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File #: 21-1384    Version: 1 Name:
Type: Motion Status: Filed with the City Secretary
File created: 9/28/2021 In control: Corpus Christi Business and Job Development Corporation - Type A
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 $3,100 per year and not to exceed $15,500 to run concurrently with the City’s depository contract, which ends on December 31, 2025. Funding of $1,550 each, for a total of $3,100, is available in the fiscal year 2022 Seawall and Arena Funds.
Attachments: 1. Agenda Memo - CCBJDC Safekeeping Agreement, 2. Resolution - Corpus Christi Bus & Dev SK Corporate, 3. Corpus Christi Bus & Dev Safekeeping Agreement (9-14-21).pdf, 4. CC Bus Dev pricing addendum.pdf, 5. CC Bus Dev 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 $3,100 per year and not to exceed $15,500 to run concurrently with the City’s depository contract, which ends on December 31, 2025.  Funding of $1,550 each, for a total of $3,100, is available in the fiscal year 2022 Seawall and Arena Funds.