| 1 | 1 | | SENATE RESOLUTION NO. 672 |
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| 2 | 2 | | WHEREAS, The Senate of the State of Texas is pleased to |
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| 3 | 3 | | recognize Nathan C. Hallett, who is retiring April 30, 2015, as |
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| 4 | 4 | | treasurer of Dallas Area Rapid Transit after 15 years of |
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| 5 | 5 | | outstanding service; and |
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| 6 | 6 | | WHEREAS, Mr. Hallett has throughout his career been noted |
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| 7 | 7 | | for his expertise in the field of finance and his extraordinary |
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| 8 | 8 | | vision and foresight; and |
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| 9 | 9 | | WHEREAS, He has negotiated terms for $3.4 million in |
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| 10 | 10 | | long-term bonds and $200 million in short-term notes, and he has |
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| 11 | 11 | | managed these instruments with a strong sense of fiscal |
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| 12 | 12 | | responsibility; he also negotiated four tax-advantaged lease |
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| 13 | 13 | | transactions that have generated approximately $20 million in |
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| 14 | 14 | | cash for the agency; and |
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| 15 | 15 | | WHEREAS, Mr. Hallett has expertly managed the agency's |
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| 16 | 16 | | fuel and electricity hedge programs; he has been a member of the |
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| 17 | 17 | | agency's Retirement Committee and also served as chair of its |
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| 18 | 18 | | Investment Committee; and |
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| 19 | 19 | | WHEREAS, An exemplary administrator and public servant, he |
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| 20 | 20 | | is respected and admired by his colleagues, and his presence at |
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| 21 | 21 | | Dallas Area Rapid Transit will be greatly missed; now, therefore, |
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| 22 | 22 | | be it |
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| 23 | 23 | | RESOLVED, That the Senate of the State of Texas, 84th |
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| 24 | 24 | | Legislature, hereby commend Nathan C. Hallett on his exceptional |
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| 25 | 25 | | service to the people of Dallas as treasurer of Dallas Area Rapid |
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| 26 | 26 | | Transit and extend to him best wishes for continued success in |
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| 27 | 27 | | all his endeavors; and, be it further |
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| 28 | 28 | | RESOLVED, That a copy of this Resolution be prepared for |
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| 29 | 29 | | him as an expression of esteem from the Texas Senate. |
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| 30 | 30 | | West |
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| 31 | 31 | | ________________________________ |
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| 32 | 32 | | President of the Senate |
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| 33 | 33 | | I hereby certify that the |
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| 34 | 34 | | above Resolution was adopted by |
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| 35 | 35 | | the Senate on April 30, 2015. |
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| 36 | 36 | | ________________________________ |
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| 37 | 37 | | Secretary of the Senate |
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| 38 | 38 | | ________________________________ |
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| 39 | 39 | | Member, Texas Senate |
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