Loading...
HomeMy WebLinkAboutRES 940927-R - Extention Agmt First Tx BankRESOLUTIONNO. ",EREAS, The City of Georgetown Texas, has published notice of its intention to select a depositoo fr City fundds; an ry WHEREAS, The City of Georgetown. Texas., ha -q, reme-i , "I el WHEREAS, the City of Georgetown., Texas, desires to select fro those proposals received the in application offering the most favorable terms and conditions of handling the municipal fundsl and WHEREAS, the City of Georgetown, Texas, requires additional time for transition of City funds to the newly selected depository. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL THE CITY OF GEORGETOOFWN, TEXAS, THAT: SECTION 1. The facts and recitations contained in the preamble of this resolution are here found and declared to be true and correct, and are incorporated by reference herein and expressly ma a part hereof, as if copied verbatim. The City Council hereby finds that this resolution implemen Finance Policy I of the Century Plan - Policy Plan Element, which states, "The City will conduct municipal operations in an efficient business -like manner",j and further finds that the adoption Of t resolution is not inconsistent or *in conflict with any other Century Plan Policies, as required by Sect • 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 First Texas Bank to continue service as City of Georgetown, Texas, Depository for an additional thirty-one (31) days after its approval by the City Manager and City Attorney, SECTION 3. This resolution shall be effective immediately upon adoption. 7 RESOLVED this <::;?,7117 day of LS�,ekjjll &r 1994. ATT THE CITY OF GEORGETOWN: Sandra Lee By: LEO WOOD City Secretary Mayor rLROVED AS TO FORM: Marianne Landers Banks City Attorney 111) Depository Extension Resolution No.. �VO ZJ 7 - R Page 1 of 1