HomeMy WebLinkAboutCity Council Resolutions (R-01-1876)-12/18/2001
RESOLUTION R-01-1876
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, it is the desire of the City of Colleyville to obtain high quality bank depository
services at a reasonable cost and the following criteria will be used for
selecting a financial institution: financial stability of the institution, price,
special needs and requirements of the City, past performance record with the
City, willingness to accept a collateralization agreement, and evaluation of
the financial institution's ability to perform; and
WHEREAS, to obtain the desired bank depository service, the City would like to solicit
proposals from area financial institutions outside the corporate limits of the
City of Colleyville; and
WHEREAS, the City is required to state its intent to solicit proposals outside the corporate
city limits per legislation in the Local Government Code Sec. 105.011.
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
COLLEYVILLE, TEXAS,
Sec. 1.
THAT the City is declaring its intent to solicit depository proposals from
financial institutions doing business inside and outside the corporate limits
of Colleyville.
Sec. 2.
THAT if the financial institution maintains a place of business in the State of
Texas, the City 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 by a vote of 5 ayes, 0 nays, and
/,f27A day of ~~CL/7Yl3Yu, 2001.
o
abstentions on this
nthia Singleton, TRMC
City Secretary
CITY OF COLLE
iz
Mayor
ATTEST: