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:
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APPROVED:
9H.
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City of Georgetown
ATTEST:
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Elizabeth Gray
City Secretary
APPROVED AS TO FORM:
Marianne Landers Banks
City Attorney