File #: 21-1385    Version: 1 Name:
Type: Motion Status: Filed with the City Secretary
File created: 9/28/2021 In control: Corpus Christi B Corporation - Type B
On agenda: 10/18/2021 Final action: 10/18/2021
Title: Resolution authorizing a safekeeping agreement with Frost Bank for the safekeeping of securities purchased as investments in an annual contracted amount of $1,100 per year and not to exceed $5,500 to run concurrently with the City’s depository contract, which ends on December 31, 2025. Funding of $550, $77, and $473 is available in the fiscal year 2022 Type B Economic Development Fund, the Type B Housing Fund, and the Type B Streets Fund, respectively.
Attachments: 1. Agenda Memo - CCBC Safekeeping Agreement, 2. CC B Corp SK Corporate Resolution (9-14-21), 3. Corpus Christi B Corporation Safekeeping Agreement (9-14-21).pdf, 4. CC B pricing addendum.pdf, 5. Corpus Christi B Corporation Safekeeping-Gov't Rider (9-14-21).pdf

Title

Resolution authorizing a safekeeping agreement with Frost Bank for the safekeeping of securities purchased as investments in an annual contracted amount of $1,100 per year and not to exceed $5,500 to run concurrently with the City’s depository contract, which ends on December 31, 2025.  Funding of $550, $77, and $473 is available in the fiscal year 2022 Type B Economic Development Fund, the Type B Housing Fund, and the Type B Streets Fund, respectively.