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HomeMy WebLinkAboutRES 071205-N - Depository Extention AgmtRESOLUTION NO. 07/2- ©5Arm A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS, AUTHORIZING THE MAYOR TO SIGN AN EXTENSION OF THE AGREEMENT WITH UNION STATE BANK AS THE CITY OF GEORGETOWN, TEXAS DEPOSITORY FOR ONE YEAR ENDING AUGUST 31, 2006. 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 Union State Bank have been satisfactory; and WHEREAS, the City of Georgetown, Texas, desires to extend the depository agreement for a one year period. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS, THAT: S ECTION 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 13.00, 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 enactment of this Ordinance 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. S ECTION 2. The Mayor is hereby authorized to execute and the City Secretary to attest thereto an agreement with Union State Bank to serve as the City of Georgetown, Texas, Depository after its approval by the City Manager and City Attorney S ECTION 3. This resolution shall be effective immediately upon adoption. RESOLVED this 12th day of July, 2005. ATTE, T: T fi CITY OF GEORGETOWN: Sandra D. Lee By: ,/ Gary/ : elon City Secretary Mai(it APPROVED AS TO FORM: ahicZfrobL-- Patricia T. Carls, Brown and Carls, L.L.P. City Attorney C Depository Extension Resolution No. V ! n / ! 2 ©J "A Page 1 of 1 P:\AGENDA\2005\extenddep.res.doc Depository Extension Agreement This Extension Agreement is entered into the 1st day of September, 2005 by and between the City of Georgetown, Texas (the "City") and Union State Bank (the "Bank"), a national banking association, to extend the existing agreement for depository services for an additional one year period, ending August 31, 2006. ATTEST: Sandra D. Lee City Secretary APPROVED AS TO FORM: mGC cif(r Patricia I. Carts, Brown and Carts, L.L.P. City Attorney (SEAL) Accepted: D 7I 2O5-N By: ry May CITY e F GEORGETOWN: Ion Union Sta Bank, Georgetown By: VIA ` \-,.; Title: cP0 (c )‘" Date: