applicable federal, state, or local laws or regulations. Nothingin this Agreement shall be construed as an obligation by either party to indemnifythe other that would not be authorized under applicable law, or an acceptance ofliability by either party beyond that prescribed by law. This provision shall not beconstrued to abrogate, abridge or waive any immunities or privileges held ormailllained by any of the parties to this Agreement.Pursuant to Miss. Code Ann. § 17 -13-11, the parties understand that as a conditionprecedent to the Agreement being enforceable, the Agreement shall be submittedto the ,"'.((orney General of the State of Mississippi for approval. On approval bythe .-\!lorney General, or the passing of sixty days after submission withoutdisapproval, copies of this Agreement shall be filed with the Chancery Clerk ofLafayette County, the Secretary of State of Mississippi, and the State Departmentof Audit, pursuant to Miss. Code Ann. §§17-13-11(3) and (4).9. The term of this Agreement shall be through the City fiscal year 2027. TheAgreement shall be terminable at will by either party, and the parties may renew,amend, modify or alter the terms of this Agreement if the same is in writing, datedsubseq uent to the date of this Agreement, and duly authorized and executed by theparties. While the terms of this Agreement may be renewed, modified, amended,or altered in writing and by the mutual agreement of the parties, any modificationof this agreement must be approved by the Attorney General prior to theimplementing of any such modifications.II ().II.This Agreement (together with attached Schedule "A") constitutes the entireagreement between the parties and supersedes all prior agreements andunderstandings, oral and written, between the Parties with respect to the subjectmatter hereof.If an) prm'ision of this Agreement is held invalid or unenforceable by any courtuf competent jurisdiction, the other provisions of this Agreement will remain infull force and effect. Any provision of this Agreement held invalid Orunenforceable only in part or degree will remain in full force and effect to theextent not held invalid or unenforceable.12. This Agreement shall not unlawfully bind successors in office.13. rhis Agreement is governed by Mississippi law. This Agreement may beexecuted in several counterparts that, when combined, will constitute the originalinstrument.3I

230Tennis Facility will be owned by the City and operated and managed bv theOxford Park Commission.'APPROVED AND EXECUTED BY THE RESPECTIVE PAHTIES as of thedate indicated below pursuant to lawful action adopted by the governing authority of eachparty.Approved by the City of Oxford by lawful resolution dated the August 7, 2!1J2.IApproval by lawful action of the Board of Trustees of State Institutions of HigherLearning dated ,2012.THE UNIVERSITY OF MISSISSIPPIDaniel W. Jones. ChancellorI4I... '

.,I~MINUTE BOOK No. 63, CITY OF OXFORDSchedule" A"231DEMENT-MERIDIAN 61-0226-~Contributions irom the University for the Tennis Facility shall be made payable to theCit)' of Oxt",d on the following dates:Sepkmber 1, ~O 12 $235,000IOctober 1, 2U 13 $45,000October 1, 2014 $45,000October I, 2015 $45,000October 1, 2016 $45,000Octoher 1,2017 $45,000Octo her 1, 2018 $45,000October I, 2019 $45,000I5I

232 8MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-226TRENCHING AND RIGHT OFWAY ORDINANCE:TELECOMMUNICATIONSPERMIT ORDINANCE:WATER PLANTDEMOLITION:SUNDAY:TRAVEL:POWER CONTRACT:TAXI DRIVER PERMITS:FISHING RODEO:RESIGNATIONS:This was the first reading of a proposed ordinanceregarding trenching and right of wa\.1 he secondreading and public hearing will be held at the nextboard meeting.This was the first reading of a prop()sed ('rciinallceregarding telecommunications permit. rhe secondreading and public hearing will be held at the ne~tboard meeting.It was moved by Alderman WilliaJll'. seconded hyAlderman Bailey to accept the Water F1antdemolition project. All the aldermen present votingaye, Mayor Patterson declared the motion carried.It was moved by Alderman Howell. seconded bvAlderman Bailey to approve Pro-Wash to work onSunday to clean Van Buren Ayenue. Hart Robinsonstated they would not interfere with the adjacentchurches on Sunday. All the aldermen prpsentyoting aye, Mayor Patterson declared the 111oti(1ncarried.It was moved by alderman An(onov\. sec(1nded b\Alderman Williams to approve for a \VastewatprTreatment employee to attend the Annual SouthMississippi Conference and Short C(\llrSe with acost of$I.1 15.00. All the aldermen present votingaye. Mayor Patterson declared the Ill(\ti"n carried.It was moved by Alderman lI(mel!. seconded bvAlderman Bailey to authorize Mayor Fatterson tosign amended power contract with TVA. ;\11 thealdermen present voting aye. Mayor l'attersondeclared the motion carried.It was moved by Alderman Williams. sec(\nded bvAlderman Bailey to approve Archie Reayes amICasey Barclay for taxi driv'er permits. All thealdermen present voting aye. I\layor Pattersondeclared the motion carried.It was moved by ;\Idennan Howell. seconded bv'Alderman Williams to approve a $GOO.(\(\ paymentto Lafayette County Law Eni()rcement OffIcer',Association for the cost of the Ann,,"1 JishingRodeo at Pat Lamar Park. All the alderrncn presentvoting aye, Mayor Patterson declared tire 1I10ti(111carried.It was moved by Alderman Taylor. sP'.'('1lcled bvAlderman Bailey to accept the resignation of Da\idAim in the Police Department. All the aldermenpresent voting aye. Mayor Patterson declared themotion carried.III

,9 233MINUTE BOOK No. 63, CITY OF OXFORDDEMENT·MERIDIAN 61-0226It was moved by Alderman Antonow, seconded byAlderman Williams to accept the resignation ofJetfrey Kellum in the Police Department. All thealdermen present voting aye, Mayor Pattersondeclared the motion carried.IIEi\IPLOYi\IENT:RESIGNATION:It was moved by Alderman Antonow, seconded byAlderman Howell to authorize the employment ofJoshua Tinner in the Sanitation Department with anhourly wage of $8.25 per hour. All the aldermenpresent voting aye, Mayor Patterson declared themotion carried.It was moved by Alderman Williams, seconded byAlderman Howell to authorize the employment ofKody Turner as a part time seasonal employee inthe Building & Grounds Department with an hourlywage of $8.25 per hour. All the aldermen presentvoting aye, Mayor Patterson declared the motioncarried.It was moved by Alderman Antonow, seconded byAlderman Howell to authorize the employment ofAntonio Austin as a seasonal part time laborer inthe Building & Grounds Department with an hourlywage of $8.25 per hour. All the aldermen presentvoting aye, Mayor Patterson declared the motioncarried.It was moved by Alderman Howell, seconded byAlderman Antonow to accept the resignation ofJohn Russell in the Fire Department. All thealdermen present voting aye, Mayor Pattersondeclared the motion carried .I. -\IH SELF EVALUATIONAND TRANSITION PLAN:EXECUTIYI' SESSION:ClTV ~mEET:It was moved by Alderman Antonow, seconded byAlderman Howell to approve the ADA SelfEvaluation and Transition Plan. All the aldermenpresent voting aye, Mayor Patterson declared themotion carried.It was moved by Alderman Williams, seconded byAlderman Howell to consider executive session forthree property issues. All the aldermen presentvoting aye, Mayor Patterson declared the motioncarried.It was moved by Alderman Bailey, seconded byAlderman Antonow to go into executive session.All the aldermen present voting aye, MayorPatterson declared the motion carried.It was moved by Aldern1an Bailey, seconded byAlderman Antonow to authorize legal counsel torespond to letter from Freeland's stating City'sownership of street. All the aldermen present

234 10MINUTE BOOK No. 63, CITY OF OXFORDDEMENT·MERIDIAN 61 ·226voting aye, Mayor Patterson declared the moti

,MINUTE BOOK No. 63, CITY OF OXFORD235OF THE MAYOR AND BOARD OF ALDERMENOF THE CITY OF OXFORDII'UbUdill to Section 21-3-21, Mississippi Code of 1972 Annotated, I, George G.Patterson, 1\layor of the City of Oxford, Mississippi, do hereby call the Mayor and Board"f .-\I dUl11Ul (jf Oxt(lrd. MS, to a SPECIAL MEETING to be held onTuesday, August 1.t, 2012 AT 8:30 A.M. for the transaction of important business.Th~ l1leding \,ill he held in the court room of City Hall. The business to be acted upon atthe Speciall\keting in consideration of the following:I. Consider executive session.Discllss 2012-2013 Budget.This 1he 13th day of August 2012.II, Cit) Clerk of the City of Oxford, Mississippi, or a Deputy Clerk, do herebycertify [hat I have notitied Alderman Ney Williams of the foregoing meeting'}l1 __ ~LL_" at \ Ill( a'~e:t:)/' ,;J,(::/~ /( t1---! M hvcrYI, City Clerk of the City of Oxford, Mississippi, or a Deputy Clerk, do herebycertify that I have notitied Alderman E.O. liver of the foregoing meeting011·1 I. I I~' -" at \' ,-.J~ a.m--,/t':::::".m __~,~--,,-~~/:.'::' ~----=:::.::::::::Jy-4----Jfofl.J

236L City Clerk of the City of Oxford, Mississippi, or a Deputy Clerk. cit.' herehlcertify that I have notified Alderman Preston Taylor of the foregcling meetingon q,\ \)'\\1/ at \~/~ a.m.l~ ()/;\ JV~U'1" Ii JvI, City Clerk of the City of Oxford, Mississippi, or a Depllt\ Clerk. dc, here'"certify t at I have notified Alderman Jason Bailey of the !()feg(1illg meetin2011 at I ,-; ¥ a. m.lP.m\ / .Ll(/). ..l">d'Acu" {'i,J, City Clerk of the City of Oxford, Mississippi. or a Deput\ Clerk. cin herchlcertify th~t., \ , haavvee ~ notified, Alderman John Morg.an .Of the foreg."iJ1g lJ1eetin!!on_---- ;-_____ ~ ~~/,., f.. ---,---!III

237MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0226Mayor and Board of Aldennen of the City ofOxford did meet at 8:30 a.m. on Tuesday, August14,2012 in the court room of City Hall when andwhere the following were present:IGeorge G. Patterson- MayorNey Williams- Alderman Ward IE.O. Oliver- Alderman Ward IIJanice Antonow- Alderman Ward IIIPreston Taylor- Alderman Ward VJason Bailey - Alderman Ward VIJohn Morgan- Aldennan At LargeLisa Carwyle - City ClerkBart Robinson- Chief Operations OfficerAl Hope- Director of Human Resources'\GENDA:EXECl,n VI' SESSION:It was moved by Alderman Williams, seconded byAldennan Morgan to adopt the agenda for themeeting. All the aldermen present voting aye,Mayor Patterson declared the motion carried.It was moved by Alderman Antonow, seconded byAlderman Bailey to consider executive session forone property issue and two personnel issues. All thealdermen present voting aye, Mayor Pattersondeclared the motion carried.IIt was moved by Alderman Morgan, seconded byAlderman Williams to go into executive session.All the aldermen present voting aye, MayorPatterson declared the motion carried.IC(Ji\iSULXIANT:REGULAR SESSION:BUDGET:EXECUTIVE SESSION:It was moved by Aldennan Morgan, seconded byAlderman Antonow to authorize Mayor Patterson tohire parking consultant for design of parking garagebehind City Hall. All the aldermen present votingaye, Mayor Patterson declared the motion carried.It was moved by Alderman Antonow, seconded byAlderman Bailey to come out of executive sessionand retum to regular session. All the aldennenpresent voting aye, Mayor Patterson declared themotion carried.The Board of Aldermen discussed various itemsproposed in the 2013 Budget.It was moved by Alderman Oliver, seconded byAlderman Morgan to consider executive session todiscuss personnel issues. All the aldermen presentvoting aye, Mayor Patterson declared the motioncarried.It was moved by Aldennan Morgan, seconded byAlderman Antonow to go into executive session.All the aldermen present voting aye, MayorPatterson declared the motion carried.

.... 1238r,REMl~f.)~~~OK No. §~~ ,;rJvTXyQffeQ~f,QBPsccm.t..t"~>AN6~Alderman Bailey to come out of execuli,p se~sionand return to regular session. All the "Idermenpresent voting aye, Mayor Patterson dc'''hred themotion carried.SUSPENSION:ADJOURN:It vvas moved by Alderman Antonem. secl1ckd b\Alderman Williams to accept the reC(1JlllllCnciationof the Human Resource Director and DepartmentHead and suspend an employee in the FireDepartment for two shift days. All the aldermenpresent voting aye, Mayor Patterson clt-clared themotion carried.It was moved by Alderman Williams, sec(,ndcd In­Alderman Bailey to adjourn the meelilll! sine-die.All the aldermen present v'oting aye. ~Ia\('rPatterson declared the motion carried.IGeorge G. Patterson, Mayo rII

,239MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0226no Ice 0 pecla ee mg, eMayor and Board of Aldennen of the City ofOxford did meet at 5:00 p.m. on Tuesday, August21,2012 in the court room of City Hall when andwhere the following were present:IGeorge G. Patterson- MayorNey Williams- Aldennan Ward IE.O. Oliver- Aldennan Ward IIJanice Antonow- Alderman Ward IIIUlysses Howell- Aldennan Ward IVPreston Taylor- Alderman Ward VJason Bailey - Alderman Ward VIJohn Morgan- Alderman At LargeLisa Carwyle - City ClerkBart Robinson- Chief Operations OfficerAl Hope- Director of Human ResourcesIAGENDA:BUDGET:AVENT PARK:ADJOURN:It was moved by Aldennan Williams, seconded byAldennan Antonow to adopt the agenda for themeeting. All the aldennen present voting aye,Mayor Patterson declared the motion carried.The Board of Aldennen discussed various itemsproposed in the 2013 Budget. The board discussedthe take vehicle policy request from PoliceDepartment, various salaries and money for ADAcoordinator.It was moved by aldennan Williams, seconded byAldennan Bailey to accept grant for Avent Parkstonn water control project. All the aldermenpresent voting aye, Mayor Patterson declared themotion carried.It was moved by Aldennan Williams, seconded byAldennan Antonow to adjourn the meeting sine-die.All the aldennen present voting aye, MayorPatterson declared the motion carried.George G. Patterson, MayorLisa Carwyle, City ClerkI

240 1MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-226iUNITED STATES OF AMERICASTATE OF MISSISSIPPICOUNTY OF LAFAYETTECITY OF OXFORDIREGULAR MEETINGAugust 21, 20126:00 p.m.CALL TO ORDER:The meeting of the Mayor and Board of Aldermenof the City of Oxford, Mississippi, was called toorder by Mayor Patterson at 6:00 p.m. on Tuesday,August 21. 2012, in the court room of City Hallwhen and where the following were present:George G. Patterson - MayorNey Williams- Alderman Ward IE.O. Oliver- Aldennan Ward IIJanice Antonow- Alderman Ward IIIUlysses Howell- Alderman Ward IVPreston Taylor- Alderman Ward VJason Bailey- Alderman Ward VIJohn Morgan- Alderman at LargeMayo Mallette PLLC - Of CounselBart Robinson- Director of Public WorksLisa Carwyle- City ClerkTim Akers - Dir of PlanningRob Neely - Supt. of Electric Dept.Mike Martin- Chief Oxford Police DeptCary Sallis- Chief of Fire DeptEddie Anderson- Dir. of SanitationAI Hope- Dir of Human ResourcesRob Boyd- Dir of Parks & RecJimmy Allgood- Emergency Mang. DirectorRandy Barber- Director of BuildingIAGENDA:It was moved by Alderman Williams, seconded byAlderman Howell to adopt the agenda for themeeting. All the aldermen present voting aye,Mayor Patterson declared the motion carried.MAYOR'S REPORT:I

241Evening:MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0226II. IFirst we want to welcome back the many returning students and 3500new freshmen. You know if you've been to Kroger or Wal-Mart lately.That said this is a unique town, with a unique and beautiful Universityand we are proud of that relationship. I think I speak for the vastmajority of Oxford residents when I say" Hatty Toddy".The State Health Department has written every Mayor In the Stateregarding the West Nile Virus. They are really upping the ante andtrying to raise awareness. Jimmy Allgood will brief us more fully In afew minutes.IWe finished with the budget process just a little while ago. Again, Iwant to thank this Board for attending repeated special meetings andenduring hours of my number crunching. This community isrepresented well by this Board of Aldermen and the City departmentheads. We have apparently made it through the most treacherousfinancial times in nearly 100 years without raising taxes, or laying off asingle city employee.Now that we are finished with the budget, our focus will shift fully toparking and resolutions to those many problems - hopefully in the nearfuture.I was happy to attend the new faculty lunch on campus last week towelcome 83 new faculty members to our community to go along withour 3500 new freshmen.And with that we are off .............I

2422IMINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-226IMINUTES:ACCOUNTS:BAPTIST MEMORIALHOSPITAL:RESOLUTION:It was moved by Alderman Antonow, seconded byAlderman Howell to adopt the minutes of theregular meeting on August 7, 2012 and the specialmeetings on August 7 and 14, 2012. All thealdennen present voting aye, Mayor Pattersondeclared the motion carried.It was moved by Alderman Morgan, seconded byAldennan Williams to approve the payment of allaccounts for the City. All the aldermen presentvoting aye, Mayor Patterson declared the motioncarried.Jim Ainsworth announced he was appointed as thenew interim CEO of Baptist Memorial Hospital­North Mississippi. He will remain the position untila new CEO can be recruited.It was moved by Alderman Antonow, seconded byAlderman Taylor to adopt the following no protestresolution to the $5,500,000.00 in GeneralObligation Bonds. All the aldermen voting aye,Mayor Patterson declared the motion carried.III

..,I~243There caM ImJT£i~QQ ~ NQer~eCtIt¥e Q fenQl

u..••. ~lNM1~244~Qg~iM~o~~ao~JlYregIEJ;?~~9J~~OJ ~$tleo~lbJmemResolution"), declaring its intention to issue general obligation bonds of the City (the "Bonds")in the aggregate principal amount of not to exceed Five Million Five Hundred Thousand Dollar$($5,500,000) in accordance with the Act to raise money for the purposes of (a) erectingmunicipal buildings and athletic stadiums, preparing and equipping athletic fields, andpurchasing buildings or land therefor, and for repairing, improving, adorning and equipping thesame, (b) constructing, improving or paving streets, sidewalks, driveways, parkways, walkwaysor public parking facilities, and purchasing land therefor, (c) purchasing land for parks andpublic playgrounds, and improving, equipping and adorning the same, including thconstructing, repairing and equipping of recreational facilities, and (d) purchasing fire-fightinequipment and apparatus, providing housing for same and purchasing land therefor (th"Project"); andIIWHEREAS, the assessed value of all taxable property within the City, according to thlast completed assessment for taxation, is Two Hundred Seventy-Seven Million Two HundreThree Thousand Forty-Two Dollars ($277,203,042), and the City has outstanding bondeindebtedness as subject to the fifteen percent (15%) debt limit prescribed by Section 21-33-303,Mississippi Code of 1972, as anlended, in the amount of Nineteen Million One Hundred Fifty~One Thousand Dollars ($19,151,000), and outstanding bonded and floating indebtedness a~subject to the twenty percent (20%) debt limit prescribed by Section 21-33-303, MississiPP1'Code of 1972, as amended (which amount includes the sum set forth above subject to the fiftee .percent (15%) debt limit), in the amount of Nineteen Million One Hundred Fifty-One ThousanDollars ($19,151,000); and i,WHEREAS, the issuance of the Bonds pursuant to the Act, when added to thloutstanding bonded indebtedness of the City, will not result in bonded indebtedness, exclusive 01indebtedness not subject to the aforesaid fifteen percent (15%) debt limit, of more than fifteeJpercent (15%) of the assessed value of all taxable property within the City, and will not result irtindebtedness, both bonded and floating, exclusive of indebtedness not subject to the aforesaidtwenty percent (20%) debt limit, in excess of twenty percent (20%) of the assessed value of alltaxable property within the City, and will not exceed any constitutional or statutory limitationupon indebtedness which may be incurred by the City; andIWHEREAS, as required by the Intent Resolution and Section 21-33-307 of the Act, '1Notice of Resolution Evidencing Intent to Issue General Obligation Bonds of the City of Oxford;Mississippi (the "Notice of Resolution") was published in The Oxford Eagle, a newspapepublished in and having a general circulation in the City and qualified under the provisions o·Section 13-3-31, Mississippi Code of 1972, as amended, on July 26 and August 2, 9, and 162012, said publication being for at least three (3) consecutive weeks, with the first publication 0the Notice of Resolution being made not less than twenty-one (21) days prior to August 21,2012, and the last publication being made not more than seven (7) days prior to such date; andWHEREAS a proof of publication of the Notice of Resolution is attachedExhibit A; and2hereto a~I:II.... I

245Bonds with the Clerk of the City (the "Clerk") or any member of the Governing Body; andIWHEREAS, at the hour of 6:00 p.m. on August 21,2012, at the usual meeting place ofthe Governing Body, in the Board Room, located in the City Hall located at 107 CourthouseSquare in the City, all persons present or represented by counselor otherwise were given theopportunity to be heard concerning the issuance of the Bonds and the purpose for which theBonds will be issued and no protest or objection of any kind or character against the issuance ofthe Bonds or the purpose for which the Bonds will be issued was presented; andWHEREAS, the Governing Body is now authorized and empowered by the provisions ofthe Act to issue the Bonds without an election on the question thereof and is authorized to issuethe Bonds registered as to principal and interest in the form and manner provided for by the Actand Sections 31-21-1 through 31-21-7, Mississippi Code of 1972, as amended; andWHEREAS, the Governing Body is further authorized by the Act to, among otherthings, sell the Bonds at a public sale (which sale shall be on such terms and in such manner asthe Governing shall determine to be in the City's best interest) and to make such otherarrangements relating to the Bonds; andWHEREAS, the issuance of the Bonds does not exceed any statutory or constitutionallimitation; andWHEREAS, there are no other available funds on hand or from regular sources ofincome for such purposes; andWHEREAS, there has been prepared and submitted to this meeting the form of apreliminary official statement (the "Preliminary Official Statement") describing the Bonds, thesale of the Bonds, the City and other related matters; andIWHEREAS, it appears that the Preliminary Official Statement, which is now before theGoverning Body, is in appropriate form and is an appropriate document for the purposesidentified; andWHEREAS, it is necessary and advisable and in the best interest of the City for theGoverning Body, acting for and on behalf of the City, to issue the Bonds as hereinafter provided.NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND BOARD OFALDERMEN OF THE CITY OF OXFORD, MISSISSIPPI, ACTING FOR AND ONBEHALF OF SAID CITY, AS FOLLOWS:SECTION 1. Each and all of the facts and findings set forth in the premises clauses ofthis resolution are hereby found and determined to be true and accurate and are incorporatedherein by this reference thereto as though set forth again in words and figures.3I

246M~M~~ ~~li~oRibe~JXy Pnf aglFe~~qat, ~'1'eqf!mme~SectIOn 21-33-307 of the Act and the Intent Resolution, the Notice of Resolution was PUbliSh~'in The Oxford Eagle, a newspaper published in and having a general circulation in the City an~qualified under the provisions of Section 13-3-31, Mississippi Code of 1972, as amended, on'July 26 and August 2, 9, and 16, 2012, said publication being for at least three (3) consecutiveweeks, with the first publication of the Notice of Resolution being made not less than twenty-one(21) days prior to August 21, 2012, and the last publication being made not more than seven (7)days prior to such date.SECTION 3. The proof of publication of the Notice of Resolution is hereby accepted. JiSECTION 4. The Governing Body does further find and determine that as of the hour 0 ,6:00 p.m. on August 21, 2012, (a) no qualified elector of the City had filed a written protest orobjectiun uf any kind or character against the issuance of the Bonds with the City or any memberof the Governing Body, and (b) all persons present or represented by counselor otherwise weregiven the opportunity to be heard concerning the issuance of the Bonds and the purposes for I:vhich the Bonds will be issued and no prot~st or objection of any kind or character against thel'Issuance of the Bonds or the purposes for whIch they are to be Issued was presented.'SECTION 5. Pursuant to the provisions of the Act and specifically Section 21-33-307,the Governing Body is now authorized and empowered to issue the Bonds on behalf of the City Iwithout an election on the question of the issuance thereof at anytime within a period of two (2)years after the date of the adoption of this resolution.SECTION 6. The Governing Body does hereby determine that the sale and issuance 0~1Five Million Five Hundred Thousand Dollars ($5,500,000) General Obligation Bonds (Capital'Improvements Issue). Series 2012 of the City to raise money for the purpose of providing, ,financing for the Project and to pay the costs incident to the sale and issuance of the Bonds is'necessary and advisable and conforms to the Act and does hereby authorize and direct the saleand issuance of the Bonds.SECTION 7. The Bonds will be general obligations of the City payable as to principal;and interest out of and secured by an irrevocable pledge of the avails of a direct and continuing:,tax to be levied annually without limitation as to time, rate or amount upon all the taxable'property within the geographical limits of the City.1SECTION 8. The Bonds shall be registered as to both principal and interest; shall bedated September I, 2012; shall be issued in the denomination of $5,000 each, or integral 'Imultiples thereof up to the amount of a single maturity; shall be numbered from one upward inthe order of issuance; shall bear interest from the date thereof at a rate or rates of interest not to,1exceed eleven percent (11%) per annum, payable semiannually on March I and September I 0~1each year (each an "Interest Payment Date"), commencing September 1,2013; and shall matureland become due and payable, with option of prior payment, on September I in the years andprincipal amounts as follows:II4I

247lIYear20132014201520162017201820192020MINUTE No. 63, CITY OF OXFORODEMENT-MERIDIAN 61-0226Amouut$305,000315,000320,000330,000340,000345,000355,000365,000Year2021202220232024202520262027Amount$375,000385,000395,000400,000410,000425,000435,000SECTION 9. The Bonds maturing September I, 2021 and thereafter will be subject toredemption prior to their respective maturities, at the option of the City, on and after SeptemberI, 2020, either in whole on any date, or in part on any interest payment date, as selected by theCity among maturities, and by lot within each maturity, at the principal amount thereof, togetherwith accrued interest to the date fixed for redemption and without premium.SECTION 10. The Bonds shall be offered for sale on sealed bids pursuant to the Noticeof Bond Sale set forth in Section II of this resolution and shall be sold pursuant to a subsequentresolution of the Governing Body. In no event shall the Bonds be issued at a rate of interest inexcess of that allowed under applicable law and the Bonds shall in all other respects comply withthe requirements of the Act.SECTION 11. The City shall offer the Bonds for sale subject to the provisions ofSection 19 hereof, the date, time and terms of sale to be as set forth in the "Notice of Bond Sale"relating to the Bonds, which Notice of Bond Sale and the "Official Bid Form" shall be insubstantially the following forms:NOTICE OF BOND SALEI$5,500,000CITY OF OXFORD, MISSISSIPPIGENERAL OBLIGATION BONDS(CAPITAL IMPROVEMENTS ISSUE),SERIES 2012NOTICE IS HEREBY GIVEN that the Mayor and Board of Aldermen (the "GoverningBody") of the City of Oxford, Mississippi (the "City") will receive sealed bids in the Office ofthe City Clerk in the City Hall of the City located at 107 Courthouse Square in the City until thehour of 4:00 p.m. on September __ ,2012, at which time said bids will be publicly opened bythe City Clerk and read for the purchase at not less than par plus accrued interest to the date ofdelivery of $5,500,000 aggregate principal amount City of Oxford, Mississippi GeneralObligation Bonds (Capital Improvements Issue), Series 2012 (the "Bonds").5I

'-.!248MIMYr~1 ~qgKn~ar ~~'e~!rrYSgtfmQ}f:,~QflRll beoOO~I!&~·1'. ~~~=dTe"'if-=m=Ol?tl-=v'c'e-rf~onn~ as fulfy registered Bonds, willbe in thedenominations of $5,000 or any integralmultiple thereof, will be payable as to principal at a bank or banks to be named by the City (the, "Paying and Transfer Agent") and will bear interest, payable semiannually on March I andSeptember I of each year, commencing on September I, 2013, at the rate or rates of interestspecified in the bid submitted by the successful bidder in accordance with this Notice of BondSale.Ihe Bonds will be issued in registered, book-entry-only form and all bidders for theBonds must be participants of Ihe Depository lrust Company, New York, New York ("DIC"),or affiliated with its participants. Ihe Bond certificates will be deposited with DIC. DIC willbe responsible for maintaining a book-entry system for recording the interests of its participantsand for the transfer of the interests among its participants. Ihe participants will be responsiblefor maintaining records regarding the beneficial ownership interests in the Bonds on behalf of theindividual purchasers. Individual purchases may be made in the principal amount of $5,000 orany multiple thereof through book entries made on the books and records of DIC and itsparticipants. Unless the book-entry-only system is discontinued, Bond principal and interestpayments will be made by the City to DIC through the Paying and Iransfer Agent. DIC willthen be responsible for distributing such payments to DIC participants for subsequent remittanceto the owners of beneficial interests in the Bonds. Payment of principal and interest on the'Bonds to DIC is the responsibility of the City, disbursement of such payments to DICparticipants shall be the responsibility of DIC, and disbursements of such payments to theowners of beneficial interests shall be the responsibility of DIC participants and not the Iresponsibility of the City. Ihe City will have no responsibility or obligation to DIC participants ior owners of beneficial interests in the Bonds, with respect to the payment by DIC or any DICparticipants, of the principal of or interest on the Bonds or the providing of notice to DICparticipants or owners of beneficial interests in the Bonds or with respect to: (a) the accuracy of Iany records maintained by DIC or any DIC participant; or (b) any consent given or other actiontaken by DIC as owner of the Bonds.Ihe Bonds will mature on September I in the years and in the principal amounts shownbelow:IIPrincipalPrincipalYear Amount Year Amount2013 $305,000 2021 $375,0002014 315,000 2022 385,0002015 320,000 2023 395,0002016 330,000 2024 400,0002017 340,000 2025 410,0002018 345,000 2026 425,0002019 355,000 2027 435,0002020 365,0006I

2491whole on any date, or in part on any interest payment date, as selected by the City amongmaturities, and by lot within each maturity, at the principal amount thereof, together withaccrued interest to the date fixed for redemption and without premium.IThe Bonds will be issued pursuant to the provisions of Sections 21-33-301 et seq.,Mississippi Code of 1972, as amended (the "Act") and resolutions adopted or to be adopted bythe Governing Body. The Bonds are being issued to raise money for the purpose of (a) erectingmunicipal buildings and athletic stadiums, preparing and equipping athletic fields, andpurchasing buildings or land therefor, and for repairing, improving, adorning and equipping thesame; (b) constructing, improving or paving streets, sidewalks, driveways, parkways, walkwaysor public parking facilities, and purchasing land therefor; (c) purchasing land for parks andpublic playgrounds, and improving, equipping and adorning the same, including theconstructing, repairing and equipping of recreational facilities; (d) purchasing fire-fightingequipment and apparatus, and providing housing for same and purchasing land therefor; and (e)paying the costs incident to the sale and issuance of the Bonds.The Bonds shall be general obligations of the City and the full faith, credit and taxingpower of the City shall be pledged to secure the payment of the principal of and interest on theBonds.IThe Bonds are to be sold at not less than $5,500,000 aggregate par plus interest on theBonds accrued to the date of delivery, and are to be awarded to the bidder complying with theterms hereof and offering to purchase all of the Bonds at the lowest net interest cost to the City.I The net interest cost will be determined by computing the aggregate interest on the Bonds overi the life of the issue at the rate or rates of interest specified by the bidder, less premium offered, if[I any. It is requested that each bid be accompanied by a statement of the net interest costI (computed to six decimal places), but such statement will not be considered a part of the bid. NoBond shall bear more than one (I) rate of interest; each Bond shall bear interest from its date toits stated maturity date at the interest rate specified in the bid; all Bonds of the same maturityshall bear the same rate of interest from their date to maturity; the lowest rate of interestspecified for any of the Bonds shall not be less than seventy percent (70%) of the highest rate ofinterest specitied for any of the Bonds; and the highest rate of interest specified for any of theBonds shall not exceed eleven percent (II%) per annum. Each interest rate specified in any bidmust be a multiple of one-eighth of one percent (1/8 of I %) or a multiple of one-tenth of onepercent (1/1 0 of 1%) and a zero rate of interest cannot be named.Bidders must acknowledge in their respective bids that they have received and reviewedthe City'S preliminary official statement in connection with the issuance of the Bonds (the"Preliminary Official Statement"). The City deems the Preliminary Official Statement to be"final" as described in SEC Rule 15c2-12(b)(I) for the purposes of such Rule. Upon award ofthe Bonds to the successful bidder, the City will prepare a final official statement in connectionwith the Bonds (the "Official Statement") in substantially the form of the Preliminary OfficialStatement, subject to minor amendments and supplementations. A reasonably sufficient number7I

250of OffiMii ~Y;r~s ij9Q t\~R

I~251,purposes of computing the alternative minimum tax imposed on corporations. Bond Counselwill express no other opinion regarding other federal tax consequences resulting from theownership, receipt or accrual of interest on or disposition of the Bonds. In addition, BondCounsel is further of the opinion that under and pursuant to the Act, the Bonds and interestthereon are exempt from all income taxes imposed by the State of Mississippi.IThe Governing Body on behalf of the City has designated the Bonds as "qualified taxexempt obligations" for purposes of Section 265(b)(3) of the Internal Revenue Code of 1986, asamended.The final approving opinion of Bond Counsel, relating to the validity and tax exemptionof the Bonds, together with a non-litigation certificate of the City dated the date of delivery ofthe Bonds, and a transcript of the proceedings relating to the Bonds will be delivered to thesuccessful bidder without charge. A copy of said approving opinion will be printed on the backof each Bond at the option of the successful bidder.It is anticipated that CUSIP identification numbers will be secured by the City andprinted on the Bonds, but neither the failure to secure or print such numbers on any Bond nor anyerror with respect thereto shall constitute cause for failure or refusal by the successful bidder toaccept delivery of and pay for the Bonds in accordance with its agreement to purchase theBonds. All expenses in relation to the printing of CUSIP numbers on the Bonds shall be paid forby the City; provided, however, that the CUSIP Service Bureau charge for the assignment of saidnumbers shall be paid for by the successful bidder.The successful bidder will be given at least seven (7) business days advanced notice ofthe proposed date of delivery of the Bonds when that date has been tentatively determined. It isexpected that the Bonds will be delivered in New York, New York and payment therefor shall bemade in federal or other immediately available funds.IThe successful bidder is required to submit to the City not less than seventy-two (72)hours prior to closing a certification to the effect that (a) all of the Bonds have been the subjectof a bona fide initial offering to the public (excluding bond houses, brokers or similar persons ororganizations acting in the capacity of underwriters or wholesalers) at prices no higher than thoseshown on the cover of the Official Statement, (b) to the best of their knowledge, and based ontheir records and other information available to use which they believe to be correct, at least tenpercent (10%) of each maturity of the Bonds, aggregating at least $550,000 principal amount ofthe Bonds, were sold to the public (excluding bond houses, brokers or similar persons orI organizations acting in the capacity of underwriters or wholesalers) at initial offering prices notIgreater than the respective prices shown on the cover of the Official Statement, and (c) at thetime they agreed to purchase the Bonds, based upon their assessment of the then prevailingmarket conditions, they had no reason to believe any of the Bonds would be initially sold to thepublic (excluding bond houses, brokers or similar persons acting in the capacity of underwritersor wholesalers) at prices greater than the prices shown on the cover of the Official Statement,9I

252includA'4'~r~cJ;lQDK MQr,.~~IJ7fthQfcQMQ~Rfferg,~ndB'~f6ther~~~~~s"'am"'" ""e~maturTIy at one pnce to the general public and at a discount from that price to institution,or other investors, the successful bidder is required to, in addition, provide the City with the sal.price of each of the Bonds on the basis of actual facts and its reasonable expectations as of th .closing date.The successful bidder shall have the right, at its option, to cancel its agreement topurchase the Bonds if the Bonds to be delivered by the City in accordance with the precedinparagraph are not tendered for delivery within sixty (60) days from the date of sale thereof, anin such event the City shall return to said bidder its good faith deposit without interest. The Citshall have the right, at its option, to cancel its agreement to sell the Bonds if within five (5) day,after the tender of the Bonds for delivery the successful bidder shall not have accepted deliverof and paid for the Bonds, and in such event the City shall retain the successful bidder's goodfaith deposit as liquidated damages.I,Further infonnation may be obtained from Lisa Carwyle, City Clerk, City of Oxford, I O~Courthouse Square, Oxford, Mississippi 38655, telephone: (662) 232-2312 and the City'~financial advisor, Government Consultants, Inc., 1830 Crane Ridge Drive, Jackson, MississippI39216, telephone: (601) 982 0005, attention: Mr. Demery Grubbs.DATED: August 21,2012CITY OF OXFORD, MISSISSIPPIBy IslLisa CarwyleCity ClerkI10I

,MINUTE BCM*::NDB63'pfi>hTY OF OXFORDDEMENH~ERIDIAN25361·0226--~-$5,500,000CITY OF OXFORD, MISSISSIPPIGENERAL OBLIGATION BONDS(CAPITAL IMPROVEMENTS ISSUE),SERIES 2012IMayor and Board of AldermenCity of Oxford107 Courthouse SquareOxford, Mississippi 38655Ladies and Gentlemen:September_,2012For Five Million Five Hundred Thousand Dollars ($5,500,000) aggregate principalamount City of Oxford, Mississippi General Obligation Bonds (Capital Improvements Issue),Series 2012 (the "Bonds") of the City of Oxford, Mississippi (the "City"), bearing interest at therate or rates specified below, we will pay you the aggregate par value thereof plus a premium of$ and plus accrued interest to the date of delivery of the Bonds to us. The Bondswill be dated and bear interest from September I, 2012 and will mature on September I in theyears set forth in the Notice of Bond Sale, dated August 21, 2012, in connection with the Bonds(the "Notice of Bond Sale").The Bonds maturing on September 1 in the years indicated shall bear interest at the ratesset opposite each, as follows:IPrincipal Interest Rate! Principal Interest Rate!Year Amount Coupon Year Amount Coupon2013 $305,000 2021 $375,0002014 315,000 2022 385,0002015 320,000 2023 395,0002016 330,000 2024 400,0002017 340,000 2025 410,0002018 345,000 2026 425,0002019 355,000 2027 435,0002020 365,00011I

254F~~~r~a~ie::-· 7:( c::::a;:lc~u·TafeQinMltAijJ~ iI3aQcQ---,~qtJA~'ng,;rYesPcft Q~fvS?

,255Oxford, Mississippi in the Office of the City Clerk in the City Hall located at 107 CourthouseSquare, Oxford, Mississippi 38655 attention: Lisa Carwyle, City Clerk, sealed and worded on theoutside, in substance, "Bid for City of Oxford, Mississippi Capital Improvements Issue, Series2012", before 4:00 o'clock p.m., Mississippi time, on September _,2012. No interest will beallowed the bidder on the good faith deposit which accompanies this bid.)IACCEPTANCEThe above bid accepted by the Mayor and Board of Aldermen of the City of Oxford,Mississippi, this __ day of September, 2012, and receipt of the within mentioned check ishereby acknowledged.CITY OF OXFORD, MISSISSIPPIBy~ ____________________ _MayorAttest:City ClerkI Return of the good faith check is hereby acknowledged.: By _____________ _I ITitle _____________ _Please list on an exhibit all members, if any, of your syndicate.SECTION 12. The Mayor of the City (the "Mayor" and together with the Clerk, the"Representatives") and Baker, Donelson, Bearman, Caldwell & Berkowitz, PC ("BondCounsel"), Mayo Mallette PLLC ("City Counsel") and Government Consultants, Inc. ("FinancialAdvisor") are hereby authorized and directed to carry out their respective responsibilities as setforth in this resolution.SECTION 13. The Representatives are hereby authorized and directed (a) to take suchactions and do such things as they shall deem appropriate and lawful to expedite the sale andissuance of the Bonds, (b) to authorize Bond Counsel, City Counsel and Financial Advisor totake such actions and do such things the Representatives shall deem appropriate and lawful toexpedite the sale of the Bonds, and (c) to take such actions and do such things as theRepresentatives shall deem appropriate to comply with the applicable requirements of the Act.13I

256MlNMJ~. ijQ~nAs fiabyG!IXzQ~A~ftgePause t~'Nm~.~ond Sale to be published at least two (2) times. the first of which shall not. be less than ten (10)1days prior to the date of the sale of the Bonds, in The Oxford Eagle, Oxford, Mississippi, anewspaper published in and having a general circulation in the City.ISECTION 15. The Clerk shall obtain from the publisher of the aforesaid newspaper thelcustomary publisher'S affidavit proving publication of said Notice of Bond Sale for the time andin the manner required by law, and such proof of publication shall be filed in the Clerk's officeland exhibited before the Governing Body on the date fixed for the receipt of bids for thepurchase of the Bonds.SECTION 16. Pursuant to SEC Rule ISc2-12(b)(S), the City covenants and agrees tOIprovide to the original purchaser of the Bonds a continuing disclosure agreement, dated the date,of issuance and delivery of the Bonds, setting forth the City's agreement with regard tocontinuing disclosure (the "Continuing Disclosure Agreement"), and to comply with thecovenants set forth therein and carry out all of the provisions of the Continuing DisclosureAgreement. In the event the City fails to comply with the provisions of the ContinuingDisclosure Agreement, any registered owner may take such actions as may be necessary andappropriate, including mandamus or specific performance by court order, to cause the City tOIcomply with its obligations set forth in the Continuing Disclosure Agreement and this Section.SECTION 17. The form of the Preliminary Official Statement in the form submitted tothis meeting and attached to this resolution as Exhibit B and made a part hereof as though setforth in full herein, shall be, and the same hereby is, approved in substantially said form. TheRepresentatives are hereby authorized and directed to make all final determinations necessary toprepare the Preliminary Official Statement for distribution and to distribute and furnish toprospective bidders for the Bonds, and to other interested persons, the Preliminary Official,Statement and such other materials and information convenient to the public advertising of the Isale and the sale of the Bonds and, to the successful bidder for the Bonds, a final OfficialStatement relating to the Bonds. The City deems the Preliminary Official Statement to be "final",as described in SEC Rule ISc2 12(b)(I) for the purposes of such Rule.'SECTION 18. The Bonds may be submitted to validation as provided by Section:31-13-1 et seq., Mississippi Code of 1972, and to that end the Clerk is hereby directed to prepare!a transcript of all legal papers and proceedings relating to the Bonds and to certify and forwardthe same to the State's Bond Attorney for the institution of validation proceedings.IISECTION 19. The Mayor, upon the advice of the Financial Advisor and Bond Counsel, Iis hereby authorized and directed to make all final determinations necessary to prepare (a) theNotice of Bond Sale for pUblication, including the date of sale, the dated date of the Bonds, thelmaturity schedule relating to the Bonds, the redemption terms of the Bonds and any other terms Ithereof, and (b) the Official Bid Form; provided, however, that such determinations shall besubject to ratification by the Governing Body.I14I

.,257SECTIOMiNU'1IioJi00Ks Mo ~eClT¥e QFveQlfTQ~D he~£l;>;XMERIDIAN61"26an 0 execute all such -"documents as may be necessary to carry out and comply with the provisions of this resolutionand are further authorized to take any and all further actions and execute and deliver any and allother documents and certificates as may be necessary or desirable in connection with theissuance of the Bonds, the Preliminary Official Statement, a final Official Statement or otherdocuments necessary to conclude the sale and issuance of the Bonds and to document the City'scompliance with the Act and the Internal Revenue Code of 1986, as amended (the "Code").ISECTION 21. The Governing Body hereby designates the Bonds as "qualified taxexempt obligations" for purposes of Section 265(b)(3) of the Code. The City (including anysubordinate entity or entities issuing tax exempt obligations on behalf of the City within themeaning of Section 265(b)(3) of the Code) has not issued, and does not reasonably expect toissue, tax exempt obligations within calendar year 2012 which, together with the Bonds, willexceed $10,000,000SECTION 22. The Mayor is hereby authorized and directed to approve all costs ofissuance in regard to the Bonds prior to the closing of the Bond; provided, however, that suchdetermination shall be made subject to ratification by the Governing Body.SECTION 23. All acts and doings of the officers and members of the Governing Bodywhich are in conformity with the purposes and intents of this resolution and in furtherance of thesale and issuance of the Bonds, shall be, and the same hereby are, in all respects approved andconfirmed.SECTION 24. The Bonds shall be sold and issued pursuant to this and subsequent! resolutions of the Governing Body.SECTION 25. All resolutions or parts thereof in conflict herewith, to the extent of suchconflict only, are hereby repealed.ISECTION 26. This resolution shall become effective immediately upon the adoptionhereof.SECTION 27. If anyone or more of the provisions of this resolution shall for anyreason be held to be illegal or invalid, such illegality or invalidity shall not affect any of the otherprovisions of this resolution, but this resolution shall be construed and enforced as if such illegalor invalid provision or provisions had not been contained herein.Alderman _Taylor __ seconded the motion to adopt the foregoing resolution, and thequestion being put to a roll call vote, the result was as follows:Alderman Ney Williams voted:Alderman E.O. Oliver voted:Alderwoman Janice Antonow voted:Alderman Ulysses Howell voted:15AYEAYEAYEAYEI

258AYEAYEDEMENT-MERIDIAN 61-226The motion having received the affirmative vote of a majority of the members of theGoverning Body present, being a quorum of said Governing Body, the Mayor declared themotion carried and the resolution adopted this 21 sl day of August, 2012.1122996II16I

259MINUTE BOOKEtbni3, CITY OF OXFORDDEMENT-MERIDIAN 61-0226PROOF OF PUBLICATIONIII

PROOF OF PUBLICATIONOF OXFORDPRINTER'S FEEE$ENW0;~2isTHE STATE OF MISSISSIPPII'LAFAYETTE COUNTYPersonally appeared before me, afnotaryIpublic in and for said county and I. tate,undersignedTim Phillips'Who, after being duly sworn, deposes andsays that he is the Co,Publisher of the OxfordEagle, a newspaper published daily in the Cityof Oxford, In said coullty and Stat~, and thatthe said newspaper has been published formore than one year and that NOil c C­O+'- R.eS€) i

261MINUTE BOOKEMoB63l, CITY OF OXFORDDEMENT-MERIDIAN 61-0226PRELIMINARY OFFICIAL STATEMENTIII

PRELIMINARY OFFICIAL STATEMENTDated August _, 2012DEMENT-MERIDIAN 61-226In the opinion of Baker, Donelson, Bearman, Caldwell & Berkowitz, PC, Jackson, Mississippi, Bond Counsel, assumingcompliance by the City of Oxford, Mississippi with certain tax covenants, under existing statutes, regulations, rulings and court ¢leeisians.interest on the Bonds (as hereinafter defined) is excluded from gross income for federal income tax purposes. However'fe "TAXEXEMPTION" for a description of the alternative minimum tax on corporations and certain other federal tax cons. equences of wnershipof the Bonds. Bond Counsel is further of the opinion that under and pursuant to the Act (as hereinafter defined). the Bonds a d interestthereon are exempt from af{ income taxes imposed by the State of Mississippi.$5,500,000CITY OF OXFORD, MISSISSIPPI .GENERAL OBLIGATION BONDS(CAPITAL IMPROVEMENTS ISSUE),SERIES 2012IDated: September 1, 2012Due: September 1, as shownl belowInterest on the City of Oxford. Mississippi General Obligation Bonds (Capital Improvements Issue). se~es 2012(the 'Hands") will be payable semiannually on March 1 and September 1 of each year. commencing Septembe 1, 2013.The Bonds are being issued to raise money for the purpose of (a) erecting municipal buildings and athletic . adiums,preparing and equipping athletic fields, and purchasing buildings or land therefor. and for repairing, improving.jadorningand equipping the same; (b) constructing, improving or paving streets, sidewalks, driveways, parkways, wal~ways orpublic parking facilities. and purchasing land therefor; (c) purchasing land for parks and public playgrounds. andimproving, equipping and adorning the same, including the constructing, repairing and equipping of recreational acilities;(d) purchasing fire-fighting equipment and apparatus. and providing housing for same and purchasing land the for; and(e) paying the costs incident to the sale and issuance of the Bonds. The Mayor and the Board of Aldermen of th' City willdesignate a bank or banks to serve as paying agent, transfer agent and registrar of the Bonds (the "Paying and TransferAgent"). The Bonds will be issued as fully registered bonds in denominations of $5,000 or any integral multipl thereofand registered in the name of Cede & Co., as nominee of The Depository Trust Company CDTC"). New York, ew York,which will act as securities depository for the Bonds under a book-entry-only system, as described herein. So lo~g as theBonds are held in book-entry form, beneficial owners of Bonds will not receive physical delivery of bond certificates.The principal of, and interest on, the Bonds will be payable by the Paying and Transfer Agent to DTC, which willin turn remit such principal and interest to its Direct Participants (as defined herein) and Indirect Participants (a~ definedherein), which will in turn remit such principal, and interest to the beneficial owners of the Bonds. If the date for paymentIS not a business day then the payment shall be made on the next succeeding busIness day with the same frrce andeffect as If made on the payment date See "DESCRIPTION OF THE BONDS - BOOk-Entry Only System" herein!MATURITY SCHEDULEIPrincipal Interest Price or Principal Interest Price orYear Amount Rate Yield CUSIPS Year Amount Rate Yield C SIPS20132014201520162017201820192020$305.000 2021 $375.000315.000 2022 385,000320.000 2023 395,000330.000 2024 400,000340.000 2025 410,000345000 2026 425,000355000 2027 435,000365000The Bonds are general obligations of the City and are secured by a pledge of the full faith, credit a~d taxingpower of the City.The Bonds are being offered as "qualified tax exempt obligations" within the meaning of Section 265(b)(3) of theInternal Revenue Code of 1986, as amended.IThe Bonds will be subject to redemption prior to maturity and without premium. at the option of thd City, asprovided herein. 1The Bonds are offered subject to the final approving opinion of Baker, Donelson, Bearman, Caldwell &Berkowitz, PC, Jackson, Mississippi, Bond Counsel. It is expected that delivery of the Bonds in definitive fonin will bemade in New York, New York, on or about September __ ,2012.Dated: September __ .2012III

MINUTE BOOK No. 63, CITY OF OXFORDCITY OF OXFORD, MISSISSIPPI263DEMENT-MERIDIAN 61·02261IMAYOR AND BOARD OF ALDERMENIGeorge "Pat" Patterson, MayorNey Williams, AldermanE.O. Oliver, AldermanJanice Antonow, AlderwomanUlysses Howell, AldermanPreston E. Taylor, AldermanJason Bailey, AldermanJohn Morgan, AldermanCITY CLERKLisa CarwyleGENERAL COUNSELMayo Mallette PLLCOxford, MississippiIFINANCIAL ADVISORGovernment Consultants, Inc.Jackson, MississippiBOND COUNSELBaker, Donelson, Bearman, Caldwell & Berkowitz, PCJackson, MississippiI

264OFFICIAL STATEMENT SUMMARYMINUTE BOOK No. 6~CJTR~GOF OXFORDDEMENT·MERIDIAN 61-226~~~~~ ..$5,500,000CITY OF OXFORD, MISSISSIPPIGENERAL OBLIGATION BONDS(CAPITAL IMPROVEMENTS ISSUE),SERIES 2012The Issuer..Issue and Date ,..Authorily"Use of Proceeds ..Amounts and Maturities ..Interest Payment Dates.Redemption Provisions ..Security for PaymentTax Exemption.Disclosure Certificates ...Cily of Oxford, Mississippi (the "Cily").$5,500,000 Cily of Oxford, Mississippi General Obligalion Bonds (CapilaImprovemenls Issue), Series 2012, daled Seplember 1, 2012 (Ih"Bonds"),Seclions 21-33-301 ef seq., Mississippi Code of 1972, as amended (Ih"Acn·The Bonds are being issued 10 raise money for Ihe purpose of (a) ereelinmunicipal buildings and athletic stadiums, preparing and equipping athletiq::fields, and purchasing buildings or land therefor, and for repairing 1improving, adorning and equipping the same; (b) constructing, improVinJor paving streets, sidewalks, driveways, parkways, walkways or publiparking facililies, and purchasing land therefor; (c) purchasing land fa,parks and public playgrounds, and improving, equipping and adorning thsame, including the constructing, repairing and equipping of recreationalfacilities; (d) purchasing fire-fighting equipment and apparatus, andproviding housing for same and purchasing land therefor; and (e) payin~the costs incident to the sale and issuance of the Bonds (seel"DESCRIPTION OF THE PROJECT" herein).jThe Bonds will mature on September 1 in the years and amounts as s~forth on the cover page hereof.IMarch 1 and September 1 of each year, commencing September 1, 2013.The Bonds will be subject to redemption prior to maturity and withoutpremium, at the option of the City, as provided herein (se,"DESCRIPTION OF THE BONDS - Redemption Provisions" herein).Pursuant to the Act, the Bonds shall be general obligations of the City an!secured by the full faith, credit and taxing power of the City (se"DESCRIPTION OF THE BONDS - Security" herein).In the opinion of Bond Counsel, assuming compliance by the City witcertain tax covenants, under existing statutes, regulations, rulings andcourt decisions, interest on the Bonds is excluded from gross income fOlfederal income tax purposes. However, see "TAX EXEMPTION" here~.,for a description of the alternative minimum tax on individuals ancorporations and certain other federal tax consequences of ownershipthe Bonds. Bond Counsel is further of the opinion that under anpursuant to the Act, the Bonds and interest thereon are exempt from ailincome taxes imposed by the State of Mississippi.The original purchaser of the Bonds, concurrently with the delivery of th~.Bonds, shall receive a certificate signed by certain officials of the Citregarding the adequacy of disclosure contained in this Official Stateme(see "DOCUMENTS ACCOMPANYING DELIVERY OF THE BONDS'herein).IIThe above information is qualified in its entirety by the detailed information and financial information appearingelsewhere in this Official Statement, including the Appendices.II

265MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61·0226~.. II[THIS PAGE INTENTIONALLY LEFT BLANK]II

266IMlMUT&oBQQKe~Q3, C1JY pQf'n QXfeOBQrizeltcQ~t~lcCity~fOxfont,-Mississippitthe "City") to give c1ny mfOililaliol1 ailo make any representations other-tha-~those contained herein and, if given or made, such other information or representation must ndtbe relied upon as having been authorized by the City. This Official Statement does not constitutean offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Bonds by a~person in any jurisdiction in which it is unlawful for such person to make such an offe ,solicitation or sale. The information and expressions of opinion herein are subject to changwithout notice, and neither the delivery of this Official Statement nor any sale made hereund rshall, under any circumstances, create any implication that there has been no change in thaffairs of the City since the date hereof.TABLE OF CONTENTSpag~IINTRODUCTION ... ... 1DESCRIPTION OF THE BONDS ..General ..Security ..Redemption Provisions.Defeasance of Bonds ..Registration ..Book-Entry-Only System ..Additional Information ..DESCRIPTION OF THE PROJECT ..THE CITY.General Description ...Population ..Government.. ..Transportation.Educational Facilities ..Medical Facilities.Communication Services ..Municipal Services .. .Per Capita Income .. .Retail Sales and Sales Tax Collected for the City ..Major Employers ..County Unemployment Statistics ..County Employment Statistics ..Banking Institutions in the City ..City Building Permits.TAX INFORMATION.Description of City Taxes.Assessed Valuation For Fiscal Years Ending September 30 .Tax Levy Per $1,000 Valuation. .. .......... ..Ad Valorem Tax Collections ..2010 Ten Largest Taxpayers.. ........ 7. ·······················iil. ......... 9. ........ 9........ 1........ 1r........ 1 ,........ 11. ....... 11. ....... 1~. ....... 1 ~. ....... 113IDEBT INFORMATION ..City Debt Limitations ..Legal Debt Limit Statement..Outstanding General Obligation Bonded Debt........................................... .........•.•••.••..••.••••••••13~!I

267Annual DMrNUEJ1EqB66K No. 63, CITYOFOXFORD ........... 14DEME . ERIDIAN 61-0225Other Long Term Debt............. ....... ......... ........... ....................................... 15Outstanding Revenue Bonds ..................................................................................................... 15LITIGATION ............................ . . ....................................................... 15FINANCIAL ADVISOR.. ................................... .. . .............................................................. 15RATING .............................................................................. 16IRECORD OF NO DEFAULT ........................................................................ 16NO BOND PROCEEDS FOR CURRENT OPERATING EXPENSES ............... .............. ... ..•..... 16PENSION PLANS .......................................................................... 16REAPPRAISAL OF PROPERTY AND LIMITATIONS ON AD VALOREM LEVIES..........16HOMESTEAD EXEMPTION ....................................................................................................... 17PURCHASER ...............•.... ..... •........... .... . ............................................ 17VALIDATION ............................................................................................... . . ....................................... 17APPROVAL OF LEGAL PROCEEDINGS...................... .........•... ......... 17CONTINUING DISCLOSURE ................................................................................................................ 17TAX EXEMPTION .................................................................................. 18DOCUMENTS ACCOMPANYING DELIVERY OF THE BONDS ...........18Absence of Litigation. ... ............ ... .......... ... ............ .......... ....... ..... 18Legal Matters .............................................................................................................................. 19Certificates ................................................................................................................................... 19MISCELLANEOUS ..... ..... .... ... ... ......... ........... ....... •. .................................. 19IAPPENDIX AAPPENDIX BAPPENDIX CAPPENDIX 0Notice of Bond SaleFiscal Year __ Audited Financial Statement,Fiscal Year 20_-20_ Budget and Fiscal Year 20_-20_ BudgetForm of Bond Counsel OpinionForm of Continuing Disclosure AgreementiiI

268DEMENT-MERIDIAN 61·226$5,500,000CITY OF OXFORD, MISSISSIPPIGENERAL OBLIGATION BONDS(CAPITAL IMPROVEMENTS ISSUE), SERIES 2012INTRODUCTIONSeptember_, 2011IThe purpose of this Official Statement, which includes the cover page and Appendices hereto, isto set forth certain information concerning the City of Oxford, MisSissipp' (the "City") and the City's$5,500,000 General Obligation Bonds (Capital Improvements Issue), Series 2012 (the "Bonds").Reference is made to the Act (as hereinafter defined), the Resolution (as hereinafter defined) andl'any and all modifications and amendments thereof for a description of the nature and extent of thJ.security of the Bonds, the pledge of tax revenues for the payment of the principal of and interest on th~Bonds, the nature and extent of said pledge and the terms and conditions under which the Bonds areissued.GeneralDESCRIPTION OF THE BONDSThe Bonds will be issued pursuant to the provisions of Sections 21-33-301 et seq., MississiPPICode of 1972, as amended (the "Act") and certain resolutions adopted by the Mayor and the Board ofAldermen (the "Governing Body") of the City (collectively, the "Resolution"). The Bonds are being issuedto raise money for the purpose of (a) erecting municipal buildings and athletic stadiums, preparing andequipping athletic fields, and purchasing buildings or land therefor, and for repairing, improving, adorningand equipping the same; (b) constructing, improving or paving streets, sidewalks, driveways, parkways, Iwalkways or public parking facilities, and purchasing land therefor; (c) purchasing land for parks ancjpublic playgrounds, and improving, equipping and adorning the same, including the constructing,1repairing and equipping of recreational facilities; (d) purchasing fire-fighting equipment and apparatus"and providing housing for same and purchasing land therefor; and (e) paying the costs incident to thesale and issuance of the Bonds (see "DESCRIPTION OF THE PROJECT" herein).iIIIIn order to issue the Bonds, the Governing Body adopted a resolution declaring its intention toissue the Bonds and gave notice of such intention by publication of said resolution in a newspaper haVinglgeneral circulation in the City. If ten percent, or 1,500, whichever had been less, of the qualified elector~.of the City had filed a written protest against the issuance of the Bonds on or before the date specified isaid resolution, an election on the question of the issuance of the Bonds would have been held. Augus21,2012 was set by the Governing Body as the date on or before which written protest was required thave been filed. No written or other protest having been received on or before said date, the GoverningBody is now authorized and empowered by the Act to issue the Bonds without the necessity of calling andholding an election on the question of the issuance thereof.'The Bonds will be general obligations of the City and the full faith, credit and taxing power of th111City shall be pledged as security for the payment of the principal of and the interest on the Bonds.The Bonds will initially be dated September 1, 2012, and will be issued as fully registered bond~in denominations of $5,000 or any integral multiple thereof, bearing interest at the rates per annum set,forth on the cover page hereof, payable semiannually on March 1 and September 1 of each year,I

.,269The Bonds will initially be held in a book-entry-only system administered by The Depository TrustCompany, New York, New York ("DTC"). Principal of and interest on the Bonds held in book-entry formshall be payable as described herein under the heading "DESCRIPTION OF THE BONDS - Book-Entry­Only System."IThe principal of and interest on, the Bonds will be payable by the Paying and Transfer Agent toDTC, which will in turn remit such principal and interest to its Direct PartiCipants (as hereinafter defined)and Indirect Participants (as hereinafter defined), which will in turn remit such principal and interest to thebeneficial owners of the Bonds. If the date for payment is not a business day, then the payment shall bemade on the next succeeding business day with the same force and effect as if made on the paymentdate.The Bonds will mature on September 1 in the years and in the amounts set forth on the coverpage hereof.SecurityThe Bonds will be general obligations of the City. The full faith, credit and taxing power of theCity are irrevocably pledged to secure the payment of the principal of and interest on the Bonds, whichare payable out of and secured by the avails of a direct and continuing tax to be levied annually withoutlimitation as to rate or amount upon the taxable property within the geographical limits of the City. TheCity will levy annually a special tax upon all taxable property within the geographical limits of the Cityadequate and sufficient to provide for the payment of prinCipal of and interest on the Bonds as the samefalls due.The qualified electors of the State of Mississippi (the "State") voted in a general election held onNovember 7, 1995, to amend the Mississippi Constitution of 1890 (the "Constitution") to add the followingnew Section 172A (the "Amendment"):SECTION 172A. Neither the Supreme Court nor any inferior court of this stateshall have the power to instruct or order the state or any political subdivision thereof, oran official of the state or any political subdivision, to levy or increase taxes.IThe Amendment does not affect the underlying obligation to pay the principal of and interest onthe Bonds as they mature and become due nor does it affect the obligation to levy a tax sufficient toaccomplish that purpose. However, even though it appears that the Amendment was not intended toaffect registered owners' remedies in the event of a payment default, it potentially prevents registeredowners from obtaining a writ of mandamus to compel the levying of taxes to pay the principal of andinterest on the Bonds in a court of the State. It is not certain whether the Amendment would affect theright of a federal court to direct the levy of a tax to satisfy a contractual obligation. Other effectiveremedies are available to the Bondholders in the event of a payment default with respect to the Bonds.Redemption ProvisionsThe Bonds maturing September 1, 2021 and thereafter will be subject to redemption prior to theirrespective maturities, at the option of the City, on and after September 1, 2020, either in whole on anydate, or in part on any interest payment date, as selected by the City among maturities, and by lot withineach maturity, at the principal amount thereof, together with accrued interest to the date fixed forredemption and without premium.Notice of each such redemption shall be mailed, postage prepaid, not less than 30 days prior tothe redemption date, to all registered Owners of the Bonds to be redeemed at their addresses as theyappear on the records of the Paying and Transfer Agent.2I

270DefeasMwu,tG BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-226Under the Resolution, Bonds for the payment of which sufficient moneys, or, to the extent'permitted by the laws of the State, (a) direct obligations of, or obligations the payment of the principal ofand interest on which are unconditionally guaranteed by, the United States of America ("GovernmenObligations"), or (b) certificates of deposit or municipal obligations fully secured by Governmen,Obligations, or (c) evidences of ownership of proportionate interests in future interest or principa:payments on Government Obligations held by a bank or trust company as custodian, under which th~owner of the investment is the real party in interest and has the right to proceed directly and individuall~against the obligor on the Government Obligations and which Government Obligations are not availableto satisfy any claim of the custodian or any person claiming through the custodian or to whom thecustodian may be obligated, or (d) municipal obligations, the payment of the principal of, interest andredemption premium, if any, on which are irrevocably secured by Government Obligations and which:Government Obligations are not subject to redemption prior to the date on which the proceeds Iattributable to the principal of such obligations are to be used and have been deposited in an escro~'account which is irrevocably pledged to the payment of the principal of and interest and redemptio Ipremium, if any, on such municipal obligations (all of which collectively, with Government Obligations:"Defeasance Securities"), shall have been deposited with an escrow agent appointed for such purpose :,which may be the Paying and Transfer Agent, all to the extent provided in the Resolution, shall bdeemed to have been paid, shall cease to be entitled to any lien, benefit or security under the Resolutionand shall no longer be deemed to be outstanding thereunder, and the registered owners shall have norights in respect thereof except to receive payment of the principal of and interest on such Bonds from thefunds held for that purpose. Defeasance Securities shall be considered sufficient under the Resolution i(said investments, with interest, mature and bear interest in such amounts and at such times as will assurE1sufficient cash to pay currently maturing interest and to pay prinCipal when due on such Bonds.iRegistratio nBonds Subject to the Book-Entry-Only System. For so long as DTC acts as securitie$depository for the Bonds, the registration and transfer of ownership interests in Bonds shall bEiaccomplished by book entries made by DTC and the Direct Participants and, where appropriate, theIndirect Participants (as such terms are hereinafter defined), as described herein under the heading"DESCRIPTION OF THE BONDS-Book-Entry-Only System,"Bonds Not Subject to Book-Entry-Only System. Should the Bonds no longer be held in book-'entry form, each Bond shall be thereafter evidenced by a bond certificate in fully registered form andtransferable only upon the registration records of the City maintained by the Paying and Transfer Agent,by the registered owner thereof or by his attorney, duly authorized in writing, upon surrender thereofitogether with a written instrument of transfer satisfactory to the Paying and Transfer Agent, duly execute;I.,by the registered owner or his duly authorized attorney. Upon the transfer of any Bond, the City shal iissue, in the name of the transferee, a new Bond or Bonds of the same interest rate and maturity of lik 'tenor and effect in any authorized denomination equal to the unpaid principal amount of the surrendereBond. ,IIIIIBonds, upon surrender thereof at the office of the Paying and Transfer Agent with a writteninstrument of transfer satisfactory to the Paying and Transfer Agent duly executed by the registered Iowner or his duly authorized attorney, may be exchanged for a prinCipal amount of Bonds of the sameinterest rate and maturity and of like tenor and effect in any authorized denomination equal to the unpaillprincipal amount of the surrendered Bonds. The Paying and Transfer Agent will not be required tregister the transfer of or exchange any Bond after the mailing of notice calling such Bond for redemptio 'has been given as provided in the Resolution, nor during the period of 15 days next preceding the givinof such notice of redemption.'Book-Entry-Only SystemThe City has determined that it will be beneficial to have the Bonds held by a central depositorysystem and to have transfers of the Bonds affected by book-entry on the books of DTC as such central3I

.,depository systeMINUT" 86 c 0 FdGXFOAme in bookent-onl form i~·Me [Jocamoliot of. .cf BeBWI#fR~D_IA~61:022~,Ownership interests in the Bonds (the "Beneficial Owners") will not receive certificates representing theirinterests In the Bonds purchased.The information provided under this caption has been provided by DTC. No representation ismade by the City, the Purchaser (as defined herein) or the Trustee as to the accuracy or adequacy ofsuch information, or as to the absence of material adverse changes in such information subsequent to thedate hereof.271IDTC will act as securities depository for the Bonds The Bonds will be initially Issued as fullyregisteredBonds registered in the name of Cede & Co. (DTC's partnership nominee) or such other nameas may be requested by the authorized representative of DTC. One fully-registered Bond certificate foreach maturity will be issued for the Bonds in the aggregate principal amount of each maturity and will bedeposited with DTC.DTC, the world's largest depository, is a limited-purpose trust company organized under the NewYork Banking Law, a "banking organization" within the meaning of the New York, Banking Law, a memberof the Federal Reserve System, a "clearing corporation" within the meaning of the New York UniformCommercial Code, and a "clearing agency" registered pursuant to the provisions of Section 17 A of theSecurities Exchange Act of 1934. DTC holds and provides asset serviCing for over 3.5 million issues ofU.S. and non-U.S. equity issues, corporate and municipal debt issues, and money market instrumentfrom over 100 countries that DTC's participants ("Direct Participants") deposit with DTC. DTC alsofacilitates the post-trade settlement among Direct Participants of sales and other securities transactions,in deposited securities through electronic computerized book-entry transfers and pledges between DirectParticipants' accounts. This eliminates the need for physical movement of securities certificates. DirectParticipants include both U.S. and non-U.S. securities brokers and dealers, banks, trust companies,clearing corporations and certain other organizations. DTC is a wholly-owned subsidiary of TheDepository Trust & Clearing Corporation ("DTCC"). DTCC is the holding company for DTC, NationalSecurities Clearing Corporation and Fixed Income Clearing Corporation, all of which are registeredclearing agencies. DTCC is owned by the users of its regulated subsidiaries. Access to the DTC systemis also available to others such as both U.S and non-U.S. securities brokers and dealers, banks, trustcompanies, and clearing corporations that clear through or maintain a custodial relationship with a DirectPartiCipant, either directly or indirectly ("Indirect Participants"). DTC has S&P's rating of AA+ The DTCRules applicable to its Participants are on file with the Securities and Exchange Commission. Moreinformation about DTC can be found at www.dtcc.com.IPurchases of Bonds under the DTC system must be made by or through Direct Participants,which will receive a credit for such Bonds on DTC's records. The ownership interest of each actualpurchaser of each Bond ("BenefiCial Owner") is in turn to be recorded on the Direct and IndirectParticipants' records. Beneficial Owners will not receive written confirmation from DTC of their purchase.Beneficial Owners are, however, expected to receive written confirmations providing details of thetransaction, as well as periodic statements of their holdings, from the Direct or Indirect Participant throughwhich the Beneficial Owner entered into the transaction. Transfers of ownership interests in the Bondsare to be accomplished by entries made on the books of Direct and Indirect PartiCipants acting on behalfof Beneficial Owners. Beneficial Owners will not receive certificates representing their ownershipinterests in Bonds, except in the event that use of the book-entry system for the Bonds is discontinued.To facilitate subsequent transfers, all Bonds deposited by Direct Participants with DTC areregistered in the name of DTC's partnership nominee, Cede & Co., or such other name as may berequested by an authorized representative of DTC. The deposit of Bonds with DTC and their registrationin the name of Cede & Co. or such other nominee do not effect any change in beneficial ownership. DTChas no knowledge of the actual Beneficial Owners of the Bonds. DTC's records reflect only the Identity ofI the Direct Participants to whose accounts such Bonds are credited, which mayor may not be theBeneficial Owners. The Direct Participants and the Indirect Participants will remain responsible forkeeping account of their holdings on behalf of their customers.4I

272MJN!JrI~faQO"cN~ ~~Il~s QFD-Q~FoQ~~rticiP~J~D,£lir,eillPal licip8ilts to--tl idii act Partlc:pal Its, and by U"rretT- Participants amttndirect Participants to BerieficialOwners will be governed by arrangements among them, subject to any statutory or regulatoryrequirements as may be in effect from time to time.Neither DTC nor Cede & Co. (nor such other DTC nominee) will consent or vote with respect t~the Bonds unless authorized by a Direct Participant in accordance with DTC's Procedures Under itSusual procedures, DTC mails an "Omnibus Proxy" to the Paying and Transfer Agent as soon as possibleafter the record date. The Omnibus Proxy assigns Cede & Co.'s consenting or voting rights to thoseDirect Participants to whose accounts the Bonds are credited on the record date (identified in a listingattached to the Omnibus Proxy).Principal payments and interest payments on the Bonds will be made to Cede & Co. or suc~other nominee as may be requested by an authorized representative of DTC. DTC's practice is to creditDirect Participants' accounts upon DTC's receipt of funds and corresponding detail information from theCity or the Paying and Transfer Agent, on the payable date in accordance with their respective holdingsshown on DTC's records. Payments by Participants to Beneficial Owners will be governed by standin~instructions and customary practices, as is the case with securities held for the accounts of customers i~bearer form or registered in "street name," and will be the responsibility of such Participant and not dfDTC nor its nominee, the Paying and Transfer Agent. or the City subject to any statutory or regulatoryrequirements as may be in effect from time to time. Payment of redemption proceeds, principal paymentsand interest payments to Cede & Co (or such other nominee as may be requested by an authorizedrepresentative of DTC) is the responsibility of the City or the Paying and Transfer Agent, disbursement ofsuch payments to Direct Participants will be the responsibility of DTC, and disbursement of suchpayments to the Beneficial Owners will be the responsibility of Direct and Indirect Participants.IDTC may discontinue providing its services as depository with respect to the Bonds at any timeby giving reasonable notice to the City Under such circumstances, and in the event that a successordepository is not obtained, Bond certificates are required to be printed and deliveredIn addition, the City may decide to discontinue use of the system of book-entry transfers througHDTC (or a successor securities depository) In that event, Bond certificates will be printed and deliveredto DTC.IThe information in this section and elsewhere in this Official Statement concerning DTC andDTC's book-entry system has been obtained from sources that the City believes to be reliable, but thE)City takes no responsibility for the accuracy thereof.'So long as Cede & Co, is the registered holder of the Bonds as nominee of DTC, referencesherein to the holders, or registered owners of the Bonds mean Cede & Co. and not the Beneficial Ownersof the Bonds.ITHE CITY AND THE PAYING AND TRANSFER AGENT CANNOT AND DO NOT GIVE ANYASSURANCES THAT THE DIRECT PARTICIPANTS OR THE INDIRECT PARTICIPANTS WILLDISTRIBUTE TO THE BENEFICIAL OWNERS OF THE BONDS (A) PAYMENTS OF PRINCIPAL OF ORINTEREST OR REDEMPTION PREMIUM, IF ANY, ON THE BONDS; (B) CERTIFICATESREPRESENTING AN OWNERSHIP INTEREST OR OTHER CONFIRMATION OF BENEFICIA~OWNERSHIP INTERESTS IN THE BONDS; OR (C) REDEMPTION OR OTHER NOTICES SENT TODTC OR CEDE & CO, ITS NOMINEE, AS THE REGISTERED OWNERS OF THE BONDS, OR THAllTHEY WILL DO SO ON A TIMELY BASIS OR THAT DTC OR DIRECT OR INDIRECT PARTICIPANTSWILL SERVE AND ACT IN THE MANNER DESCRIBED IN THIS OFFICIAL STATEMENT. THECURRENT "RULES" APPLICABLE TO DTC ARE ON FILE WITH THE SECURITIES AND EXCHANGECOMMISSION AND THE CURRENT "PROCEDURES" OF DTC TO BE FOLLOWED IN DEALING WITHDIRECT OR INDIRECT PARTICIPANTS ARE ON FILE WITH DTC.INEITHER THE CITY NOR THE PAYING AND TRANSFER AGENT WILL HAVE ANYRESPONSIBILITY OR OBLIGATIONS TO SUCH DIRECT OR INDIRECT PARTICIPANTS OR THE5I

273BENEFICIAL ov.MlNtlIqee

274MINUTE BOOK No. 63, CITY OF OXFORDTransportationName and TitleGeorge "Pat" PattersonNeyWiliiamsE.O. OliverJanice AntonowUlysses HowellPreston E. TaylorJason BaileyJohn MorganOccupationMayor - Full TimeRetiredAccountantRetiredAssistant PrincipalRetiredRental ManagerSales ManagerO'M",M,R'O'''6'226. poslnon'llHeld Since20092009199719971993200120122009Access to the City is available by several means. State Highways 6, 7, 9W, 30, 314 and 331serve the immediate area. A number of County highways provide access to many outlying areas in thCounty.Rail service is provided to the City by the Natchez Trace Railroad. Intercity bus service isprovided by Gulf Transport and Continental Trailways. Twelve motor freight carriers, one with a terminalfacility in the City, are authorized to serve the City. Commuter air transportation is available at universitY-IOxford Airport, located approximately 1.5 miles northwest of Oxford. The nearest commercial airport i~Memphis International Airport located approximately 75 miles northwest of Oxford. The nearest port·located in Memphis, Tennessee on the Mississippi River, has a channel depth of nine feet.,Educational FacilitiesHigher Education The University of Mississippi (the "University"), located within the City limits, isthe oldest public institution of higher learning in the State. As a comprehensive, Carnegie researCI'extensive institution, the University offers a broad range of undergraduate and graduate programs. ThUniversity's main campus in the City emphasizes a traditional, residential educational experience, with •central College of Liberal Arts and several professional schools. There are over approximately 14,00students on the Oxford Campus with 581 students from 77 foreign countries, 49 states and all 8Mississippi counties. Approximately 36% of the University's students are from out of state. TheUniversity's regional campuses emphasize professional offerings and primarily serve adult learners. :Northwest Mississippi Community College has an enrollment of over 8,000 students on three11campuses with one campus located in Senatobia, Mississippi which is within 20 miles of the City. It offer1 'the first two years of more than 50 courses of study for academic transfer to a four-year college a 'university.Public Schools The Oxford Municipal Separate School District (the "District") is comprised ofthree elementary schools serving pre-school through grade six, one middle school serving grades sevenand eight, and one high school serving grade nine through grade twelve. The District also operates 9learning center for severely handicapped children, an alternative school and a vocational learning cente,for students and adults. There are approximately 253 certified teachers and 173 additional sta !members.!YearEnrollment Figures2010-112009-102008-092007-082006-073,5983,4523,3603,4093,356IISOURCE Mississippi Department of Education, March 2012.7III~ I

275Medical Facilitie~INUTE BOOK No. 63, CITY OF OXFORDDEMENT·MERIDIAN 61-0226la OSpl a -North iVllSSISSIPPI IS a 204-bed acute care facility serving the northernthird of the State. One of the fastest growing hospitals in the region, it has more than 70 medical andsurgical specialists representing 30 specialty areas such as cardiology, medical oncology andneurosurgery. It offers a heart care center, a sleep disorders center, a women's pavilion and is a jointpartner with the Oxford Surgery Center, an outpatient facility with four operating suites and two procedurerooms.Communication ServicesIThe Oxford Eagle, a daily newspaper in Oxford, is available locally at newsstands and bysubscription.The City has three local FM radio stations. Nearby television stations representing the four majornetworks are located in Tupelo, Mississippi. The local cable television service provides regional andnational channels.Local and statewide long distance telephone service is provided by AT&T, formerly BellSouth.Discount long distance service is also available to residents of the City.MuniCipal ServicesThe City of Oxford Electric Department supplies all electricity within the City limits. CenterpointEnergy Entex supplies natural gas to the City. The City owned water system supplies water from nineactive wells, capable of producing approximately 8,000 gallons per minute to all of the City. Four waterstorage tanks give a combined storage capacity of 2,100,000 gallons. The City supplied utilities areregulated by the Governing Body.The City's full time Municipal Fire Department, which is rated as a Class V system in the State,has three stations. The City's Police Department currently employs 61 full time policemen.Per Capita IncomeThe following represents per capita income annually for the County, and for portions of the Stateand the United States of America:IYear County Mississippi United States County as % of U.S.2009 $ 31,730 $ 30,401 $ 39,635 80%2008 32,181 30,383 40,166 802007 31,350 29,542 39,392 802006 30,275 28,006 37,698 802005 29,041 26,819 35,424 82SOURCE: Bureau of Economic Analysis: RegiDnal Economic Accounts at website: www.bea.gov, March 2012.Retail Sales and Sales Tax Collected for the CityState Fiscal YearEnded June 3020112010200920082007Amountof Sales$ 488,601,613465,650,151466,390,523482,502,811441,850,955Sales TaxCollected$ 33,004,26031,533,69531,536,13232,339,61629,920,374SOURCE: Bureau of Revenue, State of Mississippi, Service Bulletins, March 2012.8I

276Major ~JE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-226The following is a p~rtial listing of the City's ~aJor ernplo~ers, their products or services a~d ;h~lrapproximate number of employees:IEmployer Product or Service EmployeesUniversity of MississippiNorth MS Regional CenterBaptist Memorial HospitalOlin Corporation-Winchester DivisionWal-Mart SupercenterCatepillar, Inc.City of OxfordBorg WarnerFNC Inc.S.W.M., Inc.Ability WorksRoseburg Forest ProductsOxford Wire and Cable Services, Inc.North Mississippi ConveyorEducationInstitutional Care & EducationHealthcareRimfire Ammunition & Power ToolsRetailHose CouplingsCity ServicesManufacture automotive throttle bodiesE-Commerce SoftwareShirts, UniformsSheltered WorkshopDu ramine laminated boardElectronic Wire HarnessesConveyor Equipment2,5001,1001,00042540035030630010099 i70504135ISOURCE: Chamber of Commerce, March 2012.County Unemployment Statistics20082009 201020112012JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecemberAnnual Average5.5%4.54.94.25.86.67.05.95.15.14.65.3M%6.9% 10.4%6.5 9.36.4 8.56.7 7.88.5 9.09.7 9.710.4 9.88.9 7.880 7.58.5 7.78.2 7.79.0 7.9lL1% M%9.4%8.68.17.57.69.69.58.38.3827.68.28.4%8.7%ISOURCE: Mississippi Employment Security Commission, Research and Statistics Department, March 2012.County Employment StatisticsResidence Based EmploymentCivilian Labor ForceUnemployedEmployedEstablishment Based EmploymentManufacturingNon-ManufacturingAgriculture, Forestry, Fishing & HuntingMiningUtilitiesConstruction2008 200922,0001,18020,8201,62017,66090109063021,9201,78020,1401,03017,3009010804702010 201122,180 22,5801,910 1,90020,270 20,680820 53017,350 16,890100 12010 1080 80460 3602012 I23,71b2,07021,64t1,08~17,978p09036f9I'I ,I

277IWholesale TrMINUTE BOOK No~c63, CI1DY OF -QXFORO 180Transportation and WarehousingInformationFinance & InsuranceReal Estate, Rental & LeasingProfessional and Business ServicesManagement of Companies & EntertainAdmin. Support & Waste ManagementEducational ServicesHealth Care & Social AssistanceArts, Entertainment & RecreationAccommodation & Food ServicesOther Services (Except Public Adm)GovernmentEducation1202204303001,04040650902,140902,5103206,3203,93012020043024095030550902,220902,5303406,4303,9701501704102501,000204901002,320602,5803406,4303,9801501703702101,05020370702,400502,5203106,3903,9101702004502601,13040600902,550702,5403006,5304,130ERIDIAN 61-0226NOTE: Totals may not add due to rounding.SOURCE: Mississippi Employment Security Commission, Annual Averages, March 2012Banking Institutions in the City'InstitutionRegions Bank2BancorpSouth Bank 3Renasant Bank 3Community Trust Bank2Merchants and Farmers Ban k 3The First National Bank of Clarksdale 3First National Bank of OxfordBank of Commerce 3Mechanics Bank 3Oxford University BankTotal Assets$ 123,368,203,00012,990,345,0004,196,437,0002,472,588,0001,561,320,000320,654,000235,532,000247,116,000198,780,00093,670,000IAs of December 31, 20112 Home based out of State.3 Home based outside City limits.SOURCE: FDIC. March 2012.City Building PermitsFiscal YearEndedSeptember 3020112010200920082007NumberIssued185156129331481ResidentialValue ofImprovements$ 15,087,60314,940,97410,808,27949,575,13442,937,728Number Issued62545610786Non-ResidentialValue ofImprovements$ 13,583,29614,614,4639,885,05412,814,05123,878,534SOURCE: Oxford City Clerk, March 2012.10I

278MINUTE BOOKuNOiA~~Foc;r!TTYclNOF OXF?RDDEME"ME",D,,"''''c=='===~D~e=s-c~ri~tion~f City Taxes .. . . ~Procedure for Property Assessments The Tax Assessor of the County assesses all real anJpersonal property subject to taxation in the County, including property in the City, except motor vehicle~and property owned by public service corporations, both of which are required by law to be assessed bythe State Department of Revenue.'Section 21-33-9, Mississippi Code of 1972, as amended, provides that the governing authority 01a municipality which is located within a county having completed a county-wide reappraisal approved bthe State Tax Commission and which has been furnished a true copy of that part of the countassessment roll containing the property located within a municipality as provided in Section 27-35-167"Mississippi Code of 1972, as amended, shall adopt such assessment rolls for its assessment purposes.:The City is utilizing the assessment rolls of the County, ,JIThe City may not correct or revise such assessment rolls except for the purpose of conformingthe City's assessment roll to corrections or revisions made to the County's assessment roll. All objectionsto the City's assessment roll may be heard by the Board of Supervisors of the County at the time and in Ithe manner that objections to the County assessment roll are heard, The Board of Supervisors of th1 'County shall notify, in writing, the Governing Body and the Tax Assessor of the City of any corrections 0 'revisions made by it to the part of the County assessment roll adopted as the City's assessment roll. ,Procedure for Tax Collections. The Governing Body is required each year to levy taxes uponall of the taxable property within the City to provide sufficient revenue to cover the operating expenses ofthe City, If any taxpayer neglects or refuses to pay his taxes on the due date thereof, the unpaid taxeswill bear interest at the rate of one percent per month or fractional part thereof from the delinquent date tcjthe date of payment of such taxes, When enforcement officers take action to collect delinquent taxes,1other fees, penalties and costs may accrue, Both real and personal property are subject to being sold a1public sale for nonpayment of taxes,Section 21-33-63, MiSSissippi Code of 1972, as amended, and related statutes provide that afterthe fifth day of August in each year, the Tax Collector for the City shall advertise all lands in the City onwhich all taxes due and in arrears have not been paid, as well as all land liable for sale, at the door of thecourthouse of the County or any place within the courthouse that the Tax Collector for the City shalldesignate in the advertisement, on the last Monday of August.Assessed Valuation For Fiscal Years Ending September 30Class 2007 2008 2009Real Property $ 189,606,841 $ 205,343,847 $ 230,107,533Personal Property (includes 18,272,309 18,172,331 20,269,806mobile homes)Automobiles 2,819,088 20,964,933 20,413,106Public Utilities 17 574 765 2808529 2,713,308TOTAL $ 228 273 003 $ 247 289 640 $ 273 503 753IClass 2010 2011Real Property $ 239,633,952 $ 238,794,582Personal Property (includes 16,575,342 16,137,057mobile homes)Automobiles 20,152,125 19,618,883Public Utilities 2,652,520 2,652,520TOTAL $ 279 013 939 $ 277 203 042SOURCE: Oxford City Clerk, March 2012.11I

,279real and personal property (excluding single-family, owner-occupied residentialreal property and motor vehicles, respectively), 15% of true value;single-family, owner-occupied residential real property, 10% of true value; andmotor vehicles and public utility property, 30% of true value.DEMENT-MERIDIAN 61-0226IThe 1986 Session of the Mississippi Legislature adopted House Concurrent Resolution No. 41pursuant to which there was proposed an amendment to Section 112 of the Mississippi Constitution of1890 (the "1986 Amendment"). The 1986 Amendment provided, inter alia, that the assessment ratio ofanyone class of property shall not be more than three times the assessment ratio on any other class ofproperty.The 1986 Amendment set forth five classes of property and the assessment ratios which wouldbe applicable thereto upon the adoption of the 1986 Amendment. The assessment ratios set forth in the1986 Amendment are identical to those established by Section 27-35-4, Mississippi Code of 1972, asamended, as it existed prior to the 1986 Amendment, except that the assessment ratio for single-family,owner-occupied, residential real property under the 1986 Amendment is set at 10% of true value asopposed to 15% of true value under previously existing law. The 1986 Amendment was ratified by theelectorate on June 3, 1986.The assessed valuation figures above do not include property exempt from all City ad valoremtaxes for a period of up to 10 years, primarily for new or expanded manufacturing facilities. This real andpersonal property will become subject to City ad valorem taxation at different points in time during thenext ten years. In addition, certain other industrial and manufacturing facilities are exempt from advalorem taxation pursuant to Section 57-3-33, Mississippi Code of 1972, as amended.Tax levy Per $1,000 ValuationI(For Fiscal Year 2011)LibraryGeneral Fund2010 Refunding General Obligation2009 General Obligation2007 General Obligation2005 General Obligation2004 General Obligation2002 General ObligationParks and RecreationTOTAL1.02%18.311AO1.101.060.671.080.612.0027.25%SOURCE: Oxford City Cleffi, March 2012.Ad Valorem Tax CollectionsFiscal Year EndedSeptember 30201020092008200720062005TaxesDue$ 21,612,45021,929,09220,522,72317,766,56014,297,78511,058,021TaxesCollected$ 21,603,33221,925,89420,521,33117,761,81014,218,23911,026,360DifferenceOver (Under)$ (9,118)(3,198)(1,392)(4,750)(79,546)(31,661)SOURCE: Oxford City Cleffi, March 201212I

2802010 T.MINU;JT~pQQOK No. 63, CITY OF OXFORD ..DEMENT-MERIDIAN 61-226~~~TaxpayerLinks at OxfordFairfield UM ExchangeWal-MartEDR Oxford LLCOxford GalleriaBVP Lafayette Place LLCCampus Walk LLCHeritage DevelopmentsHome DepotTexla Oxford LLCAssessed Value$ 3,243,264.003,212,328.002,344,800.001,998,942.001,979,195.001,902,153.001,342,515.001,323,108.001,186,764.001,150,341.00Taxes Paid$ 265,071.96262,543.57191,640.50163,373.53161,759.63155,462.97109,723.75106,908.1996,994.2294,017.38ISOURCE Oxford City Clerk, March 2012.DEBT INFORMATIONCity Debt LimitationsStatutory Debt Limits. The City is subject to a general statutory debt limitation under which ncity in the State may incur general obligation bonded indebtedness in an amount which will exceed 15'of the assessed value of all taxable property within such city according to the last completed assessmenfor taxationIn computing general obligation bonded indebtedness for purposes of this 15% limitation, thermay be deducted all bonds or other evidences of indebtedness, heretofore, or hereafter issued, faschool, water and sewerage systems, gas and light and power purposes and for the construction atspecial improvements primarily chargeable to the property benefited or for the purpose of paying a City'~proportion of any betterment program, a portion of which is primarily chargeable to the property benefited IHowever, in no case maya city contract any indebtedness which, when added to all of its outstandinggeneral obligation indebtedness, both bonded and floating, exceeds 20% of the assessed value of ailtaxable property within said city according to the last completed assessment for taxation.IIn arriving at the limitations set forth above, bonds issued for school purposes, bonds payablE!exclusively from the revenues of any city owned utility, industrial development revenue bonds issuequnder the provisions of Section 57-1-1 through 57-1-51, Mississippi Code of 1972, as amended, and anyspecial assessment improvement bonds issued under the provis',ons of Section 21-41-1 throug~21-41-53, Mississippi Code of 1972, as amended, are not included. Also excluded from both limitation,fare contract obligations which are subject to annual appropriations.ILegal Debt Limit Statement'(as of March 1, 2012)Authorized Debt Limit (Last Completed Assessmentfor Taxation - $277,203,042)Present Debt Subject to Debt LimitsMargin for Further Debt Under Debt LimitsLess the BondsMargin for Further Debt After Issuance of the Bonds15% Limit$ 41,580,45621 000.000$ 20,580,45620% Limit$ 55,440,60821 000.000$ 34,440,608No bonds subject to the 15% debt limit or the 20% debt limit have been issued by the City since March 1, 2012.SOURCE: Oxford City Clerk, March 2012.13I

281IOutstanding GeMtNtR"aE>rB08KeNo. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0226Name of IssueGeneral Obligation BondsGeneral Obligation Bonds, 2002General Obligation Bonds, 2004General Obligation Bonds, 2005General Obligation Bonds, 2007General Obligation Note, 2008General Obligation Bonds, 2009General Obligation Refunding Bonds, 2010'TOTALarch 1, 2012)Date of Issue03/01/0203/01/0404/0110503/0110712/11/0805/01/0911/17/10OriginalIssue Size1,300,0003,000,0001,500,000g,OOO,OOO675,0003,800,0007,085,000Outstanding$ 160,0001,565,000675,0007,785,000300,0003,430,0007085000$ 21 000000These bonds which were issued on November 17, 2010, refunded the $5,000,000 (original principal amount) MississippiDevelopment Bank Special Obligation Bonds, Series 2001 (Oxford, Mississippi Multi-Purpose/Recreation Facilities Project),dated as of November 1, 2001, and a portion of the outstanding $5,000,000 (original principal amount) City of Oxford, MississippiGeneral Obligation Bonds, Series 2001 , dated as of January 1, 2001SOURCE: Oxford City Clerk, March 2012.Annual Debt Service RequirementsFiscal Year EndingSeptember 30PrincipalInterestTotal DebtServiceI2012 1,345,000.002013 1,245,000.002014 1,295,000.002015 1,230,000.002016 1,105,000.002017 1,155,000.002018 1,215,000.002019 1,265,000.002020 1,145,000.002021 1,200,000.002022 845,000.002023 885,000.002024 925,000.002025 610,000.002026 640,000.002027 660,000.00TOTAL $16,765,000.00637,644.39589,497.52542,012.51494,511.88444,596.89397,185.02349,492.52301,734.39255,003.14208,996.89169,500.00136,750.00102,475.0065,825.0040,425.0013,612.50$4,749,262.651,982,644.391,834,497.521,837,012.511,724,511.881,549,596.891,552,185.021,564,492.521,566,734.391,400,003.141,408,996.891,014,500.001,021,750.001,027,475.00675,825.00680,425.00673,612.50$21,514,262.65SOURCE: Oxford City Clerk, March 2012.Debt RatiosFiscal Year EndedSeptember 302011General Obligation Debt$ 21,000,000General Obligation Debt toAssessed Value7.57%I SOURCE: Oxford City Clerk, March 2012.14I

1282OtherMtNLR"dibBOOK No. 63, CITY OF OXFORDDEMENT. MERIDIAN 61-226IssueState Revolving Fund(as of March 1, 2012)Date of IssueOutstanding$ 10,246,153.801 None of the Other Long Term Debt is subject to the 15% or the 20% debt limit.SOURCE Oxford City Clerk, March 2012.Outstanding Revenue Bonds(as of March 1, 2012)Name of Issue Date of Issue Original Issue OutstandingSizeCombined Water and Sewer, 2003Combined Water and Sewer, 2004Combined Water and Sewer, 2006Combined Water and Sewer, 2007Combined Water and Sewer, 2008Electric System Revenue Refunding Bonds, 2010Combined Water and Sewer, 2011TOTAL12/01/200311/01/200406/01/200606/01/200702/01/200804/15/201005/01/20111,900,0001,800,0003,400,0002,800,0003,450,0003,335,0008,500,0001,320,0001,420,0002,825,000 'I2,430,0003,000,000,2,740,0008,500,000$ 22 235 000IIISOURCE Oxford City Clerk, March 2012. ~Water and Sewer Revenue Bonds are payable as to principal and interest solely from threvenue derived by the City from the operation of its water and sewer system. Such bonds and th'interest thereon are limited obligations of the City and shall never constitute nor give rise to any pecunialiability of the City or a charge against its general credit or taxing powers.'LITIGATIONThe City's General Counsel, Mayo, Mallette PLLC, Oxford, Mississippi, has reviewed the status 0tall pending litigation against the City. While the City is involved in numerous legal proceedings, there arno pending legal proceedings which might be expected to affect the City's ability to perform its obligationto the registered owners of the Bonds.IFINANCIAL ADVISORIThe City has retained the firm of Government Consultants, Inc. as independent financial adVisoj(the "Financial Advisor") to the City in connection with the issuance of the Bonds. In such capacity thFinancial Adv',sor has provided recommendations and other financial guidance to the City with respect tthe preparation of documents, the preparation for the sale of the Bonds and the time of the sale, bonmarket conditions and other factors related to the sale of the Bonds.Although the Financial Advisor performed an active role in the drafting of this Official Statement, ilhas not independently verified any of the information set forth herein. The information contained in thilOfficial Statement has been obtained primarily from the City's records and from other sources which arbelieved to be reliable, including financiat records of the City and other entities, which records may bsubject to interpretation. No guarantee is made as to the accuracy or completeness of any informatioobtained from sources other than the City. Any summaries or excerpts of statutes, ordinances,resolutions or other documents do not purport to be complete statements of the same and reference iJ'made to such original sources in all respects.I15I

I~283MINUTE BOOK NeT I 63, CITY OF OXFORDDEMENT-MERIDIAN 61-{)226an ar oor s re I ar e ervlces, a division of The McGraw-Hili Companies, Inc.("S&P") has assigned its municipal bond rating of "_" to general obligations of the City. An explanationof the significance of such rating may be obtained from S&P.Application has been made to S&P for a new rating in connection with the Bonds. The outcomeof its determination will be provided as soon as possible. No other rating has been applied for by the City.IThere is no assurance that present or future ratings will continue for any given period of time orthat the rating may not be lowered or withdrawn if in the judgment of S&P circumstances so warrant. Anysuch downward change in or withdrawal of a rating may have an adverse effect on the secondary marketprice of the Bonds. Such rating reflects the views of S&P and is not a recommendation to buy, sell orhold the Bonds.]RECORD OF NO DEFAULTThere is no record of any default on general obligations of the City as to payment of eitherprincipal or interest or in any other material respect at any time in at least the past 25 years. No principalor interest on any obligation of the City is currently past due.NO BOND PROCEEDS FOR CURRENT OPERATING EXPENSESNo proceeds from the sale of securities (except tax anticipation notes issued against revenues ofa current fiscal year) have been used by the City for current operating expenses at any time in at least thepast ten years.PENSION PLANSSubstantially all of the City's full time employees participate in the Public Employee's RetirementSystem of Mississippi ("PERS"). Section 21-29-219, Mississippi Code of 1972, as amended, providesthat all local municipal pension plans should be administered by PERS; provides that funds and recordsshould be transferred to PERS; removes the three mill maximum for each fund, but limits yearly increasesto one-half mill per year; and allows PERS to invest funds in a more advantageous manner. These stepsand continued funding in the future should ensure an actuarially sound fund for the City.REAPPRAISAL OF PROPERTY AND LIMITATIONS ON AD VALOREM LEVIESISenate Bill No. 2672, General Laws of Mississippi, Regular Session 1980, codified in part asSections 27-35-49 and 27-35-50, Mississippi Code of 1972 (the "Reappraisal Act"), provides that all realand personal property in the State shall be appraised at true value and assessed in proportion to truevalue. To insure that property taxes do not increase dramatically as the counties complete reappraisals,the Reappraisal Act provides for the limit on increase in tax revenues discussed below.The statute limits ad valorem tax levies by a city subsequent to October 1, 1980, to a rate whichwill result in an increase in total receipts of not greater than 10% over the previous year's receipts,excluding revenue from ad valorem taxes on any newly constructed properties, any existing propertiesadded to the tax rolls or any properties previously exempt which were not assessed in the next precedingyear. This limitation does not apply to levies for the payment of the principal of and the interest ongeneral obligation bonds issued by a city or to certain other specified levies. The limitation may beincreased only if the proposed increase is approved by a majority of those voting in an election held onsuch question.On August 20, 1980, the Mississippi Supreme Court rendered its decision in State TaxCommission v. Fondren, 387 So. 2d 712, affirming the decree of the Chancery Court of the First JudicialDistrict of Hinds County, Mississippi, wherein the Department of Revenue was enjoined from acceptingand approving assessment rolls from any county in the State for the tax year 1983 unless the Departmentof Revenue equalized the assessment rolls of all of the counties. Due to the intervening passage of the16I

284ReapprMlKUT~ BQQ~N

285theERIDIAN61-0226free to securities brokers and others through EMMA. For the procedures for all filings and notices due tothe MSRB, instructions will be provided on the following website for MSRB: http://emma.msrb.org. Thespecific nature of the information to be contained in the Annual Report or the notices of material events issummarized in APPENDIX D to this Official Statement. These covenants have been made in order toassist the Purchaser in complying with the Rule.IThe City is currently in compliance with all of its undertakings. There have been Some instancesin the previous five years in which the City has failed to comply, in all material respects, with previouswritten undertakings of the City to provide continuing disclosure. The City is required by statute to causean annual audit (the "Annual Audit") to be made by a competent accountant or accountants. Because theAnnual Audit has not always been timely performed, there have been instances in the previous five yearswhen the City's annual reports have not been filed on a timely basis as required by previous undertakingsof the City.TAX EXEMPTIONThe Internal Revenue Code of 1986, as amended (the "Code"), includes requirements which theCity must continue to meet after the issuance of the Bonds in order that interest on the Bonds not beincluded in gross income for federal income tax purposes. The City's failure to meet these requirementsmay cause interest on the Bonds to be included in gross income for federal income tax purposesretroactive to their date of issuance. The City has covenanted in the Resolution to comply with therequirements of the Code in order to maintain the exclusion of interest on the Bonds from gross incomefor federal income tax purposes.In the opinion of Baker, Donelson, Bearman, Caldwell & Berkowitz, PC ("Bond Counsel"),assuming compliance by the City with the tax covenants referred to above, under existing statutes,regulations, rulings and court decisions, interest on the Bonds is excluded from gross income for federalincome tax purposes. Interest on the Bonds is not an item of tax preference for purposes of the federalalternative minimum tax imposed on individuals and corporations; however, interest on the Bonds is takeninto account in determining adjusted current earnings for purposes of computing the alternative minimumtax imposed on corporations. Bond Counsel is further of the opinion that under and pursuant to the Act,the Bonds and interest thereon are exempt from all income taxes imposed by the State of MississippiIExcept as described herein, Bond Counsel will express no opinion regarding the federal incometax consequences resulting from the ownership of, receipt or accrual of interest on, or disposition of theBonds. Prospective owners of Bonds should be aware that the ownership of bonds may result incollateral federal income tax consequences, including (a) the denial of a deduction for interest onindebtedness incurred or continued to purchase or carry Bonds, (b) the reduction of the loss reservededuction for property and casualty insurance companies by 15% of certain items, including interest Onthe Bonds, (c) the inclusion of interest on the Bonds in the effectively connected earnings and profits (withadjustments) of certain foreign corporations dOing business in the United States of America for purposesof a branch profits tax, (d) the inclusion of interest on the Bonds in the passive income subject to federalincome taxation of certain Subchapter S corporations with Subchapter C earnings and profits at the closeof the taxable year, and (e) the inclusion in gross income of interest on the Bonds by reCipients of certainSocial Security and Railroad Retirement benefits.The Bonds are being offered as "qualified tax exempt obligations" within the meaning of Section265(b)(3) of the Code.Absence of LitigationDOCUMENTS ACCOMPANYING DELIVERY OF THE BONDSUpon delivery of the Bonds, the City shall furnish the certificate of the Mayor of the City, dated thedate of delivery of the Bonds, to the effect that there is no pending litigation now of record in any court nor18I

286is therM~llit1iiE, BOOKvINp~ t63\e.CITr't0'U;:PIQ)(f'rOtJ;\Q,-dfrsGUy 81 jlldi:cctly.1, the Bonds;2. the issuance, delivery, and validity of said Bonds;3.4.5.the provIsion of funds to pay the Interest thereon and principal thereof when suctpayments shall become due,the proceedings and authority under which provision of funds is made, 1the members of the Governing Body or their right to their respective offices at the time fthe issuance, execution and delivery of said Bonds; ,ILegal Matters6. the tax exempt status of the Bonds; or7. the existence or powers of the City or the Governing Body.In addition to the approving legal opinion relating to the Bonds, the Purchaser will receive theopinion, dated the date of delivery of the Bonds, of Bond Counsel to the effect that, although it is n~tpassing upon and does not aSsume any responsibility for the accuracy, completeness or fairness of th.statements in this Official Statement, makes no representation that it has independently verified su ,statements and has necessarily assumed the fairness, accuracy and completeness thereof, on the bas sof its participation in the preparation of portions of this Official Statement and in connection with therendering of its opinion as to the validity of the Bonds, nothing has come to its attention that would give :itreason to believe that the Official Statement (except for the financial and statistical data included herei~,as to which no view need be expressed) contains any untrue statement of a material fact or omits to statfany material fact that is required to be stated herein or necessary to make the statements containeherein, in light of circumstances under which they are made, not misleading. ;CertificatesIThe Purchaser shall also receive a certificate, dated the date of the delivery of the Bonds, signedby the Mayor of the City and the Clerk of the City, certifying that, on the date of the execution of thecertificate, they are duly chosen, qualified, and acting officers of the City occupying the offices indicat~opposite their names. Further, the Mayor of the City and the Clerk of the City will certify that they havexecuted the Bonds by causing their signatures to be affixed to each Bond, and they do there'recognize the said facsimile signatures as their true and lawful signatures, and they will further certify th tthe seal impressed upon each of said Bonds and on such certificate is the official seal of the City.I'IThe Purchaser shall also receive a certificate, dated the date of delivery of the Bonds, signed bythe Mayor of the City and the Clerk of the City certifying that this Official Statement, with respect to thiflBonds, as of the date of this Official Statement, does not contain any untrue statement of a material fadtor omit to state any material fact necessary to make the statements herein, in light of the circumstanciunder which they are made, not misleading. In providing such certificate, the Mayor of the City and thClerk of the City will state that they have not undertaken to independently verify information obtained rderived from the various State or federal government publications or other sources as presented herein. 'MISCELLANEOUSAny statements in this Official Statement involving matters of opinion or estimates, whether or n~texpressly so stated, are intended as such and not as representations of fact. No representation is mad~that any of the statements will be realized.I19I

287documents for full and complete statements of all matters of fact relating to the Bonds, the security for thepayment of the Bonds and the rights and obligations of the registered owners thereof.The information contained in this Official Statement has been taken from sources consideredreliable, but is not guaranteed. To the best of the City's knowledge, information in this Official Statementdoes not include any untrue statement of material fact nor does the information omit the statement of anymaterial fact required to be stated therein or necessary to make the statements therein, in the light of thecircumstances under which they were made, not misleading.IReferences herein to the Act and the Resolution are only summaries, excerpts or brief outlines ofcertain provisions thereof and do not purport to summarize or describe all provisions thereof. Additionalinformation may be obtained upon request from the office of the Clerk of the City, City Hall, 107Courthouse Square, Oxford, Mississippi 39655, attention: Lisa Carwyle; telephone: (662) 232-2312 andGovernment Consultants, Inc., 1830 Crane Ridge Drive, Jackson, Mississippi 39216, telephone:(601) 982-0005.The execution of this Official Statement has been duly authorized by the Mayor and the Board ofAldermen of the City of Oxford, Mississippi.11240682902914.12CITY OF OXFORD, MISSISSIPPIBy~ __ -=~~~ __ ~~ ______________ _George "Pat" Patterson, MayorCity of Oxford, MississippiI20I

288~~~~rMINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61·226IAPPENDIX ANOTICE OF BOND SALEII

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290MINUTE BOOK N~)T63()~bl~sQf OXFORD$5,500,000CITY OF OXFORD, MISSISSIPPIGENERAL OBLIGATION BONDS(CAPITAL IMPROVEMENTS ISSUE),SERIES 2012DEMENT-MERIDIAN 61-226NOTICE IS HEREBY GIVEN that the Mayor and Board of Aldermen (the "Governing Body") dfthe City of Oxford, Mississippi (the "Glty") will receive sealed bids in the Office of the City Clerk in the CityHall of the City located at 107 Courthouse Square in the City until the hour of 400 pm on September__,2012, at which time said bids will be publicly opened by the City Clerk and read for the purchase atnot less than par plus accrued interest to the date of delivery of $5,500,000 aggregate principal amounCity of Oxford, Mississippi General Obligation Bonds (Capital Improvements Issue), Series 2012 (th"Bonds")IIThe Bonds will be dated and bear interest from September 1, 2012, will be delivered in definitiv iform as fully registered Bonds, will be in the denominations of $5,000 or any integral multiple thereof, Wi~'be payable as to principal at a bank or banks to be named by the City (the "Paying and Transfer Agent'and will bear interest, payable semiannually on March 1 and September 1 of each year, commencing aSeptember 1, 2013, at the rate or rates of interest specified in the bid submitted by the successful bidder'In accordance with this Notice of Bond Sale,The Bonds will be issued in registered, book-entry-only form and all bidders for the Bonds muslbe participants of The Depository Trust Company, New York, New York ("DTC"), or affiliated with it*participants. The Bond certificates will be deposited with DTC. DTC will be responsible for maintaining ~book-entry system for recording the interests of its participants and for the transfer of the interests amon~its participants. The participants will be responsible for maintaining records regarding the benefiCi~ownership interests in the Bonds on behalf of the individual purchasers. Individual purchases may bmade in the principal amount of $5,000 or any multiple thereof through book entries made on the bookand records of DTC and its participants, Unless the book-entry-only system is discontinued, Bonprincipal and interest payments will be made by the City to DTC through the Paying and Transfer Agen,DTC will then be responsible for distributing such payments to DTC participants for subsequentremittance to the owners of beneficial interests in the Bonds, Payment of prinCipal and interest on theBonds to DTC is the responsibility of the City, disbursement of such payments to DTC participants shallbe the responsibility of DTC, and disbursements of such payments to the owners of beneficial interestsshall be the responsibility of DTC participants and not the responsibility of the City. The City will have n~responsibility or obligation to DTC partiCipants or owners of beneficial interests in the Bonds, with res peeto the payment by DTC or any DTC partiCipants, of the principal of or interest on the Bonds or thproviding of notice to DTC participants or owners of beneficial interests in the Bonds or with respect to(a) the accuracy of any records maintained by DTC or any DTC partiCipant; or (b) any consent given orother action taken by DTC as owner of the Bonds. '11IThe Bonds will mature on September 1 in the years and in the principal amounts shown below:'PrincipalPrincipalYear Amount Year Amount2013 $305,000 2021 $375,0002014 315,000 2022 385,0002015 320,000 2023 395,0002016 330,000 2024 400,0002017 340,000 2025 410,0002018 345,000 2026 425,0002019 355,000 2027 435,0002020 365,000A-1I

.,I~291date, or in part on any interest payment date, as selected by the City among maturities, and by lot withineach maturity, at the principal amount thereof, together with accrued interest to the date fixed forredemption and without premium.IThe Bonds will be issued pursuant to the provisions of Sections 21-33-301 et seq., MississippiCode of 1972, as amended (the "Act") and resolutions adopted or to be adopted by the Governing Body.The Bonds are being issued to raise money for the purpose of (a) erecting municipal bUildings andathletic stadiums, preparing and equipping athletic fields, and purchasing bUildings or land therefor, andfor repairing, improving, adorning and equipping the same; (b) constructing, improving or paving streets,sidewalks, driveways, parkways, walkways or public parking facilities, and purchasing land therefor; (c)purchasing land for parks and public playgrounds, and improving, equipping and adorning the same,including the constructing, repairing and equipping of recreational facilities; (d) purchasing fire-fightingequipment and apparatus, and providing housing for same and purchasing land therefor; and (e) payingthe costs incident to the sale and issuance of the Bonds.The Bonds shall be general obligations of the City and the full faith, credit and taxing power of theCity shall be pledged to secure the payment of the principal of and interest on the Bonds.The Bonds are to be sold at not less than S5,500,000 aggregate par plus interest on the Bondsaccrued to the date of delivery, and are to be awarded to the bidder complying with the terms hereof andoffering to purchase all of the Bonds at the lowest net interest cost to the City. The net interest cost will bedetermined by computing the aggregate interest on the Bonds over the life of the issue at the rate or ratesof interest specified by the bidder, less premium offered, if any. It is requested that each bid beaccompanied by a statement of the net interest cost (computed to six decimal places), but such statementwill not be considered a part of the bid. No Bond shall bear more than one (1) rate of interest; each Bondshall bear interest from its date to its stated maturity date at the interest rate specified in the bid; all Bondsof the same maturity shall bear the same rate of interest from their date to maturity; the lowest rate ofinterest specified for any of the Bonds shall not be less than seventy percent (70%) of the highest rate ofinterest specified for any of the Bonds; and the highest rate of interest specified for any of the Bonds shallnot exceed eleven percent (11 %) per annum. Each interest rate specified in any bid must be a multiple ofone-eighth of one percent (1/8 of 1%) or a multiple of one-tenth of one percent (1/10 of 1%) and a zerorate of interest cannot be named.IBidders must acknowledge in their respective bids that they have received and reviewed theCity's preliminary official statement in connection with the issuance of the Bonds (the "Preliminary OfficialStatement"). The City deems the Preliminary Official Statement to be "final" as described in SEC Rule15c2-12(b)(1) for the purposes of such Rule. Upon award of the Bonds to the successful bidder, the Citywill prepare a final official statement in connection with the Bonds (the "Official Statement") insubstantially the form of the Preliminary Official Statement, subject to minor amendments andsupplementations. A reasonably sufficient number of Official Statements will be made available to thesuccessful bidder at the expense of the City within seven (7) business days of the award of the Bonds tosuch bidder. Copies of the Preliminary Official Statement may be obtained from Lisa Carwyle, City Clerk,City of Oxford, 107 Courthouse Square, Oxford, Mississippi 38655, telephone: (662) 232-2312 or theCity's financial advisor, Government Consultants, Inc., 1830 Crane Ridge Drive, Jackson, Mississippi39216, telephone: (601) 982 0005, attention: Mr. Demery Grubbs.In order to assist bidders in complying with SEC Rule 15c2-12(b)(5), the City, pursuant to aresolution of the Governing Body and a continuing disclosure certificate, will agree to provide annualreports and notices of certain events. A summary of the City's procedures with regard to continuingdisclosure is set forth in the Preliminary Official Statement and will also be set forth in the OfficialStatement.All bids must be enclosed in a sealed envelope and should be addressed to the Governing Body,at their offices located at City Hall, 107 Courthouse Square, Oxford, Mississippi 38655 attention: LisaCarwyle, City Clerk, City of Oxford and worded on the outside, in substance, "Bid for City of Oxford,A-2I

292MiSSiSsNUNMI~,~sN,Qeri~~81~~1;YBQfM~fQ~ITIQNM.~[)'oAIIIJc CONDITtoN 'PRECEDE'" i i 0 I HE CONSiDERA I iON O-F ri S--- BiO, EACW-BIDO-ER MUS~ENCLOSE WITH IT, AS A GOOD FAITH DEPOSIT, A CERTIFIED OR CASHIER'S CHECK DRAWUPON A BANK LOCATED WITHIN THE STATE OF MISSISSIPPI PAYABLE TO THE ORDER OF TH •CITY OF OXFORD, MISSISSIPPI FOR ONE HUNDRED TEN THOUSAND AND NO/100THS DOLLARS($110,000.00). No interest will be allowed on any good faith deposit. Bids will be accepted or rejected bythe Governing Body on the date above shown for the sale of the Bonds. When a bid is rejected by thGoverning Body, the good faith deposit accompanying said bid will be returned to the bidder. When a biis accepted by the Governing Body, the good faith deposit accompanying said bid will be applied as papayment for the Bonds or, if the successful bidder fails to comply with this agreement to purchase thBonds, will be retained as liquidated damages. Pending the application of the good faith deposit of thsuccessful bidder as aforesaid, such deposit may be invested in direct obligations of, or obligation'guaranteed by the United States of America or in repurchase agreements with banks fully secured bsuch obligations, and the City shall be entitled to any income from any such investment.IIn the opinion of Baker, Donelson, Bearman, Caldwell & Berkowitz, PC ("Bond Counsel"),assuming compliance by the City with certain tax covenants, under existing statutes, regulations, rulingand court decisions, interest on the Bonds is excluded from gross income for federal income tapurposes. Furthermore, interest on the Bonds is not an item of tax preference for purposes of the federaalternative m',nimum tax imposed on individuals and corporations; however, interest on the Bonds is take,into account in determining adjusted current earnings for purposes of computing the alternative minimutax imposed on corporations. Bond Counsel will express no other opinion regarding other federal taconsequences resulting from the ownership, receipt or accrual of interest on or disposition of the BondsIn addition, Bond Counsel is further of the opinion that under and pursuant to the Act, the Bonds aninterest thereon are exempt from all income taxes imposed by the State of Miss·,ssippi.The Governing Body on behalf of the City has designated the Bonds as "qualified tax exemp,obligations" for purposes of Section 265(b)(3) of the Internal Revenue Code of 1986, as amended.IThe final approving opinion of Bond Counsel, relating to the validity and tax exemption of th~Bonds, together with a non-litigation certificate of the City dated the date of delivery of the Bonds, and ~transcript of the proceedings relating to the Bonds will be delivered to the successful bidder withoutcharge. A copy of said approving opinion will be printed on the back of each Bond at the option of th~successful bidder.IIt is anticipated that CUSIP identification numbers will be secured by the City and printed on theBonds, but neither the failure to secure or print such numbers on any Bond nor any error with respecthereto shall constitute cause for failure or refusal by the successful bidder to accept delivery of and pafor the Bonds in accordance with its agreement to purchase the Bonds. All expenses in relation to thprinting of CUSIP numbers on the Bonds shall be paid for by the City; provided, however, that the CUSIService Bureau charge for the assignment of said numbers shall be paid for by the successful bidder.The successful bidder will be given at least seven (7) business days advanced notice of thproposed date of delivery of the Bonds when that date has been tentatively determined. It is expectethat the Bonds will be delivered in New York, New York and payment therefor shall be made in federal 0other immediately available funds.IThe successful bidder is required to submit to the City not less than seventy-two (72) hours priorto closing a certification to the effect that (a) all of the Bonds have been the subject of a bona fide initialoffering to the public (excluding bond houses, brokers or similar persons or organizations acting in th~A-3I~ I

,Icapacity of undeUWI:>11'IJiIeA00:KicNli¥eOfWr0Xf0R9the Official293Statement b to1ifl1e!>esr'o' tnelrKr .. RIDIAN61-0226to use which they believe to be correct, at least ten percent (10%) of each maturity of the Bonds,aggregating at least $550,000 principal amount of the Bonds, were sold to the public (excluding bondhouses, brokers or similar persons or organizations acting in the capacity of underwriters or wholesalers)at initial offering prices not greater than the respective prices shown on the cover of the OfficialStatement, and (c) at the time they agreed to purchase the Bonds, based upon their assessment of thethen prevailing market conditions, they had no reason to believe any of the Bonds would be initially soldto the public (excluding bond houses, brokers or similar persons acting in the capacity of underwriters orwholesalers) at prices greater than the prices shown on the cover of the Official Statement, includinginterest accrued on the Bonds. However, if the successful bidder offers Bonds of the same maturity atone price to the general public and at a discount from that price to institutions or other investors, thesuccessful bidder is required to, in addition, provide the City with the sale price of each of the Bonds onthe basis of actual facts and its reasonable expectations as of the closing date.The successful bidder shall have the right, at its option, to cancel its agreement to purchase theBonds if the Bonds to be delivered by the City in accordance with the preceding paragraph are nottendered for delivery within sixty (60) days from the date of sale thereof, and in such event the City shallreturn to said bidder its good faith deposit without interest. The City shall have the right, at its option, tocancel its agreement to sell the Bonds if within five (5) days after the tender of the Bonds for delivery thesuccessful bidder shall not have accepted delivery of and paid for the Bonds, and in such event the Cityshall retain the successful bidder's good faith deposit as liquidated damages.Further information may be obtained from Lisa Carwyle, City Clerk, City of Oxford, 107Courthouse Square, Oxford, Mississippi 38655, telephone: (662) 232-2312 and the City's financialadvisor, Government Consultants, Inc., 1830 Crane Ridge Drive, Jackson, Mississippi 39216, telephone:(601) 982 0005, attention Mr. Demery Grubbs.DATED: August 21,2012CITY OF OXFORD, MISSISSIPPIBy IslLisa CarwyleCity ClerkIA-4I

294MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-226IAPPENDIX BFISCAL YEAR 20_ AUDITED FINANCIAL STATEMENT,FISCAL YEAR 20_ BUDGET AND FISCAL YEAR 20_ BUDGETII~,

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.... 1296;o~~~~~~MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-226IIAPPENDIX CFORM OF BOND COUNSEL OPINIONII'II

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298DEMENT· MERIDIAN 61-226Mayor and Board of AldermenCity of Oxford, MississippiOxford, MississippiLadies and Gentlemen'We have examined the Constitution and statutes of the State of Mississippi (the "State"), includin~particularly Sections 21-33-301 et seq., Mississippi Code of 1972, as amended (the "Act"), and certifiedcaples of the proceedings had by the Mayor and Board of Aldermen (the "Governing Body") of the City 01Oxford, MIssIssIPPI (the "City"), including the adoption of resolutions by the Governing Body on July 172012, August 21,2012, September _,2012 (collectively, the "Resolution"), and other proofs submittedrelative to the sale and Issuance ofI'I$5,500,000CITY OF OXFORD, MISSISSIPPIGENERAL OBLIGATION BONDS(CAPITAL IMPROVEMENTS ISSUE), SERIES 2012 ,II,dated as of September 1, 2012 and maturing in such amounts and at such times, bearing interest an~subject to redemption, all as set forth in the Resolution (the "Bonds"). The Bonds are being issued t~raise money for the purpose of (a) erecting municipal buildings and athletic stadiums, preparing andequipping athletic fields, and purchasing buildings or land therefor, and for repairing, improving, adorningand equipping the same; (b) constructing, improving or paving streets, sidewalks, driveways, parkway],walkways or public parking facilities, and purchasing land therefor; (c) purchasing land for parks anpublic playgrounds, and improving, equipping and adorning the same, including the constructing;repairing and equipping of recreational facilities; (d) purchasing fire-fighting equipment and apparatuslland providing housing for same and purchasing land therefor; and (e) paying the costs incident to thrsale and issuance of the Bonds, all in accordance with the Act. ,As to questions of fact material to our opinion, we have relied upon such certified proceedings and othercertifications of officials of the City furniShed to us without undertaking to verify the same by independentinvestigation. We have also examined one of the Bonds as executed and authenticated. We assume tha.lall other Bonds have been similarly executed and authenticated.IBased on the foregoing, we are of the opinion that:1.2.Such proceedings and proofs show lawful authority for the sale and issuance of the Bonds by th~City pursuant to the Constitution and laws of the State, including the Act, and the provisions of thResolution.'The Bonds have been duly authorized, executed and delivered under the provisions of th~Resolution.'I'I3.4.The Bonds are legal, valid and binding general obligations of the City and, under the provisions o~the Act, for the payment thereof, the full faith, credit and taxing power of the City are irrevocablpledged.•Under existing statutes, regulations, rulings and court decisions, subject to the assumption stateJbelow, interest on the Bonds is excluded from gross income for federal income tax purposes.C-1I

