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HomeMy WebLinkAboutRES 961022-Q - Hartland Bank Agmt ExtentRESOLUTION NO. 94010-&2 - C! A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS, AUTHORIZING THE MAYOR TO SIGN AN EXTENSION OF THE AGREEMENT WITH HARTLAND BANK AS THE CITY OF GEORGETOWN, TEXAS DEPOSITORY FOR THE TWO YEARS ENDING OCTOBER 31, 1998. WHEREAS, The City of Georgetown Texas, has an option to extend the existing depository agreement; and WHEREAS, the services previously received by the City of Georgetown, Texas from Hartland Bank have been satisfactory; and WHEREAS, the City of Georgetown, Texas, desires to extend the depository agreement for a two year period. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS, THAT: SECTION 1. The facts and recitations contained in the preamble of this resolution are hereby found and declared to be true and correct, and are incorporated by reference herein and expressly made a part hereof, as if copied verbatim. The City Council hereby finds that this resolution implements Finance Policy End of the Century Plan - Policy Plan Element, which states: "All municipal operations are conducted in an efficient business -like manner and sufficient financial resources for both short-term and long-term needs are provided"; and further finds that the adoption of this resolution is not inconsistent or in conflict with any other Century Plan Policies, as required by Section 2.03 of the Administrative Chapter of the Policy Plan. SECTION 2. The Mayor is hereby authorized to execute, and the City Secretary to attest thereto an agreement with Hartland Bank to serve as the City of Georgetown, Texas, Depository after its approval by the City Manager and City Attorney. SECTION 3. This resolution shall be effective immediately upon adoption. RESOLVED this 22nd day of October, 1996. f ATTEF: THE CITY OF GEORGETOWN: Sandra D. Lee By: LEO WOOD City Secretary Mayor APPROVED AS TO FORM: Marianne Landers Banks City Attorney Depository Extension Resolution No. Page I of 1