File #: 15-1366    Version: Name:
Type: Ordinance Status: Passed
File created: 11/19/2015 In control: City Council
On agenda: 12/8/2015 Final action: 12/15/2015
Title: Second Reading Ordinance - Depository Banking Services Agreement (1st Reading 12/8/15) Ordinance to accept staff recommendation to designate Frost Bank as the depository for municipal funds in accordance with section 105.016 of the Texas Local Government Code and authorizing the City Manager or designee to execute a depository services contract for a period of 3 years to commence on January 1, 2016 and end on December 31, 2018 with an option to renew for two additional one-year periods.
Sponsors: Finance & Procurement, Contracts and Procurement
Attachments: 1. Agenda Memo - Depository Banking Services Agreement, 2. Ordinance - Depository Banking Services Agreement, 3. Scoring Matrix - Depository Banking Services, 4. Attachment A - Service Agreement & Exhibits Depository Services

Title

Second Reading Ordinance - Depository Banking Services Agreement (1st Reading 12/8/15)

 

Ordinance to accept staff recommendation to designate Frost Bank as the depository for municipal funds in accordance with section 105.016 of the Texas Local Government Code and authorizing the City Manager or designee to execute a depository services contract for a period of 3 years to commence on January 1, 2016 and end on December 31, 2018 with an option to renew for two additional one-year periods.