Loading...
HomeMy WebLinkAboutRES 900441 - Depository AgmtRESOLUTION NO A RESOLUTION APPROVING THE SELECTION OF CITY OF GEORGETOWN, TEXAS, DEPOSITORY, APPROVING AN AGREEMENT BETWEENTHE CITY OF GEORGETOWN, TEXAS, AND DEPOSITORY AND AUTHORIZING THE MAYOR TO EXECUTE THE SAME, WHEREAS, the City of Georgetown; Texas, has published notice of its intention to select a depository for city funds; and WHEREAS, the City of Georgetown, Texas, has received proposals for custody of city funds; and WHEREAS, the City of Georgetown desires to select from those proposals received the application offering the most favorable terms and conditions of handling the municipal funds. NOW, THEREFORE, 9E IT RESOLVED by the City Council of the City of Georgetown, Texas, that: SECTION I, The Council finds that the recitals set forth above are true and correct and are incorporated herein, SECTION II. That the City: Council hereby selects NCNB Texas National Bank - Georgetown Banking Center as depository of city funds for the period October 1, 1990, throughSeptember30, 1992. SECTION III. That the City Council directs the Finance Director to negotiate an agreement with the depository consistent with bid specifications and its submitted proposal and subject to City Attorney approval. SECTION IV, That the Mayorbe authorized to execute the depository agreement and the City Secretary to attest thereto, !Ir PASSED; ADOPTED AND APPROVED on first reading this day of `.; + 1990: i APPROVED: 9H. &Connor,iM;ayor=� City of Georgetown ATTEST: ,4 Elizabeth Gray City Secretary APPROVED AS TO FORM: Marianne Landers Banks City Attorney