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HomeMy WebLinkAboutM2010-289 - 12/07/2010MOTION 12/07/2010 5. Motion approving a depository services agreement with The Frost National Bank of San Antonio, Texas for the provision of depository services for the City's funds, in accordance with Request for Applications BI-0210-10, for a period of three years, to renew automatically for up to two additional one-year periods, unless terminated by provision of 90 days' prior notice, for an estimated three- year expenditure of $458,749.44, of which $43,007.76 is required for the remainder of FY 2010-2011. Funds are budgeted and available in the General Fund in FY 2010-2011 and will be requested in subsequent fiscal years. ATTEST: Armando Chapa, City Secret ry Joe Adarx e, Mayor City of Corpus Christi M2010-289 ~~©~~D~ CITY OF CORPUS CHRISTI CERTIFICATION OF FUNDS (City Cuarter Article I`d, Sections 7 ~ iij I the Director; of Financial Services of the City of Carpus Christi, Texas (or his/her duly authorized .representative},hereby certify to the City Council and other appropriate officers that the money required far'the current fiscal year's portion of the contract, agreement, obligation orexpenditure described below is in the Treasury to the credit of the Fund specified below, from vuhich it is to be drawn, and has not been appropriated for any other purpose. City Council Action Date: 12/07/2010 AgendatI~em; r, Motion `approving a depository. services agreement with The Frost National Bank of San An'tvnio, .'`Texas; for the provision of depository services for the City's funds, in accordance -with Request for Applications BI-0210-10, for a period of three years, to renew :automatically for up to two additional one-year periods, unless terminated by ' provision . of 90 days' prior notice, for an estimated three-year expenditure of $4.58,749:44 of which $43,007.76 is required. for the remainder of FY 10111. Funds are budgeted aid;available. in the General Fund in FY 10111 and will be requested in swbsequentflscal-years. Amount Required: $43,007.76 Fund Name Fund No. Or . No. Account No. Pro'ect No. Amount General Fund 1020 10830 540030 $43,007.76 ;Total $43,007.76 `. ~i~~c~(Cr~