I5.6.FurthermMI NtJl'E299Ks No.n 68 00f

300~rMINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61 ·226IAPPENDIX DCONTINUING DISCLOSURE AGREEMENTII

301MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0226ITHIS PAGE INTENTIONALLY LEFT BLANKII

302MINUTE BOQKT~fWclCjJ~ ~~fORDDEMENT-MERIDIAN 61-226This Continuing Disclosure Agreement (this "Disclosure Agreement") is executed and delivereqby the Mayor and Board of Aldermen (the "Governing Body") of the City of Oxford, Mississippi, acting for. and on behalf of the City of Oxford, Mississippi (the "City"), in connection with the execution and delive~of $5,500,000 City of Oxford, Mississippi General Obligation Bonds (Capital Improvements Issue), Serie ,2012 (the "Bonds"). The Bonds are being executed and delivered pursuant to resolutions adopted by th .Governing Body on July 17, 2012, August 21, 2012 and September _, 2012 (collectively, the"Resolution"). The City covenants and agrees as follows:'SECTION 1. Purpose of this Disclosure Agreement. This Disclosure Agreement is beinjexecuted and delivered by the City for the benefit of the Registered Owners (defined below) and thBeneficial Owners (defined below) of the Bonds in order to assist the Participating Underwriter (definebelow) in complying with the Rule (defined below).IIISECTION 2. Definitions. In addition to the definitions set forth in the Indenture, which apply tfany capitalized term used in this Disclosure Agreement unless otherwise defined herein, the followingcapitalized terms shall have the following meanings:"Annual Report" shall mean any Annual Report provided by the City pursuant to, and a*described in, Sections 3 and 4 of this Disclosure AgreementII"Beneficial Owner" shall mean any person which (a) has the power, directly or indirectly, to vot~or consent with respect to, or to dispose of ownership of, any Bond (including persons holding Bondsthrough nominees, depositories or other intermediaries), or (b) is treated as the owner of any Bond forfederal income tax purposes."Dissemination Agent" shall mean the City Clerk of the City of Oxford, Mississippi or h)designee, or such other person as the Governing Body shall designate in writing from time to time.II"EMMA" shall mean the Electronic Municipal Market Access System found ~thltp://emma.msrb.org which is the electronic format prescribed by the MSRB pursuant to the Rule."Fiscal Year" shall mean a period beginning on October 1 in any year and ending on September30 of the following year or such other twelve-month period as may be adopted by the City in accordancewith law.I"listed Events" shall mean any of the events listed in Section 5 of this Disclosure Agreement fill I"MSRB" shall mean the Municipal Securities Rulemaking Board. The electronic filings with thMSRB shall be through EMMA"Participating Underwriter" shall mean the original purchaser of the Bonds required to complywith the Rule in connection with the offering of the Bonds.I"Registered Owner" shall mean the person or persons in whose name any Bond is registered o~the registration records of the City. ."Repository" shall mean the MSRB and each State Repository, if any.I"Rule" shall mean Rule 15c2-12(b)(5) adopted by the Securities and Exchange Commissio~under the Securities Exchange Act of 1934, as the same may be amended from time to time.'II"State" shall mean the State of Mississippi.'0-1I

I ........303"State RMINlJl'&1 BQQK>tNer 63 eGl;f¥ryQ~tOX~Q the State. . . DEMENT.-MEAIDIAN61-0226no State Repository.SECTION 3. Provision of Annual Reports.I(a) The City shall, or shall cause the Dissemination Agent to, not later than six (6) monthsafter the end of each fiscal year beginning in or after the City's fiscal year ending September 30, 2012,provide to each Repository an Annual Report which is consistent with the requirements of Section 4 ofthis Disclosure Agreement. Not later than fifteen (15) business days prior to said date, the City shallprovide the Annual Report to the Dissemination Agent. The Annual Report may be submitted as a singledocument or as separate documents comprising a package, and may cross-reference other informationas provided in Section 4 of this Disclosure Agreement; provided that the audited financial statements ofthe City may be submitted separately from the balance of the Annual Report. If the audited financialstatements of the City are unavailable on the date provided herein in any given year, the City agrees toprovide unaudited financial statements and will provide audited financial statements if and whenavailable.(b) If the City is unable to provide to the Repositories an Annual Report by the date requiredin subsection (a) above, the City shall send a notice to each Repository.SECTION 4. Content of Annual Reports. The City's Annual Report shall contain or incorporateby reference the following:(a) audited financial statements, if available, and, if unavailable, unaudited financialstatements and audited financial statements when they become available; and(b) operating data and financial information substantially similar to that contained in theOfficial Statement relating to the Bonds.Any or all of the items listed above may be incorporated by reference from other documents,including official statements of debt issues with respect to which the City is an "obligated person" (asdefined by the Rule), which have been filed with each of the Repositories or the Securities and ExchangeCommission. If the document incorporated by reference is a final official statement, it must be availablefrom the MSRB. The City shall clearly identify each such other document so incorporated by reference.SECTION 5. Listed Events.I(a) In addition to the provisions of Sections 3 and 4 above, the City shall give or cause to begiven notice of the occurrence of any of the following Listed Events with respect to the Bonds, in a timelymanner not in excess of ten (10) business days after the occurrence thereof, if material. All fifteen (15)events mandated by the Rule are listed below; however, some may not apply to the Bonds.(i)(ii)(iii)(iv)(v)(vi)(vii)(viii)principal and interest payment delinquencies',non-payment related defaults;unscheduled draws on debt service reserves reflecting financial difficulties;unscheduled draws on credit enhancements reflecting financial difficulties;substitution of credit or liquidity providers or their failure to perform;adverse tax opinions, the issuance by the Internal Revenue Service of proposedor final determinations of taxability, Notices of Proposed Issue (IRS Form 5701-TEB) or other material notices or determinations with respect to the tax status ofthe security, or other material events affecting the tax status of the security;modifications to rights of holders of the Bonds;Bond calls;D-2I

304MINlJxTE BOOKr/'Jo. 63, CITY OF OXFORDDEMENT-MERIDIAN 61·226(x) Defeasances;(xi) Release, substitution or sale of property securing repayment of the Bonds;(xii) Rating changes;(xiii)Bankruptcy, insolvency, receivership or similar event of the City;(b)(xiv)Consummation of a merger, consolidation, or acquisition involving the City or thesale of all or substantially all of the assets of the City, other than in the ordinarycourse of business, the entry into a definitive agreement to undertake such a~action or the termination of a definitive agreement relating to any such actionsother than pursuant to its terms; andI(xv) The appointment of a successor or additional trustee or the change of name of a.~~. IAny Listed Event under subsection (a)(i), (iii), (iv), (v), (vi), (ix), (x), (xii), or (xiii) of thiS!1ISection will always be deemed to be material.,SECTION 6. Termination of Reporting Obligation. The City's obligations under this DisclosurJAgreement shall terminate upon the legal defeasance, prior redemption or payment in full of the Bonds.SECTION 7. Dissemination Agent. The City may, from time to time, appoint or engage ,1Dissemination Agent to assist it in carrying out its obligations under this Disclosure Agreement, and ma ,discharge any such Dissemination Agent, with or without appointing a successor Dissemination Agent .SECTION 8. Amendment; Waiver. Notwithstanding any other provision of this DisclosureAgreement, the City may amend this Disclosure Agreement, and any provision of this DisclosureAgreement may be waived, if such amendment or waiver is supported by an opinion of counsel expert i1federal secur'ities laws, to the effect that such amendment or waiver would not, in and of itself, cause thundertakings herein to violate the Rule if such amendment or waiver had been effective on the dathereof but taking into account any subsequent change in or official interpretation of the Rule. ,SECTION 9. Additional Information. Nothing in this Disclosure Agreement shall be deemed toprevent the City from disseminating any other information, using the means of dissemination set forth inthis Disclosure Agreement or any other means of communication, or including any other information in!any financial information or operating data provided or notice of occurrence of a Listed Event, in additionto that which is required by this Disclosure Agreement If the City chooses to include any information i1any financial information or operating data provided or notice of occurrence of a Listed Event in additioto that which is specifically required by this Disclosure Agreement, the City shall have no obligation unde Ithis Disclosure Agreement to update such information Or include it in any future financial information 0operating data provided or notice of occurrence of a Listed Event ,ISECTION 10. Default. In the event of a failure of the City to comply with any provision of thisDisclosure Agreement any owner of a Bond may take such actions as may be necessary and appropriate'lincluding seeking mandate or specific performance by court order, to cause the City to comply with itJ,obligations under this Disclosure Agreement A default under this Disclosure Agreement shall not b~deemed an Event of Default under the Resolution, and the sole remedy under this Disclosure Agreementin the event of any failure of the City to comply with this Disclosure Agreement shall be an action tocompel performance.'\SECTION 11. Duties, Immunities and Liabilities of Dissemination Agent. The Disseminatio~1Agent shall have only such duties as are specifically set forth in this Disclosure Agreement, and the Cityagrees to indemnify and save the Dissemination Agent, its officers, directors, employees and agents',harmless against any loss, expense and liabilities which it may incur arising out of or In the exercise o~performance of ItS powers and duties hereunder, Including the costs and expenses (including attorneY;,10-3 1I

305resignation or removal of the Dissemination Agent and payment of the Bonds.SECTION 12. Beneficiaries. This Disclosure Agreement shall inure solely to the benefit of theCity, the Dissemination Agent, the Participating Underwriters, owners from time to time of the Bonds andbeneficial owners of the Bonds and shall create no rights in any other person or entity.Date: ____ , 2012CITY OF OXFORD, MISSISSIPPIIBy~ ______________________ ___MayorI0-4I

306 3rr====--- - -=-c---!I --.MINUTE BOOK No. 63, CITY OF OXFORDDEMENT·MERIDIAN 61·226RESOLUTION:It was moved by Alderman Oliver, seconded byAlderman Howell to adopt the following resolutiondeclaring issuance of a $500,000.00 GeneralObligation Note. All the aldermen voting aye,Mayor Patterson declared the motion carried.III

.,307Aldennan _Oliver_ offered and moved the adoption of the following resolution:IRESOLUTION DECLARING THE NECESSITY FOR THE SALE ANDISSUANCE OF A GENERAL OBLIGATION NOTE BY THE MAYORAND BOARD OF ALDERMEN OF THE CITY OF OXFORD,MISSISSIPPI, ACTING FOR AND ON BEHALF OF SAID CITY, IN ATOTAL PRINCIPAL AMOUNT OF NOT TO EXCEED FIVE HUNDREDTHOUSAND DOLLARS ($500,000) FOR THE PURPOSE OF RAISINGMONEY FOR THE PURPOSE OF PURCHASING FIRE-FIGHTINGEQUIPMENT AND APPARATUS AND PURCHASING MACHINERYAND EQUIPMENT; AUTHORIZING THE PUBLICATION OF A NOTICEOF NOTE SALE IN CONNECTION WITH SAID NOTE AND THEPREPARATION AND DISTRIBUTION OF INFORMATION ANDMATERIALS RELATED TO THE SALE AND ISSUANCE OF SAIDNOTE; AND FOR RELATED PURPOSES.WHEREAS, the Mayor and Board of Aldermen of the City of Oxford, Mississippi (the"Governing Body"), acting for and on behalf of the City of Oxford, Mississippi (the "City") areauthorized by Sections 21-33-301 et seq., Mississippi Code of 1972, as amended (the "City Act")to issue general obligation bonds to raise money for the purposes set forth therein, including, butnot limited to, purchasing fire-fighting equipment and apparatus and purchasing machinery andequipment which has an expected useful life in excess often (10) years, including motor vehiclesweighing in excess of twelve thousand (12,000) pounds; andIWHEREAS, pursuant to Sections 17-21-51 through 17-21-55, Mississippi Code of 1972,as amended (the "Note Act" and collectively with the City Act, the "Act"), the Governing Body,acting for and on behalf of the City, is authorized to issue negotiable notes of the City for anypurpose for which the Governing Body is otherwise authorized to issue bonds, notes orcertificates of indebtedness including those set forth in the City Act; andWHEREAS, it is necessary and desirable and in the public interest to issue a generalobligation note of the City in an aggregate principal amount not to exceed Five HundredThousand Dollars ($500,000) in accordance with the Act to raise money for the purpose ofpurchasing fire-fighting equipment and apparatus and purchasing machinery and equipmentwhich has an expected useful life in excess of ten (10) years, including motor vehicles weighingin excess of twelve thousand (12,000) pounds (the "Project"); andWHEREAS, the Project is in accordance with the provisions of the Act; andWHEREAS, the Governing Body is authorized pursuant to the Act to provide fundingfor the Project through the issuance of a general obligation note of the City secured by a pledgeof the full faith, credit and resources of the City; andWHEREAS, the Note Act limits the aggregate amount of debt outstanding under theNote Act at anyone time to the greater of Two Hundred Fifty Thousand and Noll OOths DollarsI

308($250,000} tf YIJir~P5l~ 0~tge· a~s~~e~tIXQ2~_~2~e9y wi!trtM'Wi"'fityelaccording to the last completed assessment for taxation; and :1WHEREAS, the assessed value of all taxable property within the City, according to the.last completed assessment for taxation, is Two Hundred Seventy-Seven Million Two HundredThree Thousand Forty-Two Dollars ($277,203,042); andWHEREAS, one percent (I %) of the assessed value of all taxable property locatedwithin the City is Two Million Seven Hundred Seventy-Two Thousand Thirty Dollars($2,772,030); andWHEREAS, the City presently has Two Hundred Eleven Thousand Dollars ($211,000):in outstanding indebtedness under the Note Act; andIWHEREAS, the issuance of the Note (as hereinafter defined) under the Act for thelpurpose of funding the Project will not exceed any constitutional or statutory limitation uponlindebtedness which may be incurred by the City including those set forth in Section 21-33-303of the City Act; andWHEREAS, it would be in the best interest of the City for the Governing Body to issue a·general obligation note of the City pursuant to the Act to provide funding for the Project; andWHEREAS, the Governing Body is authorized and empowered by the Act to issue ajgeneral obligation note of the City for the purposes as hereinafter set forth and there are no otheravailable funds on hand or available from regular sources of income for such purposes.NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND BOARD OF·ALDERMEN OF THE CITY, ACTING FOR AND ON BEHALF OF THE CITY, ASFOLLOWS:SECTION 1. Pursuant to the Act, the Governing Body, acting for and on behalf of theCity, does hereby find and determine that the sale and issuance ofa general obligation note of the .City in a principal amount not to exceed Five Hundred Thousand Dollars ($500,000) (the '!"Note") is necessary and advisable and conforms to the Act, and does hereby declare its intentionto sell and issue the Note.ISECTION 2. The Note is to be issued for the purpose of financing the Project andpaying certain costs incident to the sale and issuance of the Note, all as authorized by the Act.SECTION 3. The Note is to be issued pursuant to the Act and this and subsequent Iresolutions of the Governing Body and will be a general obligation of the City payable as toprincipal and interest out of and secured by the full faith, credit and resources of the City andwill be payable from an ad valorem tax to be levied without limit as to rate or amount upon alltaxable property within the City.SECTION 4. The City shall offer the Note for sale subject to the provisions of Section 9hereof, the date, time and terms of sale to be as set forth in the "Notice of Note Sale" relating to .the Note, which Notice of Note Sale and "Proposal for Purchase" shall be in substantially thefollowing forms:II

,309MINUTE B~N~ CLiY OF OXFORDDEMENT-MERIDIAN 61-0226500,000CITY OF OXFORD, MISSISSIPPIGENERAL OBLIGATION NOTE, SERIES 2012I.INOTICE IS HEREBY GIVEN that the Mayor and Board of Aldermen (the "GoverningBody") of the City of Oxford, Mississippi (the "City") will receive sealed bids in the Office ofthe City Clerk in the City Hall of the City located at 107 Courthouse Square in the City until thehour of 4:00 p.rn. on , 2012, at which time said bids will be publicly opened by theCity Clerk and read for the purchase at not less than par of $500,000 City of Oxford, MississippiGeneral Obligation Note, Series 2012 (the "Note"), at which time said proposals will be publiclyopened and read for the purchase of the Note.The Note will be dated and bear interest from the date of its delivery; will be delivered inthe denomination of $500,000; will be numbered R-I; will be issued in registered form; and willbear interest, payable on April I and October I of each year commencing on April 1, 2013, at therate of interest specified in the proposal submitted by the successful bidder in accordance withthis Notice of Note Sale. Interest will be payable by check or draft of _______----::-c-,-:., Mississippi (the "Paying and Transfer Agent") made payable to the registeredowner of the Note named in, and mailed to the address appearing on the registration books of theCity kept and maintained by the Paying and Transfer Agent.Principal of the Note will be payable at the principal corporate trust office of the Payingand Transfer Agent on October I in the following years and amounts:IYear20132014201520162017PrincipalAmountThe Note will be subject to redemption prior to maturity, at the option of the City, inwhole or in part, on any date, at the principal amount thereof together with accrued interest to thedate fixed for redemption and without premium. Notice of each such redemption shall bemailed, postage prepaid, not less than two (2) business days prior to the redemption date, to theregistered owner of the Note to be redeemed at the address appearing on the registration books ofthe City maintained by the Paying and Transfer Agent.The Note will be issued pursuant to the provisions of Sections 21-33-301 et seq.,Mississippi Code of 1972, as amended (the "City Act") and Sections 17-21-51 through 17-21-55,Mississippi Code of 1972, as amended (the "Note Act" and together with the City Act, the"Act"). The Note is being issued to raise money for the purpose of purchasing fire-fightingequipment and apparatus and purchasing machinery and equipment which has an expected usefulI

310life in eM~~AJJ~lij9Q,~~~~~ttJr«tbTcj{s ge~hgg~feg!lQftWm-~~(!l,UUUT pounds, and paymg certain costs incident tothe sale and issuance of the Note.IThe Note shall be a general obligation of the City. The full faith, credit and resources of'the City shall be pledged to secure the payment of the principal of and interest on the Note and!the Note shall be payable from an ad valorem tax to be levied without limit as to rate or amount'upon all taxable property within the City.The Note is to be sold at par and is to be awarded to the bidder complying with the terms'hereof and offering to purchase the Note at the lowest rate of interest to the City. The Note shallbear only one rate of interest as specified in the proposal which it will bear from its date to itsstated maturity date of October 1, 2017. The rate of interest on the Note shall not exceed elevenpercent (\ 1 %) per annum. Bidders must acknowledge in their respective proposals that,contemporaneously with or prior to delivery of the Note, the City shall receive from thesuccessful bidder a document in form and substance satisfactory to the City to the effect that:I(a) the successful bidder is purchasing the Note for its own account for the purpose ofinvestment and not with a view towards distribution or resale;(b) the bidder has knowledge and experience in financial matters and it is capable ofevaluating the merits and risks of purchasing the Note;(c)issued;the bidder has read and fully understands the resolutions under which the Note is;(d) the bidder has had an opportunity to obtain and has received from the City all ofthe information, documents and materials which it regards as necessary to eval uate the merits Iand risks of its purchase of the Note;(e) the bidder recognizes that Baker, Donelson, Bearman, Caldwell & Berkowitz, PC I("Special Counsel") is not responsible for any information contained in or omitted from materials!regarding the City and the Note and acknowledges that it does not look to Special Counsel to .obtain such information on its behalf; andI(f)while it has no present intention to resell or otherwise dispose of all or any part of lIthe Note purchased by it, the bidder assumes responsibility for disclosing all material Iinformation in compliance with all applicable federal and state security laws in the event of its;resale of the Note.All proposals must be enclosed in a sealed envelope and should be addressed to theGoverning Body, at their offices located at City Hall, 107 Courthouse Square, Oxford,Mississippi 38655 attention: Lisa Carwyle, City Clerk, City of Oxford and worded on theoutside, in substance, "Proposal for City of Oxford, Mississippi General Obligation Note, Series2012". ALL PROPOSALS MUST BE UNCONDITIONAL AND, AS A CONDITIONPRECEDENT TO THE CONSIDERATION OF ITS PROPOSAL, EACH BIDDER MUSTENCLOSE WITH IT, AS A GOOD FAITH DEPOSIT, A CERTIFIED OR CASHIER'SCHECK DRAWN UPON A BANK LOCATED WITHIN THE STATE OF MISSISSIPPIPA Y ABLE TO THE ORDER OF THE CITY OF OXFORD, MISSISSIPPI FOR TEN,I

311Iabove shown for the sale of the Note. When a proposal is rejected by the Governing Body, thegood faith deposit accompanying said proposal will be returned to the bidder. When a proposalis accepted by the Governing Body, the good faith deposit accompanying said proposal will beapplied as part payment for the Note or, if the successful bidder fails to comply with thisagreement to purchase the Note, will be retained as liquidated damages. Pending the applicationof the good faith deposit of the successful bidder as aforesaid, such deposit may be invested indirect obligations of, or obligations guaranteed by the United States of America or in repurchaseagreements with banks fully secured by such obligations, and the City shall be entitled to anyincome from any such investment.The Governing Body reserves the right to reject any or all proposals as well as the rightto waive any irregularity or informality in any proposal. All proposals shall be submitted on aProposal for Purchase which may be obtained from Lisa Carwyle, City Clerk, City of Oxford,107 Courthouse Square, Oxford, Mississippi 38655 telephone: (662)232-2312, or from the City'sfinancial advisor, Government Consultants, Inc., 1830 Crane Ridge Drive, Jackson, Mississippi39216, telephone: (601)982-0005, attention: Mr. Demery Grubbs.In the opinion of Special Counsel, assuming compliance by the City with certain taxcovenants, under existing statutes, regulations, rulings and court decisions, interest on the Note isexcluded from gross income for federal income tax purposes. Furthermore, interest on the Noteis not an item of tax preference for purposes of the federal alternative minimum tax imposed onindividuals and corporations; however, interest on the Note is taken into account in determiningadjusted current earnings for purposes of computing the alternative minimum tax imposed oncorporations. Special Counsel will express no other opinion regarding other federal taxconsequences resulting from the ownership, receipt or accrual of interest on or disposition of theNote. In addition, Special Counsel is further of the opinion that under and pursuant to the Act,the Note and interest thereon are exempt from all income taxes imposed by the State ofMississippi.IThe tlnal approving opinion of Special Counsel relating to the validity and tax exemptionof the Note, together with a non-litigation certitlcate of the City dated the date of delivery of theNote, and a transcript of the proceedings relating to the Note will be delivered to the successfulbidder without charge.The successful bidder will be given at least seven (7) business days advance notice of theproposed date of delivery of the Note when that date has been tentatively determined. The Notewill be delivered in Oxford, Mississippi or such other place as the Governing Body shalldesignate and payment therefor shall be made in federal or other immediately available funds.The successful bidder shall have the right, at its option, to cancel its agreement topurchase the Note if the Note to be delivered by the City in accordance with the precedingparagraph is not tendered for delivery within sixty (60) days from the date of sale thereof, and insuch event the City shall return to said bidder its good faith deposit without interest. The Cityshall have the right, at its option, to cancel its agreement to sell the Note if within tlve (5) daysafter the tender of the Note for delivery the successful bidder shall not have accepted delivery ofI

312rc=====~~an=d paNlJ!}IU~e~gQ ~c~Q~A~,c£lIXI Qfn Qe~~9sru>bidd@Ps'WelAf!litlljdeposit aSllqUldated damages. .. . UFurther information may be obtai~ed from Lisa Carwyle, City Clerk, City of Oxford, 10'Courthouse Square, Oxford, MlsslsslPPl 38655 telephone: (662)232-2312, or from the City'sfinancial advisor, Government Consultants, Inc., 1830 Crane Ridge Drive, Jackson, Mississippi39216, telephone: (601 )982-0005, attention: Mr. Demerv Grubbs.DATED: _____ , 2012CITY OF OXFORD, MISSISSIPPIBy IslLisa CarwyleCity ClerkPROPOSAL FOR PURCHASEI$500,000CITY OF OXFORD, MISSISSIPPIGENERAL OBLIGATION NOTE, SERIES 2012I__ ,2012IIMayor and Board of AldermenCity of Oxford107 Courthouse SquareOxford, Mississippi 38655Ladies and Gentlemen:For Five Hundred Thousand Dollars ($500,000) principal amount City of Oxford I!Mississippi General Obligation Note, Series 2012 (the "Note") of the City of Oxford, Mississipp I(the "City"), dated as of its delivery, and bearing interest at the rate specified below, we will paxyou the aggregate par value thereof. The principal of the Note will be payable in the amounts andin the years set forth in the Notice of Note Sale relating to the Note dated, 2012 (the"Notice of Note Sale").iThe Note shall bear interest at the rate ofpercent per annum. Thisproposal is subject to all the terms and conditions of the Notice of Note Sale which notice by thi~reference thereto is hereby made a part hereof. We hereby acknowledge that we will fullycomply with the terms and requirements of the Notice of Note Sale. ,IlIA CERTIFIED OR CASHIER'S CHECK, DRAWN UPON A BANK LOCATEdWITHIN THE STATE OF MISSISSIPPI, PAYABLE TO THE ORDER OF THE CITYOF OXFORD, MISSISSIPPI, IN THE AMOUNT OF TEN THOUSAND ANDINOllOOTHS DOLLARS ($10,000.00) accompanies this proposal as evidence of good faith an~said good faith deposit shall be returned to the undersigned if this proposal is not accepted, or i 'the City should fail to deliver said Note to the undersigned in accordance with the terms of thI

313Notice of NoteMINUTrEsaoQKctNQ. §;1'iQli~eQla P~fQM shalJE,b.\lE",",AN61~226e Ivere an pal or un er e terms 0 t IS proposa , as partpayment therefor, or be applied as and for liquidated damages in the event that the undersignedfails to take up and pay for the Note. Pending the application of the good faith deposit of thesuccessful bidder as aforesaid, such deposit may be invested in direct obligations of, orobligations guaranteed by, the United States of America or in repurchase agreements with banksfully secured by such obligations, and the City shall be entitled to any income from any suchinvestment.IThis proposal is for immediate acceptance.Bidder ______________________________ __By ____________ ~~----~-----------[Print Name]TitleAddress[Signature]Telephone Number ______________________ __I(Note: No addition to or alteration in this proposal is to be made, and any erasure may cause arejection of this proposal. Proposals must be filed with the Mayor and Board of Aldermen of theCity of Oxford, Mississippi in the Office of the City Clerk in the City Hall located at 107Courthouse Square, Oxford, Mississippi 38655 attention: Lisa Carwyle, City Clerk, sealed andworded on the outside, in substance, "Proposal for City of Oxford, Mississippi GeneralObligation Note, Series 2012", before 4:00 o'clock p.m., Mississippi time, on ,2012.No interest will be allowed the bidder on the good faith deposit which accompanies thisproposal.)ACCEPTANCEThe above proposal accepted by the Mayor and Board of Aldermen of the City of Oxford,Mississippi, this the day of , 2012, and receipt of the within mentionedcheck is hereby acknowledged.CITY OF OXFORD, MISSISSIPPIBy~ __ --____ --__ --__ --__ ---------MayorI

314IAttest:MINUTE BOOK No. 63, CITY OF OXFORDOEMENT·MERIDIAN 61-2261~-=~--------------------City Clerk IReturn of the good faith check is hereby acknowledged.By------~---------------------Title ----------------------------ISECTION 5. The Note shall be dated as of its delivery; shall bear interest from said date Iat the rate of interest speciiled in the proposal submitted by the success.ful bidder for the Note ill.accordance with the Notice of Note Sale, but not to exceed eleven percent (11 %) per annum Ipayable on April 1 and October 1 of each year, commencing April L 2013; and principal an Iinterest shall be payable in equal installments over a period of ilve (5) years, with principapayable on October 1 of each year. The Note shall mature 011 October 1, 2017.IThe Note shall be issued ill registered form ill a single denomination of not to exceellFive Hundred Thousand Dollars ($500,000) and shall be numbered R-l. The Note will b ,subject to redemption prior to maturity at the option of the City, either in whole or in part on an 'date, at the principal amount thereof together with accrued interest to the date ilxed forredemption and without premium. Notice of each such redemption shall be mailed, postageprepaid, not less than two (2) business days prior to the redemption date. to the registered owner'lof the Note to be redeemed at the address appearing on the registration books of the Citymaintained by the Paying and Transfer Agent (as hereinafter deilned).'IThe principal of the Note shall be payable in lawful monies of the United States 0;'America as the same shall become due at a bank or banks to be designated by the City (th~"Paying and Transfer Agent"). Interest will be payable by check or draft drawn upon the Payingand Transfer Agent made payable to the registered owner named in and mailed to the address oflthe registered owner as it shall appear on the registration books of the City kept and maintained Iby the Paying and Transfer Agent.IISECTION 6. Baker. Donelson, Bearman, Caldwell & Berkowitz, PC is herebJdesignated as Special Counsel ("Special Counsel") in connection with the sale and issuance ottthe Note. Mayo Mallette PLLC is hereby selected to serve as counsel to the City in connectionwith the sale and issuance of the Note and Government Consultants, Inc. is hereby designated asFinancial Advisor to the City (the "Financial Advisor") in connection with the sale and issuancelof the Note.I'SECTION 7. Special Counsel is hereby authorized and directed to cause the Notice ofNote Sale to be published at least one (1) time, which shall not be less than ten (10) days prior tothe date of the sale of the Note, in the Oxford Eagle, Oxford, Mississippi, a newspaper havinggeneral circulation in the City.I..... I

315r z an nec e 0 cause 0 e prepare , Istn u e an rms e toprospective bidders for the Note, and to other interested persons, such materials and informationconcerning the City as may be convenient to the public sale of the Note.ISECTION 9. The Mayor is hereby authorized and directed to make all finaldetenninations necessary in connection with (a) the publication of the Notice of Note Sale,including the date of sale, the dated date of the Note, the maturity schedule relating to the Note,the tinal aggregate principal amount of the Note, the redemption terms of the Note and any otherterms thereof, and (b) the Proposal for Purchase; provided, however, that such determinationsshall be subject to ratification by the Governing Body.SECTION 10. Special Counsel shall obtain from the publisher of the aforesaidnewspaper the customary publisher's affidavit proving pUblication of the Notice of Note Sale forthe time and in the manner required by law, and such proof of publication shall be filed in theClerk's office and exhibited before the Governing Body at the hour and date for the receipt ofproposals for the purchase of the Note.SECTION 11. The City hereby declares its official intent to reimburse itself from theproceeds of the Note for expenses incurred with respect to the Project subsequent to the date ofthis resolution. This resolution is intended as a declaration of official intent under Treasury'Regulation Section 1.150-2. The Note will not exceed the total principal amount of FiveHundred Thousand Dollars ($500,000).SECTION 12. If anyone or more of the provIsions of this resolution shall for anyreason be held to be illegal or invalid, such illegality or invalidity shall not affect any of the otherprovisions of this resolution, but this resolution shall be construed and enforced as if such illegalor invalid provision or provisions had not been contained herein.IAldennan _Howell __ seconded the motion to adopt the foregoing resolution, and thequestion being put to a roll call vote, the result was as follows:Aldennan Ney Williams voted:Aldennan E.O. Oliver voted:Alderwoman Janice Antonow voted:Aldennan Ulysses Howell voted:Aldennan Preston E. Taylor voted:Aldennan Jason Bailey voted:Alderman John Morgan voted:AYEAYEAYEAYEAYEAYEAYEThe motion having received the affinnative vote of a majority of the members of theGoverning Body present, being a quorum of said Governing Body, the Mayor declared themotion carried and the resolution adopted this 21" day of August, 2012.11235142902914_12(Note)I

316 4MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61·226WEST NILE:ORDINANCE CHANGE:CHANGE ORDER:VEHICLE:DESIGN PROFESSIONAL:ORDINANCE:ORDINANCE:ORDINANCE:ORDINANCE:BAILEY BRANCH PARKATFNC:Jimmy Allgood gave a report on the West Nile virusand how to limit the amount of mosquitoes aroundyour home.This was the first reading of the proposed changesto Section 102 Article XVII Stopping, Standing,Restricted or Prohibited 011 Certain Streets of theCode of Ordinances. Tim Akers read through allthe proposed changes to the ordinance.It was moved by Alderman Morgan, seconded byAlderman Bailey to approve a change order for thePowerhouse renovation project in the amount of$6,799.00. The balance remaining after the grantpays is $1257.00, the City will split that amountwith Y AC: All the aldermen voting aye, MayorPatterson declared the motion carried.It was moved by Alderman Morgan, seconded byAlderman Antonow to authorize the purchase of a2012 Jeep Liberty for Downtown ParkingEnforcement to be used by Standard Parking. Twoquotes were received and they will purchase thevehicle from Chandler Motors in the amount of$17,011.00. All the aldermen voting aye, MayorPatterson declared the motion carried.It was moved by Alderman Williams, seconded byAlderman Bailey to authorize the retention of adesign professional for parking garage RFP behindCity Hall. All the aldermen voting aye, MayorPatterson declared the motion carried.This was the second reading and public hearing oftrenching and right of way ordinance. There was nocomment from the public. The third reading andvote will be held at the next board meeting.This was the second reading and public hearing oftelecommunications permit ordinance. There wasno comment from the public. The third reading andvote will be held at the next board meeting.This was the first reading of proposed amendmentto Land Development Code: Article 7, Section 20 I:Parking and Loading Regulations regarding parkingspace size requirements.This was the first reading of the proposedamendments to the Land Development code: Article9, Section 230: Standard Forms for Final Platsregarding final plat certification.Bart Robinson came before the Mayor and Board ofAldermen to discuss the relocation of the sidewalkat Bailey Branch Park at FNC on Highway 7, due tothe widening of Highway 7. He reported therelocation of the sidewalk would cost approximately$3,500.00.III

5 317MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0226IAFTER HOURS WORK:PUBLIC USE OF PROPERTY:EASEMENT:It was moved by Alderman Howell, seconded byAlderman Bailey to authorize Shelby Electric towork after hours for signal installation on WestJackson at CVS. All the aldermen voting aye,Mayor Patterson declared the motion carried.It was moved by Alderman Williams, seconded byAlderman Taylor to authorize permission for thepublic to use a strip of property adjacent towastewater treatment plant for the purpose offlying, landing and take-off of Radio Controlledaircraft in accordance with posted rules. All thealdermen voting aye, Mayor Patterson declared themotion carried.It was moved by Alderman Howell, seconded byAlderman Bailey to accept the following easementfrom Northwest Community College. All thealdermen voting aye, Mayor Patterson declared themotion carried.II

318;c===~~~~MINUTE BOOK No. 63, CITY OF OXFORDDEMENT·MERIDIAN 61-226--:iTHE STATE OF MISSISSIPPITHE COUNTY OF LAFAYETTEPERPETUAL DRAINAGE EASEMENTFOR AND IN CONSIDERATION ofthe hereinafter named NORTHWEST MISSISSIPPICOMMUNITY COLLEGE granting to the CITY OF OXFORD, MISSISSIPPI, and other good andvaluable consideration, the receipt of all which is hereby acknowledged, NORTHWEST f\.1]SSISSIPPICOMMUNITY COLLEGE, Grantor, does hereby convey and warrant unto THE CITY OF OXFORD,MISSISSIPPI, Grantee, a perpetual drainage easement for the following described property inILAFAYETTE County, Mississippi, to-wit:PERPETUAL DRAINAGE EASEMENTDESCRIPTION: A PARCEL OF LAND LOCATED IN THE NORTHEASTQUARTER (NE 114) OF SECTION 33, TOWNSHIP 8 SOUTH, RANGE 3 WEST,LAFAYETTE COUNTY, MISSISSIPPI. SAID PARCEL IS TO BE USED AS APERPETUAL DRAINAGE EASEMENT BY THE CITY OF OXFORD, MS TOINSTALL AND MAINTAIN A STORMW ATER DRAINAGE PIPE:COMMENCING FROM A 'POINT LOCATED 493.90 FEET EAST AND1,962.72 FEET SOUTH OF AN 8" WOODEN POST COMMONLY ACCEPTED ASTHE NORTHEAST CORNER OF THE NORTHWEST QUARTER (NW 114) OF SAIDSECTION 33, TOWNSHlP8 SOUTH, RANGE 3 WEST; RUN THENCE S 81°43'17" EA DISTANCE OF 277.09 FEET TO A POINT; RUN THENCE S W51'31" W FOR ADISTANCE OF 50.33 FEET TO A POINT; RUN THENCE N 81°43'17" W FOR ADISTANC OF 277.41 FEET TO A ';''' REBAR FOUND ON THE EXISTING EASTRlGHT-OF-WAY LINE OF COLEMAN DRlVE; RUN THENCE, ALONG SAIDEAST RlGHT-OF-WAY LINE, N 15°13'28" E FOR A DISTANCE OF 50.37 FEET TOTHE POINT OF BEGINNING OF THE HEREIN DESCRIBED PARCEL OF LAND,CONTAINING 0.319 ACRE, MORE OR LESS.Pursuant to said easement, GRANTEE will adhere to the following Maintenance Agreement:GRANTEE will restore property within easement back to original state once installationIof Stormwater Drainage Pipe is complete, maintain the Storm water Drainage Pipe locatedwithin the perpetual drainage easement, and install and maintain outfall creek bankprotection at Burney Branch Creek.Grantor herein hereby acknowledges that it has been fully advised and understands that it is entitled toreceive just compensation based upon an appraisal of this property for this conveyance and for damages, ifany, but Grantor desires no compensation and desires to grant the CITY OF OXFORD, MISSISSIPPI, theeasement as described above. Grantor specifically understands that it has the right to request that a fairmarket value appraisal of the property be made, and it hereby waives that right. It is further understood andagreed that this instrument constitutes the entire agreement between the Grantor and the Grantee, therebeing no oral agreement or representations of any kind.I

319MINUTE BOOK No. 63, CITY OF OXFORD DEMENT MERIDIAN 61 0226WI SS MY SIGNATURE, this the -''--~ day of Ctu.t. ltAt 2012.~~~ -----------'1I'v;T]"fj;rn.s SWITNESSTHESTATEOF~· '-f~THE COUNTY ;;;}~~_/).Ln"",,,",,,,~~~_N:::lST MISSISSIPPICOMMUNIT~ COLLEGE~ /BY2//~ /~//'CITY OF OXFORD, MISSISSIPPI, GranteeBY:. __ ~~~~~~~~~~~Personally appeared before me, ~be undersigned authority, in and for said ;o~~ wi . n mjurisdiction, the within named ~hO acknowled d thatsigned and delivered the above and foregoing instru ent for the ~urposes mentioned on the day and in theyear therein mentioned)~~Atrto ~.ISworn to and subscribed before and given und~r my hand and seal of office, this the ~ day ofGrantor's Address:4975 Highway 51 NSenatobia, MS 38668-1701(662) 562-3200Grantee's Address:107 Courthouse SquareOxford, MS 38655(662) 236-1310I

320 6I!~~~M~IN_UTE BOOK No. 63, CITY OF OXFO_R~D~~DE=MEN'=M,",D

7 321MINUTE BOOK No. 63, CITY OF OXFORDDEMENT·MERIDIAN 61-0226ITRAVEL:OPC QUARTERLY REPORT:APPRAISAL POLICY:It was moved by Alderman Howell, seconded byAlderman Morgan to authorize permission forstaking engineer to attend MS/TN Member Servicesmeeting in Counce, TN on October 9, 2012 with acost of$121.88. All the aldermen voting aye,Mayor Patterson declared the motion carried.Rob Boyd came before the Mayor and Board ofAldermen to present the Oxford Park Commission'squarterly reports.It was moved by Alderman Bailey, seconded byAlderman Antonow to adopt the following policy towaive appraisals in certain land acquisitions under$10,000.00. All the aldermen voting aye, MayorPatterson declared the motion carried.II

322MINUTE BOOK No. 63, CITY OF OXFORDRESOLUTION OF OXFORD, MISSISSIPPIREGARDING WAIVER OF APPRAISAL REQUIREMENT~FOR PROPERTY ACQUISITIONS LESS THAN $10,000DEMENT·MERIDIAN 61-226The Board took up for consideration a policy allowing for acquisition of propertywith a fair market value of less than Ten Thousand Dollars ($10,000.00), and where thevaluation problem is uncomplicated, without requiring a formal appraisal of the propertyIto be obtained, to the extent pennitted by law.Upon due consideration, the City ofOxford, Mississippi adopts the following Resolution, which was first reduced to writing:RESOLUTION OFTHE MAYOR AND BOARD OF ALDERMEN OFTHE CITYOF OXFORD, MISSISSIPPI, AUTHORIZING ADOPTION OF A POLICYALLOWING ACQUISITION OF PROPERTY WITH A FAIR MARKET VALUEOF LESS THAN TEN THOUSAND DOLLARS ($10,000.00), WITHOUTREQUIRING A FORMAL APPRAISAL OF SAID PROPERTY TO BEOBTAINEDWHEREAS, Miss. Code Ann. §43-37-3(b), as amended, provides that "realproperty shall be appraised before the initiation of negotiations, except that the acquiringperson, agency or other entity may adopt a procedure in compliance with the federalregulation to waive the appraisal in cases involving the acquisition by sale or donation ofproperty with a ... fair market value ofTen Thousand Dollars ($10,000.00) or less"; andIWHEREAS, the Mississippi Attorney General has opined that the federalregulation referenced in this statute is 49 CFR 24.1, et seq.; andWHEREAS, 49 CFR § 24.102 provides that an appraisal is not required when"the valuation problem is uncomplicated and the anticipated value of the proposedacquisition is estimated at $10,000.00 or less, based on review of available data"; andI

323 lMINUTE BQ,OK NO,.63, CITY OF OXFORDDE E T·MERIDIAN 61·0226--Icompleted by a person with "sufficient understanding of the local real estate market to bequalified to make the waiver valuation"; andWHEREAS, the City wishes to adopt a policy by which it has the option to waiveIthe appraisal requirement when the valuation problem is uncomplicated and theanticipated value of the property is less than Ten Thousand Dollars ($10,000.00), if andonly if the governing authority of the City of Oxford detelll1ines by official action that itwishes to waive the appraisal process and utilize the policy for non-appraisal valuationsas allowed under statute and federal regulations as may be amended from time to time;NOW, THEREFORE, BE IT RESOLVED BY the Mayor and Board of Aldelll1enof the City of Oxford, Mississippi, and upon Motion by Aldelll1an _______ andsecond by Aldelll1an ______ _that the City of Oxford hereby approves andauthorizes the following:I. Property shall be appraised before the initiation of negotiations andacquired through the appraisal process pursuant to statutory requirements,Iexcept in cases involving the acquisition of property where the valuationproblem is uncomplicated and the fair market value of the property is TenThousand Dollars ($10,000.00) or less, in compliance with 49 CFR § 102,in which such case the governing authority of the City of Oxford maydetenl1ine to waive such appraisal under the policy set forth herein;2. In cases involving the acquisition of property where the valuation problemis uncomplicated and the fair market value of the property is TenThousand Dollars ($10,000.00) Or less (or in such amount as may beI

324MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-226~~~~~~~~~··aanno6"WTeect-uhder subsequent amelldmenrsTo Miss. Code Ann. §43-37-3(5)and/or 49 CFR § 102), the requirement for a fonnal appraisal may bewaived, at the discretion of the goveming authority of the City of Oxford;3. In cases involving the acquisition of property where the valuation problemis uncomplicated and the fair market value of the propeI1y is TenIThousand Dollars ($) 0,000.00) or less, where the governing authority ofthe City of Oxford has detennined by official action to waive the appraisalprocess, a written valuation will be obtained from a person with sufficientunderstanding of the local real estate market to be qualified to make thewaiver valuation, and the services of such person shall be retained byofficial action of the governing authority of the City of Oxford. In thenormal case, such person shall be a local broker, real estate agent, orappraIser.4. In cases m which a "waiver valuation" as described above has beenobtained, the City shall nevertheless comply with all applicablerequirements for negotiation and purchase of such property, as may appl yIunder existing law to any such anticipated property acquisition.After full discussion of this matter, Alderman _________ moved thatthe foregoing Resolution be adopted and said motion was seconded by Alderman________, and upon the question being put to a vote, the vote was as follows:Alderman WilliamsAldemJan OliverAldennan AntonowI

325MINUTE BOOK No. 63, CITY OF OXFORDDEMENT·MERIDIAN 61·0226Alderman TaylorAldem1an MayoAldennan MorganIWHEREUPON, the foregoing Resolution was declared passed and adopted at aregular meeting of the Mayor and Board of Aldermen of the City of Oxford, Mississippi;on this, the 21 st day of August, 2012.GEORGE "PAT" P ATTERSON, MAYORATTEST:LISA CARWYLE, CITY CLERKII

326 8MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61·226IAPPRAISAL:PROFESSIONAL SERVICES:HORSE BARN LEASE:It was moved by Alderman Morgan, seconded byAlderman Bailey to determine to waive theappraisal process in favor of the process allowedunder the newly adopted policy, as to the proposedrental of a horse bam. All the aldermen voting aye,Mayor Patterson declared the motion carried.It was moved by Alderman HowelL seconded byAlderman Bailey to authorize the retention of DickMarchbanks to provide a letter of valuationpursuant to the policy allowing waiver of appraisals.All the aldermen voting aye, Mayor Pattersondeclared the motion carried.It was moved by Alderman Bailey, seconded byAlderman Antonow to authorize entry into lease,assuming valuation determining value of leaseequals or exceeds amount of consideration for thelease. All the aldermen voting aye, MayorPatterson declared the motion carried.III

327MINUTE B~Q~l\~~i\t~Y OF OXFORDDEMENT-MEAl DIAN_~ -0226ST A TE OF MISSISSIPPICOUNTY OF LAFAYETTETHIS LEASE AGREEMENT ("Lease") is made and entered into this day ofAugust, 2012, by and between Nancy Dabney ("Lessor"), and the City of Oxford, Mississippi("Lessee"), as described below:I1. The term of this Lease shall consist of a period of two (2) years, commencing on August24,2012, and ending on August 23, 2014, unless tenninated earlier, as provided in thisLease.2. The property included in this Lease (the "Premises") is described as follows:Five (5) stalls in the equine barn owned by Lessor and located at 3512 SouthLamar, Oxford, Mississippi 38655. Lessee shall also have reasonable use of thatcertain lot and pasture land surrounding the bam, as specifically designated byLessor and shown in the drawing attached hereto, for the feeding, grazing,training and exercising of Lessee's horses, at times to be determined at thediscretion of Lessee. Lessee shall further have reasonable use of the Premises forstorage of a trailer or trailers used for transporting its horses being boarded at thePremises. Lessee shall store such trailer or trailers in a manner on the Premises asdirected by Lessor.I3. Each stall shall be used for the boarding of one individual horse. Lessee will not make orpermit any use of the premises, or do or permit any act, including the keeping of anything, in orabout the premises, which directly or indirectly, will violate any law, ordinance or regulation; orviolate the terms of, or cause any increase in the rate under, any insurance policy covering orrelating to the Premises, except as particularly described herein.4. Lessor(s) agrees that she is solely responsible for retaining applicable policy(ies) for theinsurance of the Premises, and that the consideration paid hereunder is sufficient for her topurchase such insurance.5. Should Lessor deem it necessary to obtain medical attention for Lessee's horse(s) in thecase of accident, illness, injury, or in the course of normal veterinary or fanier care, or otherwise,and is unable to contact Lessee, Lessor is hereby authorized to utilize a veterinarian or farrier ofher choice to provided necessary veterinary services at the expense of Lessee.6. It is mutually agreed that Lessor shall not be responsible for the care and supervision ofLessee's horses, and Lessee agrees that all feeding, training, veterinary, medical, fanier, andother related expenses for the care of Lessee's horses are the sole responsibility of the Lessee.I

3287IVR~JJ!fio~&~J~Jjg5o~~es 9a!IY1'2~QR~s~J?ftl?e(s) tffftf'm"~don the Premises on any fonn of equine insurance and will not be responsible for any violation ofthe tem1S of a lapse of any policy carried by Lessee.8. Lessee agrees to pay to Lessor as rent for the Premises the sum of $250.00 per mon 1,prorated for any portion thereof, for boarding and pasture, on or before the tenth day of ea hmonth, commencing on September 10,2012 and continuing regularly and monthly thereafter nor before the first day of each month, for the term of this Lease as provided herein. As furth rconsideration for this Lease, Lessee shall, at Lessee' s expense, update the current st~Ilconfiguration in Lessor's bam to provide for five stalls of reasonable construction for use ~yLessee's horses during the tenn of the lease, and Lessee shall repair the tack and supply room foruse by Lessee. The parties anticipate that the cost of such repairs and improvements shall 1. eapproximately Two Thousand Five Hundred Dollars ($2,500.00). Such improvements sh IIremain upon the Premises after the tennination of the lease. ,I9. On the expiration or other termination of the term of this Lease, Lessee shali quit at I dsurrender to Lessor the Premises in as good, and as clean, order and condition as such were in ~tthe commencement of the term, with the exception of n0l111al wear and tear, and t eimprovements herein described.10. This agreement constitutes the entire agreement of the parties to this Lease aridsupersedes any prior understandings or written or oral agreement between the parties respecti~gthis subject matter. .IIN WITNESS OF THIS AGREEMENT, the undersigned execute this agreement as of t~eday and year first above written.ILESSOR:Nancy Dabney3512 South LamarOxford, Mississippi 38655LESSEE:City of OxfordBy: ------------------------II.... !,

9 329IBMXTRACK:MINUTE BOOK No. 63, CITY OF OXFORDDEMENT·MERIDIAN 61·0226TAXI LICENSE APPEAL:Rob Boyd came before the Mayor and Board of~--IAldermen to update them on the BMX Track. TheOPC Board is negotiating a contract with USABMX for operation of the track. He will bring thefinal contract back to the Board at a later date forapproval.Clayton Young came before the Mayor and Boardof Aldermen to ask to be approved as a TaxiCompany. Mike Martin did not recommend hisapproval because he recently plead guilty to amisdemeanor in Justice Court. There was nomotion made by the Board.IITAXI DRIVER:PROHIBITED PARKING:FIRE DEPARTMENTEMPLOYMENT AGE:PROMOTIONS:PROMOTIONS:EMPLOYMENT:It was moved by Alderman Howell, seconded byAlderman Taylor to authorize Delbert Simpson as ataxi driver. All the aldermen voting aye, MayorPatterson declared the motion carried.The Police Department came before the Mayor andBoard of Aldermen to discuss their safety concernswith vehicles parking and the large amount ofpeople on the streets when bars close. It was movedby Alderman Bailey, seconded by AldermanAntonow to all the closing of certain parking spaceson Van Buren and Jackson Avenue from 9:00 p.m.until 2:00 a.m. for public safety and to designatecertain areas for taxi's only. The vote was asfollows:Voting aye- Williams, Oliver, Antonow, Howell,Taylor and BaileyVoting no- MorganMayor Patterson declared the motion carried.This was the first reading of the proposed ordinancechange which would lower the employment age forthe Fire Department from twenty-one to eighteen.The public hearing will be at the next boardmeeting.It was moved by Alderman Williams, seconded byAlderman Bailey to authorize the promotion ofGary Atkinson, Chris Abernathy and LarryGillespie from Lieutenant to Junior Captain at$39,045.20. All the aldermen voting aye, MayorPatterson declared the motion carried.It was moved by Alderman Bailey, seconded byAlderman Antonow to authorize the promotion ofWesley Anderson, Braden Theobald, and EddieMounce from Firefighter/ROO to Junior Lieutenantat a salary of $36,560.42. All the aldermen votingaye, Mayor Patterson declared the motion carried.It was moved by Alderman Antonow, seconded byAlderman Taylor to authorize the employment of

330 10~~~~~-MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-226Jeffrey Taylor, Jamie Phillips and John Tramel asFirefighters with a salary 0[$30,145.00. All thealdermen voting aye, Mayor Patterson declared themotion carried.RESIGNATION:EXECUTIVE SESSION:REGULAR SESSION:PROMOTION:DISCIPLINARY ACTION:ADJOURN:It was moved by Alderman Williams, seconded byAlderman Taylor to accept the resignation ofEdward Schultz as dispatcher with OPD. All thealdermen voting aye, Mayor Patterson declared themotion carried.It was moved by Alderman Howell, seconded byAlderman Antonow to consider executive sessionfor two personnel issues and two property issues.All the aldermen present voting aye, MayorPatterson declared the motion carried.It was moved by Alderman Howell, seconded byAlderman Williams to go into executive session.All the aldermen present voting aye, MayorPatterson declared the motion carried.It was moved by Alderman Howell, seconded byAlderman Williams to come out of executivesession and return to regular session. All thealdermen present voting aye, Mayor Pattersondeclared the motion carried.It was moved by Alderman Antonuw, secunded byAlderman Bailey to authorize the promotion of JohnLevy to Assistant Chief in the Fire Department. Allthe aldermen present voting aye, Mayor Pattersondeclared the motion carried.It was moved by Alderman Howell, seconded byAlderman Williams to suspend an employee in thePolice Department for two days without pay. Allthe aldermen present voting aye, Mayor Pattersondeclared the motion carried.It was moved by Alderman Bailey, seconded byAlderman Williams to adjourn the meeting sine-die.All the aldermen present voting aye, MayorPatterson declared the motion carried.IIGeorge G. Patterson, MayorLisa Carwyle, City ClerkI

1 331MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61·0226UNITED STATES OF AMERICASTATE OF MISSISSIPPIICOUNTY OF LAFAYETTECITY OF OXFORDREGULAR MEETINGSeptember 4, 20126:00 p.m.CALL TO ORDER:The meeting of the Mayor and Board of Aldermenof the City of Oxford, Mississippi, was called toorder by Mayor Patterson at 6:00 p.m. on Tuesday,September 4, 2012, in the court room of City Hallwhen and where the following were present:George G. Patterson - MayorNey Williams- Alderman Ward IE.O. Oliver- Alderman Ward IIJanice Antonow- Alderman Ward IIIUlysses Howell- absentPreston Taylor- Alderman Ward VJason Bailey- Alderman Ward VIJohn Morgan- Alderman at LargeIMayo Mallette PLLC - Of CounselBart Robinson- Director of Public WorksLisa Carwyle- City ClerkTim Akers - Dir of PlanningRob Neely - Supt. of Electric Dept.Mike Martin- Chief Oxford Police DeptCary Sallis- Chief of Fire DeptEddie Anderson- Dir. of SanitationAl Hope- Dir of Human ResourcesRob Boyd- Dir of Parks & RecJimmy Allgood- Emergency Mang. DirectorRandy Barber- Director of BuildingBilly Lamb- Supt. of Bldg & GroundsAGENDA:It was moved by Alderman Williams, seconded byAlderman Bailey to adopt the agenda for themeeting. All the aldermen present voting aye,Mayor Patterson declared the motion carried.MAYOR'S REPORT:IWell to say that we had an active weekend would be an understatement. We have apretty long agenda, but I want to make two main points.First regards the weather. Jimmy Allgood told me we had between 4 to 6 inches of rainearly Monday morning. There were a number of water issues around town and we areworking on them on a priority bases. A major problem with one of our largest sewerlines has slowed us down. Its failure was probably weather related, but it has to take toppriority. Bart will report more fully in a little bit. We will never be able to perfectlyhandle that much rain in that short a period of time, but we are making progress. Theproblem at Notting Hill certainly was not as bad and efforts seem to be effective. I wantto thank many on the staff who gave up their holiday to come back in and help everyone.Secondly, we have all noticed a spike in vandalism, thefts, fights and destruction ofprivate property around the Square this semester. I met with both Chiefs this morning

332 2MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61 -226and I'm letting those involved know-student and non-student alike that we are about tocrack down. We do not want you in a vehicle drinking and driving, we have stated thatmany times, but we will not tolerate the activity that seems to have exploded thissemester. If we can't catch your attention with pleas and fines, jail time is about to beinvolved. You have been warned.MINUTES:ACCOUNTS:SCHOOL DISTRICTBUILDING PERMITS:PLANNING COMMISSION:PLANNING COMMISSION:PLANNING COMMISSION:PLANNING COMMISSION:It was moved by Alderman Antonow, seconded byAlderman Morgan to adopt the minutes of theregular meeting on August 21, 2012. All thealdermen present voting aye, Mayor Pattersondeclared the motion carried.It was moved by Alderman Oliver, seconded byAlderman Bailey to approve the payment of allaccounts for the City. All the aldermen presentvoting aye, Mayor Patterson declared the motioncarried.Brian Harvey, Superintendent for Oxford SchoolDistrict, came before the Mayor and Board ofAldermen to ask for a waiver of all building permitfees associated with the new high school. RandyBarber discussed with the Board that the buildingpermit fee was $59,765.00 and the remainingpennits for electrical, mechanical, plumbing, gas,and fire inspection would be between $25,000.00and $40,000.00.It was moved by Alderman Morgan, seconded byAlderman Bailey to authorize the BuildingDepartment to waive all fees up to $80,000.00 forthe construction of the new high school. All thealdermen present voting aye, Mayor Pattersondeclared the motion carried.It was moved by Alderman Bailey, seconded byAlderman Antonow to authorize the appointment ofMichael Harmon as Chairman of the PlarrningCommission. All the aldermen present voting aye,Mayor Patterson declared the motion carried.It was moved by Alderman Morgan, seconded byAlderman Antonow to authorize the reappointmentof Gloria Kellum and John R. Bradley to thePlarrning Commission. All the aldermen votingaye, Mayor Patterson declared the motion carried.It was moved by Alderman Williams, seconded byAlderman Antonow to appoint DarrayialWhittington to the Planning Commission. All thealdermen voting aye, Mayor Patterson declared themotion carried.Mayor Patterson annonnced a vacancy on thePlarrning Commission, Carter Myers has resignedfrom the Plarrning Commission.III

3333MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0226IIIDOWNTOWN PARKINGORDINANCE AMENDMENT:RECYCLING CENTER:EMERGENCY WORK:ORDINANCE 2012-5:ORDINANCE 2012-6:V ACUUM TRUCK:This was the public hearing of the proposed changesto Section 102 Article XVII Stopping, Standing,Restricted or Prohibited on Certain Streets of theCode of Ordinances. Members of the ParkingCommission discussed the proposed changes to theboard and the public. Alderman Antonow askedabout changing the time for enforcement fromending at 8:00 p.m. to possibly ending at 7:00 p.m.The Commission is meeting Friday and they willdiscuss the possibility at their meeting. Someonefrom the audience questioned whether the parkingwould be enforced on Saturday. The ordinancecurrently allows enforcement on Saturday and itwould remain the same. The final reading and votewill be at the next board meeting.It was moved by Alderman Oliver, seconded byAlderman Antonow to authorize agreement of workservice at Recycling Center from North MississippiRegional Center clients in the amount of$28,000.00. All the aldermen voting aye, MayorPatterson declared the motion carried.Bart Robinson reported to the board on the repairsto a main sewer trunk line on Frontage Road. ThePublic Works department is working hard to get thenecessary repairs done to the line and then rebuildthe road. He expects it to take approximately oneweek to finish the project.It was moved by Alderman Antonow, seconded byAlderman Bailey to adopt Ordinance 2012-, "ANORDINANCE ADDING CHAPTER 98, ARTICLE7, OF THE CODE OF ORDINANCES OF THECITY OF OXFORD, MISSISSIPPI STREET,TRENCHING AND RIGHT-OF-WAYMANAGEMENT ORDINANCE". Said Ordinanceis recorded in Book 7 of the Code of Ordinances.All the aldermen present voting aye, MayorPatterson declared the motion carried.It was moved by Alderman Morgan, seconded byAlderman Bailey to adopt Ordinance 2012-6 "ANORDINANCE ADDING CHAPTER 114,ARTICLE 7, OF THE CODE OF ORDINANCESOF THE CITY OF OXFORD, MISSISSIPPISTREET, TELECOMMUNICATIONS PERMITORDINANCE." Said Ordinance is recorded inBook 7 of the Code of Ordinances. All thealdermen present voting aye, Mayor Pattersondeclared the motion carried.It was moved by Alderman Antonow, seconded byAlderman Oliver to authorize permission toadvertise for a vacuum truck. All the aldermenvoting aye, Mayor Patterson declared the motioncarried.

~I3344MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61 -226UTILITY LOCATORTRAINING:ANNUAL BIDS:INDOOR PRACTICEFACILITY:STORMW ATER DETENTIONAT AVENT PARK:SOLID WASTE ASSISTANCEGRANT:KEEP MS BEAUTIFUL:KEEP MS/ AL BEAUTIFUL:CERTIFIED POWEREXECUTIVE COURSES:It was moved by Alderman Williams, seconded byAlderman Bailey to authorize permission foremployee to attend the Mississippi Summit, Utilitylocator training in Tunica, MS with a cost of$855.00. All the aldermen voting aye, MayorPatterson declared the motion carried.It was moved by Alderman Oliver, seconded byAlderman Bailey to accept the bids for annualmaterials and supplies in the Public WorksDepartment. All the aldermen voting aye, MayorPatterson declared the motion carried.It was moved by Alderman Morgan, seconded byAlderman Bailey to authorize permission toadvertise for shell for Indoor Practice Facility atFNC. All the aldermen voting aye, Mayor Pattersondeclared the motion carried.It was moved by Alderman Williams, seconded byAlderman Taylor to authorize advertisement forstorm water detention at Avent Park. All thealdermen voting aye, Mayor Patterson declared themotion carried.It was moved by Alderman Morgan, seconded byAlderman Antonow to authorize application for aSolid Waste Assistance Grant from MS Departmentof Environmental Quality in the amonnt of$25,000.00 for roll off recycling bins. All thealdermen voting aye, Mayor Patterson declared themotion carried.It was moved by Alderman Antonow, seconded byAlderman Bailey to accept the donation of $500.00from Keep Mississippi Beautiful. All the aldermenvoting aye, Mayor Patterson declared the motioncarried.It was moved by Alderman Antonow, seconded byAlderman Bailey to authorize permission for anemployee to travel to Keep ALiMS Beautifulannual conference in Montgomery, AL to be paidby Keep MS Beautiful contribution. All thealdermen voting aye, Mayor Patterson declared themotion carried.It was moved by Alderman Bailey, seconded byAlderman Williams to authorize permission forSuperintendent to attend Certified Power ExecutiveCourses in Nashville, TN on September 25-26,2012 in the amonnt of $1 ,462.00. All the aldermenvoting aye, Mayor Patterson declared the motioncarried.III

5 335MINUTE BOOK No. 63, CITY OF OXFORDDEMENT·MERIDIAN 61-0226IMS WIRELESSCOMMUNICA TIONSCOMMISSION:2012-2013 BUDGET:It was moved by Alderman Antonow, seconded byAlderman Taylor to authorize Mayor Patterson tosign MOU with MS Wireless CommunicationsCommission. All the aldermen voting aye, MayorPatterson declared the motion carried.This was the public hearing on the proposed 2012-2013 budget. Lisa Carwyle, City Clerk, presentedthe following graphs. There was no comment fromthe public.II

l ,~~0\"""II1II$515,000.00,2%REVENUES2013 Revenues$1,481,670.00,7%• Ad Valorem Tax• Other taxes;II licenses & Permits• Sales Tax• Other Intergovernmental RevenuesfI Governmental Services;a Fines & Forfeits,I MiscellaneousInterfund Transferss::- ZC-ImIIIo!O'"!IZo.0')eN.(")- ~o."o>

",t'-­!'f')!'f')ca::: I'01U.>

~- --EXPENSESGeneral Fund 2013Capital Outlay11%Other Serv & Chrg18%m Persona! Services• Supplieso Other Serv & Chrgo Capital OutlayQCI~~

...,Q\~~ca:oLL>~-(.)~('t)(0•oz~omw~::JZ-:E35.0030.0025.0020.0015.0010.005.000.00,/I'V r---... .....Mill Rate.....'-./ ",-1995199619971998199920002001200220032004200520062007200820092010201120122013- - -

~-- -----CITY & SCHOOL MILL RATEca:oL1.XoL1.o>1I-011~ I('I)cociz~oCDWI­::lZ- ~City Schools, 54.48,68%Mill Rate ComparisonLibrary, 1.02, 1%mCity General Fund• Libraryo City Bond & Into City SchoolsQ~~

6341MINUTE BOOK No. 63, CITY OF OXFORDDEMENT MERI~IIISQUARE BOOKS:RESERVE OFFICERS:TAXI DRIVER PERMITS:TAXI COMPANY:TRAINING:PUBLIC HEARING:TITLE VI CERTIFICATION:EMPLOYMENT:RESIGNATION:ADVERTISEMENT:It was moved by Aldennan Taylor, seconded byAlderman Antonow to authorize two police officersto provide security for Square Books' CarolineKennedy's book signing. All expenses will be paidby Square Books. All the aldennen present votingaye, Mayor Patterson declared the motion carried.It was moved by Alderman Morgan, seconded byAlderman Bailey to approve Shawn Doyle, JerrickWilson and Michael Ingram as reserve officers.All the aldennen voting aye, Mayor Pattersondeclared the motion carried.It was moved by Alderman Morgan, seconded byAlderman Antonow to approve Mark Mooneyham,Jeoffrey Gordon and Rebecca Long as taxi drivers.All the aldermen voting aye, Mayor Pattersondeclared the motion carried.It was moved by Alderman Williams, seconded byAldennan Bailey to approve Ghost Taxi as a taxicompany. Stewart Vaughn is the owner. All thealdennen voting aye, Mayor Patterson declared themotion carried.It was moved by Alderman Antonow, seconded byAlderman Bailey to approve two officers to attendtraining at ICC-Belden at a cost of$180.00. All thealdermen voting aye, Mayor Patterson declared themotion carried.This was the public hearing for the proposedordinance change which would lower the age ofemployment for firefighters from twenty-one toeighteen. There was no comment from the public.The final reading and vote will be at the next boardmeeting.It was moved by Aldennan Williams, seconded byAlderman Antonow to authorize Mayor to signAnnual Title VI Certification of No-ChangeAffidavit. All the aldennen voting aye, MayorPatterson declared the motion carried.It was moved by Aldennan Bailey, seconded byAldennan Oliver to authorize employment of KyleConner as a firefighter with an annual salary of$30,145.00. All the aldennen voting aye, MayorPatterson declared the motion carried.It was moved by Alderman Williams, seconded byAlderman Taylor to accept the resignation of BethRaspberry in the Police Department. All thealdennen voting aye, Mayor Patterson declared themotion carried.It was moved by Aldennan Antonow, seconded byAlderman Bailey to authorize the advertisement forAdministrative Assistant to the Chief of Police. AllII

342 7I~~~~~~-IEMPLOYMENT:MINUTE BOOK No. 63, CITY OF OXFORDDEMENT'MERIDIAN 61·226the aldermen voting aye, Mayor Patterson declaredthe motion carried.It was moved by Alderman Bailey, seconded byAlderman Williams to authorize employment offive officers in the Police Department. BrittanyGilleylen, Scott Denton, and Shane Fortner asPatrol Officers with a salary of $31 ,328.89. RyanWinters with a salary of $37,408.34 and DonovanLyons with a salary of $43,366.5 I. All thealdermen voting aye, Mayor Patterson declared themotion carried.~--i1IITRANSFER:RESIGNATION:ADVERTISEMENT:EXECUTIVE SESSION:REGULAR SESSION:CONTRACT:RECESS:It was moved by Alderman Morgan, seconded byAlderman Bailey to approve the transfer of PeytonRobinson from apprentice lineman to servicemanwith a salary of $40,877.00. All the aldermenvoting aye, Mayor Patterson declared the motioncarried.It was moved by Alderman Morgan, seconded byAlderman Bailey to accept the resignation ofDerrick Millner in the Electric Department. All thealdermen voting aye, Mayor Patterson declared themotion carried.1 t was moved by Alderman Antonow, seconded byAlderman Williams to authorize the advertisementfor an apprentice lineman in the ElectricDepartment. All the aldermen voting aye, MayorPatterson declared the motion carried.It was moved by Alderman Morgan, seconded byAlderman Bailey to consider executive session forone personnel issue and three potential Ii tigationissues. All the aldermen present voting aye, MayorPatterson declared the motion carried.It was moved by Alderman Morgan, seconded byAlderman Antonow to go into executive session.All the aldermen present voting aye, MayorPatterson declared the motion carried.It was moved by Alderman Antonow, seconded byAlderman Oliver to come out of executive sessionand return to regular session. All the aldermenpresent voting aye, Mayor Patterson declared themotion carried.It was moved by Alderman Antonow, seconded byAlderman Morgan to accept the contract with Belkproperty as presented by counsel with a change to4.1 paragraph to reflect parking licenses instead ofan easement and a change to include the BlueMarlin building be demolished completely. All thealdermen present voting aye, Mayor Pattersondeclared the motion carried.It was moved by Alderman Bailey, seconded byAlderman Antonow to recess the meeting untilII

1343UNITED STAlMWUillmzBDOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0226STATE OF MISSISSIPPICOUNTY OF LAF A YETTECITY OF OXFORDIIRECESSED MEETINGCALL TO ORDER:AGENDA:GENERAL OBLIGATIONBONDS:September 11, 20124:00 p.m.Pursuant to the order of September 4, 2012 the Mayor andBoard of Aldermen did meet at 4:00 p.m. on Tuesday,September 11, 2012 in the conference room of the OxfordCity Hall when and where the following were present:George "Pat" Patterson - MayorNey Williams- Alderman Ward IE.O. Oliver- Alderman Ward II - absentJanice Antonow- Alderman Ward IIIUlyssess Howell- Alderman Ward IVPreston Taylor - Alderman Ward VJason Bailey- Alderman Ward VIJohn Morgan- Alderman At LargeBart Robinson-Chief Operations OfficerLisa Carwyle- City ClerkAl Hope - Director of Human ResourcesIt was moved by Alderman Morgan, seconded byAlderman Howell to adopt the agenda for the meeting. Allthe aldermen voting aye, Mayor Patterson declared themotion carried.It was moved by Alderman Antonow, seconded byAlderman Bailey to adopt the following resolution for bidsfor the $5,500,000.00 General Obligation Bonds. All thealdermen present voting aye, Mayor Patterson declared themotion carried.I

344~.I.. ~!~MI~n §~o9s!s:J~!g·th~~t~IJXe QEnQ?5r~eQBqliga~Irffl't\!ffim'tif'the City of Oxford, Mississippi and, after a discussion of the subject matter, AldermanI: -------- offered and moved the adoption of the following resolution:RESOLUTION AWARDING THE SALE OF FIVE MILLION FIVEHUNDRED THOUSAND DOLLARS ($5,500,000) CITY OF OXFORD,MISSISSIPPI GENERAL OBLIGATION BONDS (CAPITALIMPROVEMENTS ISSUE), SERIES 2012; DIRECTING THE ISSUANCEOF SAID BONDS; PRESCRIBING THE FORM AND DETAILS OF SAIDBONDS; PROVIDING CERTAIN COVENANTS OF THE CITY OFOXFORD, MISSISSIPPI IN CONNECTION WITH SAID BONDS;DIRECTING THE PREPARATION, EXECUTION AND DELIVERYTHEREOF; AUTHORIZING THE PREPARATION AND DISTRIBUTIONOF A FINAL OFFICIAL STATEMENT IN CONNECTION WITH SAIDBONDS; PROVIDING FOR THE LEVY OF TAXES FOR THE PAYMENTTHEREOF; AND FOR RELATED PURPOSES.IWHEREAS, the Mayor and Board of Aldermen of the City of Oxford, Mississippi (the,1"Governing Body"), acting for and on behalf of the City of Oxford, Mississippi (the "City") isl'authorized by Sections 21-33-301 et seq, Mississippi Code of 1972, as amended (the "Act") toissue bonds for the purposes set forth therein, including, but not limited to, (a) erecting municipal'buildings and athletic stadiums, preparing and equipping athletic fields, and purchasing buildingsor land therefor, and for repairing, improving, adorning and equipping the same; (b),constructing, improving or paving streets, sidewalks, driveways, parkways, walkways or publicparking facilities, and purchasing land therefor; (c) purchasing land for parks and publicplaygrounds, and improving, equipping and adorning the same, including the constructing,:repairing and equipping of recreational facilities; and (d) purchasing fire-fighting equipment and lapparatus, and providing housing for same and purchasing land therefor; andWHEREAS, Governing Body adopted a resolution on July 17, 2012 (the "IntentResolution"), declaring its intention to issue general obligation bonds of the City (the "Bonds")in the aggregate principal amount of not to exceed Five Million Five Hundred Thousand Dollars i($5,500,000) in accordance with the Act to raise money for the purposes of (a) erecting Imunicipal buildings and athletic stadiums, preparing and equipping athletic fields, and Ipurchasing buildings or land therefor, and for repairing, improving, adorning and equipping the Isame. (b) constructing. improving or paving streets, sidewalks, driveways, parkways, walkwayslor public parking facilities, and purchasing land therefor. (c) purchasing land for parks and:public playgrounds, and improving, equipping and adorning the same, including theconstructing. repairing and equipping of recreational facilities, and (d) purchasing fIre-fightingequipment and apparatus, providing housing for same and purchasing land therefor (the·"Project"): andIIWHEREAS, as required by the Intent Resolution and Section 21-33-307 of the Act, alNotice of Resolution Evidencing Intent to Issue General Obligation Bonds of the City of Oxford,'Mississippi (the "Notice of Resolution") was published in The (}xjiJ/'d Eagle, a newspaperpublished in and having a general circulation in the City and qualified under the provisions oflSection 13-3-31, Mississippi Code of 1972, as amended, on on July 26 and August 2,9. and 16,I

3452012, said publMlN Y'1(E'~o~ 6afcCtTYe£)J;,i(j)XliQljiDicat~PJM)tERID"N"0226. ..2012, and the last publication being made not more than seven (7) days prior to such date; andWHEREAS, as of the hour of 6:00 p.m. on August 21, 2012, no qualified elector of theCity had filed a written protest or objection of any kind or character against the issuance of saidbonds with the City Clerk of the City (the "Clerk") or any member of the Governing Body; andIWHEREAS, at the hour of 6:00 p.m. on August 21, 2012, at the usual meeting place ofthe Governing Body, in the City Hall located at 107 Courthouse Square in the City, all personspresent or represented by counselor otherwise were given the opportunity to be heardconcerning the issuance of said bonds and the purposes for which said bonds will be issued andno protest or objection of any kind or character against the issuance of said bonds or the purposesfor which they are to be issued was presented; andWHEREAS, on August 21, 2012, the Governing Body adopted a resolution finding anddetermining that the Notice of Resolution was duly published as required by law and that nowritten protest or other objection of any kind or character against the issuance of said bonds wastiled by qualified electors of the City and authorizing and approving the issuance of said bonds toraise money for the Project, all in accordance with the Act; andWHEREAS, on August 21, 2012, the Governing Body adopted a resolution (the "SaleResolution") authorizing the issuance of $5,500,000 City of Oxford Mississippi GeneralObligation Bonds (Capital Improvements Issue), Series 2012 (the "Bonds"), approving the formof and authorizing the publication of a Notice of Bond Sale (the "Notice of Sale") in connectionwith the Bonds and approving the form of and authorizing the distribution of a PreliminaryOfficial Statement (the "Preliminary Official Statement") in connection with the Bonds and atinal Official Statement (the "Official Statement") relating thereto; andIWHEREAS, pursuant to the direction of the Sale Resolution, the Notice of Sale waspublished in The Oxford Eagle, a newspaper published in and having a general circulation in theCity and qualified under the provisions of Section 13-3-31, Mississippi Code of 1972, asamended, on August 30, 2012 and September 6,2012, in the form attached hereto as Exhibit Aand made a part hereof; andWHEREAS, at or prior to the hour of 4:00 o'clock p.m., Mississippi time, on this 11 thday of September, 2012, there were filed with the Clerk, acting for and on behalf of theGoverning Body L-.-J sealed bids for the purchase of all of the Bonds as follows:NameNet InterestCost Rate2I

346and a c1~U~Val~oliiR9v~ ~qlim6Q~~~11'k£1~1l2~fsa2t~!?lars (~t~~e.. as evidence of the good faith of each bidder accompanied each of said bids; and IWHEREAS, copies of each of said bids are attached hereto as Exhibit B and made a part:hereof; andWHEREAS, the Governing Body has read and considered each of said bids at length anddetermined that said bids are in accordance with the terms and provisions of the Notice of Sale;andWHEREAS, the Governing Body directed Government Consultants, Inc. (the "FinancialAdvisor") to verify which bid produced the lowest net interest cost rate (as defined in the Notice!Iof Sale) for the Bonds; andIIIWHEREAS, the bid of(the "Purchaser") produces the lowest netl'interest cost rate for the Bonds and said bid computes to a net interest rate of%; andWHEREAS, Baker, Donelson, Bearman, Caldwell & Berkowitz, PC ("Bond Counsel")has examined the bid of the Purchaser and declared it to be in legal form and in accordance with,the terms and provisions of the Notice of Sale: andIWHEREAS, it is the opinion of the Governing Body that the best interest of the City willbe served by the acceptance of the aforesaid bid of the Purchaser; andIWHEREAS, the issuance of the Bonds for the purpose of raising money to finance theProject will result in a substantial public benefit to the citizens of the City; andWHEREAS, it has now become necessary that the Governing Body proceed to make iprovision for the preparation, execution, issuance and delivery of the Bonds.INOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND BOARD OFALDERMEN OF THE CITY OF OXFORD, MISSISSIPPI, ACTING FOR AND ONBEHALF OF SAID CITY, AS FOLLOWS:SECTION 1. The bid of the Purchaser is hereby declared to be the best responsible bidand the one offering to purchase the City's $5,500,000 General Obligation Bonds (CapitalImprovements Issue), Series 2012 at such price and such rates of interest as will produce the10\Vest net interest cost rate for the City.ISECTION 2. The bid of the Purchaser be and the same is hereby accepted, subject to theconditions of the Notice of Sale. and in accordance with said bid the Bonds shall bear interest atthe following rates: . I3I

.,347IIMIN" _ ERIDIAN61-0226Year Amount Coupon Year Amount Coupon2013 $305,000 2021 $375,0002014 315,000 2022 385,0002015 320,000 2023 395,0002016 330,000 2024 400,0002017 340,000 2025 410,0002018 345,000 2026 425,0002019 355,000 2027 435,0002020 365,000The Mayor of the City (the "Mayor") and the Clerk are hereby empowered and directedto accept said bid in the manner provided in the bid, and the good faith check received with saidbid, in the sum of One Hundred Ten Thousand Dollars ($110,000.00), shall be collected,deposited and invested by the City in accordance with the terms of the Notice of Sale, and shallbe applied in part payment for the Bonds or to secure the City from any loss resulting from thefailure of the Purchaser to comply with the terms of its bid. All other good faith checks shall bereturned to the respective unsuccessful bidders by the Clerk.SECTION 3. Proceeding under the authority of the Act, there shall be and there arehereby authorized and directed to be issued General Obligation Bonds (Capital ImprovementsIssue), Series 2012 of the City in the aggregate principal amount of Five Million Five HundredThousand Dollars ($5,500,000). In consideration of the purchase and acceptance of any and allof the Bonds by the registered owners thereof, this resolution shall constitute a contract betweenthe City and the registered owners trom time to time of the Bonds. The pledge made herein andthe covenants and agreements herein set forth to be performed on behalf of the City shall be forthe equal benefit, protection and security of the registered owners of any and all of the Bonds, allof which, regardless of the time or times of their authentication and delivery or maturity, shall beof equal rank without preference, priority or distinction. Pursuant to the Act, the Bonds shall begeneral obligations of the City, and the full faith, credit and taxing power of the City are herebyirrevocably pledged for the payment of the principal of and interest on the Bonds. For thepurposes of effectuating and providing for the payment of the principal of and interest on theBonds, as the same shall respectively mature and accrue, there shall be, and is hereby, levied tothe extent necessary therefore a direct, continuing special tax upon all of the taxable propertywithin the geographical limits of the City, adequate and sufficient, after allowance shall havebeen made for the expenses of collection and delinquencies in the payment of taxes, to producesums required for the payment ofthe principal of and the interest on the Bonds. Said tax shall beextended upon the tax rolls and collected in the same manner and at the same time as other taxesof the City are collected, and the rate of tax which shall be so extended shall be sufficient in eachyear fully to produce the sums required as aforesaid, without limitation as to rate or amount. Theavails of said tax are hereby irrevocably pledged for the payment of the principal of and intereston the Bonds as the same shall respectively mature and accrue. Should there be a failure in anyyear to comply with the requirements of this Section 3, such failure shall not impair the right ofthe registered owners of any of the Bonds in any subsequent year to have adequate taxes leviedand collected to meet the obligations of the Bonds, both as to principal and interest.4I

I,348M!N\blli. Ii\~n~ ~a~be6~tectG!IXh9f 7g~~9~e~ imef~TMfm~m. date at the rates per annum set forth in Section 2 above (computed on the basis of a three!hundred sixty (360) day year of twelve (12). thirty (30) day months). payable on September Iiand March 1 of each year, commencing September 1,2013; and shall mature on September 1 inthe years and in the principal amounts set forth in Section 2 above.,SECTION 5. The Bonds shall be issued as fully registered bonds in the denomination Iof $5,000 or any integral multiple thereof and shall be numbered from R-I upwards withou:regard to maturity.,SECTION 6. The Bonds maturing September 1,2021 and thereafter will be subject t 'redemption prior to their respective maturities, at the option of the City, on and after Septembe~1. 2020, either in whole on any date, or in part on any interest payment date, as selected by theCity among maturities, and by lot within each maturity. at the principal amount thereof, togetherwith accrued interest to the date fixed for redemption and without premiwll.INotice of each such redemption shall be mailed, postage prepaid, not less than thirty (30}days prior to the redemption date, to all registered owners of the Bonds to be redeemed at theirladdresses as they appear on the registration books of the City kept by the Paying and TransfenAgent (as hereinafter defined).IOn the date designated for redemption, notice having been mailed to the registere~owners of the Bonds to be redeemed as provided in the second paragraph of this Section 6, andlmonies sufficient for the payment of the redemption price of said Bonds being held by th9Paying and Transfer Agent or an escrow agent, the Bonds so called for redemption shall becom,due and payable at the redemption price provided for the redemption of such Bonds on such date"interest on such Bonds shall cease to accrue, such Bonds shall cease to be entitled to any lien,!benefit or security under this resolution and shall no longer be deemed to be outstandinghereunder, and the registered owners shall have no rights in respect thereof except to receivepayment of the redemption price thereof (including interest accrued to such redemption date)from the funds held for that purpose.SECTION 7. (a) Notwithstanding anything to the contrary in this resolution, so long asthe Bonds are being held under a book-entry system, transfers of beneficial ownership of theBonds will be affected pursuant to rules and procedures established by the Securities Depository.F or the purposes of this resolution, "Securities Depository" shall mean a recognized securitiesdepository (or its successor or substitute) selected by the City to act as the securities depositoryl,maintaining a book-entry transfer system for the Bonds.II(b) As long as a book-entry system is in effect for the Bonds, the Securities,Depository Nominee will be recognized as the registered owner of the Bonds for the purposes of(1) paying the principal of or interest on such Bonds, (2) giving any notice permitted or requiredto be given to registered owners under this resolution, (3) registering the transfer of such Bonds,'and (4) requesting any consent or other action to be taken by the registered owners of suchBonds, and for all other purposes whatsoever, and neither the City nor the Paying and Transfe~Agent (as hereinafter defined) shall be affected by anv-notice to the contrary. For the purposes',5I.... i

349of this reso luti

350Bonds .. MI~Y;r~d~y~9~JJn~e~i1s~~dk~Jt!'{yQ(g~af9n~Qith ~"1WM6principal of and interest on Bonds and notices shall be made and given, respectively, to DTe. I(!) As long as the book-entry-only system is used for the Bo~ds, au.y notice orlredemptIOn or any other notIces reqUIred to be gIven to regIstered owners WIll be gIven only tol,DTC. Any failure of DTC to advise any DTC Participant, or of any DTC Participant to notify Iany Indirect Participant, or of any DIC Participant or Indirect Participant to notify anyBeneficial Owner, of anv such notice and its content or effect will not affect the validitv of theredemption of the Bond~ called for redemption or of any other action premised on such notice.!Conveyance of notices and other communications by DIC to DTC Participants, by DTCParticipants to Indirect Participants and by DTC Participants and Indirect Participants toBeneficial Owners will be governed by arrangements among them, subject to any statutory and!regulatory requirements as may be in effect from time to time. Beneficial Owners may desire tomake arrangements with a DTC Participant or Indirect Participant so that all notices of.redemption or other communications to DIC which affect such Beneficial Owners will beforwarded in wTiting by such DTC Participant or Indirect Participant.ISECTION 8, The principal of the Bonds shall be payable in lawti.11 money of the United iStates of America upon presentation and surrender thereof as the same shall become due at a Ibank or trust company located within or without the State to serve as paying agent, transfer agent;and registrar of the Bonds (the "Paying and Transfer Agent"). Subject to the provisions 0Section 7 hereof, interest will be payable by check or draft drawn upon the Paying and TransferAgent, made payable to the registered owner named in, and mailed to the address of theregistered owner as it shall appear on the registration books of the City for the Bonds as of theclose of business on the date which shall be the fifteenth (15th) day (whether or not a businessday) of the calendar month next preceding each interest payment date, which registration booksshall be held by the Paying and Transfer Agent.SECTION 9. Pursuant to the authority granted by the Act and the Registered Bond Act, 'being Section 31-21-1 et seq., Mississippi Code of 1972, as amended (the "Registered Bond IAct"), the Bonds shall be executed by the manual or facsimile signature of the Mayor and theofficial seal of the City shall be affixed or lithographed or otherwise reproduced thereon, attested:by the Clerk, and the Bonds shall be authenticated by the Paying and Transfer Agent. ThePaying and Transfer Agent shall authenticate each Bond by executing the Paying and TransferAgent's Certificate thereon and no Bond shall be valid or become obligatory for any purposeuntil such certificate shall have been duly executed by the Paying and Transfer Agent. Such!certificate, when duly executed on behalf of the City, shall be conclusive evidence that the Bondso authenticated has been duly authenticated and delivered. The validation certificate, for whichprovision is hereinafter made, to appear on each Bond, shall be executed by the Clerk, and thesaid certificate may be executed by the manual or facsimile signature of the Clerk. The Bondsshall be delivered to the Purchaser upon payment of the purchase price therefore in accordance,with the terms and conditions of their sale and award, together with a complete certifiedtranscript of the proceedings had and done in the matter of the authorization, sale, issuance andvalidation of the Bonds, and the final, unqual ified approving opinion of Bond Counsel. Prior toor simultaneously with the delivery by the Paying and Transfer Agent of any of the Bonds, the!City shall file with the Paying and Transfer Agent: (al a copy, certified by the Clerk, of the'7II

--,351transcript of pf(MJNU,);E!lSOOKnNQdP3,cc!l~n~ QXJnQliU;)on, D~~MERID"N"-"26- - -D,signed by the Mayor, to authenticate and deliver the Bonds to the Purchaser. At delivery, thePaying and Transfer Agent shall authenticate the Bonds and deliver them to the Purchaser uponpayment of the purchase price of the Bonds to the City_IIf the Bonds are no longer being held under a book-entry system as provided in Section 7hereof, certificates, blank as to denomination, rate of interest, date of maturity and CUSIPnumber and sufficient in quantity in the judgment of the City to meet the reasonable transfer andreissuance needs on the Bonds, shall be printed and delivered to the Paying and Transfer Agent,and held by the Paying and Transfer Agent until needed for transfer or reissuance, whereupon thePaying and Transfer Agent shall imprint the appropriate information as to denomination, rate ofinterest, date of maturity and CUSIP number prior to the registration, authentication and deliverythereof to the transferee holder. The Paying and Transfer Agent is hereby authorized upon theapproval of the Governing Body to have printed from time to time as necessary additionalcertificates bearing the facsimile seal of the City and facsimile signatures of the persons whowere the officials of the Governing Body as of the date of original issue of the Bonds. When theBonds shall have been validated and executed as herein provided, they shall be registered as anobligation of the City in a book maintained for that purpose, and the Clerk shall cause to beimprinted upon each of the Bonds, over her manual or facsimile signature and manual orfacsimile seal, her certificate in substantially the form set out in Section 10.SECTION 10. The Bonds of this issue, the certificates to appear thereon and the Payingand Transfer Agent's Certificate shall be in substantially the following forms:I8I

352NiINUTE BOOK N@m~io9!~DPF OXFORD~D_EMENTMERID"No;,,,UNLESS THIS CERTIFICA TE IS PRESENTED BY AN AUTHORIZEDREPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORKCORPORATION ("DTC"), TO THE PAYING AND TRANSFER AGENT FORREGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANYCERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO .. OR IN iSUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE!OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHERENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC),ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OROTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE.REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.INumber R- ---$_----UNITED STATES OF AMERICASTATE OF MISSISSIPPICITY OF OXFORD, MISSISSIPPIGENERAL OBLIGATION BONDS(CAPITAL IMPROVEMENTS ISSUE),SERIES 2012Interest RateMaturity DateDated DateCUSIP%September 1,2012REGISTERED OWNER:PRINCIPAL SUM:THE CITY OF OXFORD, MISSISSIPPI (the "City"). a body politic existing under the IConstitution and laws of the State of Mississippi (the "State"). hereby acknowledges itself·indebted and for value received hereby promises to pay to the registered owner named above orregistered assigns, on the maturity date stated above. upon presentation and surrender of thisBond at the corporate trust office of , in the City of • Mississippi(such bank and any successor thereto hereinafter called collectively, the "Paying and TransferAgent"). the principal sum stated hereon in lawful money of the United States of America. and topay to the registered owner hereof or registered assigns interest on such principal sum. in likemoney. from the dated date of this Bond until the maturity date thereof (or earlier redemptiondate). at the interest rate per annum stated hereon. payable on the first day of September andMarch of each year, commencing September 1,2013. by check or draft drawn upon the Payingand Transfer Agent. made payable to the registered owner named in, and mailed to the address ofthe registered owner as it shall appear on the registration books held by the Paying and TransferAgent as of the close of business on the date which shall be the fifteenth (15th) day (whether or9II

353not a business d,~"'NUt~aQQKtNCjl.eQgC.lr¥eQFp~f'QBgtere~MER'D'''''0226t lrty (30)I~~~s.For the perfonnance in apt time and manner of every official act herein required, and forthe prompt payment of this Bond, both principal and interest, the full faith, credit and taxingpower of the City is irrevocably pledged.IIIThis Bond is one of an authorized issue of General Obligation Bonds (CapitalImprovements Issue), Series 2012 of like date, tenor and effect, except as to rate of interest anddate of maturity, issued by the City pursuant to and in conformity with the Constitution and lawsof the State, including, among others, Sections 21-33-301 et seq., Mississippi Code of 1972, asamended (the "Act"), and pursuant to resolutions duly adopted by the Mayor and Board ofAldermen of the City on July 17, 2012, AuguS121, 2012 and September 11,2012 (collectively,the "Resolution"), to raise money for the purpose of (a) erecting municipal buildings and athleticstadiums, preparing and equipping athletic fields, and purchasing buildings or land therefor, andfor repairing, improving, adorning and equi pping the same, (b) constructing, improving orpaving streets, sidewalks, driveways, parkways, walkways or public parking facilities, andpurchasing land therefor, (c) purchasing land for parks and public playgrounds, and improving,equipping and adorning the same, including the constructing, repairing and equipping ofrecreational facilities, and (d) purchasing fIre-fighting equipment and apparatus, providinghousing for same and purchasing land therefor, in accordance with the Act. Reference is herebymade to the Resolution, copies of which are on file at the corporate trust office of the Paying andTransfer Agent and at the Office of the City Clerk in Oxford, Mississippi, to all of the provisionsof which the registered owner hereof assents by acceptance of this Bond.This Bond is transferable only upon the books kept for that purpose at the corporate trustoffIce of the Paying and Transfer Agent, upon surrender at said office, together with a writteninstrument of transfer satisfactory to the Paying and Transfer Agent duly executed by theregistered owner or his authorized attorney, and thereupon a new bond or bonds of like maturity,interest rate and aggregate principal amount shall be issued to the transferee. In like manner, thisBond may be exchanged for an equal aggregate principal amount of Bonds of any otherauthorized denominations. Bonds are issuable in the authorized denominations of $5,000 or anyintegral multiple thereof. The issuance, transfer, exchange and replacement of the Bonds of thisissue and other similar matters are governed by conditions on file at the corporate trust office ofthe Paying and Transfer Agent and at the Office of the City Clerk.The Bonds maturing September 1,2021 and thereafter will be subject to redemption priori to their respective maturities, at the option of the City, on and after September 1, 2020, either in! whole on any date, or in part on any interest payment date, as selected by the City amongmaturities, and by lot within each maturity, at the principal amount thereof, together withaccrued interest to the date fixed for redemption and without premium.Notice of each such redemption shall be mailed, postage prepaid, not less than thirty (30)days prior to the redemption date, to all registered owners of the Bonds to be redeemed at their10I

~I354addresst{lJlilJ):~e~ru?e~g~tgrJ?~JiL~~T~9fJa~~~ntaqlled ~}"~~~6and Transfer Agent.IIAll Bonds for the payment or redemption of which sufficient monies, or, to the extentpermitted by the laws of the State, (a) direct obligations of, or obligations the payment of theprincipal of and interest on which are unconditionally guaranteed by, the United States ofAmerica ("Government Obligations"), or (b) certificates of deposit or other securities fully Isecured by Government Obligations, or (c) evidences of ownership of proportionate interests in,future interest or principal payments on Government Obligations held by a bank or trust!company as custodian, under which the owner of the investment is the real party in interest and:has the right to proceed directly and individually against the obligor on the Government!Obligations and which Government Obligations are not available to satisfy any claim of thecustodian or any person claiming through the custodian or to whom the custodian may beobligated, or (d) municipal obligations, the payment of the principal of, interest and premium, ifany, on which are irrevocably secured by Government Obligations and which GovernmentObligations are not subject to redemption prior to the date on which the proceeds attributable tothe principal of such obligations are to be used and have been deposited in an escrow accountwhich is irrevocably pledged to the payment of the principal of and interest and premium, if any, Ion such municipal obligations (all of which collectively, with Government Obligations,!"Defeasance Securities"), shall have been deposited with an escrow agent appointed for suchpurpose, which may be the Paying and Transfer Agent, all to the extent provided in theResolution, shall be deemed to have been paid, shall cease to be entitled to any lien, benefit orisecurity under the Resolution and shall no longer be deemed to be outstanding thereunder, and'the registered owners shall have no rights in respect thereof except to receive payment of theprincipal of, premium, if any, and interest on such Bonds from the funds held for that purpose.Defeasance Securities shall be considered sufficient under the Resolution if said investments, iwith interest. mature and bear interest in such amounts and at such times as will assure sufficient!cash to pay currently maturing interest and to pay principal when due on such Bonds. !IIT IS HEREBY CERTIFIED, RECITED AND DECLARED that all acts, conditionsand things required to exist, happen and to be performed precedent to and in the issuance of thisBond do exist, have happened and have been performed in due time, form and manner asrequired by law, and that the issuance of this Bond and the issue of which it forms a part,together with all other obligations of the City, does not exceed or violate any constitutional orstatutory limitation.This Bond shall not be valid or become obligatory for any purpose until this Bond shall:1have been authenticated by the execution by the Paying and Transfer Agent of the Paying and IITransfer Agent's Certificate hereon.IIThe City and the Paying and Transfer Agent may deem and treat the registered owner Ihereof as the absolute owner for the purpose of receiving payment of or on account of principalhereof and interest due hereon and for all other purposes and neither the City nor the Paying andTransfer Agent shall be affected by any notice to the contrary.III

".,355IN wnMlNtJ.Te80OKcNot ~nCJTsYsQf,facsimile signature of the Mayor of the City, and has caused the official seal of the City to beaffixed thereto, attested by the manual or facsimile signature of its Clerk.I(SEAL)ATTEST:CITY OF OXFORD, MISSISSIPPIBy ________________________ __MayorCity ClerkPA YING AND TRANSFER AGENT'S CERTIFICATEThis Bond is one of the Bonds of the above designated issue of Bonds delivered inaccordance with the terms of the within mentioned Resolution.Date of Registration and Authentication: ______________ ____ ---,-_________ ' as Paying andTransfer AgentBy __ ~~~~---------------­Authorized SignatureVALIDATION CERTIFICATEISTATE OF MISSISSIPPI )) ss:COUNTY OF LAFAYETTE )I, Lisa Carwyle, City Clerk of the City of Oxford, Mississippi, do hereby certifY that theissuance of the Bonds of which the within Bond is one has been duly registered by me as anobligation of said City pursuant to law in a book kept by said City for that purpose and has beenvalidated and confirmed by decree of the Chancery Court of Lafayette County, Mississippi,rendered on the __ day of September, 2012 pursuant to the Act.City Clerk12I

356T~~~~co~~~~INUTE BOOK NO'A~~GQIYTOF OXFO_R_D~. ~OEM===EN_'M~,",O~~",~""FOR VALUE RECEIVED, the undersigned sells, assigns and transfersIuntd(Name and Address of Assignee)the within Bond and does hereby irrevocably constitute and apPoin~;---c:----;---c-_:------:as registrar and transfer agent to transfer the said Bond on the record~kept for registration thereof with full power of substitution in the premises. .Signature guaranteed:iII(Bank, Trust Company or Paying Agent)(Authorized Officer)Date of Assignment: ________ _Insert Social Security Number or other TaxIdentification Number of AssigneeNOTICE: The signature to this Assignmen'must correspond with the name of thregistered owner as it appears upon the facof the within Bond in every particular,without any alteration whatever, and mus~be guaranteed by a commercial bank or trus~company or a member of a nationallsecurities exchange who is a member of 8!Medallion Signature Guarantee Program.[END OF FORM OF BOND]SECTION 11. The Governing Body hereby adopts, pursuant to the authority granted bythe Act and the Registered Bond Act, the following conditions (the "Conditions") which are toapply to the transfer, exchange and replacement of the Bonds, and other similar matters.ICONDITIONS AS TO THE ISSUANCE, TRANSFER,EXCHANGE AND REPLACEMENT OF THE BONDS"Paying and Transfer Agent" as used in these Conditions means, as to Bondsdesignated herein, the bank or banks designated by action of the Governing Bodyas the Paying and Transfer Agent with respect to the Bonds and whose duties andresponsibilities shall be as further limited or set forth in the form of Bonds forsllch issue of Bonds.The terms and provisions of this Section shall be subject to the terms andprovisions of Section 7 hereof.13I

.,IIThe prinMjNUT60S0QKeNoac63~ GI;J;¥oQ'i:rGXiiQBDe. .made by the Paying and Transfer Agent on each interest payment date to theperson appearing on the registration books of the City (hereinafter provided for)as the registered owner thereof as of the close of business on the date which shallbe the fifteenth (15th) day (whether or not a business day) of the calendar monthnext preceding such interest payment date, by check or draft mailed to suchregistered owner at his address as it appears on such registration books. Paymentof the principal of all Bonds shall be made upon the presentation and surrender forcancellation of such Bonds as the same shall become due and payable.Bonds, upon surrender thereof at said corporate trust office of the Paying andTransfer Agent with a written instrument of transfer satisfactory to such Payingand Transfer Agent duly executed by the registered owner or his authorizedattorney, may be exchanged for Bonds of like series, maturity and interest rate ofany other authorized denominations. Each such Bond shall be dated as of the datesix (6) months preceding the interest payment date thereon next following the dateof delivery of such Bond in registered form, unless such date of delivery shall bean interest payment date in which case it shall be dated as of such date ofdelivery, and every such Bond in registered form shall bear interest from its date.So long as the Bonds shall remain outstanding, the City shall cause the Payingand Transfer Agent to maintain and keep, at its corporate trust office, registrationbooks for the registration and transfer of Bonds, and, upon presentation thereoffor such purpose at such corporate trust office, the City shall cause the Paying andTransfer Agent to register or cause to be registered thereon, and permit to betransferred thereon, under such reasonable regulations as the Paying and TransferAgent may prescribe, any Bond. So long as any of the Bonds remain outstanding,the City shall make all necessary provisions to permit the exchange of Bonds atthe corporate trust office of the Paying and Transfer Agent.All Bonds shall be transferable only upon the registration books which shall hekept for that purpose at the corporate trust office of the Paying and Transfer Agentfor the City, by the registered owner thereof in person or his authorized attorney,upon surrender thereof, together with a written instrument of transfer satisfactoryto the Paying and Transfer Agent, duly executed by the registered owner or hisauthorized attorney, and upon such transfer there shall be issued in the name ofthe transferee a new Bond or Bonds in registered form of the same series in thesame aggregate principal amount and of like maturity and interest rate as theBond or Bonds surrendered. Bonds issued in connection with transfers shall bedated in the same manner provided above for the dating of Bonds issued inconnection with exchanges.Neither the City nor the Paying and Transfer Agent shall be required (a) toexchange or transfer Bonds for a period of fifteen (15) days next preceding aninterest payment date on the Bonds or next preceding any selection of Bonds to be14357DEMENT-MERIDIAN 61-0226I

358~~---~E~JJ!~e~ag&~S~&sp~~I~IIYnQo~cRX~~~Q -'lLMERIDIAN 61-226transfer or exchange any Bond called for redemption.All Bonds surrendered in any exchanges or transfers shall forthwith be canceledby the Paying and Transfer Agent and thereafter transmitted to the City.Prior to the issuance or delivery of any Bond, whether upon original issuance,transfer. exchange or replacement, the Paying and Transfer Agent shall manuallyexecute the certificate of authentication provided thereon. No Bond shall be validor obligatory for any purpose until such certificate of authentication shall havebeen duly executed by the Paying and Transfer Agent. Such certificate of thePaying and Transfer Agent upon any Bond executed on behalf of the City shall beconclusive evidence that the Bond so authenticated has been duly authenticatedand delivered.IBonds bearing the facsimile signature of any person who shall have been theMayor or Clerk at the time such Bonds were originally dated or delivered by theCity shall bind the City notwithstanding the fact that he or she may have ceased tobe such officer prior to the delivery of such Bonds or was not such officer at thedate of such Bonds.Except as otherwise required by law, if (a) any mutilated Bond is surrendered tothe Paying and Transfer Agent at its corporate trust office, or the Paying andTransfer Agent receives evidence to its satisfaction of the destruction, loss or theftof any Bond and (b) there is delivered to the Paying and Transfer Agent suchsecurity or indemnity as may be required by it to save harmless the City and thePaying and Transfer Agent, and as otherwise required by law, then, in the absenceof notice to the Paying and Transfer Agent that such Bond has been acquired by abona fide purchaser as such term is defined in the Uniform Commercial Code as itis then in effect in the State of Mississippi, the Paying and Transfer Agent shallauthenticate and deliver, in exchange for any such mutilated Bond, or in lieu ofany such destroyed, lost or stolen Bond, a new Bond of like tenor and principalamount, bearing a number not contemporaneously outstanding. The Paying andTransfer Agent shall thereupon cancel any Bond so surrendered.IIn case any mutilated, destroyed, lost or stolen Bond has become or is about tobecome due and payable, the Paying and Transfer Agent in its discretion may,instead of issuing a new Bond, pay such Bond.Each new Bond issued pursuant to this Section in lieu of any surrendered,destroyed, lost or stolen Bond shall constitute an additional contractual obligationof the City and shall be entitled to all benefits equally and proportionately withany and all other Bonds duly issued. All Bonds shall be held and owed upon theexpress condition that the foregoing provisions are exclusive with respect to thereplacement or payment of mutilated, destroyed, lost or stolen Bonds, and shall15I

359DEMENT-MERIDIAN 61·0226INotwithstanding the foregoing provisions of these Conditions, no Bonds shall beexchanged for other Bonds or be registered or transferred or issued or deliveredby or on behalf of the City or the Paying and Transfer Agent pursuant to thisSection at the request of a holder or owner of a Bond, except upon payment tosuch Paying and Transfer Agent by or on behalf of such holder or owner of acharge sufficient to reimburse the City and such Paying and Transfer Agent forany tax, fee, or other governmental charge required to be paid with respect to thetransaction.The City and the Paying and Transfer Agent may treat and consider the person inwhose name any Bond shall be registered upon the registration books as hereinprovided as the holder and absolute owner thereof, whether such Bond shall beoverdue or not, for the purpose of receiving payment of the principal thereof andinterest thereon and for all other purposes whatsoever; provided, however,payment of, or on account of, the principal of and interest on such Bond shall bemade only to, or upon the order of; such registered owner, and such payment somade shall be valid and effective to satisfY and discharge the liability upon suchBond to the extent of the sum or sums so paid, and neither the City nor anyPaying and Transfer Agent shall be affected by any notice to the contrary.SECTION 12. (a) So long as any of the Bonds shall remain outstanding, the City shallmaintain with the Paying and Transfer Agent records for the registration and transfer of theBonds. The Paying and Transfer Agent is hereby appointed registrar for the Bonds, in whichcapacity the Paying and Transfer Agent shall register in such records and permit to be transferredthereon, under such reasonable regulations as may be prescribed, any Bond entitled toregistration or transfer.I(b) The City shall payor reimburse the Paying and Transfer Agent for reasonablefees for the perfonnance of the services normally rendered and the incurring of normal expensesreasonably and necessarily paid as are customarily paid to paying agents, transfer agents andbond registrars, subject to agreement between the City and the Paying and Transfer Agent. Feesand reimbursements for extraordinary services and expenses, so long as not occasioned by thenegligence, misconduct or willful default of the Paying and Transfer Agent, shall be made by theCity on a case-by-case basis, subject, where not prevented by emergency or other exigentcircumstances, to the prior written approval of the Governing Body.(c) (i) A Paying and Transfer Agent may at any time resign and be discharged of itsduties and obligations as Paying and Transfer Agent, by giving at least sixty (60) days writtennotice to the City, and may be removed as Paying and Transfer Agent at any time by resolutionof the Governing Body delivered to the Paying and Transfer Agent. The resolution shall specifYthe date on which such removal shall take effect and the name and address of the successorPaying and Transfer Agent, and shall be transmitted to the Paying and Transfer Agent beingremoved within a reasonable time prior to the etlective date thereof. Provided, however, that no16I

360.. PaYlngailoTians(erAgeril fiasbeenappointed pursuant to this resol ution.N(ii) Upon receiving notice of the resignation of the Paying and Transfer Agent, !the City shall promptly appoint a successor Paying and Transfer Agent by resolution of theGoverning Body. Any appointment of a successor Paying and Transfer Agent shall become,effective upon acceptance of appointment by the successor Paying and Transfer Agent. If no;successor Paying and Transfer Agent shall have been so appointed and have acceptedappointment within thirty (30) days after the notice of resignation, the resigning Paying andTransfer Agent may petition any court of competent jurisdiction for the appointment of asuccessor Paying and Transfer Agent, which court may thereupon, after such notice as it maydeem appropriate, appoint a successor Paying and Transfer Agent.I(iii) In the event of a change of Paying and Transfer Agents, the predecessorPaying and Transfer Agent shall cease to be custodian of any funds held pursuant to thisresolution in connection with its role as such Paying and Transfer Agent, and the successor IPaying and Transfer Agent shall become such custodian; provided, however, that before anYIsuch delivery is required to be made, all fees, advances and expenses of the retiring or removedl'Paying and Transfer Agent shall be fully paid. Every predecessor Paying and Transfer Agentshall deliver to its successor Paying and Transfer Agent all books of account, registration;records, lists of holders of the Bonds and all other records, documents and instruments relating toits duties as such Paying and Transfer Agent.(iv) Any successor Paying and Transfer Agent appointed under the provisionshereof shall be a bank, trust company or national banking association having Federal Deposit'Insurance Corporation insurance of its accounts, duly authorized to exercise corporate trust;powers and subject to examination by and in good standing with the federal and/or stateregulatory authorities under the jurisdiction of which it falls.(v) Every successor Paying and Transfer Agent appointed hereunder shall,execute, acknowledge and deliver to its predecessor Paying and Transfer Agent and to the Cityan instrument in writing accepting such appointment hereunder, and thereupon such successorPaying and Transfer Agent, without any further act, shall become fully vested with all the rights,immunities and powers, and be subject to all the duties and obligations, of its predecessor.I(vi) Should any transfer, assignment or instrument in writing be required byany successor Paying and Transfer Agent from the City to more fully and certainly vest in suchsuccessor Paying and Transfer Agent the estates, rights, powers and duties hereby vested orintended to be vested in the predecessor Paying and Transfer Agent, any such transfer,.assignment and written instruments shall, on request, be executed, acknowledged and deliveredby the City.(vii) The City will provide any successor Paying and Transfer Agent withcertified copies of all resolutions, orders and other proceedings adopted by the Governing Bodyrelating to the Bonds.17I

.,(vMINlJm:sBQQ~tNem~ CIJ;)'oQFa~~DJiWer ~MERIDIAN""". en 0 a u leOs, ~obligations and responsibilities imposed by law or required to be performed by this resolution.361I(d) Any corporation or association into which a Paying and Transfer Agent may beconverted or merged, or with which it may be consolidated or to which it may sell or transfer itsassets as a whole or substantially as a whole, or any corporation or association resulting from anysuch conversion, sale, merger, consolidation or transfer to which it is a party, shall be andbecome successor Paying and Transfer Agent hereunder and vested with all the powers,discretions, immunities, privileges and all other matters as was its predecessor, without theexecution or filing of any instrument or any further act, deed or conveyance on the part of eitherthe City or the successor Paying and Transfer Agent, anything herein to the contrarynotwithstanding, provided only that such successor Paying and Transfer Agent shall besatisfactory to the City and eligible under the provisions of Section 12( c )(iv) hereof.SECTION 13. The Bonds shall be prepared and executed as soon as may be practicableafter the adoption of this resolution and shall be delivered thereafter to the Purchaser.SECTION 14. If (a) the City shall payor cause to be paid to the owners of the Bondsthe principal ot: and interest to become due thereon at the times and in the manner stipulatedtherein and herein, (b) all fees and expenses of the Paying and Transfer Agent shall have beenpaid, and (c) the City shall have kept, perfonned and observed all and singular the covenants andpromises in the Bonds and in this resolution expressed as to be kept, performed and observed byit or on its part, then the Bonds shall cease to be entitled to any lien, benefit or security under thisresolution and shall no longer be deemed to be outstanding hereunder. If the City shall payorcaLlse to be paid to the owners of outstanding Bonds of a particular maturity, the principal of, andinterest to become due thereon at the times and in the manner stipulated therein and herein, suchBonds shall cease to be entitled to any lien, benefit Or security under this resolution and shall nolonger be deemed to be outstanding hereunder.IAll Bonds for the payment or redemption of which sufficient monies, or, to the extentpennitted by the laws of the State, (a) direct obligations of, or obligations the payment of theprincipal of and interest on which are unconditionally guaranteed by, the United States ofAmerica ("Government Obligations"), or (b) certificates of deposit or other securities fullysecured by Government Obligations, or (c) evidences of ownership of proportionate interests infuture interest Or principal payments on Government Obligations held by a bank or trustcompany as custodian, under which the owner of the investment is the real party in interest andhas the right to proceed directly and individually against the obligor on the GovernmentObligations and which Government Obligations are not available to satisfY any claim of thecustodian or any person claiming through the custodian or to whom the custodian may beobligated, or (d) municipal obligations, the payment of the principal of, interest and premium, ifany, on which are irrevocably secured by Government Obligations and which GovernmentObligations are not subject to redemption prior to the date on which the proceeds attributable tothe principal of such obligations are to be used and have been deposited in an escrow accountwhich is irrevocably pledged to the payment of the principal of and interest and, premium, if any,on such municipal obligations (all of which collectively, with Government Obligations, are18I

362appomted for such purpose, which may be the Paying and Transfer Agent, (whether upon or'prior to the maturity or the redemption date of such Bonds) shall be deemed to have been paidwithin the meaning of this Section, shall cease to be entitled to any lien, benefit or security underthis resolution and shall no longer be deemed to be outstanding hereunder, and the registered 'Iowners shall have no rights in respect thereof except to receive payment of principal of, Ipremium, if any, and interest on such Bonds from the funds held for that purpose; provided,however, that if such Bonds are to be redeemed prior to the maturity thereof, notice of suchredemption shall have been duly given as provided herein or arrangements shall have been made lfor the giving thereof. Defeasance Securities will be considered sufficient if said investments,1with interest, mature and bear interest in such amounts and at such times as will assure sufficient Icash to pay currently maturing interest and to pay principal when due on the Bonds. For the!purpose of this Section, Defeasance Securities shall mean and include only (a) such DefeasancellSecurities which shall not be subject to redemption prior to their maturity other than at the optionof the holder thereof or (b) Defeasance Securities which, if subject to redemption shall,!nevertheless, in all events, regardless of when redeemed, provide sufficient and timely funds for!payment of the principal of, premium, if any, and interest on the Bonds to be paid thereby.ISECTION 15. As authorized by the Act, the Bonds herein authorized to be issued shall 'be submitted to validation in the Chancery Court of Lafayette County, Mississippi, in the mannerand with the force and effect provided by Section 31-13-1 et seq., Mississippi Code of 1972, asamended, and to that end a certified transcript of all proceedings and other documents relating to:the issuance and sale of said Bonds fOlihwith shall be prepared and forwarded to the State's Bond:Attorney by Bond Counsel and the Clerk.SECTION 16. (a) In the event the Purchaser shall fail to designate the names, addressesand social security or tax identification numbers of the registered owners of the Bonds withinthirty (30) days of the date of sale, or at such other later date as may be designated by the City, 'one Bond registered in the name of the Purchaser may be issued in the full amount for eachmaturity. Ownership of the Bonds shall be in the Purchaser until the initial registered ovmer has!made timely payment and, upon request of the Purchaser within a reasonable time of the initialdeli\ery of the Bonds, the Paying and Transfer Agent shall re-register any such Bond upon itsrecords in the name of the registered owner to be designated by the Purchaser in the event timely'payment has not been made by the initial registered owner.I(b) Except as hereinabove provided, the person in whose name any Bond shall beregistered in the records of the City kept and maintained by the Paying and Transfer Agent may'be deemed the absolute owner thereof for all purposes, and payment of or on account of theprincipal of or interest on any Bond shall be made only to or upon the order of the registeredowner thereof, or his legal representative, but such registration may be changed as hereinprovided. All such payments shall be valid and effectual to satisfy and discharge the liabilityupon such Bond to the extent of the sum or sums SO paid.SECTION 17. (a) The City shall maintain with a qualified depository thereof a fund(the "Bond Fund") in its name for the payment of the principal of and interest on the Bonds and19I

II ....363I(i)(ii)(iii)(iv)the accrued interest and premium, if any, received upon delivery of theBonds;the avails of any of the ad valorem taxes levied and collected pursuant toSection 3 hereof;any income received from investment of monies in the Bond Fund; andany other funds available to the City which may be lawfully used forpayment of the principal of and interest on the Bonds, and which theGoverning Body, in its discretion, may direct to be deposited into theBond Fund.(b) As long as any principal of and interest on the Bonds remains outstanding, theClerk is hereby irrevocably authorized and directed to withdraw from the Bond Fund sufficientmonies to make the payments herein provided for and to transfer same to the account of thePaying and Transfer Agent in time to reach said Paying and Transfer Agent at least five (5) daysprior to the date on which said interest or principal and interest shaH become due.SECTION 18. (a) The principal proceeds received upon the sale of the Bonds shall bedeposited with a qualified depository of the City in a special fund, hereby created, in the name ofthe City designated the "2012 Capital Improvements Fund" from which there shall be first paidall expenses, premiums, fees and commissions incurred in connection with the authorization,issuance, sale, validation and delivery of the Bonds.I(b) The balance of such proceeds shall be used (I) for the Project; (2) to payengineering, fiscal, trustee, printing, accounting, Financial Advisor, construction manager,feasibility consultant, Bond Counsel and legal expenses, and development expenses incurred inconnection with the Project, and the issuance of the Bonds; (3) to pay the costs related to anysuits and proceedings in connection with the Project, including any costs of settlement thereof.SECTION 19. It is specifically provided, notwithstanding the dates set out in thisresolution for the date of the Bonds and the payment dates for principal and interest, that in theevent the delivery of the Bonds is delayed by a contest of the validation of the Bonds orotherwise and the Purchaser shall decline to take delivery of the Bonds, then the Bonds may bereoffered for sale. In such event, all principal maturities may be adjusted so that such maturitieswill fall due in the same amounts and intervals as herein provided, but beginning one (I) yearfrom the actual date of the Bonds as provided by the subsequent resolution directing the offer forsale thereof and continuing through the fifteenth (15th) year from such actual date of the Bonds.The interest payments may also be adjusted accordingly, with interest payments duesemiannually, commencing twelve (12) months from such actual date of the Bonds. After thevalidation of the Bonds, no amendment, revision or supplement contemplated by this Section 19shall be cause for the resubmission of the proceedings for the issuance of the Bonds, as amended,revised or supplemented, to any further validation proceedings, it being the intent of this20I

364rresolutM I trJaVI~ s~PPn~d~gs ~~1si~-';:Y s~n92~~2~v~ed~-'-URl~validation proceeding. !SECTION 20. Mississippi, 1S herebyappointed as the Paying and Transfer Agent for the Bonds.SECTION 21. Pursuant to SEC Rule ISc2-l2(b)(S), the City covenants and agrees tdlprovide to the Purchaser a continuing disclosure agreement, dated the date of issuance an 'Idelivery of the Bonds, setting forth the City's agreement with regard to continuing disclosure (th I"Continuing Disclosure Agreement"), and to comply with the covenants set forth therein ancarry out all of the provisions of the Continuing Disclosure Agreement. In the event the Cit. !fails to comply with the provisions of the Continuing Disclosure Agreement, any Bondholde Imay take such actions as may be necessary and appropriate, including mandamus or specificperfommnce by court order, to cause the State to comply with its obligations set forth in theContinuing Disclosure Agreement and this Section 21.SECTION 22. The Mayor, each member of the Board of Aldermen and the Clerk arehereby authorized to execute such documents, instruments and papers, and do such acts andthings as may be necessary or advisable in connection with the authorization, sale, preparationJIexecution, issuance and deli very of the Bonds.IISECTION 23. The decisions and determinations made by the Mayor and the Clerk!relating to the Bonds, and the actions taken by them in connection with the preparation of thePreliminary Official Statement and the Notice of Sale are hereby approved and ratified by theGoverning Body. The Mayor be, and is hereby authorized and directed to prepare, execute anddistribute a final Official Statement in connection with the Bonds substantially in the form of thePreliminary Official Statement, with such changes, omissions, insertions and revisions from thePreliminary Official Statement as he shall deem necessary and approve, said execution beingconclusive evidence of such approval, and to deliver a reasonably sufficient number of suchlOfficial Statement to the PurchaseLISECTION 24. The City covenants and certifies to and for the benefit of the Purchase; Iand subsequent holders of the Bonds that it will neither take any action nor omit to take an) .•action nor make any investment or use of the proceeds from the issue and sale of the Bonds. ~including amounts treated as proceeds, if any, which will cause the Bonds to be classified asjarbitrage Bonds within the meaning of Section 148 of the Code, and the regulations thereunderas such may be applicable to the Bonds at the time of such action, investment or use. In addition.the City further covenants to maintain the exclusion of interest on the Bonds from gross income;for fed~ral income tax purposes under the Code, and in furtherance thereof, to comply with the'covenants concerning arbitrage rebate contained in a certificate of the Mayor to be executed anddelivered concurrently with the issuance and delivery .of the Bonds, or such other covenants asl,may, from hme to time. be reqll1red to be comphed w1th 111 order to ma1l1ta1l1 such exclUS10n 0interest on the Bonds from gross income for federal income tax purposes. Notwithstanding anY]1other provisions to the contrary, so long as necessary in order to maintain such exclusion ofinterest on the Bonds from gross income for federal income tax purposes under the Code, the,II21I

I~365covenants contaMlr'tll.bI~aoOKaNovi63'ec;.ttYntQfTh.QXIr,Q8li)e in~~t"ERlD"N610226r sance ereo.ISECTION 25. The City hereby designates the Bonds as "qualified tax exemptobligations" for purposes of Section 265(b)(3) of the Code. The City (including any subordinateentity or entities issuing tax exempt obligations on behalf of the City within the meaning ofSection 265(b)(3) of the Code) has not issued, and does not reasonably expect to issue, taxexempt obligations within calendar year 2012 which, together with the Bonds, will exceed$10,000,000.SECTION 26. If anyone or more of the provisions of this resolution shall for anyreason be held to be illegal or invalid, such illegality or invalidity shall not affect any of the otherprovisions of this resolution, but this resolution shall be construed and enforced as if such illegalor invalid provision or provisions had not been contained herein.Aldermanseconded the motion to adopt the foregoing resolution,and the question being put to a roll call vote, the result was as follows:Alderman Ney Williams voted:Alderman E.O. Oliver voted:Alderwoman Janice Antonow voted:Alderman Ulysses Howell voted:Alderman Preston E. Taylor voted:Alderman Jason Bailey voted:Alderman John Morgan voted:The motion having received the affirmative vote of a majority of the members of theBoard of Aldermen present, being a quorum of said Board of Aldermen, the Mayor declared themotion carried and the resolution adopted this 11 th day of September, 2012.I1128~862902914.1222I

366I'i~·~~~~I.MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-226I!IEXHIBIT APROOF OF PUBLICATION OF NOTICE OF BOND SALEI23I... !

MINUTE BOOK No. 63, CITY OF OXFORD367DEMENT-MERIDIAN 61-0226IEXHIBIT BBIDSI24I

368I~,I,.~~~~MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61 -226RESIGNATION:It was moved by Aldennan Howell, seconded by AldermanWilliams to accept the resignation of Cynthia White in theBuilding and Planning and Zoning Department. All thealdermen present voting aye, Mayor Patterson declared themotion carried.ADVERTISEMENT:CEMETERY ANDCOLUMBARIUM:2012-2013 BUDGET:It was moved by Alderman Morgan, seconded byAlderman Antonow to authorize advertisement for anexecutive assistant in the Building and Planning andZoning Departments. All the aldermen present voting aye,Mayor Patterson declared the motion carried.Mayor Patterson is researching the possibility of the Citybuilding a columbarium at the City Cemetery. The Citywill continue to research costs and report back to the boardat a later date.It was moved by Alderman Morgan, seconded byAlderman Williams to approve the 2012-2013 Budget asfollows. All the aldermen present voting aye, MayorPatterson declared the motion carried.III

,CITY OF oXFoRrMlNUTE BOOK No. 63, CITY OF OXFORD2612-20 13udget SummaryENERALFUNDBudget 2011-2012 Budget 2012-2013369DEMENT·MERIDIAN 61-0226IIFGINNING CASH BALANCE 10/1/12OTAL REVENUE:::GISLATIVEJ DICIALECUTIVEECTIONSR NANCIAL ADM'(\WEPT OF HUMAN RESOURCESPLiCE DEPTUILDINGS & GROUNDSANNING & ZONINGUILDING & CODE ENFOEN GOVTOMMUNITY PROF RE DEPTt:MERG MANG~ IrREET DEPT1~f'>,NITATION ADMmREET CLEANINGV ASTE COLLIV ASTE DISPOSALUBBISH COLLECTIONIV EED & GRASS~METERYIR ECYCLINGIF r,RK COMMIe TY GARAGEIi pVP8~IM POOLFN_C PARKisc Groups$2,491,084.00 $2,850,866.00$20,764,002.82 $21,751,441.32$126,068.00 $127,396.80$214,341.96 $227,719.48$91,982.24 $95,000.48$3,500.00 $12,000.00$255,555.19 $266,872.92$176,286.77 $212,912.34$206,771.04 $241,612.47$4,280,198.58 $4,688,720.85$524,279.06 $578,912.51$676,485.40 $978,197.02$199,474.08 $210,800.99$2,120,395.00 $2,195,685.00$65,000.00 $65,000.00$3,690,921.01 $3,598,252.48$278,296.82 $135,657.57$2,347,366.89 $2,306,164.46$141,750.54 $166,715.83$91,675.49 $96,592.34$927,572.56 $850,689.93$565,996.91 $574,436.88$550,754.00 $550,542.90$244,339.95 $253,341.33$120,790.81 $127,359.37$482,223.07 $439,369.70$971,732.19 $1,260,225.72$818,266.53 $848,023.15$148,904.34 $160,001.22$85,754.00 $103,916.62$973,645.00 $1,003,139.07$428,441.69 $444,446.56T JTAL EXPENSESE. ding Cash Balance (projected) - 9/30/13$21 ,808,769.12 $22,819,70598$1 446 317Z0 $1 ,Z82 601:'HI

370----2%FOQ[LMt~~J.~F~Qg!< N_o. 63,9 1TY OF OX~ORDPROJECTED REVENUE2% Food & Beverage TaxInterest IncomePmt from Univ (rifle range - expired)Payment from County for ballfields (20 yr)Estimated Beg CashBudget2011-2012$1,788,533.45$7,500.00$50,000.00$150,000.00$1,004,994.61YTD13-Aug-12$1,676,787.00$1,265.00$0.00$150,000.00$1,580,595.68DEMENT-MERIDIAN 61-226Budget2012-20131$2,081,772.35$1,500.pO$0.00$150,000.00$1,256,167.45ITOTAL REVENUE$3,001,028.06$3,408,647.68$3,489,439.$0PROJECTED DISBURSEMENTS604 Oxford Tourism Council$000$0.00$112,414.dlo605 Oxford Convention & Visitor's Bureau$428,257.00$392,568.88$335,583.75OCVB - Capital Improvements$0.00$0.00$170,700.00607 Arts Council$30,000.00$27,500.00$55,000WO608 Community Grant Program$65,000.00$48,120.00$65,00060609 Tree request (bldg & grounds)$15,000.00$24,446.18$25,000.00612 Cedar Oaks$25,000.00$18,404.38$25,000. 0614 Flowers and related exp (bldg & grounds)$77,12000$62,980.43$100,010. 0616 Transfer to General Fund$73,000.00$0.00$73,000.bo621 Hancock Bank, Bond pmt for OCC$374,000.00$375,352.50$375,922.50628 Double Decker$35,000.00$35,000.00$35,000. 0630 Utilities637 Heritage Foundation$1,000.00$0.00$2,814.11$0.00$3,500. 0$10,000.00I641 Cultural Heritage Initiative$10,000.00$10,000.00$10,000.00642 FNC Park (1/2 of buget minus revenues)$221,833.50$0.00$178,670.18643 LOC Lamar$50,000.00$21,028.17$50,00000644 Ole Miss - stadium expansion$200,000.00$200,000.00$200,000.00651 2007 Bond Issue, 1/3 pmt lamar park/fnc, plus cnty cent$368,175.00$368,175.00$370,175.00690 Misc$30,000.00$45,148.61$50,000 pOTOTAL DISBURSEMENTS$2,003,385.50$1,631,538.26$2,244,97603BALANCE$997,642.56$1,777,109.42$1,244,463FII

371RESOLUTION MINUTE BOOK No. 63, CITY OF OXFORDDEMENT"MERIQIAN 61-0226,ec e yermanBailey to adopt the following resolution for the mill rate.All the aldermen present voting aye, Mayor Pattersondeclared the motion carried.III

372RESOLlMm~r~~~~fJ~rP~~ifJJXfqfD~P~THEoE@1'¥",@;f226OXFORD, MISSISSIPPI, WITH REFERENCE TO FIXJNG THE TAX RATE OR LEVY FOR 'THE MUNICIPALITY AND FOR ANY OTHER AREA SUBJECT TO TAXES OF THEMUNICIPALITY AND IN THE OXFORD MUNICIPAL SEPARATE SCHOOL DISTRICT,IN ACCORDANCE WlTl-J SECTION 21-33-45 OF THE MISSISSIPPI CODE OF 1972 ASAtvlENDED AND OTHER SECTIONS OF SAID CODE.Be it resolved by the Mayor and Board of Aldermen of the City of Oxford, Mississippi, Ithat the tax rate or levy of the municipality of the City of Oxford, Mississippi, and of the Oxford 'IrVlunicipal Separate School District shall be for the following purposes and amounts:ITAX RATE CITY OF OXFORD - 2012-20I3ProposedMill RateAuthorityGeneral Fund 18.3 I 21-33-45Parks & Recreation 2.00 21-37-45Library 1.02 39-3-72012 General Obligation .56 21-33-452010 General Obligation 1.37 21-33-452009 General Obligati on 1.17 21-33-452007 General Obligation 1.07 21-33-452005 General Obligation .67 21-33-452004 General Obligation 1.08 21-33-45Subtotal for Municipality 27.25School Bond & Interest 11.19 37-59-1Votec Center .70 37-7-409School Maintenance 42.59 37-57-104-107Subtotal for Oxford School 54.48ITOTAL MILLS FOR CITY & SCHOOL 81.73The above and foregoing Resolution having been lirst been reduced to writing and readby the City Clerk of the said Board, considered section by section and then as a whole, and onthe motion of Alderman _Howell . seconded by Alderman _ Bailey_. it \\as adoptedsection bv section and then as a whole, and the vote of the Aldermen for the passage thereof, wasas follows:Alderman WilliamsAlderman OliverAlderman AntonowAlderman I lowellAlderman TaylorAlderman BaileyAlderman Morganvoted A YE. ___voted ABSENT ___voted A YE. __ ~voted AYE-~--.voted A YE ___voted-AYE---voted A YE ___Whereupon the Mayor declared the motion carried and the Resolution adopted, this the11 til day of September, 20 I 2.~hf~GEORCillG. P A HERSON, MAYORATTEST:I

.,373RESOLUTIOlMlNUTE BO~aNo~

374as required by la\\, as prov'ided in Section 37-7-409. Mississippi Code of 1972, Annotated, andamendments thereto.Section 3. That the Mayor and Board of Aldermen find that due to the Oxford MunicipalSeparate School District's current responsibility to pay its pro-rata share of the operation of theOxford-Lafayette County Vocational-Technical Center during the 2012-2013 school session anqlIdue to the shortness of the time in which to collect taxes for the Oxford Municipal SeparateSchool District, it is necessary to the public health. safety and welfare that this resolution takjeffect immediately Irom and after its adoption.Alderman _Morgan_made the motion which was seconded by AldemlanBailey_. toadopt the foregoing Resolution, which was introduced in writing at the meeting of the Mayor andBoard of Aldermen of the City of Oxford. Mississippi. held 011 September II, 2012 and was atsaid meeting. read, considered. and adopted. paragraph by paragraph. section by section then as awhole, and the question being put to a roll call vote. the result was as follows:Alderman Williams voted AYEAlderman Oliver voted ABSENT ---Alderman Antollow voted AYEIAlderman Howell v'oted AYEAlderman Taylor voted AYEAlderman Bailey voted AYEAlderman Morgan voted AYEApproved, this the II th day of September. 2012.ATTEST:GH)RUE U. PAl TERSUN. MA YORILISA D CARWYLE. CITY CLERKMINUTES:It was moved bv . Alderman Antonow, seconded bv .Alderman Bailey to adopt the minutes from the regularmeeting on September 4. 2012. All the aldermen presentvoting aye, Mayor Patterson declared the motion carried.

375MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0226Alderman Antonow to adjourn the meeting sine-die. Allthe aldermen present voting aye, Mayor Patterson declaredthe motion carried.IGeorge G. Patterson, Mayor. /*/----~ -::7 _/) ':I "", I ..i.·/'tj(fv1./w"~Lisa Carwyle, City'ClerkII

376=~~~MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-226UNITED STATES OF AMERICASTATE OF MISSISSIPPICOUNTY OF LAFAYETTECITY OF OXFORDIREGULAR MEETINGSeptember 18,20126:00 p.m.CALL TO ORDER:The meeting of the Mayor and Board of Aldermenof the City of Oxford, Mississippi, was called toorder by Mayor Patterson at 6:00 p.m. on Tuesday,September 18, 2012, in the court room of City Hallwhen and where the following were present:George G. Patterson - MayorNey Williams- Aldennan Ward IE.O. Oliver- Alderman Ward IIJanice Antonow- Alderman Ward IIIUlysses Howell- Alderman Ward IVPreston Taylor- Alderman Ward VJason Bailey- Alderman Ward VIJohn Morgan- Alderman at LargeMayo Mallette PLLC - Of CounselBart Robinson- Director of Public WorksLisa Carwyle- City ClerkTim Akers - Dir of PlanningMike Martin- Chief Oxford Police DeptJoey Gardner- Ass!. Chief of Fire DeptEddie Anderson- DiL of SanitationAl Hope- Dir of Human ResourcesRandy Barber- Director of BuildingBilly Lamb- Sup!. of Bldg & GroundsIAGENDA:It was moved by Alderman HowelL seconded byAlderman Williams to adopt the agenda for themeeting. All the aldermen present voting aye,Mayor Patterson declared the motion carried.MA YOR'S REPORT:We have a long agenda so I will try and keep this brief.I've watched many ballgames and the downtown area for more than30years as a business man and property owner. This weekend was thebusiest I have ever seen.The Texas people were polite and gracious, except on the footballfield, and for the number of people we had in town problemsseemed to be at a minimum. Kudos to the ladies and gentlemenat OPO who handled a very difficult 4 day period with grace andpatience. Job well done guys.I

2377MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0226I know we have parking issues when the University closescampus as they have been doing. We will work to find acommon solution.IWe are still putting the pieces back together from our flood oftwo weeks ago. We are aware of many problems that we areworking on, but again folks, when we have that much rain inthat short a period of time we are going to flood. BUY FLOODINSURANCE.Lastly our heart goes out to Scott Mills and his family and theentire LHS community in the tragic loss of their son John. OurPrayer is that they find Peace quickly.IIMINUTES:ACCOUNTS:SOUTH LAMARCONSTRUCTION:CONSTITUTION WEEK:RADICAL RECONCILIATIONCELEBRATION MONTH:CITY PROPERTY:It was moved by Alderman Antonow, seconded byAlderman Morgan to adopt the minutes of thespecial meeting on August 21, 2012 and therecessed meeting on September 11,2012. All thealdermen present voting aye, Mayor Pattersondeclared the motion carried.It was moved by Alderman Howell, seconded byAlderman Oliver to approve the payment of allaccounts for the City. All the aldermen presentvoting aye, Mayor Patterson declared the motioncarried.Lloyd Oliphant with the Skate Place came beforethe Mayor and Board of Aldermen to complain andvoice his concerns about the construction project onSouth Lamar. The contractor has told the PublicWorks department they hope to start laying asphaltby the end of the week. The Board is also frustratedwith the progress of the project, but the contractstates the contractor has until January 13, 2013 tocomplete the entire project. The board thanked Mr.Oliphant for his comments.It was moved by Alderman Oliver, seconded byAlderman Morgan to adopt the proclamation forConstitution Week. All the aldermen voting aye,Mayor Patterson declared the motion carried.It was moved by Alderman Howell, seconded byAlderman Taylor to adopt the proclamation forRadical Reconciliation Celebration Month. All thealdermen voting aye, Mayor Patterson declared themotion carried.William Sloan sent a letter requesting the Citydeclare land owned on Price Hill Road surplus and

378 3;===='~~~~~~~MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-226PROFESSIONAL SERVICES:TAX ABATEMENT:ORDINANCE 2012-7:DOWNTOWN PARKINGADVISORTY COMMISSION:REZONING:REZONING:OXFORD PLANNINGCOMMISSION:allow his client, Karthikeyan Rathinavelu topurchase the property. Bart Robinson reported theCity acquired this land from the state in 2003 toclean up the property and he thought it was propertythe City would like to keep for future needs. Therewas no motion made by the aldermen.It was moved by Alderman Morgan, seconded byAlderman Williams to authorize professionalservices of a design for a col urn barium at theOxford Cemetery. All the aldermen voting aye,Mayor Patterson declared the motion carried.Carter Hilt, representing G2 Investments, LLC,came before the Mayor and Board of Aldermen torequest a tax abatement, under section 27-31-10 I ofthe State codes, on a new hotel next to the HamptonInn Conference Center. This would be a TownHouse Suites by Marriott. They are asking for afive year abatement and $30,000.00 of sidewalkimprovements from the City. The project will becompleted in the later part of 20 13. MayorPatterson stated the current hotel has helped theConference Center's revenues. In general the boardis in favor of the tax abatement, but G2 Investmentswould need to come back to the Board of Aldermento request the abatemeut once the project iscompleted.It was moved by Alderman Antonow, seconded byAlderman Taylor to adopt Ordinance 2012-7, "ANORDINANCE AMENDING SECTION 102ARTICLE XVII STOPPING, STANDING,PARKING RESTRICTED OR PROHIBITED ONCERTAIN STREETS CODE OF ORDINANCESOF THE CITY OF OXFORD, MISSISSIPPI." SaidOrdinance is recorded in Book 8 of the City ofOxford Code of Ordinances. All the aldermenpresent voting aye, Mayor Patterson declared themotion carried.It was moved by Alderman Howell, seconded byAlderman Antonow to reappoint Jeff Triplette, TomSharpe, and Jeff Alford to the Downtown ParkingAdvisory Commission. All the aldennen votingaye, Mayor Patterson declared the motion carried.This was the first reading of a proposed rezoningordinance for property located between H wy 7South and South Lamar from RA to RC.This was the first reading of a proposed rezoningordinance for property located south of Hwy 6 Westfrom RC to GB and NB.It was moved by Alderman Williams, seconded byAlderman Antonow to authorize the appointment ofHayden Alexander to the Oxford PlanningIII

4379MINUTE BOOK No. 63, CITY OF OXFORDDEMENT·MERIDIAN 61-0226Commission. All the aldennen voting aye, MayorPatterson declared the motion carried.IIOXFORD UNIVERSITYTRANSIT COMMISSION:FLOODPLAIN MANAGERSCONFERENCE:CLEANING PROPERTY:MS RURAL WATERASSOCIA nON:PARKING SPACESIZE:It was moved by Alderman Mike Black, JeanRobinson (replacing Shannon Robinson), DonnaGurley, and Issac Astill (replacing Jim Windham) tothe Oxford University Transit Commission. All thealdermen voting aye, Mayor Patterson declared themotion carried.It was moved by Alderman Bailey, seconded byAlderman Williams to authorize pennission for theBuilding Official to attend the Association ofFloodplain Managers of Mississippi FallConference in Choctaw, MS on October 29-31,2012 with a cost of$295.00. All the aldennenvoting aye, Mayor Patterson declared the motioncarried.It was moved by Aldennan Howell, seconded byAlderman Bailey to authorize the City to cut thegrass on parceI135K-22-085 on Manor Drive and139F-30-048 on 2204 Church Street, the cost ofcleaning the property will be assessed to theproperty taxes. All the aldermen voting aye, MayorPatterson declared the motion carried.It was moved by Aldennan Howell, seconded byAlderman Bailey to authorize pennission for twoWater Treatment Operators to attend MS RuralWater Association fall training in Batesville, MS onOctober 16-18,2012 at a cost of$250.00. All thealdermen voting aye, Mayor Patterson declared themotion carried.This was the public hearing and second reading ofthe proposed amendment to Appendix A, Article 7,Section 201, 201.09 of the Code of Ordinances ofthe City of Oxford, Mississippi to change requiredminimum parking space size. There was nocomment from the public. The third reading will beat the next board meeting.IORDINANCE CHANGE:REDISTRICTING PLAN:This was the public hearing and second reading ofproposed amendment to Appendix A, Article 9,Section 230, Land Development Code, the Code ofOrdinances ofthe City of Oxford. There was nocomment from the public. The third reading will beat the next board meeting.It was moved by Alderman Williams, seconded byAlderman Antonow to authorize counsel to sendDepartment of Justice letter regarding theredistricting plan. All the aldermen voting aye,Mayor Patterson declared the motion carried.

380 5MINUTE BOOK No. 63, CITY OF OXFORDDEMENT·MERIDIAN 61-226TENNIS EXPANSION:SELLER OF KEGS:CONTRACT FORBELK PROPERTY:METRO NARCOTICSBUDGET:It was moved by Alderman Bailey, seconded byAlderman Howell to approve Jeff Williams asengineer for the Tennis Expansion, per therecommendation from Oxford Park Commission.All the aldermen voting aye, Mayor Pattersondeclared the motion carried.It was moved by Alderman Morgan, seconded byAlderman Bailey to authorize Bikini Beer and Joe'sCraft Beer, LLC as sellers of kegs. All thealdermen voting aye, Mayor Patterson declared themotion carried.It was moved by Alderman Bailey, seconded byAlderman Williams to authorize Mayor Patterson tosign the contract with Belk Properties. The contractwill state the Belk's will demolish the last one thirdofthe Oasis Building and put up a wall and the Citywill take care of the waste created from thedemolition. The Belk's will be required to obtain aCertificate of Occupancy. All the aldermen votingaye, Mayor Patterson declared the motion carried.It was moved by Alderman Howell, seconded byAlderman Antonow to approve the Metro Narcotics2013 Budget. All the aldermen voting aye, MayorPatterson declared the motion carried.III

DEPARTMENT:381METRO NARCOTICSMINUTE BOOK NGJr63J;~IT'fIOF OXFORDDEMENT MERIDIAN 61 0226YTD PROPOSED201112012 as of 8/24112 2012-7013,,ISalaries $204,076.10 $187,82528 $209,671.43Retirement 26,387.04 25,92640 30,716.86Overtime 25,000.00 13,432.86 25,000.00FICA 15,611.82 15,034.05 16,039.87Health & Li fe 1 ns. 21,000.00 18,928.08 21,309.00 ,Longevity Pay Plan 2,177.30 3,341.37 3,757.36Is "Jplies:TOTAL $294,252.26 $264,488.04 $306,494.52I,:2011/2012 as of 8/24112 2011-2013iClothing $2,400.00 $2,400.00 $2,400.00,Operating Supplies $14,000.00 $13,079.34 $16,000.00TOTAL $16,400.00 $15,479.34 $18,400.00o ler Services and Charges:IC pitalOutlay:2011/2012 as of 8/24112 2012/2013Training $1,500.00 $0.00 $1,500.00Communications $4,000.00 $2,68378 $4,000.00 iFuel $20,000.00 $13,645.73 $20,000.00Information and Buy $10,000.00 $12,197.00 $15,000.00MoneyVehicles $32,000.00 $32,145.35 $0.00Vehicles Maintenance 10,000.00 812.46 10,000.00and RepairTOTAL $77,500.00 $61,484.32 $50,500.00:2010/2011 as 0 f 8/24112 2012/2013Equipment $2,000.00 $0.00 $2,000.00TOTAL $2,000.00 $0.00 $2,000.00,G AND TOTAL: PROPOSED BUDGET $390,152.26 $377,394.52II!I

382 6MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-226INTERN:TAXI DRIVERPERMIT:TRAINING:TRAINING:NATIONAL FIREACADEMY'S FIRE ARSONORIGIN CAUSE CLASS:ORDINANCE 2012-8:COMMUNICA TlONSOFFICER:RESIGNATION:ADVERTISEMENT:It was moved by Alderman Morgan, seconded byAlderman Bailey to approve John P. O'Conner asan intern with Oxford Police Department. All thealdermen voting aye, Mayor Patterson declared themotion carried.It was moved by Aldennan Morgan, seconded byAlderman Howell to approve Kenny T. Cooper as ataxi driver. All the aldermen voting aye, MayorPatterson declared the motion carried.It was moved by Alderman Antonow, seconded byAlderman Howell to approve four officers to attendtraining in Tupelo, MS on October 16-18,2012 witha cost of $200.00. All the aldermen voting aye,Mayor Patterson declared the motion carried.It was moved by Alderman Bailey, seconded byAlderman Howell to approve nine officers to attendtraining in Meridian, MS on October 22-26, 2012with a cost of$3,510.00. All the aldermen votingaye, Mayor Patterson declared the motion carried.It was moved by Alderman Morgan, seconded byAlderman Williams to approve assistant fire chief toattend National Fire Academy's Fire Arson OriginCause Investigation Class on September 23 -October 5, 2012 with a cost of$300.48. All thealdermen voting aye, Mayor Patterson declared themotion carried.It was moved by Alderman Morgan, seconded byAlderman Bailey to adopt Ordinance 2012-8, "ANORDINANCE AMENDING SECTION 38-178,APPOINTMENT OF MEMBERS, TO THE CITYOF OXFORD CODE OF ORDINANCES." SaidOrdinance is recorded in Book 8 of the City ofOxford Code or Ordinances. All the aldermenvoting aye, Mayor Patterson declared the motioncarried.It was moved by Alderman HowelL seconded byAlderman Bailey to authorize the internaladvertisement for a communications officer. All thealdermen voting aye, Mayor Patterson declared themotion carried.It was moved by Alderman Morgan, seconded byAlderman Bailey to accept the resignation ofBrandon Lee in the Sanitation Department. All thealdermen voting aye, Mayor Patterson declared themotion carried.It was moved by Alderman Howell, seconded byAlderman Williams to authorize the advertisementfor a pool of laborers for the Sanitation Department.III

,7 383MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61·0226All the aldermen voting aye, Mayor Pattersondeclared the motion carried.EXECUTIVE SESSION:It was moved by Alderman Howell, seconded byAlderman Antonow to consider executive sessionfor one personnel issue and three potential litigationissues. All the aldermen present voting aye, MayorPatterson declared the motion carried.It was moved by Alderman Bailey, seconded byAlderman Howell to go into executive session. Allthe aldermen present voting aye, Mayor Pattersondeclared the motion carried.IREGULAR SESSION:SUSPENSION:ADJOURN:It was moved by Alderman Howell, seconded byAlderman Bailey to come out of executive sessionand return to regular session. All the aldermenpresent voting aye, Mayor Patterson declared themotion carried.It was moved by Alderman Morgan, seconded byAlderman Antonow to suspend Harvey Lynch forfour days without pay and to put on probation forninety days in the Sanitation Department. All thealdermen voting aye, Mayor Patterson declared themotion carried.It was moved by Alderman Williams, seconded byAlderman Morgan to adjourn the meeting sine-die.All the aldermen present voting aye, MayorPatterson declared the motion carried.George G. Patterson, MayorI

384MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDiAN 61 ·226UNITED STA IES or AMERICASTATE or fYlISSISSIPPICOUNTY OF LAFAYETTECITY or OXFORDREUULAR i\IITIINUOctober 2. 20126:00 p.m.ICALL TO ORDER:The meeting orthe Mayor and Board of Aldennenof the City of Oxford. Mississippi. was called toorder by fYfayor Pattersoll at 6:00 p.m. on Tuesday. October2.2012. in the court room of Cit)" Hall when and where thefollowing were present:Ueorge U. Patterson - MayorNey Williams- Alderman Ward IE.O. OliYer- Alderman Ward IIJanice Antol1ow- Alderman Ward IIIUlysses Ho,,"ell- Alderman Ward IVPreston Taylor- Alderman Wanl VJason Bailey- Alderman Ward VIJohn Morgan- Alderll1an at Largef\layo i\lallette PIIC - Of CounselBart Robinson- iJirector of Public Worksr .isa Canvyle- ('ity ClerkTim Akers - Dir of Planningi\like Martil1- Chief Oxford Police DeptCary Sallis- Chief of rire DeptEddie Andersoll- Dir. of SanitationAI I lope- Dir of Iluman ResourcesRandy Barber- Director of lluildingBill\ Lamb- Supt. of Bldg & (houndsRob Neely- Supt. of Electric DepartmentIAUENDA:It was moved by Aldennan lIoweli. seconded by Aldennal\Wi lIiams to adopt the agenda for the meeting. All thealdermen present voting aye. Mayor Patterson declared themotion carried.i\1!\'{OR'S RFPOln:We continue to discuss and \\"Ork on the downtown parking issues. Frustrating problems. with nQclear. easy solutions. but to steal r.o·s words again. they are Ureat Problems to be working on. I'We could easily be in the situation of trying to figure out how to get people to come and simpand \isit.To underscore our financial strength and what a good .iob I belie\'e the Board of Aldennen ba\'edone for this community we linanced new equipillent this afternoon at a rate of 1.4 %. To meIthat isiust incredible. We are AA rated. We will continue to look Ill!" creative ways to save tax Ipaver dollars and linance future projects. Sue Fairbanks. our btJl1d attorney with Baker[)onnelson \\ill elaborate in a le\y minutes.Our insurance costs continue to spiraluJ1\vard. and we are looking for ways to keep costs downamI good insurance affordable I(Jr our employees. It is a tough task ill this econOlllY right now.Compliments and kudos keep pouring in fro111 our friends in Texas. Such as" I retired in Austin,1'111 sorry I didn't see Oxl(lnl first. Most li'iendl\' people and communit\" that I "aye e\"Cr visited.""I had heard ahout the Ciro\'e and the l(l\yn beforehand and it was every bit as beautiful andel,joyable as people said." I hope we contitllle to impress our visitors over the next several weeks\vith Ollr hospitality.

385DEMENT-MERIDIAN 61-0226o on y I we ose ormer ayor a amar a er a ong a e WI 1 cancer, we su en y osthe Reverend Julius Minor and Tricia Gibbs. Stalwarts of our community. They contributions onmany levels will be deeply missed. Our prayer is for the families to find Peace quickly.IMINUTES:ACCOUNTS:GENERAL OBLIGATIONNOTE RESOLUTION:It was moved by Alderman Antonow, seconded byAlderman Bailey to adopt the minutes of the specialmeeting on September 18,2012. All the aldermen presentvoting aye, Mayor Patterson declared the motion carried.It was moved by Alderman Howell, seconded by AldermanBailey to approve the payment of all accounts for the City.All the aldermen present voting aye, Mayor Pattersondeclared the motion carried.It was moved by Alderman Howell, seconded by AldermanTaylor to adopt the following resolution for the issuance ofa $500,000.00 General Obligation Note. All the aldermenvoting aye, Mayor Patterson declared the motion carried.II2

386!-~~~~ .. I~YIr~nQ09g~l;i~!1.(t~tn~l:r;(igfgQ~fegijpgationMOOtilR"fNliwoCity of Oxford, Mississippi and, after a-discussion of the subject matter, Alderman Howel Ioffered and moved the adoption of the following resolution:RESOLUTION OF TIlE MAYOR AND BOARD OF ALDERMEN UF THECITY OF OXFORD, MISSISSIPPI DIRECTING THE ISSUANCE OF AFIVE HUNDRED THOUSAND DOLLAR ($500,000) GENERALOBLIGATION NOTE, SERIES 2012 OF THE CITY OF OXFORD,MISSISSIPPI FOR THE PUHPOSE OF RAISING MONEY TOPURCHASE FIRE-FIGHTING EQUIPMENT AND APPARATUS AND TOPURCHASE MACHINEHY AND EQUIPMENT FOR SAID CITY;DIRECTING THE ISSUANCE OF SAID NOTE; PRESCRIBING THEFORM AND DETAILS OF SAID NOTE; PROVIDING CEHTAINCOVENANTS UF SAID CITY IN CONNECTION WITH SAID NOTEAND DIRECTING TilE PREPARATION, EXECUTION AND DELIVERYTHEREOF; RATIFYING THE PUBLICATION OF A NOTICE OF NOTESALE IN CONNECTION WITH SAID NOTE ANI} THE D1STIUBUTIONOF MATERIALS RELATED TO TIlE SALE AND ISSUANCE OF SAID ,INOTE; AND FOR RELATED PURPOSES.I'IWHEREAS, the Mayor and Board of Aldermen of the City of Oxford, Mississippi (the"Governing Body"), acting for and on behalf of the City of Oxford, Mississippi (the "City") areauthorized by Sections 21-33-301 el seq .• Mississippi Code of 1972, as amended (the "City Act")to issue general obligation bonds to raise money for the purposes set forth therein. including, butllnot limited to, purchasing fire-fighting equipment and apparatus and purchasing machinery an41equipment which has an expected useful life in excess often (10) years, including motor vehicle1weighing in excess of twelve thousand (12,000) pounds; and ,WHEREAS. pursuant to Sections 17-21-51 through 17-21-55, Mississippi Code of 1972,1as amended (the "Note Act" and collectively with the City Act, the "Act"), the Governing Body,jacting for and on behalf of the City, is authorized to issue negotiable notes of the City for an,purpose for which the Governing Body is otherwise authorized to issue bonds. notes 0certificates of indebtedness including those set forth in the City Act; and !IWHEREAS, on August 21. 2012, the Governing Body adopted a resolution (the "lntenResolution") declaring the necessity for the sale and issuance of a negotiable note of the City toraise money for the purpose of purchasing fire-fighting equipment and apparatus and purchasin~machinery and equipment which has an expected useful life in excess of ten (10) years, includinmotor vehicles weighing in excess of twelve thousand (12,000) pounds (the "Project")authorizing the publication of a Notice of Note Sale in cOImection with such note (the "Notice")and authorizing the distribution of a proposal for purchase (the "Proposal") and other materialSand information convenient to the sale of such note; andWIIEHEAS, the Project is in accordance with the provisions of the Act; andWHEREAS, the Governing Body is authorized pursuant to the Act to provide fundin~for the Project through the iss~ance of a negotiable note or notes or the City which notes woulbe secured by a pledge of the full faIth, credIt and resources of the CIty; andII

387WHERMIN'fI'lEeBQ(i)KyNG~c68}ilGl1i¥ior;~(ii)flIDvisable to'. ,.. • • •• DE NT· ERIDIAN61·0226Thousand Dollars ($500,000) in order to finance the Project; andWHEREAS, such general obligation note shall be designated the $500,000 City ofOxford, Mississippi General Obligation Note, Series 2012 (the "Note"); andIWHEREAS, pursuant to the direction of the Intent Resolution, the Mayor of the City(the "Mayor") and Baker, Donelson, Bearman, Caldwell & Berkowitz, PC ("Special Counsel")prepared and published the Notice as required by the Note Act in The Oxford Eagle, Oxford,Mississippi, a newspaper having general circulation in the City and qualified under theprovisions of Section 13-3-31, Mississippi Code of 1972, as amended, on September 21,2012and September 28,2012, in the form attached hereto as Exhibit A; and\VHEREAS, the Mayor, Special Counsel and Government Consultants, Inc. (the"Financial Advisor"), pursuant to the Intent Resolution, prepared and distributed the Notice andthe Proposal to prospective purchasers of the Note in the forms attached hereto as Exhibit B; andWHEREAS, at or prior to the hour of 3:30 p.m., Mississippi time, on this 2 nd day ofOctober 2012, there were filed with the Governing Body two (2) sealed proposals on the form ofthe Proposal which are attached hereto as Exhibit C and made a part hereof for the purchase ofthe Note pursuant to the terms and provisions of the Notice as follows:Name of BidderBank of CommerceBancorpSouth BankNet Interest Rate2.90%WHEREAS, each of said Proposals has been read at length and has been considered bythe Governing Body; and1.43IWHEREAS, the Proposal of BancorpSouth Bank (the "Purchaser") produces the lowestinterest rate for the Note; andWHEREAS, the Note Act limits the aggregate amount of debt outstanding under theNote Act at anyone time to the greater of Two Hundred Fifty Thousand and NollOOths Dollars($250,000) or one percent (1 %) of the assessed value of all taxable property within the Cityaccording to the last completed assessment for taxation; and\VHEREAS, the assessed value of all taxable property within the City, according to thelast completed assessment for taxation, is Two Hundred Seventy-Seven Million Two HundredThree Thousand Forty-Two Dollars ($277,203,042); andWHEREAS, one percent (1%) of the assessed value of all taxable property locatedwithin the City is Two Million Seven Hundred Seventy-Two Thousand Thi11y Dollars($2,772,030); and2I

388II--:·rc=======c~. .... ~I~t~Q~~s~~·h§~v~liIXeWIe~~foQ~01laofM'$2e\;~J,lOQ~in outstanding indebtedness under the Note Act; al.1d- ... . .. I, WHEREAS, the issuance of the Note under the Act for the purpose of funding theProject will not exceed any constitutional or statutory limitation upon indebtedness which mayl, be incurred by the City including those set forth in Section 21-33-303 of the City Act; and IiWHEREAS, it is the opinion of the Governing Body that the best interest of the City widbe served by the acceptance 0 f the aforesaid proposal of the Purchaser; andWHEREAS, the issuance of the Note for the purpose of providing funds to finance the IProject will result in a substantial public benefit to the citizens of the City; andI,VIIEREAS, it has now become necessary that the Governing Body proceed to makJprovision for the preparation, execution, issuance and delivery of the Note.NOW, THEREFORE, BE IT IillSOL VED BY TIlE MAYOR AND BOARD OFALDERMEN OF THE CITY, ACTING FOR AND ON BElIAL!

1I.....oIIIl389of and the interMlNltlT6eBQOKsN(b:63,lQ;)P¥ Q~DXfigRDcted in the• • DE NT·MERIDIAN 61·0226Iwhich shall be so extended shall be sufficient in each year fully to produce the sums required asaforesaid, without limitation as to rate or amount. The avails of said tax are hereby irrevocablypledged for the payment of the principal of and interest on the Note as the same shallrespectively mature and accrue. Should there be a failure in any year to comply with therequirements of this Section 5, such failure shall not impair the right of the registered holder ofthe Note in any subsequent year to have adequate taxes levied and collected to meet theobligations of the Note, both as to principal and interest.SECTION 6. The Note will be dated and bear interest from the date of its delivery; willbe delivered in the denomination of $500,000; will be numbered R-I; will be issued in registeredform; and will bear interest, payable on April I and October I of each year commencing on April1, 2013, at the rate of 1.43% per annum. Interest will be payable by check or draft ofBancorpSouth, Bank, Tupelo, Mississippi (the "Paying and Transfer Agent") made payable tothe registered holder of the Note as of the close of business on the date which shall be thefifteenth (15th) day (whether or not a business day) preceding such interest payment date andnamed in and mailed to the address appearing on the registration books of the City kept andmaintained by the Paying and Transfer Agent (the "Registration Books"). Interest on the Notewill be computed on the basis of a 365-day year.Principal of the Note will be payable at the principal corporate trust office of the Payingand Transfer Agent on October I in the following years and amounts:IYearl>rincipalAmount2013 $ 95,0002014 100,0002015 100,0002016 100,0002017 105,000SECTION 7. The Note will be subject to redemption prior to maturity, at the option ofthe City, in whole or in part, on any date, at the principal amount thereof together with accruedinterest to the date fixed for redemption and without premium. Notice of each such redemptionshall be mailed, postage prepaid, not less than two (2) business days prior to the redemption date,to the registered owner of the Note to be redeemed at the address appearing on the registrationbooks of the City maintained by the Paying and Transfer Agent.If the Note is redeemed in part, amounts paid in connection with such partial redemptionshall be applied first to interest to the extent then accrued and the remainder shall be applied toprincipal installments due thereunder as determined by the Governing Body. In case the Note isto be redeemed in part only, the notice of redemption for the Note shall state the part or portionthereof to be redeemed.Notice having been given in the manner and under the conditions hereinabove provided,the Note or portions thereof so called for redemption shall, on the date designated for redemption4I

390in sucl~4T~JtQQI~uN~h~le

I~391MINUTE BO(i)1(RNo.F68;rCITY OF OXFORDDEMENT-MERIDIAN 61-0226THE SALE, ASSIGNMENT, REPLACEMENT OR TRANSFEROF THIS NOTE IS SUBJECT TO THE RESTRICTIONS IMI)OSEDTHEREON BY THE WITHIN MENTIONED RESOLUTIONIRegisteredNo. R-IUNITED STATES OF AMERICACITY OF OXFORD, MISSISSIPPIGENERAL OBLlGA TlON NOTE,SERIES 2012$500,000The City of Oxford, Mississippi (the "City") for value received, hereby promises to payto Regions Bank, as registered holder hereof, or its legal representatives or registered assigns ashereinafter provided (the "Registered Holder") at the times and in the amount set forth below, theprincipal sum ofIFIVE HUNDRED THOUSAND DOLLARSin any coin or currency of the United States of America which, on the date of payment thereof islegal tender for the payment of public and private debts, and to pay in like coin or currency,interest thereon from and including the date hereof at the rate of 1.43% per annum payable onApril I and October I, commencing April 1,2013. Interest will be payable by check or draft ofBancorpSouth Bank, Tupelo, Mississippi (the "Paying and Transfer Agent") made payable to theRegistered Holder of this Note as of the close of business on the date which shall be the fifteenth(15th) day (whether or not a business day) preceding such interest payment date and named inand mailed to the address appearing on the registration books of the City held and maintained bythe Paying and Transfer Agent. Interest on this Note will be computed on the basis of a 360-dayyear consisting of twelve (12) thirty (30) day months. Principal of the Note will be payable atthe principal corporate trust office of the Paying and Transfer Agent on October I in thefollowing years and amounts:YearPrincipalAmount2013 $ 95,0002014 100,0002015 100,0002016 100,0002017 105,000This Note is issued pursuant to the authority of and in full compliance with Sections17-21-51 through 17-21-55, Mississippi Code of 1972, as amended (the "Note Act") andSections 21-33-301 et seq., Mississippi Code of 1972, as amended (the "City Bond Act" andtogether with the Note Act, the "Act") and resolutions duly adopted by the Mayor and Board ofAldermen of the City on August 21, 2012 and October 2, 2012 (collectively, the "Resolution").6I

I~ I!u_.. ~I392This NM~NY,j[~~~g!

-,393The CitMlNUT~n8QO~sNo.g6S,1

394~~M~I~~~MD~ ~1~JI.{;~J;"~ff~QBRIONDEMENTMERIDIAN"'"This is the Not-e describe,d in the within menti:ned Resolution of the Mayor and-Board of IIAldermen of the City of Oxford, Mississippi. ,BANCORPSOUTH BANK, as Payingand Transfer AgentDate of Registration and Authentication: _________ _By ________________________ __Authorized SignatoryISTATE OF MISSISSIPPICOUNTY OF LAFAYETTEREGISTRATION CERTIFICATEL the undersigned City Clerk of the City of Oxford, Mississippi, do hereby certify that thewithin Note has been validated and conlirmed by decree of the Chancery Court of LafayetteCounty, Mississippi, rendered on the day of October, 2012 pursuant to the Act and thatthe Note has been registered as an obligation of said City pursuant to law in a record kept in my Ioffice for that purpose,(SEAL)City Clerk of the City of Oxford,MississippiFORVALUEASSIGNMENTRECEIVED, the undersigned sells, assigns and transfers unt9I(Name and Address of Assignee)Ithe within Note and does hereby irrevocably constitute and appointlas registrar and transfer agent to transfer the within Note on thllrecords kept for registration thereof with full power of substitution in the premises, ,I9I

395MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0226I(Bank, Trust Company or Paying Agent)(Authorized OfficerDate of Assignment: _________ _Insert Social Security Number or other TaxIdentitication Number of AssigneeNOTICE: The signature to this--lAssignment must correspond with thename of the registered holder as it appearsupon the face of the within Note in everyparticular, without any alteration whatever,and must be guaranteed by a commercialbank or trust company or a member of anational securities exchange who is amember of a Medallion SignatureGuarantee Program.[END OF FORM OF NOTE]ISECTION 10. Subject to the restrictions contained herein, the registration of the Notemay be transferred upon the Registration Books upon delivery to the Paying and Transfer Agent,accompanied by a written instrument or instruments of transfer in form and with guaranty ofsignatures satisfactory to the Paying and Transfer Agent, duly executed by the registered holderof the Note or by his attorney-in-fact or legal representative, containing written instructions as tothe detail of transfer of the Note, along with the social security number or federal employeridentification number of such transferee. In all cases of a transfer of the Note, the Paying andTransfer Agent shall at the earliest practical time according to the provisions of this resolutionenter the transfer of ownership in the Registration Books and shall deliver in the name of thetransferee a new fully registered note identical to the Note. The City may charge the registeredholder of the Note for the registration of every such transfer of the Note sumcient to reimburse itfor any tax, fee or any other governmental charge required (other than by the City) to be paidwith respect to the registration of such transfer, and may require that such amounts be paidbefore any new such Note shall be delivered.The Note may only be transferred upon compliance by the registered holder of the Notewith the terms and provisions of this resolution, specifically, the registered holder of the Notemust obtain from the purchaser or transferee thereof, and deliver to the City on or before theclosing date thereof, a document satisfactory to the City to the effect that:(a) such purchaser is purchasing the Note for its own account for the purpose ofinvestment and not with a view towards distribution or resale;(b) such purchaser has knowledge and experience in financial matters and is capableof evaluating the merits and risk of purchasing the Note;(c)such purchaser has read and fully understands this resolution;10I

396r:- 01MINur~uWJ~~ ~!l ~rtC'J"¥ o~ :CXfsQcRll from,!I;\i;,~,tlclllkthelilforl1?atlOn, documents andmatcrillis which It regards as· necessarY to evaluate tile merits.!.and nsks of Its purchase of the Note;•• ( e) such purchaser recognizes that Baker, Donelson, Bearman, Caldwell &1I Berkowitz, P.C. ("Special Counsel") is not responsible for any information contained in o~omitted from materials regarding the City and the Note, this resolution and the Note an~acknowledges that it does not look to Special Counsel to obtain such information on its behalf;,andI(I) while it has no present intention to resell or otherwise dispose of all or any part ofthe Note purchased by it, such purchaser assumes responsibility for disclosing all material'information in.compliance with all applicable federal and state securities laws in the event of itl·resale or transfer of tire Note.The above limitation shall not prohibit the Purchaser from selling or transferringparticipation interests in the Note to other national or state banks or similar institutions providedlthat the holders of such participation interests shall provide a document similar to the one setlforth above satisfactory to the City and Special Counsel, and such holders shall have no right t(1,sell or transfer their participation interests without prior approval of the City except to th~Purchaser.If the date for payment of the principal of and interest on the Note shall be a Saturday,;Sunday, legal holiday or a day on which banking institutions in the City are authorized by law oliexecutive order to close, the.n the date for such payment shall be the next succeeding day WhiC~liis not a Saturday, Sunday, legal holiday or a day on which such banking institutions arauthorized to close, and payment on such day shall have the same force and effect as if made 0the normal day of payment.SECTION 11. (a) So long as the Note shall remain outstanding, the City shallmaintain with the Paying and Transfer Agent records for the registration and transfer of the NoteThe Paying and Transfer Agent is hereby appointed registrar for the Note, in which capacity th ,Paying and Transfer Agent shall register in such records and permit to be transferred thereonunder such reasonable regulations as may be prescribed, any Note entitled to registration 0transfer.I(b) The City shall payor reimburse the Paying and Transfer Agent for reasonable fee~for the performance of the services normally rendered and the incurring of normal expensereasonably and necessarily paid as are customarily paid to paying agents, transfer agents annote registrars, subject to agreement between the City and the Paying and Transfer Agent. FeeSand reimbursements for extraordinary services and expenses, so long as not occasioned by thenegligence, misconduct or willful default of the Paying and Transfer Agent, shall be made by th~City on a case-by-case basis, subject, where not prevented by emergency or other exigenlcircumstances, to the prior written approval of the Governing Body.iI(c) (I) A Paying and Transfer Agent may at any time resign and be discharged ofits duties and obligations as Paying and Transfer Agent, by giving at least sixty (60) daysIII

397resolution· shall specify the ~ate on whic;l such removal s;lall take effect and the l~ame-·and address of the successor Paying and Transfer Agent, and shall be transmitted to thePaying and Transfer Agent being removed within a reasonable time prior to the effectivedate thereof; provided, however, that no resignation or removal of a Paying and TransferAgent shall become effective until a successor Paying and Transfer Agent has beenappointed pursuant to this resolution.II(2) Upon receiving notice of the resignation of the Paying and Transfer Agent,the City shall promptly appoint a successor Paying and Transfer Agent by resolution ofthe Governing Body. Any appointment of a successor Paying and Transfer Agent shallbecome eftective upon acceptance of appointment by the successor Paying and TransferAgent. If no succeSSDr Paying and Transfer Agent shall have been SD appDinted and haveaccepted appointment within thirty (30) days after the notice of resignation, the resigningPaying and Transfer Agent may petition any court of cDmpetent jurisdictiDn fDr theappDintment of a success Dr Paying and Transfer Agent, which court may thereupon, aftersuch notice as it may deem appropriate, appDint a successor Paying and Transfer Agent.(3) In the event of a change of Paying and Transfer Agents, the predecessorPaying and Transfer Agent shall cease to be custodian of any funds held pursuant to thisresDlution in connection with its role as such Paying and Transfer Agent, and thesuccessor Paying and Transfer Agent shall becDme such custodian; provided, however,that befDre any such delivery is required tD be made, all reasonable fees, advances andexpenses of the retiring Dr remDved Paying and Transfer Agent shall be hIlly paid. EverypredecessDr Paying and Transfer Agent shall deliver tD its succeSSDr Paying and TransferAgent all bDDks Df account, registration recDrds and all other recDrds, dDcuments andinstruments relating to its duties as such Paying and Transfer Agent.I(4) Any successor Paying and Transfer Agent appointed under the provisionshereof shall be a bank, trust company or national banking association having FederalDeposit Insurance Corporation insurance of its accounts, duly authorized to exercisecorporate trust powers and subject to examination by and in good standing with thefederal and/or state regulatDry authDrities under the jurisdictiDn of which it falls.(5) Every successor Paying and Transfer Agent appDinted hereunder shallexecute, acknowledge and deliver tD its predecessor Paying and Transfer Agent and to theCity an instrument in writing accepting such appDintment hereunder, and thereupDn suchsuccessor Paying and Transfer Agent, without any further act, shall become fully vestedwith all the rights, immunities and pDwers, and be subject tD all the duties andDbligatiDns, of its predecessor.(6) ShDuld any transfer, assignment or instrument in writing be required by anysucceSSDr Paying and Transfer Agent from the City to mDre fully and certainly vest insuch succeSSDr Paying and Transfer Agent the estates, rights, powers and duties herebyvested or intended tD be vested in the predecessor Paying and Transfer Agent, any such12I

398:c======="~~Wtsf~T&i§QQ ~~~iti~, i~nlnJ;~)f;hQ,XfrPAg~t,ackno\vledgedancl delivered by the City.--~~N'WOilawoo,.... II(7) The City will provide any successor Paying and Transfer Agent with certifie?copies of all resolutions, orders and other proceedings adopted by the Governing Bodyrelating to the Note.(8) All duties and obligations imposed hereby on a Paying and Transfer Agent asuccessor Paying and Transfer Agent shall terminate upon the accomplishment of aduties, obligations and responsibilities imposed by law or required to be performed bthis resolution. 1(d) Any corporation or association into which a Paying and Transfer Agent may bf'converted or merged, or with which it may be cOllsolidated or to which it may sell or transfer i sassets as a whole or substantially as a whole, or any corporation or association resulting from all'such conversion, sale, merger, consolidation or transfer to which it is a party, shall be andbecome successor Paying and Transfer Agent hereunder and vested with all the power~,discretions, immunities, privileges and all other matters as was its predecessor, without thexecution or filing of any instrument or any further act, deed or conveyance on the part of eith~the City or the successor Paying and Transfer Agent, anything herein to the contrarnotwithstanding, provided only that such successor Paying and Transfer Agent shall b'satisfactory to the City and eligible under the provisions of Section II(c)(4) hereof,SECTION 12, In case the Note shall become mutilated or be stolen, destroyed or lost,the City shall, if not then prohibited by law, cause to be delivered a new Note of like dat~,number, maturity and tenor in exchange and substitution for and upon cancellation of SIlCmutilated Note, or in liell of and in substitution for such Note stolen, destroyed or lost, upon tregistered holder's paying the reasonable expenses and charges of the City in connectio'therewith, and in case of a Note stolen, destroyed or lost, his filing with the City or Paying anTransfer Agent evidence satisfactory to it or them that sllch Note was stolen, destroyed or los,and of his ownership thereof. and furnishing the City or Paying and Transfer Agent with sucsecurity or indemnity as may be required by law and by them to save each of them harmless frorall risks, however remote.IISECTION 13. The Note shall be prepared and executed as soon as may be practicableafter the adoption of this resolution and shall be delivered thereafter to the Purchaser.SECTION 14. If (a) the City shall payor cause to be paid to the holder of the Note tJ'~principal of, and interest to become due thereon at the times and in the manner stipulated thereiand herein, (b) all reasonable fees and expenses of the Paying and Transfer Agent shall ha ebeen paid, and (c) the City shall have kept, performed and observed all and singular thecovenants and promises in the Note and in this resolution expressed as to be kept, performed anpobserved by it or on its part, then the Note shall cease to be entitled to any lien, benefit ejrsecurity under this resolution and shall no longer be deemed to be outstanding hereunder. jlSECTION 15. The person in whose name the Note shall be registered in the records fthe City kept and maintained by the Paying and Transfer Agent may be deemed the absolu e13I

,399holder thereoffcM1WCfsE, SOGKnNor 63;cGliJ)¥hOImQKfFGA&st on the• . MENT ERIDIAN61-0226representative, but such registration may be changed as herein provided. All such payments shallbe valid and effectual to satisfy and discharge the liability upon the Note to the extent of the sumor sums so paid.ISECTION 16. (a) The City shall maintain with a qualified depository thereof a fund (the"Series 2012 Note Fund") in its name for the payment of the principal of and interest on the Noteand the payment of the Paying and Transfer Agent's fees in connection therewith. There shall bedeposited into the Series 2012 Note Fund as and when received:(1) the avails of any of the ad valorem taxes levied and collected pursuant toSection 2 hereof;(2) any income received from investment of monies in the Series 2012 NoteFund; and(3) any other funds available to the City which may be lawfully used forpayment of the principal of and interest on the Note, and which the Governing Body, inits discretion, may direct to be deposited into the Series 2012 Note Fund.(b) As long as any principal of and interest on the Note remains outstanding, the Clerk ishereby irrevocably authorized and directed to withdraw from the Series 2012 Note Fundsufficient monies to make the payments herein provided for and to transfer same to the accountof the Paying and Transfer Agent in time to reach said Paying and Transfer Agent at least one (I)business day prior to the date on which said principal and interest shall become due.ISECTION 17. (a) The principal proceeds received upon the sale of the Note shall bedeposited with a qualified depository of the City in a special fund, hereby created, in the name ofthe City designated the "Series 2012 Note Project Fund" from which there shall be first paid bythe Clerk all expenses, premiums, fees and commissions incurred and deemed necessary oradvantageous in connection with the authorization, sale, issuance, validation and delivery of theNote, including but not limited to, Special Counsel fees and legal expenses, Financial Advisorfees and expenses, City counsel fees and expenses and all claims that may have been incurred todate in connection with the Project, which payments shall subsequently be approved and ratifiedby the Governing Body.(b) The balance of such proceeds shall be used, to the extent permitted by law, (I) for theProject or to reimburse the City for any expenses in connection with the Project to the extentpermitted by the Internal Revenue Code of 1986, as amended (the "Code"); (2) to payengineering, fiscal, trustee, printing, accounting, construction manager, feasibility consultant,legal expenses and development expenses incurred in connection with the Project or to reimbursethe City for any expenses in connection with the Project to the extent permitted by the Code, andthe issuance of the Note; (3) to pay the premium or premiums on any insurance or any form ofguarantee obtained from any source to assure the prompt payment of principal and interest on theNote when due; and (4) to pay costs related to any suits and proceedings in connection with theProject, including any costs of settlement thereof.14I

Ir400'.1,~~~1i. ~199t!

,401sE,cTldtIIINliTEn8Q0K1IN01pt63~J'¥piOFh(j))(Fi9RDl p~X.~~f"ER'D"N"0226SECTION 25. If anyone or more of the provIsIons of this resolution shall for anyreason be held to be illegal or invalid, such illegality or invalidity shall not affect any of the otherprovisions of this resolution, but this resolution shall be construed and enforced as if such illegalor invalid provision or provisions had not been contained herein.IAlderman Taylor seconded the motion to adopt the foregoing resolution, and the questionbeing put to a roll call vote, the result was as follows:Alderman Ney Williams voted:Alderman E.O. Oliver voted:Alderwoman Janice Antonow voted:Alderman Ulysses Howell voted:Alderman Preston E. Taylor voted:Alderman Jason Bailey voted:Alderman John Morgan voted:AyeAyeAyeAyeAyeAyeAyeThe motion having received the affirmative vote of a majority of the members of theGoverning Body present, being a quorum of said Governing Body, the Mayor declared themotion carried and the resolution adopted this 2 nd day of October, 2012.1134399290291412I16I

402MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-226IEXHIBIT APROOF OF PUBLICATION OF NOTICE OF NOTE SALEII

.,~QnCE QF NOTE SALE" $500,000CITY OF OXFORD."'~SSISS'PPIGENERAL QBug~nONNOTE, SERIES 2012NOTICE IS HEREBY GIVENthat theAlderme (the ~GoljerningBody") 0 the City of Oxford,Mississi pi (the "City") willreceive bids fl tile Ofticeof the C y Clerk in the CityHall of Ih City located at 107Courth e Square in the Cityuntil the our of 3:30 p.m. onOctober 2012, at which timesaid _ . be pubicIy openedby the Ci Clerk and read forlthe pure sa at nQt less thanpat of ,000 City of Oxford,Mississl . General ObWgationNote, ~ 2012 (the "Note"),'at whdl said proposals wi!be opened and ~ IQrthf:i p~" -9 of the Note.Th!i1 N ~ will be dateq andbear _ e&t from the d~te ofits deJb(, ; will be delivered Inthe" ination of $500,001,);will be n mbered R-I; will beissl.l8d· registered fonn; andwill be interest, payable onAprilt d October 1 Df eachyear co mencing on April 1,2013, a the rate of interestspecifi d in the proposalsubmitt . by the successfulbidder i accordance with thisNotice Note Sale. Interestwill be ayable by check ordraft of bank or banks to benamed !he City (the "Payingand Tr sfer Agent") madepayable the registered ownerof the ate named in, andmaied "" address appeamgon the gistration books ofthe City I and maintained bythe Pa . g and Transfer Agent.Princi aI of the Note will bepayabl at the principalCQrpor e trust office 01 thePaying Transfer Agent onOctober 11 the following yearnIand am unts: PrincipalY r Amount~o 95,00020 100,00020 100,00020 100,00020 105,000TheI~ wi~ be subjecl: toon prior to maturity,~pon 01 the Gity, inin part, QO any date, .IIIllOIII1I "1lIl"'Iwitt! ~~d interest_ for redemptionu!J1 premi4m. Noticeuch rademption shalibe mao U, j10stage prepaid,not Ie. tnan two (2) businessdays p or to the redemptiondate, the registered ownerof the ate 10 be redeemedappearing on theion books 01 the Citymain ed by the Paying andTransf r AgentTh Note will be issuedpursu t to the provisions ofSeCiio s 21-33-301 et seq.,Missls ppi Cude of 1972, asd (the "City Act") anp17-21-51 through 17-Mississippi Code ofamended (the nNotetogether with the City"Act"). The Note isto raise ffi90ey forse of purchasing fire-9 equipment andtlls and' purchasingaoo equlment 'Nhdlexpected uselullife inof ten (10) years,inolu ing motor vehiclesweigh 9 In excess of twelyethous d (12,000) pounds,cer1ain costs inCidentar!date shall be a ganeraln of the City. The full, and resources of the~~tosecurement of the principalinterest on the NoteNote shall be payablead valorem tax to be'''''''\'-ut limit as to rate ornt upon all taxablewithin the City.. The Nots Is to be so~ at parand 'IS to be aVJE.Y~ to It!ebidder

404liquidated damages Petidingthe application 0' the g'll"1 N U"T'Gl1n DA ~rllttII"'e~WftlftO.faith deposit of the succeslVllbidder as aforesaid s,reh%0 o/'r:Mssfir! bidrjershal! notI d~posft may be invested tn have accepied deliWry of anddirect obligations of, orpaid for the Note, and ih suchobligations guaranteed by theevent the City shaH relain theUnited States of America or Insuccessful bidder's good faithrepurchase agreements withdeposit as liquidated damages.banks fully secured by suchFurther information may beI obligations, and the City snail ob1ained from Lisa Carwyle,be entltfed to any income from City Clerk, City of Oxford, 107any such investmentCourthouse Square, Oxford,The Goveming 8OOy' reservesMississippi 38655 telephone:thti ngt,t 1o reject any or aIr(662)232-2312. or from thepropasalti as well as the rightjCity's financial advisor.to waive any irregularity orGovemment Consultants, Inc.,infonnalltyin any proposal. AJJ1830 Crane Rid'ge Drive.proposals shan be submitled on Jackson, MississippI 39216,a Proposal for Purchase which telephone: (601)982-0005.,may be obtained from Usaattention: Mr. Demery Grubbs.Carwyle, City Clerk, City of DATED: September 1 B,Oxford, 107 Courthouse 2012Square, Oxford, MississippiCITY OF OXFORD,3B655 telephone: (662)232-MISSISSIPPI2312, Of from the City·s financial By Isllisa Carwyleadvisor, Government City ClerkConsultants. Inc .. 1830 CranePublish: September 21 andRidge Drive, Jackson, 28,2012.Missfssippl39216, telephone:(601)982·0005, attention: Mr.Demery Grubbs.In the opinion of SpecialCounsel, asst.n1ling complianceby the City with certain taxcovenants, under existingstatutes, regulations, rulingsand court decisions, intereston the Note is excluded fromgross income for federal ncometax purposes. Furthermore,interest on the Note is nol anitem of tax preference forpurposes of the federalalternative minimum taximposed on individuals andCQipotaliol,s; however, intereston tHe ~ is Bken inIo accountin determining adjusted cuTTBrrtearnings for purposes ofcomputing the alternativeminlmuin tax imposed onco~. Special Counselwill express no olher opinionregarding other federal taxconsequences resullng from theownership, receipt or accrualof interest on or disposition ofthe Note. In addition, SpecialCounsel is further of the opinionthat under and pursuant to theAct. the Note and interestthereon are exempt from aUincome taxes imposed by theSlate of MississippiThe final approving opinionot Special Counsel relating tothe vafidity and tax exemptionof the Note, together with anon-litigation certificate of theCity dated the date of deliveryof the Note, and a transcript ofthe proceedings relating to theNole will be delivered to thesuccessful bidder withoutcharge.The successful bidder witt begiven at least seven (7) rusinessdays advance notice of theproposed _ of delfvety of ..,Note when that date hEls beententatively detennined. TheNote will be -..,.,,, 0xf0T

,MINUTE BOOK No. 63, CITY OF OXFORD405DEMENT-MERIDIAN 61-0226IEXHIBIT BNOTICE OF NOTE SALE ANDFORM OF PROPOSAL FOR PURCHASEII

406~~~~M~I~N~U~T~E~B~O~O~K~~~~~I~~~~~~~¥~sQ~~~O~X~FO~R~D~~DeMeNcMCRmN""~,1$500,000CITY OF OXFORD, MISSISSIPPIGENERAL OBLIGATION NOTE, SERIES 2012'IINOTICE IS HEREBY GIVEN that the Mayor and Board of Aldermen (the "Governing Body"of the City of Oxford, Mississippi (the "City") will receive sealed bids in the Office of the City Clerk ithe City Hall of the City located at 107 Courthouse Square in the City until the hour of 3:30 p.m. aOctober 2, 2012, at which time said bids will be publicly opened by the City Clerk and read for thpurchase at not less than par of $500,000 City of Oxford, Mississippi General Obligation Note, Serie2012 (the "Note"), at which time said proposals will be publicly opened and read for the purchase of thN~.IIThe Note will be dated and bear interest from the date of its delivery; will be delivered in th¢denomination of $500,000; will be numbered R-l; will be issued in registered form; and will bear interest,payable on April 1 and October 1 of each year commencing on April 1, 2013, at the rate of interestspecified in the proposal submitted by the successful bidder in accordance with this Notice of Note Sale;Interest will be payable by check or draft of a bank or banks to be named by the City (the "Paying anTransfer Agent") made payable to the registered owner of the Note named in, and mailed to the addresappearing on the registration books of the City kept and maintained by the Paying and Transfer Agent.Principal of the Note will be payable at the principal corporate trust office of the Paying anTransfer Agent all October I in the follovving years and amounts:YearPrincipalAmount2013 $ 95,0002014 100,0002015 100,0002016 100,0002017 105,000The Note will be subject to redemption prior to maturity, at the option of the City, in whole or~'pari, on any date, at the principal amount thereof together with accrued interest to the date fixed" rredemption and without premium. Notice of each such redemption shall be mailed, postage prepaid, n ~less than two (2) business days prior to the redemption date, to the registered owner of the Note to bredeemed at the address appearing on the registration books of the City maintained by the Paying an~Transfer Agent.IThe Note will be issued pursuant to the provisions of Sections 2[-33-301 et seq., MississippiCode of 1972, as amended (the "City Act") and Sections 17-21-51 through 17-21-55, Mississippi Code of1972, as amended (the "Note Act" and together with the City Act, the "Act"). The Note is being issued traise money for the purpose of purchasing fire-fighting equipment and apparatus and purchasinmachinery and equipment which has an expected useful life in excess of ten (10) years, including motorvehicles weighing in excess of twelve thousand (12,000) pounds, and paying certain costs incident to thsale and issuance of the NDte.,.1The Note shall be a general obligation of the City. The full faith, credit and resources of the Crlshall be pledged to secure the payment of the principal of and interest on the Note and the Note shall ~FII ,I

407IThe Note is to be sold at par and is to be awarded to the bidder complying with the terms hereofand offering to purchase the Note at the lowest rate of interest to the City. The Note shall bear only onerate of interest as specitled in the proposal which it will bear from its date to its stated maturity date ofOctober 1,2017. The rate of interest on the Note shall not exceed eleven percent (11%) per annum.Bidders must acknowledge in their respective proposals that, contemporaneously with or prior to deliveryof the Note, the City shall receive from the successful bidder a document in form and substancesatisfactory to the City to the effect that:(a) the successful bidder is purchasing the Note for its own account for the purpose ofinvestment and not with a view towards distribution or resale;(b) the bidder has knowledge and experience 111 financial matters and it IS capable ofevaluating the merits and risks of purchasing the Note;(c)the bidder has read and fully understands the resolutions under which the Note is issued;(d) the bidder has had an opportunity to obtain and has received from the City all of theinformation, documents and materials which it regards as necessary to evaluate the merits and risks of itspurchase of the Note;(e) the bidder recognizes that Baker, Donelson, Beannan, Caldwell & Berkowitz, PC("Special COllnsel") is not responsible for any information contained in or omitted from materialsregarding the City and the Note and acknowledges that it does not look to Special Counsel to obtain suchinformation on its behalf; and(I) while it has no present intention to resell or otherwise dispose of all or any part of theNote purchased by it, the bidder assumes responsibility for disclosing all material information Incompliance with all applicable federal and state security laws in the event of its resale of the Note.IAll proposals must be enclosed in a sealed envelope and should be addressed to the GoverningBody, at their offices located at City Hall, 107 Courthouse Square, Oxford, Mississippi 38655 attention:Lisa Carwyle, City Clerk, City of Oxford and worded on the outside, in substance, "Proposal for City ofOxford, Mississippi General Obligation Note, Series 2012". ALL PROPOSALS MUST BEUNCONDITIONAL AND, AS A CONDITIOl\ PRECEDENT TO THE CONSIDERATION OFITS PROPOSAL, EACH BIDDER MUST ENCLOSE WITH IT, AS A GOOD FAITH DEPOSIT,A CERTIFIED OR CASIIIER'S CHECK DRAWN UPON A BANK LOCATED WITHIN THESTATE OF MISSISSIPPI PAYABLE TO THE ORDER OF THE CITY OF OXFORD,MISSISSIPPI FOR TEN THOUSAND AND NO/IOOTHS DOLLARS ($10,000.00). No interest willbe allowed on any good faith deposit. Proposals will be accepted or rejected by the Governing Body onthe date above shown for the sale of the Note. When a proposal is rejected by the Governing Body, thegood faith deposit accompanying said proposal will be returned to the bidder. When a proposal isaccepted by the Governing Body, the good faith deposit accompanying said proposal will be applied aspart payment for the Note or, if the successful bidder fails to comply with this agreement to purchase theNote, will be retained as liquidated damages. Pending the application of the good faith deposit of thesuccessful bidder as aforesaid, such deposit may be invested in direct obligations of, or obligationsguaranteed by the United States of America or in repurchase agreements with banks fully secured by suchobligations, and the City shall be entitled to any income from any such investment.I

408MI~UI~ rSq'U~s~A;g63~e~ITnYOlOFrrQXfo.SQs the d"JillI~,~\~i~"6any irregi:lr~l"f-ITy 6-r ililonna1flY III any proposal. Ail proposals snail be submmed on a i'roposa orO!Purchase which may be obtained from Lisa Carwyle, City Clerk, City of Oxford, 107 Courthouse Square,Oxford, Mississippi 38655 telephone: (662)232-2312, or from the City's financial advisor, Government,Consultants, Inc., 1830 Crane Ridge Drive, Jackson, Mississippi 39216, telephone: (60 I )982-0005,attention: Mr. Demery Grubbs.In the opinion of Special Counsel, assuming compliance by the City with certain tax covenants,under existing statutes, regulations, rulings and COUlt decisions, interest on the Note is excluded fromgross income for federal income tax purposes. Furthermore, interest on the Note is not an item of tax!preference for purposes of the federal alternative minimum tax imposed on individuals and corporations;;however, interest on the Note is taken into account in determining adjusted current earnings for purposes; ,of computing the alternative minimum tax imposed on corporations. Special Counsel will express nojother opinion regarding other federal tax consequences resulting from the ownership, receipt or accrual o~interest on or disposition of the Note. In addition, Special Counsel is fUlther ofthe opinion that under and'pursuant to the Act, the Note and interest thereon are exempt from all income taxes imposed by the Stateof Mississippi.IThe final approving opinion of Special Counsel relating to the validity and tax exemption of theiNote, together with a non-litigation certificate of the City dated the date of delivery of the Note, and atranscript of the proceedings relating to the Note will be delivered to the successful bidder without charge.The successful bidder will be given at least seven (7) business days advance notice of theproposed date of delivery of the Note when that date has been tentatively determined. The Note will bedelivered in Oxford, Mississippi or such other place as the Governing Body shall designate and paymenttherefor shall be made in federal or other immediately available funds.The successful bidder shall have the right, at its option, to cancel its agreement to purchase theNote if the Note to be delivered by the City in accordance with the preceding paragraph is not tendered Ifor delivery within sixty (60) days from the date of sale thereof, and in such event the City shall return tosaid bidder its good faith deposit without interest. The City shall have the right, at its option, to cancel itsagreement to sell the Note if within five (5) days after the tender of the Note for delivery the successfullbidder shall not have accepted delivery of and paid for the Note, and in such event the City shall retain thesuccessful bidder's good faith deposit as liquidated damages.IFurther information may be obtained from Lisa Carwyle, City Clerk, City of Oxford, 107Courthouse Square, Oxford, Mississippi 38655 telephone: (662)232-2312, or from the City'S financial:advisor, Government Consultants, Inc .. 1830 Crane Ridge Drive, Jackson, Mississippi 39216, telephone:,(60 I )982-0005, attention: Mr. Demery Grubbs.IDATED: September 18, 2012CITY OF OXFORD, MISSISSIPPIBy IslLisa CarwyleCity Clerk1131622290291412I

409PROPOSAL FOR PURCHASEMINUTE BOOK N;. 3, CITY OF OXFORDDEMENT·MERIDIAN 61-0226CITY OF OXFORD, MISSISSIPPIGENERAL OBLIGATION NOTE, SERIES 2012October 2, 2012IMayor and Board of AldennenCity of Oxford107 Courthouse SquareOxford, Mississippi 38655Ladies and Gentlemen:For Five Hundred Thousand Dollars ($500,000) principal amount City of Oxford, MississippiGeneral Obligation Note, Series 2012 (the "Note") of the City of Oxford, Mississippi (the "City"), datedas of its delivery, and bearing interest at the rate specified below, we will pay you the aggregate par valliethereof. The principal of the Note will be payable in the amounts and in the years set forth in the Noticeof Note Sale relating to the Note dated September 18,2012 (the "Notice of Note Sale").The Note shall bear interest at the rate ofpercent per annum. This proposalis subject to all the terms and conditions of the Notice of Note Sale which notice by this reference theretois hereby made a part hereof. We hereby acknowledge that we will fully comply with the terms andrequirements of the Notice of Note Sale.IA CERTIFIED OR CASHIER'S CHECK, DRAWN UPON A BANK LOCATED WITHINTHE STATE OF MISSISSIPPI, PAYABLE TO THE ORDER OF THE CITY OF OXFORD,MISSISSIPPI, IN THE AMOUNT OF TEN THOUSAND AND NO/IOOTHS DOLLARS($10,000.00) accompanies this proposal as evidence of good faith and said good faith deposit shall bereturned to the undersigned if this proposal is not accepted, or if the City should fail to deliver said Noteto the undersigned in accordance with the terms of the Notice of Note Sale; otherwise said good faithdeposit shall be held by the City and shall be applied as and when the Note is delivered and paid for underthe terms of this proposal, as part payment therefor, or be applied as and for liquidated damages in theevent that the undersigned fails to take lip and pay for the Note. Pending the application of the good faithdeposit of the successful bidder as aforesaid, such deposit may be invested in direct obligations of, orobligations guaranteed by, the United States of America or in repurchase agreements with banks fullysecured by such obligations, and the City shall be entitled to any income from any sllch investment.This proposal is for immediate acceptance.Bidder ______________________________ ___By ____________________________ ___[Print Name 1[Signature]Title ________________________________ _Address _______________ __Telephone Number ______________________ _I

410(Note: l"IPMi~~r oiIJ.tllOfJ,iQ"jn ~li~ro~~1 i~'i~lJIaK,~n~'\:F~,"'~y cause a rejectionof th,s p~~\,f',"~sDWr~~Q.t1QJ.l,~Mald UFd ~AJerWJiU;,.fhe Cm:,wMQrtI,fflrP,,6Ir~c-~I'iTf5siSsTppTillffie lJffTc1'~6nrr€CITyuCfeFKin the C'!YTraJTTdcaleaatTUTCourtTlOuse Sql,are, Oxford, iI Mississippi 38655 attention: Lisa Carwyle, City Clerk, sealed and worded on the outside, in substance,·Ii "Proposal for City of Oxford, Mississippi General Obligation Note, Series 2012", before 3:30 o'clockp,m., Mississippi time, on October 2, 2012, No interest will be allowed the bidder on the good faith,deposit which accompanies this proposaL)ACCEPTANCEThe above proposal accepted by the Mayor and Board of Aldermen of the City of Oxford,Mississippi, this the 2"d day of October, 2012, and receipt of the within mentioned check is herebyacknowledged,ICITY OF OXJ

,MINUTE BOOK No. 63, CITY OF OXFORD411DEMENT·MERIDIAN 61-02261EXHIBIT CPROPOSALS FOR PURCHASE1I

~I412MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-226rl

413MINUTE BOOK No. 63, CITY OF OXFORDMENT·MERIDIAN 61-0226of this proposa!. Proposals mllst be filed with the Mayor and Board of Aldermen of the City of Oxford,Mississippi in the Office of the City Clerk in the City Hall located at 107 Courthouse Square, Oxford,Mississippi 38655 attention: Lisa Calwyle, City Clerk, sealed and worded on the outside, in substance,"Proposal for City of Oxford, Mississippi General Obligation Note, Series 2012", before 3:30 o'clockp.m., Mississippi time, on October 2, 2012. No interest will be allowed the bidder on the good faithdeposit which accompanies this proposa!.)IACCEPTANCEThe above proposal accepted by the Mayor and Board of Aldermen of the City of Oxford,Mississippi, this the 2'" day of October, 2012, and receipt of the within mentioned check is herebyacknowledged.CITY OF OXFORD, MISSISSIPPIBy ______________ _MayorAttest:City ClerkReturn of the good faith check is hereby acknowledged.By ____________ _Title _____________ _II

414MINUTE BOOK No. 63, CITY OF OXFORDPROPOSAL FOR PURCHASEDEMENT-MERIDIAN 61-226$500,000CITY OF OXFORD, MISSISSIPPIGENERAL OBLIGATION NOTE, SERIES 2012October 2, 2012Mayor and Board of AldermenCity of Oxford107 Courthouse SquareOxford, Mississippi 38655ILadies and Gentlemen:For Five Hundred Thousand Dollars ($500,000) principal amount City of Ox lord, MississippiGeneral Obligation Note, Series 2012 (the "Note") of the City of Oxford, Mississippi (the "City"), datedas of its delivery, and bearing interest at the rate specified belo\\', we will pay you the aggregate par valuethereof The principal of the Note will be payable in the amounts and in the years set forth in the Noticeof Note Sale relating to the Note dated September 18, 2012 (the "Notice of Note Sale"),The Note shall bear interest at the rate of 2,90% percent per annum, This proposalis subject to all the terms and conditions of the Notice of Note Sale which notice by this reference theretois hereby made a part hereor We hereby acknowledge that we will fully comply with the terms andrequirements of the Notice of Note Sale,A CERTIFIED OR CASIIIER'S CHECK, DRAWN UPON A BANK LOCATED WITHINTHE STATE OF MISSISSIPPI, PAYABLE TO THE ORDER OF THE CITY OF OXFORD,MISSISSIPPI, IN THE AMOUNT OF TEN THOUSAND AND N0l100THS DOLLARS($10,000,00) accompanies this proposal as evidence of good faith and said good faith deposit shall bereturned to the undersigned if this proposal is not accepted, or if the City should fail to deliver said Noteto the undersigned in accordance with the terms of the Notice of Note Sale; otherwise said good faithdeposit shall be held by the City and shall be applied as and when the Note is delivered and paid for underthe terms of this proposal, as part payment therefor, or be applied as and for liqurdated damages in theevent that the undersigned fails to take up and pay for the Note, Pending the application of the good faithdeposit of the successful bidder as aforesaid, such deposit may be invested in direct obligations of. orobligations guaranteed by, the United States of America or in repurchase agreements with banks full)secured by such obligations. and the City shall be entitled to any income f1'olll any Stich investment.IThis proposal is for immediate acceptance,BidderBank of CommerceByTitleRobert:0M, ParhamL ,II', rrnt f)lrne]v=L M Jj5-,'l\, ISignature]'tJt.,,,c",:cLO"y'C'" ~"---.r:~=,---,'-'=',---_Telephone Number lA/'v ? ",Lr, t' 1-'1 QI

,(Note415No additi!YItt~Yt!I!2PK ~o. 63, ~IT~J?~"~'!~~~I~ectio~~MENTM,"'D"N"0226i01 LIlIS proposal. Proposals must be filed with the Mayor and Board of Aldermen orthe City of Oxford, iMississippi in the Office of the City Clerk in the City Hall located at 107 Courthouse Square, Oxford,IMississippi 38655 attention: Lisa Carwyle, City Clerk, sealed and worded on the outsicie, in substance,"Proposal for City of Oxford, Mississippi General Obligation Note, Series 2012", before 3:30 o'clockp.m., Mississippi time, on October 2, 2012. No interest will be allowed the bidder 011 the good faithdeposit whIch accompanies this proposal.)IACCEPTANCEThe above proposal accepted by the Mayor and Board of Aldermen of the City of Oxford,Mississippi, this the 2, .. 1 day of October, 2012, and receipt of the within mentioned check is herebyacknowledged.CITY OF OXFORD, MISSISSIPPIA Itest:By -C~-----_________ _MayorCity ClerkRetorn oflhe good faith check is hereby acknowledged.By ____________ __Title-------------IIII, ~

~I416TAX ~Mli BOOK_~Rw~1Q9H~X\lPer~ill~Jo~2~PondetP~TMERmN"'"Alderman Williams to adopt the following resolution forlinal approval of a tax exemption to Ganesh Investments,LLC. All the aldermen voting aye, Mayor Pattersondeclared the motion carried.FINAL RESOLUTION OF OXFORD, MISSISSIPPIGRANTING EXEMPTION FROMAD VALOREM TAXESIThe Board took up for consideration the matter of granting tax exemption from advalorem taxes for GANESIIINVESTMENTS, LLC. and the f()llowing Resolution, having lirstbeen reduced to writing, was introduced.RESOLUTION OF THE OXFORD BOARD OF ALDERMEN, OXFORD, MISSISSIPPI.GRANTING FINAL APPROVAL OF AD V ALOREM TAX EXEMPTION TO GANESHINVESTMENTS, LLC. OXFORD, MISSISSIPPIWHEREAS, heretofore, Ganesh Investments, LLC authorized to do business and doingbusiness in Oxford, Mississippi, and authorized to do business and doing business in the City ofOxford, Mississippi, liled with the Oxford Board of Aldermen, Oxford, Mississippi, anapplication for ad valorem tax exemption, except Oxford School District ad valorem taxes for afive year period from January 1, 2012 - December 3 I, 2016 as authorized by Section 27-31-109,:of the Mississippi Code of 1972, as amended, which said application was approved by the!IOxford Board of Aldermen, Oxford, Mississippi, subject to the approval of the State TaxCommission of the State of Mississippi; andWHEREAS, on the 26th day of September, 2012, the State Tax Commission of the Stateof Mississippi certified the eligibility of said application; andWHEREAS, a copy of the aforesaid State Tax Commission's certilication has beenreceived by the Oxford Board of Aldermen, Oxford, Mississippi, illld recorded in its minutes.NOW, THEREFORE, in consideration of the premises, the Oxford Board of Aldermen,does hereby finally approve said application for ad valorem tax exemption, except OxfordSeparate School District ad valorem taxes [or a live year period from January 1,2012-December 31, 2016. Total true value approved $7,268,041.00.After full discussion of this matter. Alderman Morgan moved that the foregoing resolution beadopted and said motion was seconded by Alderman Williams, and upon the question being putIto a vote, tite vote was as follows:Alderman WilliamsA YE __ _3

417AldermM~TE BO~t< No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0226IAlderman Antnow AYEAlderman Howell AYEAlderman Taylor AYEAlderman Bailey AYEAlderman Morgan AYEWHEREUPON, the foregoing Resolution was declared passed and adopted at a regularmeeting of the Mayor and Board of Aldermen of the City of Oxford, Mississippi; on this 2nd dayof October, 2012.GEORGE G. PATTERSON, MAYORLISA CARWYLE, CITY CLERKIIRESOl.UTION TO REFUNDBONDS:It was moved by Alderman Howell, seconded by AldermanWilliams adopt the resolution authorizing the retimding ofWater and Sewer Bonds. All the aldermen voting aye,Mayor Patterson declared the motion carried.There came on for consideration the maller of the issuance of combined water and sewersystem revenue refunding bonds of the City of Oxford, Mississippi and, after a discussion of thesubject matter, Alderman Howell offered anel moved the adoption of the following resolution:RESOLUTION AUTHORIZING AND DIRECTING THE ISSUANCE OFCOMBINED WATER AND SEWER SYSTEM REVENUE REFUNDINGBONDS, SERIES 2012 OF THE CITY OF OXFORD, MISSISSIPPI IN THEAGGREGATE PRINCIPAL AMOUNT OF NOT TO EXCEED TWOMILLION SEVEN HUNDRED FIFTY TIIOIISAND DOLLARS($2,750,000) FOR THE PURPOSE OF ADVANCE REFUNDING ANDDEFEASING CERTAIN OUTSTANDING MATURITIES OF SAID CITY'S$1,900,000 (ORIGINAL PRINCIPAL AMOUNT) COMBINED WATERAND SEW AGE SYSTEM REVENUE BONDS, SERIES 2003 AND THECITY'S $1,800,000 (ORIGINAL PRINCIPAL AMOUNT) COMBINEDWATER AND SEWER SYSTEM REVENUE BONDS, SERIES 2004;PRESCRIBING THE FORM AND DETAILS OF SAID REFUNDINGBONDS; PROVIDING CERTAIN COVENANTS OF SAIl) CITY INCONNECTION WITH SAID REFUNDING BONDS; DIRECTING THEI'REI'ARATION, EXECUTION AND DELIVERY OF SAID REFUNDINGBONDS; APPROVING THE FORM OF AND AUTHORIZING THEDISTRIBUTION OF A PRELIMINARY OFFICIAL STATEMENT INCONNECTION WITH SAm REFUNDING BONDS; DIRECTING THEPREPARATION AND DISTRIBUTION OF A I

418........ ~tU1JJn ~9rQ,!

419(the "Series 20J'MNUTE: Et9QK ~g~~!'eClJ;¥ aQijeQXfQB~ortiQI.MltERIDIAN"""WHEREAS, the Governing Body has determined that it is in the best interest of the City todesignate Morgan, Keegan & Company, Inc., or its successor in interest, to serve as theunderwriter for the Series 2012 Bonds (the "Underwriter"); andIWHEREAS, the Series 2012 Bonds will be sold to the Underwriter pursuant to the terms andprovisions ora Bond Purchase Agreement by and between the Underwriter and the City(the "Bond Purchase Agreement"); andWHEREAS, there has been presented to the Governing Body the forms of the iollowingdocuments:the Bond Purchase Agreement providing for the terms and conditions of the sale of theSeries 2012 Bonds to the Underwriter,an Escrow Trust Agreement (the "Escrow Agreement") by and between the City and_____ , Mississippi, as escrow trustee (the "Escrow Trustee"), and(c) a Preliminary Official Statement describing the Series 2012 Bonds and othermatters in connection with the sale and issuance of the Series 2012 Bonds; andIIWHEREAS, it appears that each of the documents above referred to, which documents arenow beiore the Governing Body, is in appropriate form and is an appropriate document for thepurposes identified; and\VHEREAS, it has now been determined that certain outstanding maturities of the Prior Bonds(the "Refunded Bonds") should be refunded under the Act; andWHEREAS, the Refunded Bonds and their maturity dates, interest rates, principal amountsand redemption prices are set forth in Exhibit A hereto; andWHEREAS, the Series 2012 Bonds will be secured by a lien on and payable solely from theNet Revenues (as hereinatier detined) of the System; andWHEREAS, said the Series 2012 Bonds will be issued on a parity with the City's $1,500,000(original principal amount) Water and Sewer System Revenue Bonds, Series 1996, datedSeptember I, 1996, the City's outstanding Series 2003 Bonds which are not being refunded withthe proceeds of the Series 2012 Bonds, the City's outstanding Series 2004 Bonds which are notbeing refunded with the proceeds of the Series 2012 Bonds, the City's $3,400,000 (originalprincipal amount) Combined Water and Sewer System Revenue Bonds, Series 2006, dated June1,2006, the City's $2,800,000 (original principal amount) Combined Water and Sewer SystemRevenue Bonds, Series 2007, dated June 1,2007, the City'S $3,450,000 (original principalamount) Combined Water and Sewer System Revenue Bonds, Series 2008, dated February I,2008 and the City'S $8,500,000 (original principal amount) Combined Water and Sewer SystemRevenue Bonds, Series 2011, dated as of May 1,2011 (collectively, the "Water/Sewer Bonds")which are also secured by the Net Revenues of the System; andWHEREAS, the issuance of the Series 2012 Bonds does not exceed any statutory orconstitutional limitation upon indebtedness which may be incurred by the City; andWHEREAS, it is proposed that the Governing Body should take all such additional actions,authorize the execution of such certilicates, applications, reports and notices, and authorize suchother actions and proceedings as shall be necessary in connection with the sale and issuance ofthe Series 2012 Bonds.NOW, THEREI

420WNIrb"t§ ~qQrs!lNJ>--J3~£!-.:ra gef,lPEwe!l2,tineJ!M~tmM~following words and terms shall have tile following meanings, unless some other meaning isplainly intended:"Act" shall mean the Refinancing Act and the Utility Act."Additional Bonds" sballmean additional bonds issued hereafter on parity with the Series2012 Bonds and secured by Net Revenues of the System. I"Bonds" shall mean the Series 2012 Bonds. the Water/Sewer Bonds and anv Additional BondJissued on parity with the Series 2012 Bonds and secured by the Net Revenue; of the Svstem. '1• I"Bond Counsel" shall mean Baker. Donelson, Bearman, Caldwell & Berkowitz. PC, Jackson,Mississippi."Bond Resolution" shall mean this resolution authorizing and directing the issuance of tlleSeries 2012 Bonds."Bond Year" sballmean the period commencing on the date oftlle delivery of the Series 2012Bonds and ending on the ensuing November I and each 12-t1lonth period thereafter until finalmaturity of tile Series 2012 Bonds; provided. however, that the final Bond Year shall end on the'date the Series 2012 Bonds are retired."Business Day" shall mean any day other than (a) a Saturday, (b) a Sunday, (c) any other day'on which banking institutions in New York, New York or Oxford, Mississippi, are authorized orrequired not to be open for the transaction of regular banking business, (d) any day the City lIall:in Oxford. Mississippi is closed. or (e) a day on which the New York Stock Exchange is closed. I"City" shall mean the City of Oxford. Mississippi."City Counsel" shall mean Mayo Mallette PLLC, Oxford, Mississippi."Clerk" shalllllean the City Clerk of the City."Closing" shall mean the date of the delivery of the Series 2012 Bonds."Code" shalll11ean the Internal Revenue Code of 1986, as amended, supplemented orsuperseded and the Regulations promulgated thereunder."Consulting Engineers" shall mean any engineer or engineering finn employed by the City inconnection with the System or l'or the purposes set out in this Bond Resolution."Current Expenses" shall mean the reasonable and necessary current expenses of Illaintenance~repair ancl operation of the System and shall include, without limiting the generality of theIIforegoing, expenses not annually recurring, premiums for insurance, administrative andengineering expenses relating to maintenance, repair and operation, fees and expenses of thePaying Agent, legal expenses. taxes lawfully imposed on the System, reasonable payments topension or retirement funds for employees of the System, General funcl Administration Chargesand any other expense of the System required or permitted to be paid by the City under theprovisions ofthe Bond Resolution or by law. but shall not include any allowance for depreCiatiO[or deposits or transfers to the credit of the 2012 Bond and Interest Fund, the 2012 Debt ServiceReserve fUIll!. the 2012 Depreciation Fund or the 2012 Contingent fund."Debt Service Reserve Fund Requirement" shall mean the lesser of (a) 10% of the statedprincipal amount of the Series 2012 Bonds. (b) the maximulll annual debt service calculated wit 1respect to the Series 2012 Bonds, or (c) 125% of the average annual debt service calculated witl 'respect to the Series 2() 12 Bonds, to the extent permitted by the Code."Financial Advisor" shall mean Government Consultants. Inc .. Jackson, Mississippi."Fiscal Year" shall mean the period commencing 011 the first day of October of any year andending on the last day of September of the Il)\lowing year."General Fund Administration Charges" shall mean charges to the System for its pro rata sharof general City support services. including but liot limited to, personnel, data processing. /inaneaccounting and other generally applicable services."Governing Body" shall mean the Mayor and Board of Aldermen of the City."Mayor" shalllllean the Mayor of the City."Net Revenues" shall mean all Revenues remaining after payment of Current Expenses.III7~i,

,421III"1996 Bond MINUJ,i;1SQQKe N,Q~lt§3Ild~~li~ Q~oQ~fb,QBPll1 f\J.!OlM~ERID

422MINUTE BOOK No. 63 CITY OF OXFORDII • " • • •• 01 61-226Mississippi Combined Water and Sewer System Revenue Bonds, Series 2007, dated June I,2007."Series 2008 Bonds" shall mean the $3,4S0.000 (original principal amount) City of Oxford,Mississippi Combined Water and Sewer System Revenue Bonds, Series 200S. dated February I,'200S."Series 2011 Bonds" shall mean the Combined Water and Sewer System Revenue Bonds.Series 201 L of the City in the aggregate principal amount of$S,SOO,OOO. to be elated May I,2011."Series 2012 Bonds" shall mean the Combined Water and Sewer System Revenue RefundingBonds. Series 2012, of the City in an aggregate principal amount not to exceed $2,7S0.000, to bedated the date of delivery thereof."State" shall tllean the State of Mississippi."System" shall mean the combined waterworks and sewage system of the City, including any'enlargement and extension thereof."2003 Bond Resolution" shall mean the resolution adopted by the Governing 130dy onDecember 16. 2003. authorizing and directing the issuance of the Series 2003 Bonds."2004 130nd Resolution" shall mean the resolution adopted by the Governing Body onNovember 4. 2004. autllOrizing and directing the issuance of the Series 2004 Bonds."2006 Bond Resolution" shall mean the resolution adopted by the Governing Body on June 22006, authorizing and directing the issuance of the Series 2006 Bonds."2007 Bond Resolution" shall mean the resolution adopted by the Governing Body on June 19,2007. authorizing and directing the issuance of the Series 2007 Bonds. 1"200S Bond Resolution" shall mean the resolution adopted by the Governing Body onFebruary 19. 200S. authorizing and directing the issuance of the Series 200S Bonds."20 II Bond Resolution" shall mean the resolution adopted by the Governing Body on May 17,20 II, authorizing and directing the issuance of the Series 20 II Bonds."2012 130nd and Interest Funel" shall mean the fund by that name provided for in this BondResolution."2012 Contingent cund" shall mean the fund by that name provided for in this BondResolution."2012 Current Debt Service Account" slmllmean the subaccount by that name provided for inthis Bond Resolution."2012 Debt Service Reserve Account" shalllllean the subaccoullt by that name provided for iI'this 130nd Resolution."2012 Depreciation Fund" shalllllean the ti.md by that name provided for in this BondResolution."2012 Refunding cunei" shall mean the fund by that name provided for in this BonelResolution."Underwriter" shall mean Morgan. Keegan & Company, Inc., or its successor in interest."Utility Act" shall mean Sections 21-27-11 e/ seq., Mississippi Code of 1972, as amended."Water/Sewer Bonds" shall mean the Series 1996 Bonds, the outstanding Series 2003 Bondswhich are not being refunded with the proceeds of the Series 2012 Bonds, the outstanding Series2004 Bonds which are not being refunded \~ith the proceeds of the Series 2012 Bonds. the serier2006 Bonds, the Senes 2007 Bonds, the Series 200S Bonds and the Series 20 I I Bonds.Words of the masculine gender shall be deemed and construed to include correlative words of!the feminine and neuter genders. and words importing persons shall include finns, partnerships. i~orporat.iOl.1S, trusts and unincorporated organizations. Unless the context shall otherwise ,Imdrcate. \\'ords and terms herell1 defined shall be equally applrcable to the pJUJal as \Vell as the Isingular form of any of such words and terms. I:SECTION 3. Proceeding uncler the authority of the Act and this Bond Resolution, tileSeries 2012 Bonds be. and are hereby, authorized, ordered and directed to be issued in a9III

423IISECTION 4. Due to the character of the Series 2012 Bonds, the complexity ofstructuring the Series 2012 Bonds and prevailing market conditions, the Governing Body hasdetermined that it is in the best interest of the City to sell the Series 2012 Bonds by negotiationrather than a public sale by competitive bid and the Series 2012 Bonds are hereby authorized tobe sold to the Underwriter pursuant to the terms and provisions of the Bond Purchase Agreementin substantially the form attached hereto as Exhibit B. The Mayor of the City (the "Mayor"),acting for and on behalf of the City, is hereby authorized and directed to negotiate with theUnderwriter for the sale of the Series 2012 Bonds and to make the final decisions regarding (a)the aggregate principal amount of the Series 2012 Bonds, (b) the redemption provisions of theSeries 2012 Bonds, and (c) the interest rates to be borne by the Series 2012 Bonds, and to makeall final determinations necessary to structure the Series 2012 Bonds. The Bond PurchaseAgreement in substantially such form is hereby approved in all respects and, subject to theprovisions of Section 6 hereof, the Mayor is hereby authorized and directed to execute anddeliver the Bond Purchase Agreement tllr and on behalfofand in the name of the City, with suchchanges, omissions, insertions and revisions, as may be approved by the Mayor, said executionbeing conclusive evidence of such approval.SECTION 5. The Series 2012 Bonds shall be secured by a lien on the Net Revenues ofthe System and shall be payable from such Net Revenues and any other security pledged for theSeries 2012 Bonds. The principal of and interest on the Series 2012 Bonds shall be payablesolely from gross Revenues, and shall be subject to the prior payment of the reasonable andnecessary expense of operating and maintaining the System. The Series 2012 Bonds shall notconstitute an indebtedness of the City within the meaning of any constitutional or statutoryrestriction, limitation or provision, and the taxing power of the City is not pledged to thepayment of the Series 2012 Bonds, either as to principal or interest. Pursuant to the provisions ofthis Bond Resolution, Additional Bonds may be issued on parity with the Series 2012 Bonds.The Series 2012 Bonds are issued on parity with the Prior Bonds and satisfy the requirements forthe issuance of Additional Bonds lll1der the Prior Resolutions.SECTION 6. (a) The Series 2012 Bonds shall be dated the date of their delivery andshall bear interest from said date at the rates per annum to be set forth in the Bond PurchaseAgreement, not to exceed eleven percent (11%) per annum, and shall mature no later thanNovember I, 2024, in the years and in the principal amounts to be set forth in the Bond PurchaseAgreement.(b) The Series 2012 Bonds shall be initially issued and held under a book-entrysystem as fully registered bonds issued in the denominations of $5,000 or any integral multiplethereof and shall be numbered separately from R-I upwards without regard to maturity.(c) The Series 2012 Bonds may be subject to redemption prior to their respectivematurities as provided in the Bond Purchase Agreement, which redemption provisions shall befinalized and agreed to by the Mayor on the date the Bond Purchase Agreement is executed bythe City and the Underwriter.ISECTION 7. (a) Notwithstanding anything to the contrary in this Bond Resolution, solong as the Series 2012 Bonds are being held under a hook-entry system, transfers of beneficialownership of the Series 2012 Bonds will be affected pursuant to rules and procedures establishedby the Securities Depository. For the purposes of this Bond Resolution, "Securities Depository"shall mean a recognized securities depository (or its successor or substitute) selected hy the Cityto act as the securities depository maintaining a book-entry transfer system for the Series 2012Bonds.(b) As long as a book-entry system is in effect for the Series 2012 Bonds, theSecurities Depository Nominee will be recognized as the registered owner of the Series 2012Bonds for the purposes of (I) paying the principal of or interest on such Series 2012 Bonds, (2)giving any notice permitted or required to be given to registered owners under this Bond10

424-ReSUluM!~r~Ste~~tR~IIt1:?;lf~~IISc;.-'!rJ>t!l2~!Ep~R:e;Dqueslit'i~~~~or other action to be taken by the registered owners of such Series 2012 Bonds, and for all othepurposes whatsoever, and neither the City nor the Paying Agent shall be alTected by any noticto the contrary_ for the purposes of this Bond Resolution, "Securities Depository Nominee'shall mean, "ith respect to the Series 2012 Bonds and as to any Securities Depository, suc'Securities Depository or the nominee of such Securities Depository in whose name the Serie2012 Bonds shall be registered on the registration records of the City maintained by the PayingAgent during the time such Series 2012 Bonds are held under a book-entry system through suchSecurities Depository_'(c) Neither the City nor the Paying Agent shall have any responsibility or obligatio)]to any participant, allY beneficial owner or any other person claiming a beneficial ownership inany Series 2012 Bonds which are registered to a Securities Depository Nominee under orthrough the Securities Depository with respect to any action taken by the Securities Depositoryas registered owner of such Series 2012 Bonds.I(d) The Paying Agent shall pay all principal of and interest on the Series 2012 Bondissued under a book-entry system, only to the Securities Depository, or the Securities Depositor'Nominee. as the case may be. for such Series 2012 Bonds, and all such payments shall be valiand elTectual to fully satisfy and discharge the obligations with respect to the principal of an 'interest on such Series 2012 Bonds.(e) In the event that the City determines that it is in the best interest of the City tdiscontinue the book-entry system of transfer f(lr the Series 2012 Bonds. or that the interests ( fthe beneficial owners of the Series 2012 Bonds mav be adverse Iv affected if the book-entr~system is continued, then the City shall notify the Securities Depository and the PaYlllg Agent ,IIsuch determination. III such event, the City shall execute and the Paying Agent shall, pursuant tGsubsequent resolution of the City, authenticate, register alld deliver physical certificates for theSeries 2012 Bonds in exchange for the Series 2012 Bonds registered in the name of theSecurities Depository Nominee. Such certificates shall be in fully registered form andtransferable only upon the registration records of the City maintained by the Paying Agent. bythe registered owner thereof or by his attorney, duly authorized in writing, upon surrenderthereof. together with a written instrument of transfer satisfactory to the Paying Agent. dulyexecuted by the registered owner or his duly authorized attorney in accordance with this BondResolution.I(1') In the event that the Securities Depository liJ[ the Series 2012 Bonds discontinuel'providing its services, the City shall either engage the services of another Securities Depositor'or deliver physical certificates in the manner described in subparagraph (e) above.I(g) In connection with any notice or other comlllunication to be provided to tl~registered owners of the Series 2012 Bonds by the City or by the Paying Agent with respect t·any consent or other action to be taken by the registered owners, the City or the Paying Agent, sthe case mav be, shall establish a record date for such consent or other action and give th!eSecurities O~posit()ry Nominee notice of such record date not less than Ii neen (15) days ipadvance of such record date to the extent possible.(h) The Series 2012 Bonds shall be issued initially under the book-entry systemmaintained by The Depository Trust Company, New York, New York ("DTC"), and shall beregistered in the name of Cede & Co .. as the initial Securities Depository NOl1linee for the Serie~2012 Bonds. As long as the Series 2012 Bonds are maintained by DTe under its book-entrIsystem. all payments with respect to the principal of and interest Oil Series 2012 Bonds an jnotices shall be Illade and given. respectively, to DTC. ,(i) As long as the book-entry-only systelll is lIsed for the Series 2012 Bonds, al~'notice of redemption or any other notices required to be given to registered owner: wilI be giV1l1only to UTe. Any failure of DTC to advise any DTC i'arhclpant, or of any OTC Partlclp~nt pnotifY' any Inciirect Participant, or of any DlC Participant or Indirect Participant to notify 311'Ben~fici;1 Owner. of all v such notice and its content or effect will not affect the validity of tl ~recleinption of the Serie; 2012 Bonds callecl for redemption or of any other action premised, hsuch notice_ Convevance of notices and other cOlllmunications by IJTC to DTe Participants. liyD T C r ,";,; p .. '" II; 'mH,~' P ""Ie; '",," '" d :; or (' r" dl6,'""" "lid ',dI '" I ' .. II,; I'""'" rIII'

425Beneticial owMJ~ViIlioaQn~~Qen~3, .ct't'(hg,Fsu~fo~QtutQk¥Eil\IMJ,'DIAN"02"regu a ory requnemen s as may e 111 eect rom tlllle to lIme. ene ICIa wners may eSlTe to-- "·'1make arrangements with a DTC Participant or Indirect Participant so that all notices ofredemption or other communications to DTC which affect such Beneficial Owners will beforwarded in writing by such DTC Participant or Indirect Participant.ISECTION 8. The principal of the Series 2012 Bonds shall be payable in lawful moneyof the United States of America upon presentation and surrender thereof as the same shallbecome due to the Paying Agent. Interest will be payable by check or draft drawn upon thePaying Agent, made payable to the registered owner named in, and mailed to the address of theregistered owner as it shall appear on, the registration records of the City maintained by thePaying Agent for the Series 2012 Bonds pursuant to the provisions of Section 14 hereof.SECTION 9. The Preliminary Official Statement, in the form submitted to this meetingand attached hereto as Exhibit C, shall be, and the same hereby is, approved in substantially saidform with such changes, omissions, insel1ions and revisions therein as the Representatives mayin their opinion determine to be required. The Governing Body deems the Preliminary Ol1icialStatement to be "final" as required by SEC Rule ISc2-12(b)(l). The actions of the Mayor, theClerk and all other persons in connection with the preparation of the Preliminary OfficialStatement are hereby ratitied and contirmed. The Governing Body hereby authorizes and directsthat the Preliminary Otlicial Statement be distributed to the Underwriter and that a final OfficialStatement be prepared, delivered and executed in substantially the form of the PreliminaryOtlicial Statement with such changes, insertions and omissions from the Preliminary 0 fTicialStatement as may be approved by the Mayor and the Clerk, said execution being conclusiveevidence of such approval.IISECTION 10. The Escrow Agreement, in the form submitted to this meeting andattached hereto as Exhibit D, shall be, and the same hereby is, approved in substantially saidform. The Mayor is hereby authorized and directed to execute and deliver the EscrowAgreement with such changes, insertions and revisions therein as the Mayor, as representative ofthe Governing Body, may in his opinion determine to be required, said execution beingconclusive evidence of such approval. The Escrow Trustee under the Escrow Agreement shallbe appointed under the provisions hereof and shall be a bank, trust company or national bankingassociation having Federal Deposit Insurance Corporation insurance of its accounts, dulyauthorized to exercise corporate trust powers and subject to examination by and in good standingwith the federal and/or state regulatory authorities under the jurisdiction of which it falls. Allproceeds of the Series 2012 Bonds held by the Escrow Trustee shall be invested only as providedfor by the Escrow Agreement and the Refinancing Act.SECTION 11. The City covenants to comply with each requirement of the Code,necessary to maintain the exclusion of interest on the Series 2012 Bonds from gross income forfederal income tax purposes, and in furtherance thereof, to comply with a certificate to beexecuted and delivered concurrently with the issuance of the Series 2012 Bonds, or such othercovenants as may, from time to time, be required to be complied with in order to maintain theexclusion of interest on the Series 2012 Bonds from gross income for federal income taxpurposes. The City shall not use or permit the use of any of the proceeds of the Series 2012Bonds, or any other funds of the City, directly or indirectly, to acquire any securities, bonds orother investment property, and shall not take or permit to be taken any other action or actions,which would cause any Series 2012 Bond to be an "arbitrage bond" as defined in Section 148 ofthe Code. Notwithstanding any other provisions to Ihe contrary, so long as necessary in order tomaintain the exclusion of interest on the Series 2012 Bonds from gross income for federalincome tax purposes under the Code, the covenants contained in this section shall survive thepayment of the Series 2012 Bonds and the interest thereon, including any payment or defeasancethereof.SECTION 12. Pursuant to the authority granted by the Act and the Registered BondAct, being Sections 31-21-1 et seq., Mississippi Code of 1972, as amended (the "RegisteredBond Act"), the Series 2012 Bonds shall be executed by the manual or facsimile signature of theMayor and the ollicial seal of the City shall be allixed or lithographed or otherwise reproducedthereon, attested by the Clerk and the Series 2012 Bonds shall be authenticated by the PayingAgent. The Paying Agent shall authenticate each Series 2012 Bond by executing the PayingAgent's Certificate thereon and no Series 2012 Bond shall be valid or become obligatory for any12

426· . ......-JllilJJgsMl~4;;n::c~Q.Q~b~q,aJj'lh9';~;ye9r~tP9SF~l3u&--#rrrno'SfI

.,427DEMENT-MERIDIAN 61-0226REVENUE REFUNDING BOND,SEHIES 2012No. R-$_----IInterest RateMatuI"ity HateDate ofOriginal IssueCUSIP____ ,2012Registered Owner:Principal Amount:The City of Oxford, Mississippi (the "City"), a body politic existing under the Constitution andlaws orthe State of Mississippi, acknowledges itself to owe and for value received, promises topay in lawful money of the United States of America to the Registered Owner identified above,upon the presentation and surrender of this Bond, at the principal ollice of ,_____ , Mississippi, or its successor, as paying and transfer agent (the "Paying Agent") forthe Combined Water and Sewer System Revenue Refunding Bonds, Series 2012, orthe City (the"Bonds"), on the maturity date identified above, the principal amount identified above. Paymentof the principal amount of this Bond shall be made to the Registered Owner hereof whose nameshall appear in the registration records of the City maintained by the Paying Agent, which shallalso serve as registrar and transfer agent, as of the 15 th day of the calendar month preceding thematurity date hereof.IIThe City further promises to pay interest (calculated on the basis ofa year of360 days andtwelve 30-day months) on such principal amount from the date of this Bond or from the mostrecent interest payment date to which interest has been paid at the rate of interest per annum setforth above semiannually on 1 and 1 of each year (each an"Interest Payment Date"), commencing1,2013, until said principal StUll is paid, tothe Registered Owner hereof whose name shall appear in the registration records of the Citymaintained by the Paying Agent as of the 15 th day of the calendar month preceding theapplicable Interest Payment Date.Payments of principal of and interest on this Bond shall be made by check or draft mailed onthe Interest Payment Date to such Registered Owner at his address as it appears on suchregistration records. The Registered Owner hereof may change such address by written notice tothe Paying Agent by certitied mail, return receipt requested, or such other method as may besubsequently prescribed by the Paying Agent, such notice to be received by the Paying Agent notlater than the 15 th day of the calendar month preceding the applicable principal or InterestPayment Date.This Bond is one of a series of Bonds of like date of original issue, tenor and effect, except asto denomination, number, rate of interest and date of maturity, issued in the aggregate authorizedprincipal amount of Dollars ($ ) lor the purpose ofrefunding certain outstanding maturities of the City's $1,900,000 (original principal amount) Cityof Oxford, Mississippi Combined Water and Sewage System Revenue Bonds, Series 2003, datedas of December 1, 2003 (the "2003 Bonds"), and the City's $1,800,000 (original principalamount) City of Oxford, Mississippi Combined Water and Sewer System Revenue Bonds, Series2004, dated as of November 1,2004 (the "2004 Bonds" and collectively with the 2003 Bonds,the "Prior Bonds"), and paying the costs incident to the sale and issuance of the Bonds. ThePrior Bonds were issued by the City to raise money for the purpose of Jinancing the acquisition,construction, enlargement, improvement, repair and/or extension of the City's combinedwaterworks and sewage system (the "System").This Bond is issued under the authority of the Constitution and statutes of the State orMississippi, including the provisions of Sections 31-27-1 el seq., Mississippi Code of 1972, asamended, and by the further authority of proceedings duly had by the Mayor and Board of14

428r~·~~ Al\l~!l~11~tMI~,~S>~a~s~~~~1u£rrr~(~e9z~~19(~P BonffME",ME""AN""jResolution").The principal of and interest on the Bonds shall be payable solely from the gross revenuesderived limn the operation of the System, subject to the prior payment of the reasonable andnecessary expenses of operating and maintaining the System (the "Net Revenues"). The Bondsare secured by a lien on Net Revenues of the System. The Bonds do not constitute anindebtedness of the City wi thin the meaning of any constitutional or statutory restriction.limitation or provision, and the full faith. credit and taxing power of the City is not pledged to thpayment of the Bonds. either as to principal or interest. The Bonds are being issued on paritywith the City's $1.500.000 (original principal amount) Water and Sewer System Revenue Bonds,Series 1996. dated September I. 1996. the City's outstanding Series 2003 Bonds which are notbeing reflillded with the proceeds of the Series 2012 Bonds, the City's outstanding Series 2004 !Bonds which a~e.not being refunded witl; the proceeds of the Series 2012 I:londs, the City'sI$3.400J)Otl (ongmal pnnclpal amount) ComllIned Water and Sewer System Revenue Bonds.1ISeries 2006, dated June I, 2006, the City's $2,800.000 (original principal amount) CombinedIWater and Sewer System Revenue BOllds, Series 2007, dated June 1,2007, the City's $3,450.00 !(original principal amount) Combined Water and Sewer System Revenue Bonds, Series 2008,dated February 1. 2008 and the City's $8.500,000 (original principal amount) Combined Waterand Sewer System Revenue Bonds. Series 2011, dated as of May 1,2011 (collectively. the"Water/Sewer Bomls").TilE BOND RESOLUTION PIWVIDES THAT UNDER CERTAINCmCUMSTANCES, ADDITIONAL BONnS MAY BE ISSUED BY THE CITY ONPARITY WITH THE BONDS AND THE WATEWSEWER BONDS AND SECUnED BYA PARITY LIEN ON NET REVENliES OF TilE SYSTEM AND PAYABLE RATABLYFROM SliCH NET REVENUES ALONG WITH THE BONDS AND TilEW ATEWSEWER BONDS.The Bonds are registered as to both principal and interest, and are to be issued or reissued inthe denomination of $5.000 each, or integral multiples thereof up to the amount of a singlematurity.[REDEMPTION PROVISIONS]This Bond lllay be transferred or exchanged by the Registered Owner hereof ill per SOil or byhis attorney duly authorized in writing at the principal oUice of the Paying Agent, but only in themanner. subject to the limitations in the Bond Resolution, anu upon surrender and cancellation 0this Bond. Upon such transfer or exchange, a new Bond or Bonds of like aggregate principal Iamount in authorized tlenominations of the same maturity will be issued.The City ami the Paying Agent may deem and treat the Registered Owner hereof as theabsolute owner for the purpose of receiving payment of or on account of principal hereo f andinterest due hereon ane! for all other purposes and neither the City nor the Paying Agent shall beaffected by any notice to the contrary.The City covenants and agrees that it will perform all duties required by law and by the BondResolution: that it will apply the proceeds of this Bonu to the purposes above set forth; that, aslong as this Bond is outstanding, it will operate and maintain the System; that it will fix andmaintain rates and make and collect charges lur the services of the Systelll, without regard to theuser thereof. sufficient to provide j(Jr the operation and Illa~ntenanceofthe System hl good repaiand 1V0rking order. to provlde for the payment of the prIncipal of and Illterest Oll thiS Bond as 'Isame shallll1ature ami accrue, and to provide lur a reserve fund. a depreciation fund and a ·1.contingent fund, all as set forth in the Bond Resolution; and that such an amount of the gross 'Revenues of the System remaining after paying the expenses of operating and lJIaintaining the ISystem as will mailltainthe payment of the principal and interest on this Bond. as the same shadmature anu accrue. is hereby irrevocably pledged to said purpose. .IT IS HEREIJY CERTIFIE]), RECITE]) AN]) REPRESENTE]) that all conditions, actsand things requireu by law to exist. to have happened and to have been performed precedent toand in the issuance of this Bond, in order to make the same a legal and binding obligation of theCity, according to the terms hereof: do exist, have happened ami have been perlurmed in regularand due time. form and manner as required by law.III15

,429IThis Bond shMWU"t~daQQK NQllt~WpYtpgfor~ffiQRRn IleM10l!itcR'D"N6' 0226or secunty un er t le Bond ResolutIon untIl the certIhcate of regIstratIon and authenticationhereon shall have been signed by the Paying Agent.Terms capitalized herein shall have the same meaning as in the Bond Resolution, unlessotherwise expressly provided herein.IN WITNESS WHEREOF, the City has caused this Bond to be executed in its name by themanual or facsimile signature of the Mayor of the City, countersigned by the manual or facsimilesignature of the Clerk of the City, under the manual or facsimile seal orthe City, which saidmanual or facsimile signatures and seal said oflicials adopt as and fDr their own propersignatures and seal, all as of the day of ,2012.(SEAL)CITY OF OXFORD, MlSSISSIPl'1ATTEST:MayorCity ClerkII16

430MINUTE BOOK No. 63 CITY OF OXFORD'co.£ERIlElCAIEcOF-REGlST l{P.TION AND-AU'I'UEN/'I£A TIO~MENTMERmN "'"This ~ond is one of the Bonds described in the within me?tioned Bond I~esolution and is one j.of the Combllled Water and Sewer System Revenue Refundll1g Bonds, Series 2012 of the CIty 0Oxford, Mississippi. .i________ , as Paying AgentIDate of Registration and Authentication:~~-.By ~_~ __ ~,--~~~~~~~~~~_+Authorized OfficerISTATE OF MISSISSIPPILA.FA YETTE COUNTYREGISTRA TION AND V ALIDA TION CERTIFICATEL the undersigned Clerk of the City of Oxford, Mississippi, do hereby certify that the withinBond has been duly registered by me as an obligation of said City pursuant to law in a recordkept ill my o11ice for that purpose, and has been validated and confirmed by Decree of theChancery Court of Lafayette County, Mississippi, rendered on the day of ,201(SEAL)City ClerkASSIGNMENTFOR VALUE RECEIVED, the undersigned sells, assigns and transfers unto(Name and Address of Assignee)Ithe within Bond and does hereby irrevocably constitute and appointas registrar and transfer agent to transfer the sai1Bond on the records kept for registration thereof with full power of substitution in the premises. IISignature guaranteed: .(Bank, Trust Company or Paying Agent)(Authorized OHicer)Date of Assignment: _________ _Insert Social Security Number or other TaxIdentification Number of AssigneeNOTICE: The signature to this Assignmentmust correspond with the name or theregistered owner as it appears upon the faceof the within Bond in every particulal:,without any alteration whatever, and lllu~tbe guaranteed by a cOllllllercial bank or tru~tcompany or a member of a nation~1securities e~change ",;ho is a member of ,rMedalbon SIgnature Guarantee Program. !lEND OF SERIES 2012 BOND FORMISECTION 14, The Governing Body hereby adopts, pursuant to the authority granted ~ythe Act and the Registered Bond Act, the following conditions (the "Conditions") which are 10apply to the transfer, exchange and replacement of the Series 2012 Bonds, and other similarmatters.I17

.,I .....431MINU:lEIBQQX:cNQ.~:fiauCll~~~ORDDEMENT-MERIDIAN 61·0226sIII"Paying Agent" as used in these Conditions means, as to Series 2012 Bondsdesignated herein, the bank or banks designated by action of the Governing Bodyas the Paying Agent with respect to the Series 2012 Bonds and whose duties andresponsibilities shall be as further limited or set forth in the fiJrm of Series 2012Bonds for such issue of Series 2012 Bonds.The principal of all Series 2012 Bonds shall be payable at the corporate trustollice of the Paying Agent, and payment of the interest on each Series 2012 Bondshall be made by the Paying Agent on each interest payment date to the personappearing on the registration records of the City (hereinafter provided for) as theregistered owner thereof as of the close of business on the date which shall be thefifteenth (15th) day (whether or not a Business Day) of the calendar month nextpreceding such interest payment date, by check or draft mailed to such registeredowner at his address as it appears on such registration records. Payment of theprincipal of all Series 2012 Bonds shall be made upon the presentation andsurrender for cancellation of such Series 2012 Bonds as the same shall becomedue and payable.Series 2012 Bonds, upon surrender thereof at said corporate trust office of thePaying Agent with a written instrument of transfer satisfactory to such PayingAgent duly executed by the registered owner or his authorized attorney, may beexchanged for Series 2012 Bonds of like series, maturity and interest rate of anyother authorized denominations. Each such Series 2012 Bond shall be dated as ofthe date six (6) months preceding the interest payment date thereon next followingthe date of delivery of such Series 2012 Bond in registered form, unless such dateof delivery shall be an interest payment date in which case it shall be dated as ofsuch date of delivery, and every such Series 2012 Bond in registered form shallbear interest from its date.So long as the Series 2012 Bonds shall remain outstanding, the City shall causethe Paying Agent to maintain and keep, at its corporate trust otlice, registrationrecords for the registration and transfer of Series 2012 Bonds, and, uponpresentation thereof for such purpose at such corporate trust office, the City shallcause the Paying Agent to register or cause to be registered thereon, and permit tobe transferred thereon, under such reasonable regulations as the Paying Agentmay prescribe, any Series 2012 Bond. So long as any of the Series 2012 Bondsremain outstanding, the City shall make all necessary provisions to permit theexchange of Series 2012 Bonds at the corporate trust office of the Paying Agent.All Series 2012 Bonds shall be transferable only upon the registration recordswhich shall be kept for that purpose at the corporate trust office of the PayingAgent for the City, by the registered owner thereof in person or his authorizedattorney, upon surrender thereof, together with a written instrument of transfersatisfactory to the Paying Agent, duly executed by the registered owner or hisauthorized attorney, and uJlon such transfer there shall be issued in the name ofthe transferee a new Series 2012 Bond or Series 2012 Bonds in registered form ofthe same series in the same aggregate principal amount and of like maturity andinterest rate as the Series 2012 Bond or Series 2012 Bonds surrendered. Series2012 Bonds issued in connection with transfers shall be dated in the same mannerprovided above for the dating of Series 2012 Bonds issued in connection withexchanges.Neither the City nor the Paying Agent shall be required (a) to exchange or transferSeries 2012 Bonds for a period of fitleen (15) days next preceding an interestpayment date on the Series 2012 Bonds or next preceding any selection of Series2012 Bonds to be redeemed or thereafter until the first mailing of any notice ofredemption, or (b) to transfer or exchange any Series 2012 Bond called Jilrredemption.All Series 2012 Bonds surrendered in any exchanges or transfers shall forthwithbe canceled by the Paying Agent and thereafter transmitted to the City.Prior to the issuance or delivery of any Series 2012 Bond, whether upon originalissnallce, transfer, exchange or replacement, the Paying Agent shall manuallyexecute the certificate of authentication provided thereon. No Series 2012 Bond18

432~!tiY!I~ (!l£2~rytjg-ml~~~Till'I:12c~ £~~t~o~BhentPtmlli1RIDIAN"226shall have been duly executed by the Paying Agent. Such certificate of thePaying Agent upon any Series 2012 Bond executed on behal r of the Citv shall beconclnsive evidence that the Series 2012 Bond so authenticated has been dulvauthenticated and del ivered. ~Series 2012 Bonds bearing the facsimile signature of any person who shall havebeen the Mayor or Clerk at the time such Series 2012 Bonds were originally datedor delivered by the City shall bind the City notwithstanding the fact that he or shemay have ceased to be such officer prior to the delivery of such Series 2012Bonds or was not such ofticer at the date of such Series 2012 Bonds.Except as otherwise required by law, if (a) allY mutilated Series 2012 Bond issurrendered to the Paying Agent at its corporate trust office, or the Paying Agentreceives evidence to its satisfaction of tlte destruction, loss or theft of any Series2012 Bond and (b) there is delivered to the Paying Agent such security amI/orindemnity as may be required by it to save harmless the City and the PayingAgent. aud as otherwise required by law, then, in the absence of notice to thePaying Agent that such Series 2012 Bond has been acquired by a bona fidepurchaser as sllch term is defined in the Uniform COlllmercial Code as it is then ineffect in the State, the Paying Agent shall authenticate and deliver, in exchangefor any such mutilated Series 2012 Bond, or in lieu of any such destroyed, lost orstolen Series 2012 Bond, a new Series 2012 Bond of like tenor and principalamount. bearing a number not contemporaneously outstanding. The PayingAgent shall thereupon cancel any Series 2012 Bond so surrendered.In case any mutilated, destroyed, lost or stolen Series 2012 Bond has become or isabout to become due and payable, the Paying Agent in its discretion may, insteadof issuing a new Series 2012 Bond, pay such Series 2012 Bond.Each new Series 2012 Bond issued pursuant to this Section in lieu of anysurrendered, destroyed, lost or stolen Series 2012 Bond shall consti tute anadditional contractual obligation of the City and shall be entitled to all benefitsequally amI proportionately with any and all other Series 2012 Bonds duly issued.All Series 2012 Bouds shall be held and owed upon the express condition that theforegoing provisions are exclusive with respect to the replacement or payment ofmutilated. destroyed, lost or stolen Series 2012 Bonds, and shall preclude (to theextent lawfill) all other rights or remedies with respect to the replacement orpayment of mutilated, destroyed, lost or stolen Series 2012 Bonds or securities.Notwithstanding the foregoing provisions of these Conditions, no Series 2012Bonds shall be exchanged for other Series 20 12 Bonds or be registered ortransferred or issued or delivered by or on behal f of the City or the Paying Agentpursuant to this Section at the request of a holder or owner of a Series 2012 nond,except upon payment to such Paying Agent by or on behalf of such Ilolder orowner of a charge su11icient to reimburse the City and such Paying Agent for anytax. fee, or other governmental charge required to be paid with respect to thetransaction.The City and the Paying Agent may treat and consider the perSOLl in whose nameany Series 2012 Bond shall be registered upon the registration records as hereinprovided as the holder and absolute owner thereof, whether such Series 2012Bond shall be overdue or not, for tile purpose of receiving payment of theprincipal thereof and interest thereon and for all other purposes whatsoever;provided, however. payment of, or on account of, the principal of and interest onsuch Series 2012 Bond shall be made only to, or upon the order of, suchregistered owner, and such payment so made shall be valid and effective to satisfyand discharge the liability upon such Series 2012 Bond to the extent of the SUIll orsums so paid, and neither the City nor any Paying Agent shall be affected by anynotice to the contrarv.SECTION 15. (a) ~ So long as any of the Series 2012 Bonds shall remain ()utstandinthe Citv shall maintain with the Paying Agent separate records for the registration and transfer fthe Se~ies 2012 Bonds. The Paying Agent is hereby appointed registrar /')1' the Seri~s 201 12Bonds, in which the City the Paying Agent shall register in such records and penlllt to betransferred thereon, under such reasonable regulations as may be prescribed, any Series 20 I ~Bond entitled to registration or transfer.II19IIII

433o t Ie servlces norma y rem eree an t le ll1curnng 0 norma expenses reasona 1 y annecessarily paid as are customarily paid to paying agents, transfer agents and bond registrars,subject to agreement between the City and the Paying Agent. Fees and reimbursements forextraordinary services and expenses, so long as not occasioned by the negligence, misconduct orwilltiil default of the Paying Agent, shall be made by the City on a case-by-case basis, subject,where not prevented by emergency or other exigent circumstances, to the prior written approvalof the Governing Body.I(a) (i) A Paying Agent may at any time resign and be discharged of its duties andobligations as Paying Agent, by giving at least sixty (60) days written notice to the City,and may be removed as Paying Agent at any time by resolution of the Governing Bodydelivered to the Paying Agent. The resolution shall specify the date on which suchremoval shall take effect and the name and address of the successor Paying Agent, andshall be transmitted to the Paying Agent being removed within a reasonable time prior tothe elTective date thereof. Provided, however, that no resignation or removal of a PayingAgent shall become elfective until a successor Paying Agent has been appointed pursuantto this Bond Resolution.(ii) Upon receiving notice of the resignation of the Paying Agent, the Cityshall promptly appoint a successor Paying Agent by resolution of the Governing Body.Any appointment of a successor Paying Agent shall become elTective upon acceptance ofappointment by the successor Paying Agent. If no successor Paying Agent shall havebeen so appointed and have accepted appointment within thirty (30) days aner the noticeof resignation, the resigning Paying Agent lllay petition any court of competentjurisdiction for the appointment of a successor Paying Agent, which court may thereupon,aner such notice as it may deem appropriate, appoint a successor Paying Agent.I(iii) In the event of a change of Paying Agents, the predecessor Paying Agentshall cease to be custodian of any funds held pursuant to this Bond Resolution inconnection with its role as such Paying Agent, and the successor Paying Agent shallbecome such custodian; provided, however, that before any such delivery is required tobe made, all fees, advances and expenses of the retiring or removed Paying Agent shallbe fully paid. Every predecessor Paying Agent shall deliver to its successor PayingAgent all records of account, registration records, lists of holders of the Series 2012Bonds and all other records, documents and instruments relating to its duties as suchPaying Agent.(iv) Any successor Paying Agent appointed under the provisions hereof shallbe a bank, trust company or national banking association having Federal DepositInsurance Corporation insurance of its accounts, duly authorized to exercise corporatetrust powers and subject to examination by and in good standing with the federal and/orstate regulatory authorities under the jurisdiction of which it falls.(v) Every successor Paying Agent appointed hereunder shall execute,acknowledge and deliver to its predecessor Paying Agent and to the City an instrument inwriting accepting such appointment hereunder, and thereupon such successor PayingAgent, without any further act, shall become fully vested with all the rights, immunitiesand powers, and be subject to all the duties and obligations, of its predecessor.I(vi) Should any transfer, assignment or instrument in writing be required byany Sllccessor Paying Agent from the City to more lully and certainly vest in sllchsuccessor Paying Agent the estates, rights, powers and duties hereby vested or intendedto be vested in the predecessor Paying Agent, any sllch transfer, assignment and writteninstruments shall, on request, be executed, acknowledged and delivered by the City.(vii) The City will provide allY Sllccessor Paying Agent with certified copies ofall resolutions, orders and other proceedings adopted by the Governing Body relating tothe Series 2012 Bonds.20

~I434... .~INl{!~ IM¥2!$a!'~2iI&~dJf!lXJ~Ew9~~R~pAge~~1T~~SlPaying Agent ~hall terminate upon the accomplish,ment of all duties. obligations an,lesponslbllities unposed by law or required to be performed by tillS Bond ResolutIOn. ,(b) Any corporation or association into which a Paying Agent may be converted o!merged. or with which it may be consolidated or to which it may sell or transfer its assets as .whole or substantially as a whole. or any corporation or association resulting from any suc 1conversion. sale. merger. consolidation or transfer to which it is a party. shall be and becomesuccessor Paying Agent hereunder and vested with all the powers. discretions. immunities,privileges and all other matters as was its predecessor. without the execution or filing of anyinstrument or any further act, deed or conveyance on the part of either the City or the successotPaying Agent, anything herein to the contrary notwithstanding, provided only that such successoj·Paying Agent shall be satisfactory to the City and eligible lmder the provisions of Secliol\IS(c)(iv) hereof.ISECTION 16. Onlv such of the Series 2012 Bonds as shall have endorsed thereon ~certificate of registration and authenlicatlon 111 substantially the form hereinabove set forth if.Section 13. duly executed by the Paying Agent. shall be entitled to the rights. benefits an~security of this Bond Resolution. No such Series 2012 Bond shall be valid or obligatory lor anypurpose unless allli until such certificate of registration and authentication shall have been dulyexecuted by the Paying Agent, which executed certificate shall be conclusive evidence ofregistration. authentication and delivery under this Bond Resolution. The Paying Agent'$certilicate of registration and authentication on any such Series 2012 Bond shall be deemed tohave been duly executed if signed by an authorized orlicer of the Paying Agent. but it shall no'be necessary that the same ofllcer sign said certificate on all of the Series 2012 Bonds that ma 'be issued hereunder at anyone time.SECTION 17. (a) In the event the Underwriter shall fail to designate the name.addresses and social security or tax identification numbers of the Registered Owners of th,Series 2012 Bonds within thirty (30) days of the date of sale, or at such other earlier date as rna 'be designated by the City, one Series 2012 Bond registered in the name of the Underwriter rna'be issued in the ILril amount for each maturity. Ownership of the Series 2012 Bonds shall be ilthe Underwriter until the initial Registered Owner has made timely payment and, upon request fthe Underwriter within a reasonable time of the initial delivery of the Series 2012 Bonds, thPaying Agent shall re-register any such Series 2012 Bond upon its records in the name of thbRegistered Owner to be designated by the Underwriter in the event timely payment has not beellmade by the initial Registered Owner.(b) Except as hereinabove provided, the Person in whose name any of the Series 201 'Bonds shall be registered in the records of the City maintained by the Paying Agent may bdeemed tlle absolute owner thereof for all purposes, and payment of or on account of thprincipal of or interest on any of the Series 2012 Bonds shall be made only to or upon the ordl'of the Registered Owner thereof; or his legal representative, but such registration may b.changed as hereinafter provided. All such payments shall be valid and effectual to satisfy anddischarge the liability upon any of the Series 2012 Bonds to the extent of the SUlll or sums sbpaid.IIIISECTION 18, 1'1'0111 and after the issuance and delivery of tile Series 2012 Bonds, theSystem shall be operated on a Fiscal Year basis, commencing on the first day of October, an.;!ending on the last day of September in the following year; provided, however, that the Fisc~1Year may be changed upon written notice to the Registered Owners.IISECTION 19. All Revenues shall be set aside as collected and shall be deposited in*lthe Revenue Fund. which fund was created pursuant to the 1996 Bond Resolutioll. Moneys i/1said 1(111d shall not be subject to lien or attachment by any creditor of the City and shall be s¢taside for, allocated to and deposited by the Clerk to the extent available in the following order ofpreference in the following separate and special funds, hereby created, without ILlrther directiunof or action by the Governing Body or other authority of the City:(a) On the first business day of each month. c0111mencing in the first month aft~rdelivery of the Series 2012 Bonds, there shall be deposited into the Operation and Main.tenan9~Fund. which ILl11e1 was created pursuant to the 1996 Bond Resolution. an amount which wdl21I

435( b) There is hereby created the 2012 Bond and J nterest Fund and two separatesubaccounts therein as follows:III(i) On the first business day of each month, commencing in the fIrst monthafter the delivery of the Series 2012 Bonds, there shall be deposited into a subaccount inthe 2012 Bond and Interest Fund designated as the 2012 Current Debt Service Account,which account is hereby created, an amount which, together with equal subsequentmonthly deposits on the first business day of each successive month, will provide a sumequal to the amount necessary to pay interest and principal due and payable through thedate on which the next installment of principal on the Series 2012 Bonds is due. Accruedinterest on the Series 2012 Bonds received limn the Purchaser shall be deposited into the2012 Current Debt Service Account of the 2012 Bond and Interest Fund at Closing.(ii) Provided, that in addition to the moneys hereby required to be paid intothe 2012 Current Debt Service Account of the 2012 Bond and Interest Fund, the 2012Debt Service Reserve Fund which fund is hereby created and shall be maintained as asubaccount in the 2012 Bond and Interest Fund in order to meet any deficiency therein inti.Lture years. In order to ti.tlly fund the 2012 Debt Service Reserve Fund, the Clerk shallimmediately upon delivery of the Series 2012 Bonds deposit an amount which will beequal to the Debt Service Reserve Fund Requirement, at which amount the 2012 DebtService Reserve Fund shall thereafter be maintained by such ti.Llure payments as may benecessary for that purpose. Notwithstanding any other provision contained herein, uponthe determination of any deficiency in the total amount on deposit in the 2012 DebtService Reserve Fund, the full amount of such deficiency shall be fully funded within one(1) year of such determination. The 2012 Debt Service Reserve Fund shall be used onlyto pay maturing principal and accruing interest, or both, on the Series 2012 Bonds andonly whenever and to the extent that funds otherwise available in the 2012 Current DebtService Account are insufticient for that purpose. No funds paid into the 2012 DebtService Reserve Fund shall be used to prepay the principal unless such prepayment is forthe entire balance of the principal amount of the Series 2012 Bonds. If the amount ondeposit in the 2012 Debt Service Reserve Fund as valued on the last day of any BondYear is more than the Debt Service Reserve Fund Requirement, the amount of suchexcess shall be transferred to the 2012 Current Debt Service Account.(c) In order to fully fund the 2012 Depreciation Fund which is hereby created, theClerk shall immediately upon delivery of the Series 2012 Bonds deposit the sum of FiveThousand Dollars ($5,000) from the proceeds of the Series 2012 Bonds, which sum shallthereafter be maintained in such fund by such future payments as may be necessary for thatpurpose. Notwithstanding any other provision contained herein, upon the determination of anydeficiency in the total amount on deposit in the 2012 Depreciation rund the full amount of suchdeticiency shall be ti.LlIy funded within one (1) year of such determination. The 2012Depreciation Fund shall be used for the purpose of paying the cost of replacing such parts of theSystem as may need replacement in order to keep the System operating in an economical andefticient manner upon written certification by the Consulting Engineers to the Governing Bodycertifying the necessity for such expenditure and concurring in the necessity for such expendituretimn the 2012 Depreciation Fund; provided, however, that in the event the funds otherwiseestablished for the payment of the principal of and interest on the Series 2012 Bonds should beinsutlicient for said purpose, then and in that event, to the extent of any such insutliciency, theamount necessary to pay accruing interest and to provide for the payment of the principal as setforth in subparagraph (b) of this section shall be drawn from the 2012 Depreciation Fund andshall be used, together with ti.lllds otherwise available, to pay such accruing interest and toprovide for the payment of principal as set forth in subparagraph (b) of this section.(d) In order to tlLlly fund the 2012 Contingent Fund, the Clerk shall immediately upondelivery of the Series 2012 Bonds deposit the sum of Five Thousand Dollars ($5,000) from theproceeds of the Series 2012 Bonds, which sum shall thereafter be maintained in such fund bysuch future payments as may be necessary for that purpose. Notwithstanding any other provision22

436J'olltaillM !,~M,~I~J~g(g~ll~S~Qn ~~1n~~rrnHE-t2~FaI~B2t illL~~"W~!ll'2012 Contingent Fund the full amount of such deJiciency shall be fully funded within one (I)year of such determination. The 2012 Contingent Fund shall be used for the purpose of payin~the cost of unforeseen contingencies arising in the operation and maintenance o[ the System~including the construction of reasonable and proper improvements, betterments, and extension'thereto upon written certification by the Consulting Engineers to the Governing Body certi[yinthe necessity for such expenditure and concurring in the necessity [or such expenditure frolll th '2012 Contingent fund; provided, however, that in the event the funds otherwise established b_the Resolution for the payment of the principal of and interest Oil the Series 2012 BOllds shoulbe insuf1icient for said purpose, then and in that event to the extent of any such insufliciencYfthe amount necessary to pay accruing interest and to provide for the payment of the principal asset forth in subparagraph (b) of this section shall be drawn frolll the 2012 Contingent Fund andshall be used, together with funds otherwise available, to pay such accruing interest and toprovide for the payment of principal as set forth in subparagraph (b) of this section.IThe moneys in the foregoing funds shall be held separate and apart li'OIn all other funds of theCity and shall be applied in the manner provided, and, except for moneys in the Operation andMaintenance Fund, pending such application, shall be subject to a lien and charge in favor andfor the security of Registered Owners of the Series 2012 Bonds until paid out or transferred asherein provided. Any surplus Revenues remaining after all deposits and transfers required orallowed by the Resolution shall be used solely for purposes pertaining to the System or asotherwise allowed by the Act.Any Revenues o[ the System collected prior to the Closing by the City may be used by theCity to fund all or a portion of the foregoing funds and accounts.SECTION 20. I f Revenues shall be insuf1icient at any time to make the payments o~deposits required by Section 19 hereof, the deficiency shall be made good by additionajpaY!1lents to be made out of the Jirst available Revenues received during any succeeding montor !!!onths. Whenever and as long as SU!l1S actually on deposit in the 2012 Bond and InteresFund, including the 2012 Debt Service Reserve Fund therein, shall equal the outstandin'principal alllount of the Series 2012 Bonds, plus the amount of all interest due thereon until threspective maturity dates of the Series 2012 Bonds, no further deposits need be made into saifunds.ISECTION 21. All sums in the funds referred to in Section 19 hereof shall be kept 01deposit in bank accounts separate from all other bank accounts of the City in a bank or bank'having Federal Deposit Insurance Corporation insurance of its accounts and at all times shall bcontinuously secured as provided by the laws of the State Jar other funds of the City. or, in thediscretion of the Governing Body, lllay be invested as directed in this Bond Resolution iinvestments authorized under the laws of the State as may now be or hereafter becomapplicable. Such investments shall mature or be redeemabl~ prior to the time the funds s'invested will be needed for expenditure. Any interest or other income received frolll investmentshall accrue to and be deposited in the fund which generated sllch income or to which suc \income is attributable. Provided, however, that the Governing Body shall transfer to tile 20 ICurrent Debt Service Account in the 2012 Bond and Interest Fund any such income in excess orthe aggregate amount required by this Bond Resolution to be maintained 1!1 allY other fund oraccount.SECTION 22. The City covenants and agrees with the Registered Owners that it willperform, or cause to be performed, all duties vvith respect to the operation and maintenance of thrSystem and with respect to the Jixing, maintaining and collecting of the rates, fees ami charge,J~r the services thereof, the establishing of the funds herein referred to, and all other matters anthings required by law and by this Bond Resolution, and that it will do or cause to be done. in a Itime amI season. each and every official act necessary lor the payment of the principal of and thinterest on the Series 2012 Bonds as the same shall mature and accrue.ISECTION 23. The City further covenants with the Registered Owners as follows:(a) As long as any of the Series 2012 Bonds are outstanding and unpaid, it willoperate and maintain the System, or cause the System to be operated and maintained.23

I ~(b)an malll am ra es an ma e an co ec c arges or e use an serVIce 0 e ys em w lidi wPat all times be sufficient: (i) to pay the Current Expenses of the System, (ii) to provide onehundred ten per centum (110%) of the amount of the maximum Principal and InterestRequirements for the current Bond Year on account of the Bonds then outstanding and (iii) tofund the 2012 Debt Service Reserve Fund, the 2012 Depreciation Fund and the 2012 ContingentPund as provided in Section 19 hereof.437l\lI~1~ aQQKet'J~ih263.(ClT}{ltQJaiQXfQSP,it \'bi!.1~

438MINUTE BOOK No. 63, CITY OF OXFORDIc=='~~~~-- -===-~1) _ f\ statemept of' the amOll'l1 on dep')si t ill-Prtcl} of 1he (!,uds referredDt~'firES~-flt~19 of this Boncl Resolution. I ,iSECTION 25. (a) In order to insure the efficient and economical operation of th~System and to insure the proper maintenance thereof in an efficient working order, the Citycovenants, as a part of the contract to be evidenced by the Series 2012 Bonds, that it will employ,:while any of the Series 2012 Bonds are outstanding, independent engineers or engineering firmslIl~aving a favorable reputation fO.r skill a!ld experience. in such work, such engineer or engineerin~1finn to act as Consuitlllg Engl11eers lor the operatIon ancl mall1tenance of the System. Thcompensation of the Consulting Engineers shall be deemed to be an expense of operating th 'System and shall be payable Ii-OIII Revenues.I(b) It shall be the duty of the City. with advice fr0111 the Consuiting Engineers Iannually to inspect the System prior to the commencement of each Fiscal Year and to file ~report with the Clerk prior to the commencement of each Fiscal Year. setting out the condition oCthe physical plant of the System and any recommendations which such the Consulting Engineersshall deem to be advisable. Such report shall include the following:I(i) Advice and recommendations concerning the maintenance, reparr anoperation of the System.(ii)o[ the System.(iii)Advice and recommendations as to renewals or replacements of any parAdvice and recommendations as to extensions of the System.(iv) The estimated cost of any recolllmended renewals, replacements orextensions to the System.(v) Advice and recommendations concerning the amount and character 0insurance that should be carried on the System.(vi) Advice and recommendations concerning any revision of the rates to bcharged for the services of the System.I(vii) A statement of the judgment of the City with advice from such ConsultinEngineers concerning whether the Svstem had been maintained in good repair anoperating order. with such suggestions "as such Consulting Engineers may deem advisabl'concerning changes in the methods of operating the System.(c) The City covenants with the Registered Owners that if the report of th~Consulting Engineers shall show that the System has not been maintained in good repair anoperating condition, it will, frol11 available Revenues and from the 2012 Depreciation Fund anljto the extent applicable, the 2012 Contingent Fund, promptly restore the System to good repai'ancl operating condition; that all recommendations of said report shall receive i1l1parti~1consideration by the Governing Body; and that the City and the Governing Body shall endeavorin good faith to carry out the recommendations that may be made by the City with advice frol~the Consulting Engineers.SECTION 26. (a) Except as hereafter set forth in subparagraph (b) below, fwm andaner the issuance of the Series 2012 Bonds. no Additional Bonds shall be issued or ubligation'incurred by the City which are payable in whole or in part [rolll or chargeable to Revenue(except obligations incurred in the operation and maintenance of the System), unless sucAdditional Bonds or obligations are in all respects junior ancl subordinate to the Series 201Bonds.I(b) The City shall have the right to issue one or more series of Additional Bonds to hesecured by a parity lien on and ratably payable from Net Revenues and any other securitypledged to the Series 2012 Bonds, provided in each instance that:(i) the Net Revenues available for payments of principal of and interest on th~Series 2012 Bonds for a period of 12 consecutive months durmg the 18 months precedmgthe month in which such Additional Bonds are issued must be certified by all accountant25

439Isuccee lllg on ear WI 1 respec 0 1e enes _ om s an 1e ( Ilona on sproposed to be issued; or in lieu of the foregoing formula, if a new schedule of rates, feesand charges for the services, facilities and commodities of the System shall have beenadopted, then the Revenues available for debt service payments (taking into account suchnew rates) must be certified by an accountant to have been at least equal to 125% of thehighest annual debt service payments in any succeeding Bond Year with respect to theSeries 2012 Bonds and the Additional Bonds proposed to be issued during the period setforth above;(ii) the pledge of and lien on the Net Revenues and amounts on deposit fromtime to time in the 2012 Bond and Interest Fund shall be extended for the benefit of theregistered owners of the Additional Bonds; and(iii) the resolution under which the proposed bonds are being issued shallprovide for the funding of an increase in the 2012 Debt Service Reserve Fund resultingIi-Oln the issuance of such Additional Bonds from the proceeds of such Additional Bondsor as otherwise allowed by Section 19(b)(ii),(cl The City hereby covenants and agrees that in the event Additional Bonds in oneor more series are issued on parity with the Series 2012 Bonds, it shall:I(i) Adjust the deposits into the 2012 Bond and Interest Fund in the followingmanner: On or before the tenth (I O'h) day of each 1110nth, commencing in the first monthafter the delivery of the Additional B011ds, there shall be deposited into a subaccount inthe 2012 Bond and Interest Fund designated 2012 Current Debt Service Account anamount which, after taking into account any amounts already on deposit and equalsubsequent monthly deposits on or before the tenth (I O'h) day of each successive month,will provide a sum equal to the amount necessary to pay interest and principal due andpayable through the date on which the next installment of principal on the Bonds and theAdditional Bonds is due.(ii) Adjust the amount on deposit in the 2012 Debt Service Reserve Fund to asum equal to the Debt Service Reserve Fund Requirement as calculated for the Series2012 Bonds and such Additional Bonds. The additional funds required in the immediatepreceding sentence shall be fimded Ii-om the proceeds of the Additional Bonds or asotherwise allowed by Section 19(b)(ii).(iii) Adjust the maximum amounts to be deposited annually into the 2012Depreciation Fund and the 2012 Contingent Fund, taking into account the futurereplacement cost of the facilities and equipment to be constructed or acquired with theproceeds of such Additional Bonds, by depositing into said funds on the first BusinessDay of each month, commencing in the first month after the delivery of such AdditionalBonds, such amount, if any, of the balance remaining after making the deposits underclauses (i) and (ii) above (or the entire balance if less than the required amount) as isrequired by the resolution under which such Additional Bonds are issued.I(d) The City shall have the right to call, subject to the call provisions of the respectiveBond series, any or all outstanding Bonds which may be called at par prior to calling any Bondsthat are callable at a premium. If it is provided in any subsequently issued series of AdditionalBonds secured by a parity lien on Net Revenues that excess moneys in the 2012 Bond andInterest Fund shall be used to redeem bonds in advance of scheduled maturity or if the City, at itsoption, undertakes to redeem outstanding Bonds in advance of scheduled maturity, it is agreedand understood that:(i) calls of or prepayment on Bonds will apply to each series of Bonds on anequal pro rata basis (retlecting the proportion of the original amount of each series ofBonds outstanding at the time of snch call); and(ii) calls of Bonds for each Bond series will be in accordance with the callprovisions of the respective Bond series.26

440MINUTE.BOQK No. ~3,. CITY O~ OXFORD(e) J he Cdr may 'SS'Je hr:u-vls-J'-IU!Of and -subordl-na!e--to-the Senes----~~~any Additional Bonds at any time. provided that the issuance of such bonus does not violate anycovenant of the City concerning any of its then outstanding Series 2012 Bonds.SECTION 27. (a) The provisions of this Bond Resolution shall constitute a contracbetween the City anu the Registered Owners from time to time of the Series 2012 Bonds. analter the issuance of the Series 2012 Bonds no material modification or amendment to this BonResolution or of any resolution amendatory hereof or supplemental hereto shall be maue in anlIlanner except upon written consent of the Registered Owners of at least sixty-five percen(65%) in principal amount of the Series 2012 Bonds then outstanding.I(b) Any and all mouification or alterations made in the manner hereinabove provideshall not become effective until the required consents shall have heen filed with the Clerk.(c) No mouilications or alterations to this Bond Resolution shall ex tend the maturity·of or reuuce the interest rate on or otherwise alter or impair the obligation to pay the principal ;ror the interest on any of the Series 2012 Bonds at the time and place and at the rate and in thecurrency as provided herein. without the express consent of the Registered Owner of any of sue!'Series 2012 Bonds, nor reduce the percentage of the Series 2012 Bonds required for thaftinnative vote or written consent to a modification or alteration, nor alter or impair thcovenants set forth in Sections 22, 23 and 25 hereof.ISECTION 28. The Series 2012 Bonds shall be payable equally and ratably. wi thouregard to the date when the Series 2012 Bonds actually shall be delivered anu shall enjoy parit •of lien. one with the other, upon Net Revenues and with the Water/Sewer Bonds.'SECTION 29. Principal proceeds received from the sale of the Series 2012 Bonds plu~the certain amounts transferred from the funus and accounts for the Prior Bonds, if any. and suchother amounts as may be contributeu by the City, less amounts depositeu to the 2012 DebtService Resen'e Funu. shall be deposited with the Escrow Trustee in the Escrow Account and theCost of Issuance Account (as such terms are defined in the Escrow Agreement) created pursuantto the Escrow Agreement. A portion of the proceeds orthe Series 2012 Bonds shall be uepositeclin the Cost of Issuance Account and used by the Escrow Trustee to pay all fees and expenseSincluuing those of Bond Counsel. City Counsel, financial Auvisor. Paying Agent and Esc\'()\iTrustee fees and expenses, premiums, cOlllmissions anu all other fees anu expenses incurred bthe City in connection with the authorization. issuance, sale, valiuation anu delivery of the Serie,2012 Bonds. Said costs of issuance expenses as approved by the Mayor are hereby authorizeu tbe paid at Closing without further authorization or approval of the Governing Bouy. The balancof the proceeds of the Series 2012 Bonds shall be deposited in the Escrow Account and used bthe Escrow Trustee for the payment of the principal anu interest on the Refunueu Bonus as suchhecomes due and payable anu. upon redemption or maturity thereof. the principal of, premium. ifallv. and interest on the Refunded Bonds. The Clerk is herebv directed to transfer lillill the luncHand accounts for the Prior Bonds to the Escrow Account or'the appropriate funds and accountttor the Senes 2012 Bonds, such amounts as Bond Counsel and the Fmanclal AdVisor shall ueenalawful anu appropriate. :1lSECTION 30. The City hereby irrevocably elects anu uirects that the RetLltIued Bond .shall be paid and reueemeu on the Reuemption Date and at the Redemption Price as morparticularly set forth in Exhibit A hereto anu in the Bonu Purchase Agreement. The Clerk'fShereby authorized and directed to give notice of such redemption to the applicable Prior PayinAgent. and such Prior Paying Agent is hereby authorized and uirected to provide notice of theredemption of the Refunded Bonds to the holders of such Refunued Bonus.SECTION 31. (a) The Registered Owner of any of the Series 2012 Bonds may. by sui,.action. mandamus or other proceedings at law or in equity, enforce and compel performance b·the appropriate official or officials of the City. of any or all ac~s and uuties to be performed by tl~City under the provisions of the Act anu of tlllS Bonu Resoluhon.III(b)Each of tile following constitutes all event of default under this Bond Resolution:!1(i)time required:failure by the City to pay any installment of principal of any Bond at tile27

441lMINI4Il; ijQ~ ~~ ~~'irCjit~lQfing~J~~Qonc\,~tN\\l~IDIAN"02"ltme reqlnred;(iii) failure by the City to perform or observe any other covenant, agreement orcondition on its part contained in this Bond Resolution or in the Series 2012 Bonds, andthe continuance thereof for a period of sixty (60) days after written notice thereof to theCity by the Registered Owners of not less than ten percent (10%) in principal amount ofthe then outstanding Bonds; orI(iv) tiling by the City of a petition seeking a compositIon of indebtednessunder the federal bankruptcy laws, or under any other applicable federal or state law.(c) If there be any default in the payment of the principal of and interest on the Series2012 Bonds, any court having jurisdiction in the proper actiull lIIay, upon petition of theRegistered Owners of a majority in principal amount of the Series 2012 Bonds then outstanding,appoint a receiver to administer and operate the System with power to tlx rates and collectcharges sufficient to provide for the payment of the Series 2012 Bonds and to pay the expense ofoperating and maintaining the System in conformity with the provisions of the Act and of thisBond Resolution.SECTION 32. At least five (5) days prior to the due date thereof, the Clerk shall remit tuthe Paying Agent the sum or sums then becoming due as interest, or principal and interest, on theSeries 2012 Bonds, plus the sum then due as the charges of the Paying Agent for its services andresponsibilities under the terms of this Bond Resolution, which charges shall be expenses ofoperation and shall be charged to and payable 11"0111 the Operation and Maintenance Fundreferred to in Section 19 of this Bond Resolution.ISECTION 33. As authorized by the Act, the Series 2012 Bonds shall be submitted tovalidation in the Chancery Court of Lafayette County, Mississippi, in the manner and with theforce and etTect provided by Sections 31-13-1 et seq., Mississippi Code of 1972, as amended,and to that end a certifIed transcript of all proceedings and other documents relating to the saleand issuance 0 f the Series 2012 Bonds forthwith shall be prepared and forwarded to the State'sBond Attorney by Bond Counsel and the Clerk.SECTION 34. (a) If the City shall payor cause to be paid to the Registered Owners ofthe Series 2012 Bonds the principal ot: premium, if any, and interest to become due with respectthereto at the times and in the manner stipulated therein and herein, and if the City shall keep,perform and observe all and singular the covenants and promises in the Series 2012 Bonds and inthis Bond Resolution expressed as to be kept, performed and observed by it or on its part andshall payor cause to be paid to the Paying Agent all sums of money due or to become dueaccording to the provisions hereof, then the rights oflhe Registered Owners under the Resolutionshall cease, determine and be void, and thereupon the lien of this Bond Resolution on NetRevenues shall be defeased, cancelled and discharged.I(b) All Series 2012 Bonds for the payment or redemption of which sufficient monies,or, to the extent permitted by the laws of the State, (a) direct obligations of, or obligations thepayment of the principal of and interest on which are unconditionally guaranteed by, the UnitedStates of America ("Government Obligations"), or (b) certificates of deposit or other securitiesfully secured by Government Obligations, or (c) evidences of ownership of proportionateinterests in future interest or principal payments on Government Obligations held by a bank ortrust company as custodian, under which the owner of the investment is the real party in interestand has the right to proceed directly and individually against the obligor on the GovernmentObligations and which Government Obligations are not available to satisfy any claim of thecustodian or any person claiming through the custodian or to whom the custodian inay beobligated, or (d) municipal obligations, the payment of the principal ot~ interest ancl premiulll, ifany, on which are irrevocably secured by Government Obligations and which GovernmentObligations are not subject to redemption prior to the date on which the proceeds attributable tothe principal of such obligations are to be used and have been deposited in an escrow accountwhich is irrevocably pledged to the payment of the principal of and interest and on suchmunicipal obligations (all of which collectively, with Government Obligations, are hereinaftercalled "Defeasance Securities"), shall have been deposited with an escrow agent appointed forthe purpose in trust for the owners thereot~ which may be the Paying and Transfer Agent,28

442.LWh~th~JI~PJ~o~89~~ig.Q~~ £JJXQIBfte 9->5 I E

,443SECTIMIN.l~;rJ;·ragQKLNtg~, a~~J~;;r;¥ ~fssQl

444r=~~~MINUTE BOOK No. 63, CITY OF OXFORDDEMENT·MERIDIAN 61·226IEXHIBIT AREFUNDED BONDSII

,MINUTE BOOK$Nol,I6S, CITY OF OXFORD(6R1tJINAL I'ItINCIPAL AM6UNT)CITY OF OXFORD, MISSISSIPPIWATER AND SEWER SYSTEM REVENUE BONDS SERIES 2003DATED DECEMBER 1, 2003445DEMENT-MERIDIAN 61·0226.•...•. ~IPaying Agent: The Peoples Bank, Biloxi, MississippiPayment Dates: June 1 and December 1Outstanding Amount: $1,135,000Maturity Interest Principal RedemptionDate Rate Amount Price12/1/2014 3.800% $ 95,000 100%12/1/2015 3.875 100,000 10012/1/2016 3.900 100,000 10012/1/2017 4.000 105,000 10012/1/2018 4.000 110,000 10012/1/2019 4.100 115,000 1001211/2020 4.200 120,000 1001211/1021 4.100 125,000 10012/1/2022 4.000 130,000 10012/1/2023 4.000 135,000 100II

446rc===~~~~~MINUTE BOOK No. ~8(~~IoY OF OXFORD.. ~... ~. ~.. ~.~. -.~ .. --.... -.-~--------== .(ORIGINAL PRINCIPAL AMOUNT)CITY OF OXFORD, MISSISSIPPIWATER AND SEWER SYSTEM REVENUE BONDS SERIES 20()4DATED NOVEMBER 1,2004DeMeNT"eR"""''''Paying Agent: First National Bank of Clarksdale, Clarksdale, MississippiPayment Dates: May 1 and November 1Outstanding Amount: $1,115,000Maturity Interest Principal RedemptionDate Rate Amount Price11/1/2015 4.000% $ 90.000 100%111112016 3.875 95.000 1001111/2017 3.900 95.000 10011/1/2018 4.000 100.000 10011/1/2019 4.100 110.000 100111112020 4.125 115.000 10011/1/2021 4.250 120.000 1001111/2022 4.250 125,000 10011/1/2023 4.375 130.000 10011/1/2024 4.500 135,000 100III

34 447MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0226EXIIIDIT DDONI) PURCHASE AGREEMENTIII

448 35MINUTE BOOK No. 63, CITY OF OXFORD~~~~~. _~~~~DeM~eN'~Me~RIDI~'N6~j-226F" . IiExmllITCPRELIMINARY OFFICIAL STATEMENTIII

,36 449MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0226EXHIBIT DESCROW AGREEMENTIREZONING:This was the public hearing and second reading ofthe proposed rezoning of property located betweenIlwy 7 South and South Lamar from RA to RC.Tim Akers asked the Planning Commission minutesand letters received become part of the fileregarding the rezoning case. The PlanningCommission denied the rezoning.IKenny Coleman came before the Mayor and Boardof Aldermen to request the property be rezonedfrom RA to RC. Mr. Coleman has tried to continuethe development as RA. He says he wasunsuccessful to receive any interest from buildersbecause of the economic climate. lIe discoveredthe rental market was of the greatest demand. Heconducted a study ofthe top ten apartment rentalsand based on this study, he says there is a need foradditional apartments in this area. A total of 2280apartment units were surveyed and only one wasavailable for rental. He said there would not be anaccess point between the proposed RC developmentand the current Windsor Falls subdivision.Mark McAnally with Windsor ralls neighborhoodhomeowners association stated their neighborhoodhad three concerns.I) The character of theneighborhood has not changed. Theproposed apartments do not fit within thecharacter of the neighborhood.I2) The amount of increasedtraffic on South Lamar would bedramatically increased.3) They don't believe a need ttl[the rezoning has been proved by thedeveloper. There are acres already zoned RCwithin the City.

4501-MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61·226Tim Akers stated the reasons for rezoning. Onereason is if there is proofofa mistake in the originalzoning. This does not apply to this property. Thesecond reason for rezoning is the character of theneighborhood has changed and there is a publicneed for rezoning.Bill Wobbly, who lives at 210 Powers Drive, SouthOaks, stated their neighborhood was not in favor ofthe proposed rezoning. He doesn't believe thatthere has been a change in the neighborhood tdrenect the need for rezoning. lie also is worried itwould decrease the property values in hisneighborhood. There are 390 acres already zoned aslllulti-family in the City of Oxford.Kerry Nichols with the North Mississippi RegionalCenter came before the Mayor and Board to raiseconcerns about the amount of increased traffic thatwould occur with the proposed development.Christina Davis, Ridgeland I leights neighborhoodsubdivision association president, came before theMayor and Board of Aldermen. They have eightyhomes in their neighborhood. She mentioned apossible increased erosion problem that could occurif the rezoning occurred. There were a number ofpeople in the audience would were here inopposition of the proposed rezoning.The third reading and vote will be at the next boardmeeting.37IIREZONING:BURNS CIIIJRCH:OUT BUSES:PROCLAMAJlON:This was the second reading and public hearing ofthe proposed rezoning of property located south ofIIighway 6 West from RC to GI3 and NB. TimAkers asked the Planning Commission minntes bepart of the file. This rezoning was approved by thePlanning Commission. There was no commentmade frolll the public.It was moved bv Alderman I lowell. seconded byAlderman Taylor to authorize the advertisement forPhase II of the Burns Church Renovation. All thealdermen voting aye. Mayor Patterson declared themotion carried.It was moved by Alderman Antollow, seconded byAlderman I3ailey to authorize the purchase of threeNova Low Floor buses from Charlotte Area Transitfor $14,400.00. All the aldermen voting aye, MayorPatterson declared the motion carried.It was moved by Alderman Morgan. seconded byAlderman Bailey to adopt the Proclamationannouncing October 22-26,2012 as Spirit's Week.All the aldermen voting aye, Mayor Pattersondeclared the motion carried.I

,451cityofoxfordMINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0226I~AYORAL PROCLAMATIONWHEREAS the City of Oxford, Mississippi, has an interest in promoting the historicalknowledge of its citizens and visitors; andWHEREAS to know the past is to better understand the present and to be able to betteraffect the future; andWHEREAS the Cedar Oaks Guild, composed of gracious ladies who have dedicatedthemselves to the preservation and restoration of the "House that would not die," have thisyear collaborated with Theater Oxford to produce the 4th production of "Spirits of Oxford";andWHEREAS these two organizations have reincarnated outstanding, interesting, andinfamous citizens from Oxford's glorious past, prepared dramatic monologs for them andcostumed them in attire becoming their era; andWHEREAS these long-dead citizens will be found strolling around the Square, in and out ofrestaurants who'll be offering "Spirits Specials" during the week, visiting Civic Clubs, andappearing on Thacker Mountain Radio; andIWHEREAS all of these spirits will appear together for two performances in St. Peter'sCemetery on Friday, October, 26, for the enlightenment and erudition of the audiences, thushelping us all to better know and understand Oxford's past;NOW, THEREFORE, DO I, Pat Patterson, Mayor of the City of Oxford, proclaim October 22 _26,2012In the city of Oxford, Mississippi.SPIRITS OF OXFORD WEEKSigned this 16 th day of October, 2012Pat Patterson, MayorCity of Oxford107 Court House SquareOxford, Mississippi 38655 662-236-1310ISTREET CLOSING:It was moved by Alderman Antonow, seconded byAlderman Williams to authorize Avent Streetclosing on October 26, 2012 li'om 6:00 - 10:00 p.m.for the Spirits of Oxford. All the aldermen votingaye, Mayor Patterson declared the motion carried.

___ , _______________ _452 39MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-226ORDINANCE 2012-9:ORDINANCE 2012-10:MS RURAL WATERASSOCIATION:CONSULTANT:SURPLUS:ELECTRIC BILLING:It was moved by Alderman Antonow. seconded byAlderman Oliver to adopt Ordinance 2012-9. "ANORDINANCE AMENDING APPENDIX A.ARTICLE 7. SECTION 201, 20L09 OF THECODE or ORDINANCES or THE ClTY OFOXFORD, MISSISSIPPI TO CIIANGEREQUIRED MINIMUM PARKING SPACESIZE." Said ordinance is recorded in Book 8 of theCode of Ordinances. All the aldermen voting aye,Mayor Patterson declared the motion carried.It was moved by Alderman Oliver, seconded byAlderman Antonow to adopt Ordinance 2012-10,"AN ORDINANCE AMENDING APPENDIX A,ARTICLE 9, SECTION 230, LANDDEVELOPMENT CODE, THE CODE OFORDINANCES or THE ClTY OF OXFORD.MISSISSIPPI." Said ordinance is recorded in Book8 of the Code of Ordinances. All the aldermenvoting aye, Mayor PattersOll declared the motioncarried.It was moved by Alderman Williams, seconded byAlderman Taylor to authorize permission for aWastewater Treatment Plant Operator to attend MSrural Water Association fall training in Batesville.MS on October 16-18.2012 with a cost of$I25.00.All the aldermen voting aye, Mayor PattersOlldeclared the motion carried.It was moved by Alderman Taylor, seconded byAlderman Williams to authorize the hiring of aconsultant, Karen Green, from Ross & Yeagerregarding health insurance. All the aldermen votingaye, Mayor Patterson declared the motion carried.It was moved by Alderman Howell, seconded byAlderman Williams to authorize two ElectricDepartment trucks surplus and advertise ongovdeals.com. All tIle aldermen voting aye, MayorPatterson declared the Illotion carried.Rob Neely came before the Mayor and Board ofAldermen to request an adjustment on the billing forthe old Whirlpool property to the University ofMississippi. The University purchased theWhirlpool property and the demand on the accountwas not changed nor was the power contractupdated. Mr. Neely feels the Electric Departmentowes the University this relun"It was moved by Alderman Morgan. seconded byAlderman Bailey to authorize an adjustment to theUniversity of Mississippi's bill at 927 WhirlpoolDrive in the amount 0[$34,795.1 L All thealdermen voting aye, Mayor Patterson declared thell10ti on carried.III

Customer:location ID:Address:University of Mississippi206177927 Whirlpool DriveMINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-02264531Month Year (KW)nuary 2011 146400bruary 2011 55200archpril201120112880019200mount(KW) (3500 KWI (500KWI427.2 $ 22,085.57 $ 14,095.95460.8 $ 16,247.92 $ 9,119.8040.8 $ 14,916.98 $ 3,643.0340.8 $ 11,232.46 $ 2,829.04Differenc I$ 7,98 .62$ 7,12 .. 12$ 11,27 .95$ 8,40 .42IANIMAL CONTROLORDINANCE:TOTALThis was the first reading of a proposed change tothe Animal Control Ordinance. The amendment tothe ordinance would require animals to besurrendered at the shelter. In cases of extremehardship the animal control officer may pick up ananimal at the home of the owner, if requested by theowner. The second reading and public hearing willbe held at the next meeting.$ 34,79 .11TRAINING:It was moved by Alderman Taylor, seconded byAlderman I-lowell to approve Donavan Lyons toaHend training at Tupelo Police Academy with acost of $900.00. All the aldermen voting aye,Mayor Patterson declared the motion carried.IPROMOTION:It was moved by Alderman Howell, seconded byAlderman Williams to authorize the promotion ofMichael Brown li·om part time to full time in theSanitation Department with a new salary of$23,537.86. All the aldermen voting aye, MayorPatterson declared the motion carried.PROMOTION:It was moved by Alderman Antonow, seconded byAlderman Howell to authorize the promotion ofChris Robertson from lieutenant to captain in thePolice Department with a new salary of $50,945.12.All the aldermen voting aye, Mayor Pattersondeclared the Illotion carried.ADVERTISE:It was moved by Alderman Bailey, seconded byAlderman Morgan to authorize the advertisement offull time laborer in the Building & GroundsDepartment. All the aldermen voting aye, MayorPatterson declared the motion carried.IEMPLOYMENT:ADA COORDINATOR:It was moved by Alderman Howell, seconded byAlderman Bailey to authorize the employment ofWililiam McCuiston as an apprentice lineman witha salary of$37,408.34 and Dustin Kannada as anapprentice linemen with a salary of $31,328.89 withthe Electric Department. All the aldermen votingaye, Mayor Patterson declared the motion carried.It was moved by Alderman Antonow, seconded byAlderman Williams to authorize a contract withJudy Petit as part time ADA coordinator for fifteenhours a week for one year with a rate of $20.00 perhour. All the aldermen voting aye, Mayor Pattersondeclared the motion carried.EXECUTIVE SESSION:It was moved by Alderman Howell, seconded byAlderman Bailey to consider executive session for

454 41cr~~~~~~~-MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-226one personnel issue, one contract and one potentiallitigation issue. All the aldermen present voting aye,Mayor Patterson declared the motion carried.It was moved by Alderman Howell, seconded byAlderman Bailey to go into executive session. Allthe aldermen present voting aye, Mayor Pattersondeclared the motion carried.IREGULAR SESSION:BELK CONTRACT:It was moved by Alderman Morgan, seconded byAlderman Oliver to come out of executive sessionand return to regular session. All the aldermenpresent voting aye, Mayor Patterson declared themotion carried.Bart Robinson and Pope Mallette presented theboard with two options [or the purchase of (he Belkproperty. The options were related to the portion orthe building, the old Oasis building, and who wouldbe responsible for partial demolition.EMPLOYMENT:ADJOURN:It was moved by Alderman Bailey, seconded byAlderman Antonow to authorize the purchaseagreement with Belk properties, r()lIowing OptionA All the aldermen voting aye, Mayor Pattersondeclared the motion carried.The Board was told that Officer AIm had a priorobligation for military service because of priorROTC involvement. fIR Director told Board hehad recently seen a copy of Orders showing thatOfficer Aim received a cOlllmission in May 2012,and that he reported lor duty for one day onSeptember 23, 2012, and was told to report back inearly 2013 because of his physical condition as aresult of an accident. Based on this newinformation, and on Ol1icer Aim's request to bereemployed, it was moved by Alderman Antonow,seconded by Alderman Oliver (0 allow OrricerDavid AIm (0 return to work for the City o[ Oxford,duties to be determined by the Human ResourceDirector, consistent with any physical limitationsthat might still be present. All the aldermen presentvoting aye, Mayor Patterson declared the motioncarried.It was moved by Alderman Antonow, seconded byAlderman Howell to adjourn the meeting sine-die.All the aldermen present voting aye, MayorPatterson declared the motion carried.II(./\::/ ---, -.!(/.. L-.. XI' '/' iCy' /~ .~~ ~fLd'_Lisa Carwyle, City Clerk

I 455MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0226UNITED STATES OF AMERICASTATE OF MISSISSIPPIICOUNTY OF LAFAYETTECITY OF OXFORDREGULAR MEETINGOctober 16, 20126:00 p.m.CALL TO ORDER:The meeting of the Mayor and Board of Aldermenof the City of Oxford, Mississippi, was called toorder by Mayor Patterson at 6:00 p.m. on Tuesday,October 16, 2012, in the court room of City Hallwhen and where the following were present:George G. Patterson - MayorNey Williams- Alderman Ward IE.O. Oliver- Alderman Ward IIJanice Antonow- Alderman Ward IIIUlysses Howell- Alderman Ward IVPreston Taylor- Alderman Ward VJason Bailey- Alderman Ward VIJohn Morgan- Alderman at Large- absentIMayo Mallette PLLC - Of CounselBart Robinson- Director of Public WorksLisa Carwyle- City ClerkTim Akers - Dir of PlanningMike Martin- Chief Oxford Police DeptCary Sallis- Chief of Fire DeptEddie Anderson- Dir. of SanitationAl Hope- Dir of Human ResourcesRandy Barber- Director of BuildingBilly Lamb- Supt. of Bldg & GroundsRob Neely- Supt. of Electric DepartmentAGENDA:It was moved by Alderman Howell, seconded byAlderman Bailey to adopt the agenda for themeeting. All the aldermen present voting aye,Mayor Patterson declared the motion carried.MAYOR'S REPORT:I

I456 2MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61 -226;c==="~~~~~MINUTES:ACCOUNTS:CITY RIGHT-OF-WAY:LOADING ZONE:REZONING REQUEST:ORDINANCE 2012-11:PROFESSIONAL SERVICES:ORDINANCE:It was moved by Alderman Antonow, seconded byAlderman Williams to adopt the minutes of thespecial meeting on October 2, 2012. All thealdermen present voting aye, Mayor Pattersondeclared the motion carried.It was moved by Alderman Howell, seconded byAlderman Bailey to approve the payment of allaccounts for the City. All the aldermen presentvoting aye, Mayor Patterson declared the motioncarried.Michael Turner came before the Mayor and Boardof Aldermen to discuss his need for a sign at abuilding he owns at 829 North Lamar. He wants toplace his sign on City right-of-way. MayorPatterson asked him to work with Building Official,Randy Barber, for a resolution of how he can fit asign on his own property.Bradley Bishop came before the Mayor and Boardof Aldermen to request permission to reserve theloading zone directly behind the Lyric on Thursday,October 18,2012 from 11 :00 a.m. to 5:00 p.m.After discussion the Mayor asked the Board to givehim and Bart Robinson permission to work out asolution with the Lyric.This was the third reading and vote of rezoning ofproperty located between Hwy 7 South and SouthLamar from RA to RC. There was no motion madeby the Board of Aldermen.It was moved by Alderman Taylor, seconded byAlderman Antonow to adopt Ordinance 2012-11,"AN ORDINANCE AMENDING THE OFFICIALZONING OF THE CITY OF OXFORD,MISSISSIPPI, 2004, SO THAT CERTAINPROPERTY LOCATED ON THE SOUTH SIDEOF HIGHWAY 6 WEST ON RICKY D. BRITTBOULEVARD FROM RC (MUL TIF AMIL YRESIDENTIAL TO (GB) GENERAL BUSINESSDISTRICT AND (NB ) NEIGHBORHOODBUSINESS DISTRICT." Said Ordinance isrecorded in Book 8 of the City of Oxford Code ofOrdinances. All the aldermen present voting aye,Mayor Patterson declared the motion carried.It was moved by Alderman Antonow, seconded byAlderman Bailey to approve the procurement ofprofessional services to update Oxford UniversityTransit's Title VI Program. Slaughter & Associateswill perform the work for an amount not to exceed$2,500.00. All the aldermen present voting aye,Mayor Patterson declared the motion carried.This was the first reading of a proposed amendmentto the ordinance amending Section 54-26, CriteriaIII

3 457MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0226for the Issuance of a Certificate of Appropriatenessand Section 54-30, Demolition by Neglect.ISURPLUS PROPERTY:Vehicle1994 Caterpillar D6E Bulldozer1994 JCB Backhoe2007 Dodge Ram 25002003 GMC Yukon2007 Ferris Zero Turn Mower2001 Opus Transit Bus #16012001 Opus Transit Bus #16051992 Ford F-1501994 Ford F-150It was moved by Alderman Howell, seconded byAlderman Williams to declare two OxfordUniversity Transit buses surplus and authorizeadvertisement on GovDeals.com. All the aldermenpresent voting aye, Mayor Patterson declared themotion carried.Serial #Department2MJOl7459Solid WasteSLP2145CE0432052 StreetID7KS28D47J518662 NarcoticsI GKEC!32X3J287170 Narcotics2000631618 WWTPI C9B5BFS II W535040 TransitIC9B5BFS91W535044 TransitIFTDFI5NONNA94661 ElectricIFTDFI5YORLB49749 ElectricIORDINANCE AMENDMENT:SURPLUS PROPERTY:SOCCER FIELD LIGHTING:CSA FALL WORKSHOP:This was the first reading of proposed ordinanceamendment regulating handicapped parking andparking enforcement. The second reading and votewill be held at the next board meeting.It was moved by Alderman Williams, seconded byAlderman Howell to declare the following vehiclessurplus and advertise for sale on GovDeals.com.All the aldermen present voting aye, MayorPatterson declared the motion carried.It was moved by Alderman Taylor, seconded byAlderman Bailey to approve DalhoffThomas'sdesign proposal for soccer field lighting in theamount of$7,160.00. All the aldermen presentvoting aye, Mayor Patterson declared the motioncarried.It was moved by Alderman Taylor, seconded byAlderman Antonow to authorize two employees toattend CSA Fall Workshop in Tupelo, MS onNovember 13,2012 at no cost to the City. All thealdermen present voting aye, Mayor Pattersondeclared the motion carried.IOED ANNUAL AUDIT REPORT: It was moved by Alderman Howell, seconded byAlderman Bailey to accept the Oxford ElectricDepartment Annual Audit report. All the aldermenpresent voting aye, Mayor Patterson declared themotion carried.ADVERTISE:It was moved by Alderman Howell, seconded byAlderman Williams to authorize the advertisementfor an 150KV 600 AMP Switchgear. All thealdermen present voting aye, Mayor Pattersondeclared the motion carried.

458 4MINUTE BOOK No. 63, CITY OF OXFORDDEMENT·MERIDIAN 61 ·226- --- --- ----------_.IORDINANCE 2012-:It was moved by Alderman Antonow, seconded byAlderman Bailey to adopt Ordinance 2012-12. "'ANORDINANCE ADDING CHAPTER 18, ARTICLEII, SECTION 47 OF THE CODE OFORDINANCES OF THE CITY OF OXFORD,MISSISSIPPI ANIMALS AND FOWL, CITYANIMAL SHELTER ORDINANCE." Saidordinance is recorded in Book 8 of the City ofOxford Code of Ordinances. All the aldermenpresent voting aye, Mayor Patterson declared themotion carried.I2012 INTERNATIONALRESIDENTIAL CODE:CLEANING OF PROPERTY:LEADERSHIP CONFERENCE:RESERVE OFFICER:MAGI TRAININGCONFERENCE:WOMEN'S AWARENESSAND RESPONSEINSTRUCTOR COURSE:It was moved by Alderman Bailey, seconded byAlderman Williams to authorize a buildinginspector and two fire inspectors to attend a trainingcourse in Hernando, MS on November 2,2012 onthe transition to the 2012 International ResidentialCode with a cost of $300.00. All the aldermenpresent voting aye, Mayor Patterson declared themotion carried.It was moved by Alderman Howell, seconded byAlderman Antonow to authorize the City to cut thegrass on parcelI35E-16-01O at 1006 Molly BarrRoad. The cost of the cleaning will be assessed totheir property taxes. All the al dermen presentvoting aye, Mayor Patterson declared the motioncarried.It was moved by Alderman Howell, seconded byAlderman Taylor to approve the court clerk toattend a Leadership Conference in Gulfport, MS onNovember 7-9, 2012 at no cost to the City. All thealdermen present voting aye, Mayor Pattersondeclared the motion carried.It was moved by Alderman Bailey, seconded byAlderman Howell to approve George E. Jackson asa reserve officer. All the aldermen present votingaye, Mayor Patterson declared the motion carried.It was moved by Alderman Williams, seconded byAlderman Bailey to approve five officers to attendMAGI Training Conference in Biloxi, MS onNovember 13-16, 2012 with a cost of $2,222.00.All the aldermen present voting aye, MayorPatterson declared the motion carried.It was moved by Alderman Antonow, seconded byAlderman Taylor to approve training for twoofficers to attend Women's Awareness andResponse Instructor Course on November 29-30,2012 in Flowood, MS at a cost of$800.00. All thcaldermen present voting aye, Mayor Pattersondeclared the motion carried.II

,5 459MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61·0226IIITAXI DRIVER PERMITS:PROMOTION:EXECUTIVE ASSISTANT:EXECUTIVE ASSISTANT:INTERVIEW COMMITTEE:EXECUTIVE SESSION:REGULAR SESSION:SUSPENSION:It was moved by Alderman Bailey, seconded byAlderman Howell to approve Joshua Brewer,Hamilton Vose and Preston Coleman for taxi driverpermits. All the aldermen present voting aye,Mayor Patterson declared the motion carried.lt was moved by Alderman Antonow, seconded byAlderman Bailey to authorize the promotion ofBridgette Frierson to Communication Supervisorwith a salary of $33,017.06. All the aldermenpresent voting aye, Mayor Patterson declared themotion carried.It was moved by Alderman Howell, seconded byAlderman Bailey to authorize the employment ofMegan Prescott as Executive Assistant in the PoliceDepartment with a salary of $36,078.64. All thealdermen present voting aye, Mayor Pattersondeclared the motion carried.It was moved by Alderman Antonow, seconded byAlderman Taylor to authorize the employment ofJackie Norris as Executive Assistant in the BuildingDepartment and Planning & Zoning Departmentwith a salary of$31 ,121. 75. All the aldermenpresent voting aye, Mayor Patterson declared themotion carried.Mayor Patterson discussed the process for the hiringof a new police chief. Chief Mike Martin is retiringJanuary 31, 2013. There will be an interviewcommittee who will then make recommendations tothe board of aldermen. The Board will theninterview the finalists.It was moved by Alderman Williams, seconded byAlderman Antonow to authorize the advertisementfor Police Chief. All the aldermen present votingaye, Mayor Patterson declared the motion carried.It was moved by Alderman Williams, seconded byAlderman Bailey to consider executive session forone personnel issue, one contract and one litigationissue. All the aldermen present voting aye, MayorPatterson declared the motion carried.It was moved by Alderman Howell, seconded byAlderman Bailey to go into executive session. Allthe aldermen present voting aye, Mayor Pattersondeclared the motion carried.It was moved by Alderman Howell, seconded byAlderman Bailey to come out of executive sessionand return to regular session. All the aldermenpresent voting aye, Mayor Patterson declared themotion carried.It was moved by Alderman Antonow, seconded byAlderman Bailey to follow the recommendation of

460 6MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61·226the Human Resource Director and the Police Chiefand suspend Tim Sockwell for two days withoutpay. All the aldermen present voting aye, MayorPatterson declared the motion carried.ADJOURN:It was moved by Alderman Antonow, seconded byAlderman Howell to adjourn the meeting sine-die.All the aldermen present voting aye, MayorPatterson declared the motion carried.IGeorge G. Patterson, Mayor/\ / '\:.../ .. " I " ... _./~".f .LIsa Carwyle, City ClerkII

461MINUTE BOOK No. 63, CITY OF OXFORDDEMENT·MERIDIAN 61-0226INOTICE OF SPECIAL MEETINGOF THE MAYOR AND BOARD OF ALDERMENOF THE CITY OF OXFORDPursuant to Section 21-3-21, Mississippi Code of 1972 Annotated, I, George G.Patterson, Mayor of the City of Oxford, Mississippi, do hereby call the Mayor and Boardof Aldermen of Oxford, MS, to a SPECIAL MEETING to be held onIThursday, November 1, 2012 AT 11:30 A.M. for the transaction of importantbusiness. The meeting will be held in the court room of City Hall. The business to beacted upon at the Special Meeting in consideration ofthe following:1.2.3.4.5.6.7.8.9.Discuss proposed ordinance amendment to permit liens on privateproperty. (Katrina Hourin)Award bid for OUT Transit Facility. (Tim Akers)First reading of an ordinance correcting downtown parkingregulations. (Tim Akers)First reading of ordinance concerning street closures. (Tim Akers)Discussion of proposed bus parking ordinance. (Tim Akers)Discuss scope of work proposal for City Hall.Discuss possible road projects. (Bart Robinson)Discuss pending City projects.Consider executi ve session.This the 31st day of October 2012.II, City Clerk of the City of Oxford, Mississippi, or a Deputy Clerk, do herebycertify that I have notified Alderman Ney Wi Iiams of the foregoing meetingon kz/'bl/(Y at 1.-/15' a.m.! .m-'L. ___I, City Clerk of the City of Oxford, Mississippi, or a Deputy Clerk, do herebycertify that I have notified Alderman E.. iver of the foregoing meetingon l vi;;. It p... at "1 " ?--.s- a.m. .m.1, City Clerk of the City of Oxford, Mississippi, or a Deputy Clerk, do hereby

462MINUTE BOOK No. 63, CITY OF OXFORDDEMENT·MERIDIAN 61·226.. ~Icertify tat I have notified Alderman Janice Antonow of the foregoing"" \'il,b-- • ~;U J? t ~. ~A&~meetingI, City Clerk of the City of Oxford, Mississippi, or a Deputy Clerk, do herebycertify that I have notified ~an ~s Howell of the foregoing meeting"" lol~t\,V"' 1.',1 "TJ~~/!;L/I, City Clerk of the City of Oxford, Mississippi, or a Deputy Clerk, do herebycertify that I have notified Alderman Pre Taylor of the foregoing meetingon \v h \ \ I Vat '1' ,2.5" a.m. .m.II, City Clerk of the City of Oxford, Mississippi, or a Deputy Clerk, do herebycertify I have notified Alderman JjJSon Bailey of the foregoing meetingthatlon \!:>\2UV at '} /)4 a.mfjfj!lh~f!(}9 --J, City Clerk of the City of Oxford, Mississippi, or a Deputy Clerk, do herebycertify that I have notified Alderman Jo organ of the foregoing meeting. ,on \ 'o\'bI \ \ J/ at rv . d a.m./'..I~ I

4631CALL TO ORDER:MINUTE BOOK No. 63, CITY OF OXFORDPursuant to the notice of Special Meeting, theMayor and Board of Aldennen of the City ofOxford did meet at 11 :30 a.m. on Thursday,November 1, 2012 in the court room of City Hallwhen and where the following were present:DEMENT-MERIDIAN 61-0226IGeorge G. Patterson- MayorNey Williams- Aldennan Ward IE.O. Oliver- Alderman Ward IIJanice Antonow- Alderman Ward IIIPreston Taylor- Aldennan Ward VJason Bailey - Aldennan Ward VIJohn Morgan - Aldennan at largeLisa Carwyle - City ClerkBart Robinson- Chief Operations OfficerTim Akers- Director of PlanningAGENDA:ORDINANCE AMENDMENT:It was moved by Alderman Williams, seconded byAlderman Bailey to adopt the agenda for themeeting. All the aldennen present voting aye,Mayor Patterson declared the motion carried.Katrina Hourin came before the Mayor and Boardof Aldennen to discuss the proposed ordinanceamendments which would allow liens on privateproperty, after the City has made improvements tothe property.IIt was moved by Aldennan Morgan, seconded byAldennan Antonow to authorize the City attorney,Pope Mallette, to draft a request for an AttorneyGeneral opinion regarding the possibility of Citypersonnel entering private property to accesspossible damage to the structure. All the aldennenpresent voting aye, Mayor Patterson declared themotion carried.I

t....1464MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-226IPOPE S. MALLETTEWrit~r'~ E ail:pmalkuc@mayomallntc. mHonorable Jim HoodOffice of the Attorney GeneralPost Office Box 220Jackson, Mississippi 39205-0220Re:MeA § 39-13-15 Historic Preservation Districts Demolition by neglectIDear Attorney General Hood:Pursuant to the Mississippi Local Government Historic Preservation Law of 1978 (Miss.Code Ann. (MCA) § 39-13-1, et. seq.), the City of Oxford, Mississippi ("City") has enacted aHistoric Preservation Ordinance (Code of Ordinances, Section 54). This ordinance established theOxford Historic Preservation Commission and the Courthouse Square Historic PreservationCommission, which advise the City on matters of designation and preservation and arc empoweredto oversee application and administration of the ordinance.The ordinance includes a Demolition by Neglect provision, at Section 54-30. However, thissection does not currently include authority for the City to make repairs necessary to correctdemolition by neglect on a designated structure, and allow the cost of such repairs to attach as a lienagainst the property. The City is considering an amendment to allow this procedure. The Cityunderstands that such a procedure, if approved by the Historic Preservation Division of theDcpartment of Archives and History, is available pursuant to MCA § 39-13-15 to protect a propertyin a historic district, a historic landmark or a landmark site from substantial deterioration threateningits continued stability and preservation.Based on these considerations, the City Board of Aldermen is considering proposedamendments to the Historic Preservation Ordinance that would allow its historic preservationcommissions to recommend repairs by the City necessary to correct demolition by neglect. A copyof the proposed amendment, in its current form, is attached for your information. To undertake sucha proccss the City believes that, in certain instances, it would need to have commission members,a commission architect orotherretained building professional, and/or city employees and contractorsto enter properties and structures, including private dwellings, to make determinations regarding: theextent of structural deterioration, repairs necessary to correct demolition by neglect, potential costsof such repairs, and whether the City should undertake such repairs. However, the City is unsure ifit has the power and authority to enter on or into private property for these reasons, and if it doesI

l..,..j4651MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61,;)226Ihave this authority (whether implied or explicit), the source from which that authority derives, andits parameters.MCA § 39-13-IS specifically alludes to the powers given municipalities under MCA § 21-19-11(1) for adjudicating properties as a menace to the public health, safety and welfare, and forentering and cleaning of the land in certain manners by city employees or contractors. It is also ofthe Attorney General's previous opinion to Larry E. Clark of June 10, 200S, stating that § 21-19-11implies the power to enter property in a reasonable and necessary method and manner. However,the Clark opinion addresses only entry into the curtelage and "fenced areas"surrounding a home, forexample. In the case referenced in the Clark opinion, Bray v. City of Meridian, 723 So.2d 1200(Miss. App. 1998), the court upheld the removal of an abandoned house and debris which had beenproperly condemned as a public nuisance by court order. That opinion, therefore, may not apply toentry (especially "break" and entry, per the Clark facts) into a private, non-condemned dwelling.IAlso, under State law the enumerated and limited powers and duties given to a historicpreservation commission provide that, "The commission, solely in the performance of its officialduties and only at reasonable times, may enter upon private land for the examination or surveythereof. No member, employee or agent of the commission shall enter any private dwelling orstructure without the express consent of the owner of record or occupant thereof." MCA 39-13-S(k)(emphasis added). This limitation potentially affects the entry of staff or retained professionals toenter a property for the purposes necessary, or coincident to a survey of damage or development ofa scope of work necessary to undertake repairs to a historic structure.Therefore, as the City considers amendment and enforcement of its Historic PreservationOrdinance, it has several questions, as follows:I) Assuming that the City has followed the proper notice, due process, and hearingprocedures outlined in MCA § 39-13-1, et. seq., and in its Code of Ordinances, does the City, eitherby the use of its own employees or its contractors or agents, have authority to enter priVate property,including into a private dwelling, without the express consent ofthe owner of record or occupant ofsuch property, to evaluate and make repairs necessary to correct demolition by neglect?2) Ifso, and assuming that the City carried out these actions acting solely in the performanceof its official duties, and only at reasonable times and in a reasonable manner, would the City beliable for damages for trespass or damage to the property?I3) If the City does not have such authority, may the authority for such an entry be requestedof and given to the City by a court of competent jurisdiction (similar to a warrant for entry issued forinvestigative and search purposes and based on probable cause or to an order for condemnation andremoval as a public nuisance)? If this is the route the City must take, does the Attorney General'soffice have any guidance on the nature of such a warrant or order it should seek, and by what Court?4) Are there any other laws, statutes, regulations or powers that allow or prohibit the Cityfrom entering a private dwelling in furtherance of enforcement of its (amended) historic preservationcode sections, pursuant to MCA § 39-13-IS?Thank your for assistance. Please let me know if we can provide additional information.

466rrMINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61·226ICordially,MA YO MALLETTE PLLCPope S. MallettePSMee:Honorable George Patterson, MayorHonorable Lisa Carwyle, City ClerkII

,MINUTE BOOK No. 63, CITY OF OXFORDOUT TRANSIT FACILITY:It was moved by Alderman Morgan, seconded byAlderman Bailey to authorize and accept the lowbid from D. Carroll Construction in the amount of$1,244,300.00. The vote was as follows:Voting Aye - Williams, Oliver, Taylor, Bailey andMorgan467DEMENT-MERIDIAN 61·0226IVoting No- AntonowMayor Patterson declared the motion carried.II

468I,MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-226IHoworth & AssociatesARCII11[CTSWedncsday, October 24, 2012Mayor Pat PattersonCity of Oxford107 COUlthouse SquareOxford, Mississippi 38655RE:New Operations & Maintenance FacilityOxford University Transit SystemDear Mayor Patterson:Enclosed please find a CertifIed Bid Tabulation for the New Operations and MaintenanceFacility for the Oxford University Transit System.ISince bids are within the estimated range of funds, I recommend awarding the Base Bidplus all fom Bid Alternates. In om opinion, the offer ofD. CmToll Construction, LLC isthe lowest and best bid for both the Base Bid amount and any or ail combinations of theadditive Alternate Bids to be considered. Therefore, the total anticipated Contract SUlnwith the Base Bid and all Alternates will be $1,244,300.The pl'Oposal submitted by D. Cm·toll complies on all accounts with thc requirements ofbidding documents with their inclnsion of the "Buy America Certification Form", "LobbyCertification Form", and "Certification of Contractor Regarding Debarment, Suspension,and Other Ineligible and Voluntary Exclusion" form. It fmther complies with theirinclusion of the "List afFirms Submitting Quotes" form for DBE requirements and two"Lettcrs of Intent" for DBE subcontractors to be considered for work on the project.We await your authorization to prepare a construction contract.Sincerely yours,IenclosurePost Offiw Dox 1569 • Oxfortl, MiSSissippi 36655662.234.7444 • Fox 662.234.0008 • www.howorlh"duom

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470REGULATIONS:STREET CLOSURES:BUS PARKING:CITY HALL RENOVATION:ROAD PROJECTS:This was the first reading of a proposed ordinancechange correcting downtown parking regulations.This was the first reading of a proposed ordinanceregarding the Mayor temporarily detouring trafficon public streets.The Board discussed an ordinance change proposalfrom staff which would allow buses to park onNorth 10 th Street from 3:00 p.m. until 8:00 a.m. fora $100.00 permit fee. There will be a publichearing at the next board meeting.DEMENT·MERIDIAN 61-226The Board discussed the need to eventuallyrenovate City Hall. Mayor Patterson stated theBoard should consider upcoming projects, includinga new activity center and possibly a parking garage.Bart Robinson presented the Board with a map offuture road projects that are all needed within theCity and some outside the City limits in the County.III

471MINUTE BOOK No. 63, CITY OF OXFORDDEMENT MERIDIAN 61 0226- -I,I,IA ailable Funds 11.01.12c~ of OxfordID scriptionC mmunity Health Foundatoin Funds $3,000,000.002 12 General Obligation Bond 5,400,000.00o ford Reserve and Trust Earnings 600,000.009,000,000.00T tal Obligated Funds $6,960,000.00T tal Unobligated Funds $2,040,000.00Iution #1 Bond Obligating Trust EarningsB nding Amount that could be covered by Trust Earnings $8,500,000.00T tal Available Money for Option #1 Bond $10,540,000.00iI,N rth Avent Road $500,000.00I5 uth Avent Road (Included Money for Property Acquisitoin) 2,000,000.00C unty Road 300 Extention 2,500,000.00C Y Hall Restoration/Renovation 5,000,000.00II ,A tivities/Senior Facility 6,000,000.00P rking Garage 7,000,000.00I,T tal Unfunded Project Previously Discussed $23,000,000.00 IiI,Iii

10...- - -PotentiQ,l j 0 ts __ ________ 10.29.2012Oxford! blic Works Department --- --- -- ----- -----. ----City of eJ"Cost pe~zword, Msoot BreakdownItem () scription Cost.. C b and Gutter ($12/ft X2) $24.00~ Er sian Control 5.00rsi e (Sft both sides) 35.00ding (Terrain Dependent) 55.00Li estone (8" Thick) 60.00A halt (5") I 95.00'V ter Main 45.008 5 ~jNer Main 50.00~ 5 rm Drain 75.00"" U derground Eletric 25.001 5 eet Lighting 15.002 0 sign, Staking, Material Testing 65.00...T 'tal $549,00~CO)pr~eRoads~. , Potential Roads Extmated Length Estimated Cost Estimated Length Estimated Cost Estimated Total Estmated TotalIt_ (See Attached Map) (Inside City Limits) (Inside City Limits) (Outside City Limits) (Outside City Limits) Length Cost~ N rth Avent Road 2,448.0 $1,419,840.00 800.0 $464,000.00 3248 $1,883,840.00~s uth Avent Road #1 2,500.0 1,375,000.00 0.0 0.00 2500 1,375,000.00U. 5 uth Avent Road #2 1,445.0 794,750.00 2,300.0 1,265,000.00 3745 2,059,750.00ill C unty Road 300 Extention (East) 1,888.0 1,038,400.00 2,746.0 1,510,300.00 4634 2,548,700.00L C unty Road 356 (300) Extention (West) 1,460.0 803,000.00 7,831.0 4,307,050.00 9291 5,110,050.00~ est Oxford Loop Extention 2,135.0 1,174,250.00 10,400.0 5,720,000.00 12535 6,894,250.00==~ T tals $6,605.240.00 $13,266,350.00 $19,871.590.00:EM~Notes:1. Utiliti s are all included in the all Estimated Cost.2. Coun Road Extention (East) could all be inside city limits with potential annexation.3. Estirr ~tes do not include property acquisition.

473Aldennan Williams to consider executive session.All the aldennen present voting aye, MayorPatterson declared the motion carried.DEMENT-MERIDIAN 61-0226ICOUNSEL:REGULAR SESSION:ADJOURN:It was moved by Aldennan Antonow, seconded byAldennan Bailey to go into executive session forland acquisition and potential litigation issues. Allthe aldermen present voting aye, Mayor Pattersondeclared the motion carried.It was moved by Aldennan Bailey, seconded byAlderman Antonow to authorize the retention ofJohn Dunbar as legal counsel. All the aldennenpresent voting aye, Mayor Patterson declared themotion carried.It was moved by Aldennan Bailey, seconded byAldennan Antonow to go into regular session. Allthe aldennen present voting aye, Mayor Pattersondeclared the motion carried.It was moved by Alderman Williams, seconded byAldennan Taylor to adjourn the meeting sine-die.All the aldennen present voting aye, MayorPatterson declared the motion carried.IGeorge G. Patterson, MayorI

474r;==c=~~~~~MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-226UNITED STATES OF AMERICASTATE OF MISSISSIPPICOUNTY OF LAFAYETTECITY OF OXFORDIREGULAR MEETINGNovember 6, 20126:00 p.m.CALL TO ORDER:The meeting of the Mayor and Board of Aldermenof the City of Oxford, Mississippi, was called toorder by Mayor Patterson at 6:00 p.m. on Tuesday,November 6, 2012, in the court room of City Hallwhen and where the following were present:George G. Patterson - MayorNey Williams- Alderman Ward IE.O. Oliver- Alderman Ward IIJanice Antonow- Alderman Ward IIIUlysses Howell- Alderman Ward IVPreston Taylor- Alderman Ward VJason Bailey- Alderman Ward VIJohn Morgan- Alderman at Large- absentMayo Mallette PLLC ~ Of CounselBart Robinson- Director of Public WorksLisa Carwyle~ City ClerkTim Akers - Dir of PlanningMike Martin- Chief Oxford Police DeptCary Sallis- Chief of Fire DeptEddie Anderson- Dir. of SanitationAl Hope- Dir of Human ResourcesRandy Barber- Director of BuildingBilly Lamb- Sup!. of Bldg & GroundsRob Neely- Sup!. of Electric DepartmentIAGENDA:It was moved by Alderman Howell, seconded byAlderman Bailey to adopt the agenda for themeeting. AU the aldermen present voting aye,Mayor Patterson declared the motion carried.MAYOR'S REPORT:We had a productive, if long work session last Thursday. I want to Thank this Board whocontinues to work hard for the community. We face some difficult choices, but in theoverall scheme of things ,once again they are good problems to have.We are in transition at the Oxford Lafayette Public Library with Dotsy Fitt's retirementafter 40 plus years of service. The new director will be Laura Beth Walker who is anative Oxfordian and was the Reference Librianian. We wish Laura Beth the best. Shehas large shoes to fill.The Parking Commission and Standard parking continue to fell there way along with ournew enforcement procedures. Instructional tickets will be given until the 26 th at whcipoint we will go live so to speak. A reminder there is plenty of tree parking in the lots.Just a reminder that aU offices ~ City ~ State and Federal will be closed next Monday forVeterans Day.I

.,2 475MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0226~IIt was my unpleasant duty to represent the City this morning at the funeral service ofSarah Katherine and John Wheat. The Brother and Sister who lost their lives in a trafficaccident on the 6 bypass last Saturday. We certainly hope their Families find Peacequickly.Lastly, no Mayor's Report could be complete without condolences to the HoworthFamily on the death of their patriarch Dr Beckett Howorth, long time Oxford surgeon.Dr. Howorth brought modern surgery to Oxford and through his skills as a surgeon andhis service and generosity to this community I do not know of a Family he did not touch.IMINUTES:ACCOUNTS:CHRISTMAS PARADE:PUBLIC HEARING:ORDINANCE 2012-13:It was moved by Alderman Antonow, seconded byAlderman Williams to adopt the minutes ofthespecial meeting on October 16,2012. All thealdermen present voting aye, Mayor Pattersondeclared the motion carried.It was moved by Alderman Howell, seconded byAlderman Taylor to approve the payment of allaccounts for the City. All the aldermen presentvoting aye, Mayor Patterson declared the motioncarried.It was moved by Alderman Morgan, seconded byAlderman Bailey to authorize $1,250.00 to theLions Club for the Christmas Parade. All thealdermen present voting aye, Mayor Pattersondeclared the motion carried.This was the second reading and public hearing of aproposed ordinance change amending Section 54-26Criteria for the Issuance of a Certificate ofAppropriateness. There was no comment from thepublic. The third reading and vote will be at thenext board meeting.It was moved by Alderman Morgan, seconded byAlderman Bailey to adopt Ordinance 2012-13, "ANORDINANCE AMENDING ARTICLE XVIIISTOPPING, STANDING, PARKINGRESTRICTED OR PROHIBITED ON CERTAINSTREETS, CODE OF ORDINANCES OF THECITY OF OXFORD, MISSISSIPPI." Saidordinance is recorded in Book 8 of the City ofOxford Code or Ordinances. All the aldermenpresent voting aye, Mayor Patterson declared themotion carried.IORDINANCE 2012-14:It was moved by Alderman Williams, seconded byAlderman Bailey to adopt Ordinance 2012-14, "ANORDINANCE AMENDING SECTION 102ARTICLE XVII STOPPING, STANDING,PARKING RESTRICTED OR PROHIBITED ONCERTAIN STREETS CODE OF RODINANCESOF THE CITY OF OXFORD, MISSISSIPPI." Saidordinance is recorded in Book 8 of the City ofOxford Code of Ordinances. All the aldermenpresent voting aye, Mayor Patterson declared themotion carried.

4763MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-226~PUBLIC HEARING:PUBLIC HEARING:TELECOMMUNICATIONSPERMIT:PROPERTY PURCHASE:AVENT PARKDETENTION:This was the second reading and public hearing of aproposed ordinance regulating entertainment busparking. Andrew Stephenson, representing theTourism Council, came before the Mayor and Boardof Aldermen requesting they have the opportunityto state their opinion on the proposed ordinance.The council has some concerns about its affect onTourism in Oxford.Bradley Bishop came before the Mayor and Boardof Aldermen to say there were certain reasons whyparking the buses on 10'h street woul d causeproblems for the groups who are frying to load andunload at his venue.Willie, who works for Scott Caradine, also wasconcerned with how the proposed ordinance whocause a burden on bands who were setting up atother locations on the square.Mayor Patterson stated the proposed ordinancewould be reviewed by the Parking Commission onDecember 7, 2012 and then on the Board ofAldermen agenda for December 18,2012.This was the second reading and public hearing ofan ordinance permitting the Mayor to temporarilydetour traffic on public streets. There was nocomment made from the pUblic. AldermanAntonow requested the Mayor report to the board atthe subsequent board meeting what streets had beenclosed.It was moved by Alderman Morgan, seconded byAlderman Bailey to approve theTelecommunications Permit contract withWindstream KDL. All the aldermen present votingaye, Mayor Patterson declared the motion carried.It was moved by Alderman Morgan, seconded byAlderman Antonow to accept the appraisal fromAnnette Lee and authorize purchase of property forFire Station Number one on McElroy Drive in theamount of $275,000.00. All the aldermen presentvoting aye, Mayor Patterson declared the motioncarried.It was moved by Alderman Williams, seconded byAlderman Howell to authorize the bid to BennettConstruction in the amount of$129,325.00 for theAvent Park Detention. All the aldermen presentvoting aye, Mayor Patterson declared the motioncarried .III... 1

:-,t-- ~zt-- ,...,.ca:0LL>I--0c",wzw, "wc,:,;;:,;;,,"BID TABULATION11106112 'FORAVENT PARK STORMWATER MANAGEMENTCITY OF OXFORD. MISSISSIPPI~C")(0•0Z~00InWI-:::lZ-== L-':"::;'-';':":":'::":';,;';,;~;~'PTOTAL BID: $129,325.00 ' $130,549.00$130,75.01.00 $138,320.00PREPARED BY:PRECISION ENGINEERING CORP.11106112PAGE 1---

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480 4MINUTE BOOK No. 63, CITY OF OXFORDDEMENT·MERIDIAN 61·226SEWER VACUUMTRUCK CHASIS:SEWER VACUUMPUMP:CENTRAL SERVICEASSOCIATIONWINTER CONFERENCE:TV A SUBSTATION TRAINING:H _ ill"od by Alde,~ How"l, ,","OdOdb" -~- --1Aldennan Antonow to award the bid to Tag TruckCenter in the amount of$83,837.00 for the Sewervacuum truck chasis. All the aldermen presentvoting aye, Mayor Patterson declared the motioncarried.It was moved by Alderman Howell, seconded byAlderman Morgan to rebid the sewer vacuum pumpbecause no bids were received. All the aldermenpresent voting aye, Mayor Patterson declared themotion carried.It was moved by Aldennan Williams, seconded byAldennan Taylor to authorize two employees toattend Central Service Association WinterConference in Nashville, TN on December 6-7,2012 with a cost of $1 ,406.00. All the aldennenpresent voting aye, Mayor Patterson declared themotion carried.It was moved by Alderman Antonow, seconded byAlderman Bailey to authorize two linemen to attendTVA Substation training in Tupelo, MS onNovember 15-16,2012 with no cost to the City. Allthe aldermen present voting aye, Mayor Pattersondeclared the motion carried.IIMS CLASS I RUBBISH SITEOPERATOR CERTIFICATION:It was moved by Alderman Williams, seconded byAlderman Howell to send two employees to the MSClass I Rubbish Site-Operator CertificationTraining on November 28-29, 2012 in Jackson, MSat a cost of$310.00. All the aldennen presentvoting aye, Mayor Patterson declared the motioncarried.RESERVE OFFICER:NRA PRECISIONRIFLE INSTRUCTOR COURSE:It was moved by Aldennan Howell, seconded byAlderman Williams to approve Larry Gillespie as areserve officer with OPD. All the aldennen presentvoting aye, Mayor Patterson declared the motioncarried.It was moved by Alderman Morgan, seconded byAldennan Bailey to approve for the firearmsinstructor to attend NRA Precision Rifle InstructorCourse at the academy on November 12-16, 2012with a cost of $825.00. All the aldermen presentvoting aye, Mayor Patterson declared the motioncarried.I

II....J5 481lMINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0226IPOLICE TRAINING OFFICERCOURSE:POLICE CARS:It was moved by Aldennan Antonow, seconded byAldennan Oliver to approve three officers to attendPolice Training Officer Course in Louisville, KY onJanuary 21-25, 2013 at a cost of$693.00. All thealdermen present voting aye, Mayor Pattersondeclared the motion carried.It was moved by Aldennan Howell, seconded byAlderman Williams to approve the purchase of four2013 Dodge Chargers at a price of$106,432.00.All the aldennen present voting aye, MayorPatterson declared the motion carried.RECORD RETENTIONSEMINAR:It was moved by Aldennan Williams, seconded byAldennan Taylor to authorize deputy clerk to attendthe Records Retention seminar in Boonville, MS onNovember 27, 2012 with a cost of$75.00. All thealdennen present voting aye, Mayor Pattersondeclared the motion carried.IRESIGNATION:It was moved by Aldennan Bailey, seconded byAlderman Howell to accept the resignation ofRobert Welch in the Building & Groundsdepartment. All the aldennen present voting aye,Mayor Patterson declared the motion carried.EMPLOYMENT:It was moved by Aldennan Howell, seconded byAldennan Antonow to authorize the employment ofMelissa Talliant with a salary of $22,852.29 as alaborer in the Building & Grounds Department, andBrandon House as a part-time seasonal Building &Grounds worker at $8.25 per hour. All thealdennen present voting aye, Mayor Pattersondeclared the motion carried.IRESIGNATION:ADVERTISEMENT:EXECUTIVE SESSION:It was moved by Aldennan Morgan, seconded byAldennan Williams to accept the resignation ofAnthony Blake in the Electric Department. All thealdennen present voting aye, Mayor Pattersondeclared the motion carried.It was moved by Aldennan Morgan, seconded byAldennan Howell to authorize the internaladvertisement for assistant inventory control clerkin the Electric Department. All the aldennenpresent voting aye, Mayor Patterson declared themotion carried.It was moved by Aldennan Antonow, seconded byAldennan Williams to consider executive sessionfor one personnel issue, one purchase of propertyand one litigation issue. All the aldermen present

482 6MINUTE BOOK No. 63, CITY OF OXFORDDEMENT·MERIDIAN 61-226voting aye, Mayor Patterson declared the motioncarried.REGULAR SESSION:SETTLEMENTAGREEMENT:SUSPENSION:RECESS:It was moved by Alderman Antonow, seconded byAlderman Howell to go into executive session. Allthe aldermen present voting aye, Mayor Pattersondeclared the motion carried.It was moved by Alderman Bailey, seconded byAlderman Howell to come out of executive sessionand return to regular session. All the aldermenpresent voting aye. Mayor Patterson declared themotion carried.It was moved by Alderman Bailey, seconded byAlderman Antonow to authorize the Mayor to signthe settlement agreement. All the aldermen presentvoting aye, Mayor Patterson declared the motioncarried.It was moved by Alderman Oliver, seconded byAlderman Bailey to follow the recommendation ofthe Human Resource Director and the Director ofSanitation and suspend Frankie Carothers for oneday without pay. All the aldermen present votingaye, Mayor Patterson declared the motion carried.It was moved by Alderman Antonow, seconded byAlderman Morgan to recess the meeting untilTuesday, November 20, 2012 at 5:00 p.m. All thealdermen present voting aye, Mayor Pattersondeclared the motion carried.IIGeorge G. Patterson, Mayor, I jLisa Carwyle, City ClerkI

MINUTE BOOK No. 63, CITY OF OXFORDCEMENT-MERIDIAN 61-022t1UNITED STATES OF AMERICASTATE OF MISSISSIPPIICOUNTY OF LAFAYETTECITY OF OXFORDREGULAR MEETINGNovember 20,20126:00 p.m.CALL TO ORDER:The meeting of the Mayor and Board of Aldermenof the City of Oxford, Mississippi, was called toorder by Mayor Patterson at 6:00 p.m. on Tuesday,November 20,2012, in the court room of City Hallwhen and where the following were present:George G. Patterson - MayorNey Williams- Alderman Ward IE.O. Oliver- Alderman Ward IIJanice Antonow- Alderman Ward IIIUlysses Howell- Alderman Ward IVPreston Taylor- Alderman Ward VJason Bailey- Alderman Ward VIJohn Morgan- Alderman at LargeIMayo Mallette PLLC - Of CounselBart Robinson- Director of Public WorksLisa Carwyle- City ClerkTim Akers - Dir of PlanningMike Martin- Chief Oxford Police DeptCary Sallis- Chief of Fire DeptEddie Anderson- Dir. of SanitationAI Hope- Dir of Human ResourcesRandy Barber- Director of BuildingBilly Lamb- Supt. of Bldg & GroundsRob Neely- Sup!. of Electric DepartmentRob Boyd- Dir of Oxford Park CommissionAGENDA:It was moved by Alderman Howell, seconded byAlderman Williams to adopt the agenda for themeeting. All the aldermen present voting aye,Mayor Patterson declared the motion carried.MAYOR'S REPORT:IWe continue to work with the outdoor advertising folks to resolve issues hopefullywithout going to court. That said this Board is prepared to do what is necessary toenforce its ordinances and be fair to everyone.It is burglary season. Chief Martin has asked me to remind everyone to be extravigilant and cautious this time of the year. If anyone sees anything unusual orsuspicious they are encouraged to call OPD. I can't tell you the number of crimesthat have been solved or deterred by alert citizens. Please don't hesitate to call us ifyou observe something unusual and don't worry or be embarrassed if you happento be wrong.

MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIOIAN 61·226. - '-12Kudos out to Billy Lamb and his group and to Rob Neely and Oxford Electric forgetting the town ready for the Holidays. It is a lot of work to put those decorationsup. You do a good job and it is appreciated by everyone.I'ITim Akers informed me that the OUT System carried nearly 95, 000 passengers inOctober. To me that is just an incredible number. Congratulations to Tim and RonBiggs and his staff at OUT and to Richard Howorth's vision for this thing.IThe first Tuesday inJanuary is on New Year's day. Lisa and I both think it wouldbe best to move the meeting to Wednesday the 2 nd instead of the 31 st. So if no oneobjects the 2nd it is.Lastly and especially at this time of the year we pause to reflect on and be gratefulfor so many blessings. This is a speCIal community, I truly believe that, andregardless of your Faith it is difficult for me to imagine ever wanting to live in anyother CommunityMINUTES:ACCOUNTS:VOLUNTEER OXFORDGRANT:It was moved by Alderman Antonow, seconded byAlderman Taylor to adopt the minutes of the specIalmeeting on November I, 2012 and the regularmeeting on November 6,2012. All the aldermenpresent voting aye, Mayor Patterson declared themotion carried.It was moved by Alderman Howell, seconded byAlderman Bailey to approve the payment of allaccounts for the City. All the aldermen presentvoting aye, Mayor Patterson declared the motioncarried.Kelly Shannon came before the Mayor and Board ofAldermen to request an increase of $10,000.00 inthe Volunteer Oxford budget. There is anadditional $10,000.00 in grant money available sothe only cost to the City will be in kind services.It was moved by Alderman Morgan, seconded byAlderman Bailey to authorize the increase InVolunteer Oxford's budget. All the aldermenvoting aye, Mayor Patterson declared the motioncarried.IAPPEAL OF SITE PLAN:Tim Akers came before the Mayor and Board ofAldermen to discuss the appeal of Assets PlusRealty's appeal from Planning Commission,requesting site plan approval, 37 acre site, for 260units, 650 beds, site plan review committee metmany times on project, March 28, April 4,September 19, September 26,2012 and thePlarming Commission considered application onOct 8, 2012 and recommended denial based oncomments from the staff. There is a reference to theletter from the Public Works Director. A briefhistory of property: The subject property was aportion of a larger tract of land, located in theI

3 485MINUTE BOOK No. 63, CITY OF OXFORDDEMENT·MERIDIAN 61-0226Icounty, that included the current Exchange,formerly the Connection Apartment Complex. As acondition to approval of the Exchange site plan thesubject property was placed in a conservationeasement, restricting development ofthe site, at thattime the property was in the County, limited to 4units per acre. The current zoning of property wasestablished when the property was annexed in 2007.Subsequent to annexation the subject has beenremoved from the conservation easement, allowingfurther development of the site.Bart Robinson came before the Mayor and Board ofAldermen and stated in our code we require not tobuild a ci ty street that is meant to dead end in over800 feet in length. Oxford Way, if you look atprevious minutes of Planning Commission when theExchange was approved, discusses an extension ofOxford Way to County Road 300. Another sectionof the code requires you have to have two means ofingress/egress if you have over two hundred units,they have 230 units, so they would be required tohave two means of ingress/egress. Assets PlusRealty is proposing an emergency only access toCounty Road 300, this does not fill the requirementfor two means of ingress/egress.IAmanda Tollison, representing Assets PI us, camebefore the Mayor and Board of Aldermen to requestan appeal of a site plan denial for property locatedat 2000 Oxford Way. She stated it was a twohundred and thirty plus apartment complex. ThePlanning Commission has denied the site planapproval. They are required to have another pointof public access. Asset Plus would like to have anaccess to County Road 300 for emergency vehiclesonly.Counsel, Pope Mallette, stated their proposed road,Oxford Way, would be a private street except in anemergency situation, and then emergency vehiclescould access County Road 300 through OxfordWay.Ms. Tollison stated they had filed a brief with theCounty to request access to County Road 300. TheCounty engineer and road manager are looking at it.IPope Mallette stated the road proposed would be aprivate drive, the City wouldn't assume the roadbecause it does terminate. This is a private road,not a public road. The City is not allowed to close apublic road to the public. The intent of the PlanningCommission is to have two points of ingress/egressto a public road. If Oxford Way was blocked, thiswould not be satisfied.Bart Robinson stated the connection for theExchange showed the extension of Oxford Way toCounty Road 300, he believes it was the intent for

486 4MINUTE BOOK No. 63, CITY OF OXFORD~~~~~~ ~~~~~D'~M'~NT-MERIDIAN61.226Oxford Way to be extended to County Road 300when further development occurred south of theExchange.Dr. Ray, who is on the Lafayette County PlanningCommission, stated the County had turned therequest over to the Planning Commission and theengineer and road manager were to evaluate thecondition of County Road 300, they are not sure ifthe county road could handle the traffic load if itwere opened up to the development.IIt was moved by Alderman Antonow, seconded byAlderman Oliver to affirm the PlanningCommission decision and deny the site plan for theproperty. All the aldermen voting aye, MayorPatterson declared the motion carried.The following Planning Commission notes, packetfrom Amanda Tollison and pictures are all part ofthe recordII

487MINUTE BOOK No. 63, CITY OF OXFORDDEMENT·MERIDIAN 61-0226IBUTLER S \vNovember 16.2012VIA I IA.ND.m"J)VER)~Lisa D. Car-wyle, City ClerkCity of Oxford107 Courthouse SquareOxl(,rd. MS 38655RF:Case 1668 - The Domain Site PlanDear Ms. Carwyk:II have enclosed with this letter eleven copies of Asset Plus Realty Company Investment.Inc.'s Brief in Support of its Appeal of the City of Oxford's Planning Commission'sRecommendation to Deny its Site Plan, Case 1668 - The Domain, lor consideration at theNovember 20, 2012 meeting of the City of Oxford Board of Aldermen. Ten copies arc providedlor the packets lor the Mayor and the Board oCAlden11cn. Plea,c file stamp the remaining copyl(lf my tiles and retnm with our legal assistant.Please let me know if you have any questions or need anything filrther Irom us prior toTuesday's meeting.Sincerely.AJT:meEnclnsuresBj\It!Cr, Snow, O'Ma7r~ Stevens & Cannada, PLLC// c' lj /".-.-\- •! I, " ! / l/J "C,-.?Vw~j;A< '7!eJiXlO~Amanda J. [olrison --:\ ,-B\lllcrSll(J\\ [,15()2963vlIr', (,. B(>.,- J Uti(hf,,,,j, YS j8(,');;, I 1.1,\R,\, S'JI'VJ'_:';~ &. C,\1';"{,\f):\, PLLC

~I488r==="III'MINUTE BOOK No. 63, CITY OF OXFORDDEMENT·MERIDIAN 61·226IBRIEF IN SUPPORT OF APPEAL OF THE CITY OF OXFORDPLANNING COMMISSION'S RECOMMENDATION TO DENY SITE PLANCASE 1668Pursuant to Sec. 227 of the City of Oxford Code of Ordinances, Planning CommissionAppeal Procedure, through the undersigned, ASSET PLUS REALTY COMPANYINVESTMENT, INC. ("APRC") submits this brief in support of its appeal to the Mayor andBoard of Aldermen of the City of Oxford (hereinafter "Board of Aldermen") from therecommendation of the Planning Commission rendered at its meeting on October 8, 2012 in Case1668.The City of Oxford Planning Commission ("Planning Commission") considered the siteplan submitted by APRC for a 230-unit apartment complex on Old Taylor Road ("The Domain")at its meeting on October 8, 2012. See The Domain site plan, attached as Exhibit A. ThePlanning Commission denied The Domain site plan based upon "Life Safety" issues as reflectedin its minutes approved at its November 15, 2012 meeting. See City of Oxford PlanningCommission minutes, October 8, 2012, attached as Exhibit B. APRC appeals the decision of thePlanning Commission and requests that the Mayor and the Board of Aldermen reverse thedecision of the Planning Commission and approve The Domain site plan on the followinggrounds:I. The Entrance to The Domain is Not a Dead-End StreetThe Director of Public Works for the City of Oxford recommended that the City ofOxford Planning Commission deny The Domain development in a letter to Paul Koshenina,project engineer, dated September 27, 2012. See September 27, 2012 letter from Bart Robinsonto P. Koshenina, attached as Exhibit C ("Robinson letter"). Robinson argues that the primaryentrance to The Domain will be located at the cul-de-sac on the southern termini o~Oxford Way,which is in excess oj) 800 feet from Old Taylor Road. Robinson Letter at p. 1.The entrance to The Domain will be located off of, Oxford Way, which is public streetaccessible from Old Taylor Road. Although Art. 4, Section 162.04(14) of the LandDevelopment Code of the City of Oxford provides that "[ d]ead end streets designed to be sopermanently shall not be longer than 800 feet in length," Oxford Way is not a "dead-end" street.Art. 1, Section 117.165 defines "dead-end street" as "[a] short street of a maximum of 800 feet inlength having one end open to traffic and the other permanently terminated by a vehicular turn-II1

4891MINUTE BOOK No. 63, CITY OF OXFORDDEMENT·MERIDIAN 61-0226IIIaround." The primary entrance to The Domain is at Oxford Way, and the other public roadaccess to the development is at County Road 300 ("CR 300") to the south; Oxford Way is notpermanently terminated. In fact, the access point at CR 300 will have an alternate restrictedaccess. Thus, there is an alternate way in and out of The Domain, and there is no permanentdead-end street.Furthermore, Art. I, Section 110.01(2) sets forth at least one of the objectives of the cityordinance is "to secure safety from fire, panic and other dangers." Moreover, Section162.04(l)(c) requires that street patterns provide "adequate access for fire, police and otheremergency vehicles." Presumably, the purpose behind the ordinance prohibiting a permanentdead-end street longer than 800 feet, consistent with Sections 110.01(2) and 162.04(1)(c), is topromote safe ingress and egress in times of fire or other dangerous situations for the emergencypersonnel to access the property easily and to exit the property when the emergency subsides.That is understandable. A gated emergency access point available to fire, police and otheremergency vehicles accessible from CR 300 fulfills the requirements and purposes of Sections110.01(2),117.165 and 162.04(1) & (14) of the City Code of Ordinances.II. Extension o~ Oxford Way as Previously Proposed isNow Unnecessary and Would Be Inconsistent with City OrdinancesIn his September 27, 2012 letter, the Director of Public Works refers to "Exhibit D" froma previously submitted site plan, indicating a roadway across the subject property, formerlyunder a conservation easement, that is now owned by APRC. See Robinson letter at p. I. Beforethe swap of property south of CR 300 and APRC's acquisition of the property adjacent to TheConnection, there was a need for a roadway to extend from The Connection property across thesubject property to provide connectivity between the APRC-owned properties; APRC now ownsthe property adjoining The Connection, so there is no longer a need to extend a public streetthrough the site at that location. Furthermore, implementing a public street at that particularlocation now may implicate additional safety concerns that other city ordinances were designedto prevent.Section 162.01 requires the subdivision ofi land to adhere to certain objectives, includingto "[p]rovide a safe and convenient circulation system minimizing pedestrian and vehicleconflicts, and traffic congestion." Not only is the extension of Oxford Way as previouslyproposed UlU1ecessary now that APRC owns the adjoining property, it may cause pedestrian and2

... 1490MINUTE BOOK No. 63, CITY OF OXFORDDEMENT·MERIDIAN 61·226r~~~~~~~~Ivehicle conflicts because the cul-de-sac at the end of Oxford Way currently is a busy bus stop forthe Oxford University Transit ("O.U.T.") System. Plus, the placement of an extension of OxfordWay as "Exhibit D" contemplates may encourage "through traffic," which is inconsistent withSection 162.04(l)(c) that requires streets to "discourage[] through traffic ...." Thus, extendingthe roadway across the property as outdated Exhibit D suggests, now that APRC oWllS theproperty adjacent to The Connection, may be in conflict with the City'S general design objectivesas set forth in Section 162.0 I.III.The Domain Provides Two Points of Public Road AccessThe Director of Public Works indicated in his September 27th letter that the proposed siteplan had "only one public ingress/egress," citing Section 162.04(3)(a). See Robinson letter at p.1. Section I 62.04(3)(a), however, requires residential developments with more than 200 lots ofdwelling units to have at least two separate points of public road access." SectionI162.04(3)(a)(emphasis added). As the attached site plan demonstrates, the property is accessibleby two public roads - Oxford Way and also by CR 300. The access to the property from CR 300is restricted to emergency vehicles only and will be regulated either by a gate with key access orby some other means.Furthermore, access to the property from CR 300 is a matter for which we will seekpermission from Lafayette County since it lies outside the City limits.IV.There is No Need for Sidewalks on County Road 300 at This TimeThe Director of Public Works pointed out that the site plan did not propose a sidewalk alongCR 300. See Robinson letter at p. 2. Although Section 125(7) may require sidewalks in allzoning districts, CR 300 lies outside the city limits and remains under the exclusiverjurisdictionof Lafayette County. Furthermore, considering the current condition of CR 300, if sidewalkswere placed along CR 300 that is adjacent to The Domain, if and when the County makesimprovements to CR 300 then the sidewalks would be destroyed and the investment wasted. Inthe event that Lafayette County determines to improve CR 300 in the future, APRC will workwith the County on any required sidewalks, including putting funds in escrow to construct aIsidewalk at a later date, should such sidewalk along an improved roadway be necessary.V. General Objectives of City Ordinances are Met by this DevelopmentSection 110(14) states that the general objectives of the city ordinances must "provideappropriate flexibility to stimulate private initiative and innovative design, while protecting the3,

491MINUTE BOOK No. 63, CITY OF OXFORDDEMENT·MERIDIAN 61-0226Ipublic interest." Approving The Domain's site plan will achieve the city's objective as set forthin Section 110(14). Furthermore, The Domain follows the City's guiding principles as set forthin Section IDS and meets the City's objectives as set forth in Sections 162.Dl and 162.04(1) asexplained above. This development complies with all of the applicable city ordinances as well asthe purposes behind the ordinances while preserving the public interest.Respectfully submitted,IButler, Snow, 0'1200 JeffersonP.O. Box 1138Oxford MS 38655T: 662-513-80071 F: 662-513-8001Attorneys for AP RC Investment, Inc.ButierSnow 14561379vlI4

"492~~~MINUTE BOOK No. 63, CITY OF OXFORDDEMENT·MERIDIAN 61-226IEXHIBITI""","",IIII I: I( Ii I: II I: I! II

493lMINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0226IPLANNING COMMISSIONEXHIBITBBe it remembered that the Oxford Planning Commission did meet in regular session onMonday, October 8, 2012 at 5:00 p.m., in the City Hall Courtroom with the followingmembers present:Michael Hannon, ChairmanDr. Watt BishopJohn BradleyDarryail WhittingtonMark HuelseDr. Gloria KellumHayden AlexanderITim Akers, City PlannerRandy Barber, Building OfficialPaul Watkins, City AttorneyBM Robinson, City EngineerReanna Mayoral, Assistant City EngineerKatrina !-Iourin, Assistant City PlannerMegan Prescott, Meeting Secretary1. Call to Order. The meeting was called to order by Commissioner Harmon.2. Approval of the Agenda. Commissioner Harmon asked if there were any changes to theagenda. It was noted that Case #1660 was postponed a motion was made by CommissionerKellum and seconded by Commissioner Bradley to approve the agenda.All present voting aye,The motion was approved and the agenda was accepted.3. Approval of the September 10, 2012 Minutes. Commissioner Harmon asked if therewere any necessary changes to the minutes.IThere being no flilther questions or comments from the public or the Commission, a motionwas made by Commissioner Bradley and seconded by Commissioner Kellum to approve theminutes from the September 10,2012 meeting.All present voting aye,The minutes were approved.4. Planning and Building Officials' Reports.Planner's Report: Tim Akers reported on the EDI grant for the Burns Belfry Church statingthat the second phase should be completed this month and there are plans to advertise forphase three in early November. He also updated the Commission on the EDI grant for the

494,rMINUTE BOOK No. 63, CITY OF OXFORDDEMENT· MERIDIAN 61-226IIPowerhouse storage room expansion cxplaining that thc work would come to a close at theend of the month. Mr. Akers then outlincd updates regarding the downtown parkingdevelopmcnts. Standard Parking has been conducting interviews and will house their officein the basement of City Hall, which will be occupied by mid-October. Signs have beenordered and the Parking Commission is investigating way finding signs. The City recentlysigned a contract to purchase space for parking behind Vieux Carre which shouldaccommodate approximately 100 additional parking spots. Mr. Akers also reported that theBuilding and Planning Departments had hired Jacqueline Norris as the new ExecutiveAssistant for their office with a stmi date ofNovcmber 5 thThe Building Report li·om Randy Barber was included in the packets.A motion was made by Commissioner Whittington and seconded by Commissioner Kell umto accept the Planning and Building Officials· Reports.All voting aye.The motion was carried.IREGULAR AGENDA5. Public hearing for Case #1660 - Request for to rezone 59.29 acres from (A)Agricultural to (RC) Multi-Unit Residential for property located on Anderson Road(Planning Commission) was postponed.6. Public hearing for Case #1664 - Request for a special exception to permit a celltower located on Veterans Boulevard adjacent to the VFW Park in a (POL) PublicOpen Land zoned district (Board of Adjustment)Planner's Comments: Based on the City's recently adopted cell tower ordinance,telecommunication equipment over 200 fect is permitted in all zoning districts by a specialexception. The applicant is leasing an area 80 x 80 area of land to construct a ISO-foot celltower. The proposed tower will be located approximately 300 feet from the nearestresidential structure.Based on the cell tower ordinance, the following factors shall be considered in determiningwhether to issue a special exception for wireless communication facilities:A. Hcight of the proposed antenna.B. Proximity of the tower or antenna to residential structures and residential zoningdistrict boundaries;IC. Technical or engineering requirements limiting placement of the tower or antennain other areas in order to provide coverage;D. Nature of uses on adjacent and nearby properties;E. Surrounding topography, trec coverage and foliage;2

495MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0226IF. Design of the tower or antenna, with particular reference to design characteristicsthat have the effect of reducing or eliminating visual obtrusiveness; andG. Availability of suitable existing towers and other structures.The Site Plan Review Committee reviewed and approved the site plan on September 12,2012.IRecommendation: Staff has reviewed the petitioner's application and found it in compliancewith the city's cell tower regulations. The applicant has provided documentation that noexisting tower or structure can accommodate the applicant's needs and provided technicalrequirements that limit placement of the tower in other areas in order to provide coverage.Further, the applicant has provided a letter committing the owner to allow shared use of thetower. Staff further finds that granting the request will not adversely affect the public interest.However staff does recommend that approval of the special exception for a 150 foot tall celltower be conditioned that if a building permit for the tower is not issued within 12 monthsfrom the date of approval, the special exception shall be voided and that proof of insurancebe submitted to the Planning Office prior to the issuance of any permits.Andy Rotenstreich, appeared on behalf of the applicants; Airspaces, LLC and AT&T.Airspaces. LLC wi II own and build the tower and AT&T will be the first anchor tenant on thetower. It is expected that other carriers will follow such as Verizon, if and when theydetermine the need. Airspaces, LLC is proposing to build the cell tower on a 5 acre piece ofproperty owned by the VFW located on the corner of S. Lamar and Veterans Drive next tothe Veterans Memorial Park. The applicant is proposing to build the 150 foot-single monopoletower in a wooded area behind the park to hide the equipment as much as possible. Thetower will be lower than the allowable 200 feet. AT&T needs the tower for coverage andcapacity issues. Mr. Rotenstreich indicated that he had contacted the president of the HOA,Mr. Jason Salinger, agreeing to meet with any residents regarding the proposed location ofthe tower. Rather than meet an email was circulated and Mr. David A lien, requested that theantennae's be pulled close to the pole. In response AT&T agreed to a 3-foot antennaeextension rather than the usual 5-foot extension.Meeting all the requirements for the special exception of locating a cell tower in Oxford; Mr.Rotenstreich ended respectfully requesting approval of the special exception.IChairman Harmon, asked for questions from the commission members. Discussioncontinued regarding the material and color of the pole, its diameter at the top and the base,other pole is the city and the existing trees.Chairman Harmon asked for additional questions from the commission and the pUblic.Hearing none, Commissioner Bradley made a motion that the special exception be approvedwith the condition that if a building permit is not issued within 12 months the specialexception would be void.Commissioner Kellum seconded the motion.All present voting aye.3

496MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61·226--II.IIIThe special exception to permit a cell tower was approved.6. Public hearing for Case #1665 - Request for site plan approval for 'Town PlaceSuites' Hotel located at 105 Ed Perry Boulevard in the Oxford Commons (PUD)Planned Unit Development (Planning Commission)Planner's Comments: The subject property is located across Ed Perry Boulevard to the eastof the Oxford Conference Center on approximately 1.84 acres of land. With initial approvalfor the Oxford Commons PUD in 2005, preliminary plat approval from the Oxford PlanningCommission was granted in January of2007. In addition, the subject property is locatedwithin the 65,foot (65') height overlay approved in 2007.The applicant is proposing a five-story, ninety-live room hotel called 'Towne Place Suites'.Two points of ingress and egress are proposed at Ed Perry Boulevard with primary access atthe north end of the site. The entry point currently exists and serves as the second access tothe adjacent Hampton Inn hotel. Pedestrian access between hotels will also be provided. Thetraffic impact study indicated no change in level of service and therefore no roadimprovements arc necessary.The applicant is also seeking a special exception for additional olf-site parking to meet thecity's requirements.Thc applicant met with the Site Plan Review Committee on September 19 and September 26,20 I 2 and has made all necessary revisions for compliance.IRecommendation: Approve Site Plan for 'Towne Place Suites' a 95-room hotel with thefollowing condition:I. Approval of Case #1 666-Special Exception for off-site parking.Tim Akcrs requested to approve the special exception for case # 1666 first and then have theCommission go back and approve the site plan for case #1665.7. Public hearing for Case #1666- Request for special exception to permit off-siteparking for property located at 105 Ed Perry Boulevard in the Oxford Commons(PUD) Planned Unit Development (Board of Adjustment)Planner's Comments: The subject property is an irregularly shaped relatively flat lot andmeasures about 1.84 acres located in the Oxford Commons PUD which was approved in2005. In addition, the property is included in the sixty-five foot (65') height overlaycorridor. The Oxford Conferencc Center is to the east of the property and to the south is therecently completed Hampton Inn hotel.IThe applicant is proposing a five-story, ninety-live room hotel called 'Towne Place Suites'.Two points of ingress and egress are proposed at Ed Perry Boulevard with primary access atthe north end ofthe site and shared with the adjacent Hampton Inn hotel. Pedestrian accessbetwecn hotels will also be provided.Parking as indicated in Section 204-23 of Oxford's Land Development Code for hotelsrequires:' one and one tenth or (1.1) parking space for each guest or sleeping room or4i ~III

4971MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0226Isuite ... .' At this rate, required parking is 105 spaces. Proposed parking provided on site iscurrently 83 spaces leaving a 12 space shortage. As stated in Section 204-0ff-StreetAutomobile Parking and Storage .... "Where space is not available on the lot, space shall beprovided within three hundred (300) feet of such uses upon approval of the Oxford Planningcommission by special exception ... " The Oxford Conference Center has agreed to allowTowne Place Suites hotel to use their parking lot for overflow parking when needed.Special exceptions may be granted and that granting the special exception will not adverselyaffect the public interest.Recommendation: Approve the request for Special Exception for twelve (12) off-siteparking places to be located at the Oxford Conference Center parking lot with the followingfinding:I. Granting of the special exception will not adversely affect the public interestIPaul Koshenina, with Precision Engineering appeared on behalf of the applicant commentingthat the Land Development Code requirement for parking was impossible to meet with sizeof lot. The Oxford Conference Visitors Bureau Board met and voted unanimous to allow theHotel to use their parking lot for overflow parking, which is estimated to be about 12-14spaces.Commissioner Bradley asked how many parking spaces are provided. Mr. Koshenina repliedthat 105 are required, but the site only has 93 planned with 10 of those as designated ashandicapped. Chairman Harmon asked for brief on traffic study. Mr. Koshenina informedthe commission that the Ed Perry Blvd. was built in anticipation for growth of the arearequiring no additional roadway improvements. Commissioner Whittington commentedabout the impact to Sisk Avenue regarding the anticipated changes especially related to theconstruction of the new high school nearby. In addition he expressed concern about thetraffic impact of increased commercial development in the Oxford Commons PUD. Mr.Koshenina commented that additional growth will trigger the need for a new traffic study.With no additional comments a motion for the approval for the special exception was madeby Commissioner Whittington and seconded by Commissioner Bishop. All present votingaye. The special exception was approved.Mr. Koshenina gave an overview of site plan, Case #1665 for the Towne Place Suites Hotel.Commissioner Kellum asked how many rooms were planned for the hotel. Mr. Michael.lones, project architect, replied 88 extended stay suites. He further commented that the planincluded an outside pool and Bar-B-Que area with significant landscaping.IA motion was made by Commissioner Kellum to approve the site plan for the Towne PlaceSuites and seconded by Commissioner Huelse.With no further questions or comments,All present voting aye.The motion was approved.8. Public hearing for Case #1667 - Request for a two (2') foot fence height variance forproperty located at 912 Chickasaw Street in a (RE) Residential Estate zoned district(Board of Adjustment)5

498MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-2261I.IIPlanners Comments: The subject property is a regularly shaped residential lot located onthe southeast corner of Chickasaw Road and Cherokee Drive. Located in an older wellestablishedarea of Oxford, the subject property is surrounded by like properties of similarage, size and style. The homes are modest relative to their lot size and the existingvegetation is well established as well. The subject property is relatively flat at the frontpOl1ion of the lot climbing considerably in the rear or west side. The applicant's rear yard isan established path for the local deer population often getting caught; sometime fatally in thecxisting chain link fence.Section 157 - Open Space/Setback Requirements in Oxford's Land Development Code-157.0 I (2) states" .... Fences which allow for visibility, such as wrought iron fences, may befour (.JJfeet high in the Font of/he font building line ... . "Located in the front building line,the applicant is seeking a two (2') foot fence height variance to construct a six-foot (6')wooden fence to permanently discourage the deer from further damaging the applicant'sfence and landscaping. The vertical members of the fence are spaced to allow for visibility.In addition, the location of the fence relative to the slope of the properly will not impair orobstruct visibility to the adjacent street. By nature, a corner lot has two front setbacks andtwo side setbacks thereby reducing the applicant's buildable space creating a hardshiprelative to those owners of interior lots.A variance request may be granted when special conditions exist that are peculiar to the landor structures that do not apply to other lands or structures in the same District under the termsof this Ordinance.IRecommendation: Staff recommends approval of the two (2') foot fence height variancerequest based on the following findings:I. Due to the nature of a corner lot circumstances that exist which are peculiar tothe land involvcd and which are not applicable to other lands in the samedistrict;2. the literal interpretation of the provision of this Ordinance does deprive theapplicant of rights commonly enjoyed by other properties in the same districtunder the terms of this ordinance:3. granting the variance request would not confer on the applicant specialprivileges that is denied by this ordinance to buildings in the same district.A letter of support from the neighbors was submitted from applicant Patti Lampkin.With no further questions or comments, a motion was made by Commissioner Whittington toapprove the variance based on the Planner's recommendations and seconded byCommissioner Kellum to approve.IAll present voting aye,The motion was approved.6l i

.,499MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-0226I9. Public hearing for Case #1668 - Request for site plan approval for 'The Domain' - a234 mnlti-unit residential rental development located at 2000 Oxford Way in an(RC) Mnlti-Unit Residential zoned district (Planning Commission)Zoning History - The subject property was a pOliion of a lager tract of land located in thecounty that included the current Exchange (formerly the Connection) apartment complex. Asa condition to approval of the Exchange site plan, the subject property was placed in aconservation easement restricting development of the site. The current RC zoning of theproperty was establ ished when the property was annexed in 2007. Subsequent to annexationthe subject property has been removed from the conservation easement now permittingdevelopment of the site.Planner's Comments: The subject property is a 37 acre site of heavily wooded site withrolling hills. The applicant is requesting approval for a 260 unit 650 bed apartment complex.The Site Plan Review Committee reviewed the proposed site plan on March 28, 2012; April4, 2012; September 19, 2012; and September 26, 2012.ISee attached letter from the Public Works Director and supplemental documentation.Recommendation: Denial of the request based on conclusions outlined in the attached letterfrom the Public Works Director.Paul Watkins, city attorney explained to the Commission that the property now called theExchange was originally developed before 2007 annexation restricting them to 4-units peracre. To meet their desired density and unit number the developer put the remaining propertyunder a conservation easement with the state. Once this property was annexed into the Citythe developers petitioned to have the easement lifted and the 4-unit per acre requirement nolonger applied as it became RC zoned property.Paul Koshenina informed the Commission that a land swap took place effectively moving theconservation easement to the south, freeing the subject property to be developed. MarkLinley with Asset Plus Corp. is requesting site plan approval for a 234-unit development.Discussion continued among the Commission members and the applicants regarding theamount of land swapped.IPaul Koshenina, wanting to address the concerns outlined in a letter to the Commissionerfrom the City Engineer, Bart Robinson. The first concern addressed in Mr. Robinson's letterconcerns Oxford Way existing roadway off of Old Taylor Road. This street is the primaryentrance to the proposed development and is in excess of 800 feet; the maximum dead-endlength allowed by current ordinance. Mr. Koshenina accepts and understands that the streetis in excess of800 ft., but feels the proposed plan is meeting the spirit of the ordinance byproviding an alternate access through the site by a private road, through the site that wouldallow connection to County Road 300 to the south, so that there is an alternate way in and outof the project and thereby creating a non-de ad-end situation to the roadway. Mr. Kosheninacontinued by saying if safety is the real guiding force behind the dead-end requirement, thenthe safety aspect has been handled by creating another alternate way in and out of the site onCounty Road 300, which will be used strictly for emergency purposes.7

500r~~-c~:--­MINUTE BOOK No. 63, CITY OF OXFORDDEMENT-MERIDIAN 61-226,IMr. Koshenina continued by saying Mr. Robinson's letter contained exhibits from theprevious project; The Exchange or the Connection, existing to the north and some exhibitsrelated to the conservation easement that showed a potential roadway extending through thesubject property connecting to County Road 300. The developer's intent at the time was toinsure that they had a way to extend Oxford Way through to access through to the additionalproperty that they owned to the south of CR 300. Now that the easement has been releasedand transferred to the additional area to the South ofCR 300, they don't feel that there is aneed to extend a public street through the site.Also attached were the minutes to the meeting stating that the road ... " may be extended southin thefillure to provide access to the additional undeveloped acreage owned." Mr.Koshenina added that this is no longer the case and that the developer no longer sees the needfor the roadway to be extended.Continuing on, Mr. Koshenina addresses the third paragraph in the letter that addresses therequirement for at least two separate points of public access for any development over 200dwelling units. Mr. Koshenina confirms that the project has in excess of200 units and wouldrequire two forms of access to a public roadway. Mr. Koshenina points out that the proposeddevelopment does provide two forms of access from Oxford Way and CR 300; both publicroadways.IMoving on to the next paragraph of the letter, Mr. Koshenina addresses the lack ofa requiredsidewalk on the north side ofCR 300 and that after discussion with the city, his client iswilling to construct a sidewalk on their side of CR 300, but feels as though there would be novalue in constructing the sidewalk at the time because of its current condition and wouldagree to perhaps escrow the funds to construct the sidewalk at a later date when roadimprovements are made to CR 300; minimizing the risk of building the sidewalk now only tohave it torn later as part of some future roadway improvement.Mr. Koshenina continued addressing the next paragraph of the letter stating "Emergencyingress/egress to CR 300 must remain strictlyfor emergency vehicles" which is exactly theintent of the applicant as indicated and labeled restricted access on the submitted site plan.Mr. Koshenina after addressing these specific items entertained questions or concerns fromthe Commission.Mark Linley, with Asset Plus Corp, came forward to address the Commission wanting to addin reference to the conservation easement commenting that they traded 37 acres ofconservation easement for 50 acres of conservation easement and moved the conservationeasement to the other side of CR 300. It was done with the support ofthe City of Oxfordover a year ago. Asset Plus wanted to build the project on the north side of the road next tothe Connection because it was better access. In order to get the easement removed the staterequired Assct Plus to come to the City and get a letter of support, which it got. They havetried to address all of the City's concerns.IChairman Harmon asked for questions or comments from the Commission. CommissionerBradley asked the applicant what their objection to providing access to CR 300. Mr.Koshenina replied that access is provided, however due to the condition ofCR300 the safersolution for this project is to encourage or force traffic to use the improved intersection atOxford Way. Since CR300 is only 150 feet from the improved intersection the applicants8