09-10-15-2j - Resolution - 09/10/2015 RESOLUTION NO. 09-10-15-2j
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLLEGE STATION,
TEXAS, SELECTING A DEPOSITORY BANK, APPROVING A BANK DEPOSITORY
CONTRACT, DESIGNATING THE CITY MANAGER OR HIS DESIGNEE AS THE
DESIGNATED OFFICER TO ADMINISTER THE DEPOSITORY SERVICES FOR THE
CITY, AND AUTHORIZING THE MAXIMUM EXPENDITURE OF FUNDS FOR THE
TERM OF THE CONTRACT.
WHEREAS, the City of College Station, Texas, solicited applications for a Bank Depository
Contract pursuant to Chapter 105 of the TEXAS LOCAL GOVERNMENT CODE; and
WHEREAS,the selection of BB&T is being recommended to provide banking depository services
to the City of College Station, Texas, after an extensive review and selection process; and
WHEREAS, Chapter 105 of the TEXAS LOCAL GOVERNMENT CODE and the terms of the Bank
Depository Contract require the designation of a municipal officer to represent and act on behalf
of the City on all matters arising from the Bank Depository Contract; now,therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLLEGE STATION,
TEXAS:
PART 1: That the City Council hereby designates BB&T as the City's Depository Bank.
PART 2: That the City Council hereby approves the Bank Depository Contract with
BB&T for an amount not to exceed$105,000.00 over a three-year term for bank
depository services.
PART 3: That the City Council hereby designates the City Manager or his Designee to
serve as the City's Designated Officer to represent and act on the City's behalf
on all matters arising under the Depository Services Contract.
PART 4: That the funding for this project shall be as budgeted from the General Fund in
the amount of$ 105,000.00.
PART 5: That this resolution shall take effect immediately from and after its passage.
RESOLUTION NO. 09-10-15-2j Page 2
APPROVED AND ADOPTED by the City Council of the City of College Station this 10th day of
September, 2015.
ATTEST: APPROVED:
City Secreta Mayor
APPROVED:
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City Attorney