HomeMy WebLinkAboutRES 072704-K - Extend Agmt Union State BankRESOLUTION NO. 0 7 704
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, 2005.
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.
N OW, 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 27th day of July, 2004.
ATTEST:
Sandra D. Lee
City Secretary
APPROVED AS TO FORM:
Patncia T. Carls, Brown and Carls, L.L.P.
City Attomey
Depository Extension Resolution No. 0/2-10
Page 1 of 1
P:\AG EN DA\2004\extenddep. res.doc
THE CITY OF GEORGETOWN:
By: Gary
Mayor
Depository Extension Agreement
This Extension Agreement is entered into the 1st day of September, 2004 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, 2005.
ATTEST:
THE CITY OF GEQtGETOWN:
Sandra D. Lee By: - = ' : �'►
City Secretary Mayor
APPROVED AS TO FORM:
(2;1`2/#2-----
Patncia Carls, Brown and Carls, L.L.P.
City Attomey
(SEAL)
Accepted:
Union State Bank, Georgetown
By:
Title:
Date: