HomeMy WebLinkAboutCity Council Resolutions (R-93-960)-12/07/1993
RESOLUTION R-93-960
A RESOLUTION PERMITTING THE CITY TO CONSIDER ACCEPTING
PROPOSALS FROM AND AWARDING A BANK DEPOSITORY CONTRACT TO A
FINANCIAL INSTITUTION CONDUCTING BUSINESS OUTSIDE THE CITY
LIMITS OF COLLEYVILLE IF THE FINANCIAL INSTITUTION MAINTAINS
A PLACE OF BUSINESS WITHIN THE STATE OF TEXAS
WHEREAS, the City of Colleyville, Texas desires to obtain
bank depository services for City funds at a
financial institution; additionally, the City
desires to obtain high quality banking service at a
reasonable cost using the following criteria for
selection: financial stability of the institution,
price, special needs and requirements of the city,
past performance record with the City, willingness
to accept collateralization agreement, and
evaluation of the financial institution's ability
to perform,
WHEREAS, to obtain the desired banking depository service,
the city would like to solicit proposals from area
financial institutions outside the corporate limits
of the City of Colleyville,
WHEREAS, the City is now required to state its intent to
solicit proposals outside the corporate City limits
under recently enacted legislation in the Local
Government Code Sec. 105.011,
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF COLLEYVILLE, TEXAS, THAT, the City is hereby declaring its
intent to solicit depository proposals from financial
institutions inside and outside the corporate limits of the
City of Colleyville, if the financial institution maintains a
place of business in the State of Texas, and it may select as
its depository a Texas financial institution doing business
inside or outside the corporate limits of the City of
colleyville.
AND SO IT IS RESOLVED:
Passed b~ a vote of
day of Qlt~blr
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1993.
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on the
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Harris, CMC
Secretary
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Attest:
Richard Newton
Mayor