A.) Consideration and applicable action on the following option items in connection with Financial Advisory Services Provider for Hidalgo County Drainage District No.1:

B.) Approval to exercise the District's option to renew the two (2) additional years under the same rates, terms and conditions with First Southwest Company for the provision of "Financial Advisory Services" in connection to RFP No. 11-008-04-27-Financial Advisory Services project; and/or

C.) Action for Hidalgo County Drainage District No.1 to exercise the thirty (30) days written Notice of Termination to First Southwest Company as provided in the Agreement, more specifically under Section IV-Termination and thus agree that only services provided and expenses incurred to the date of termination will be due and payable; and, if applicable,

D.) Authority to advertise a Request for Proposals ( with qualifications) for the engagement and contracting of a Professional Financial Advisory Services Provider for Hidalgo County Drainage District No.1, including approval of basic draft scope of services, requirements and qualifications used in the last solicitation of same.