HomeMy WebLinkAbout033825 ORD - 12/16/2025One -reading ordinance designating Frost Bank as the depository for
the City's municipal funds pursuant to Chapter 105, Local Government
Code; and authorizing the City's Director of Finance & Procurement to
execute a five-year depository services contract to commence on
January 1, 2026.
Whereas, the City of Corpus Christi ("City"), through the City Treasurer, issued a
Request for Applications for depository services in accordance with State law;
Whereas, four banks submitted responses which were received and reviewed by
the City Treasurer and staff; and
Whereas, the City Council has been presented with the specifications of each
application in accordance with Section 105.011, Texas Local Government Code, and
responses, along with staff's recommendation for consideration.
Be it ordained by the City Council of the City of Corpus Christi, Texas:
Section 1. Frost Bank is designated as the City's depository for municipal funds.
Section 2. The City's Director of Finance & Procurement is authorized to execute a
depository services contract, including any required banking documents, with Frost Bank
to provide the City with municipal depository services, Iockbox services, and related
financial services for a five-year period commencing January 1, 2026, and ending
December 31, 2030. A copy of the depository services contract will be placed on file
with the City Secretary's Office.
Section 3. This section constitutes a written request by the Mayor or a majority of the
members of the City Council for this ordinance to be passed finally on the date of
introduction due to emergency. The City Council finds and declares an emergency due
to the need for immediate action necessary for the efficient and effective administration
of City affairs; and suspends the City Charter rule that requires consideration of and voting
upon ordinances at two regular meetings so that this ordinance is passed and takes effect
upon first reading as an emergency measure.
PAS ED and APPROVED on the 0day of Q&M , 2025.
Paulette Guajardo, M
A E T:
Rebecca Huerta, City Secretary
SCANNED
033825
CITY OF CORPUS CHRISTI
CERTIFICATION OF FUNDS
(City Charter Article IV, Sections 7 & 8)
I, the Director of the Finance & Procurement Department of the City of Corpus Christi, Texas (or his/her
duly authorized representative), hereby certify to the City Council and other appropriate officers that the
money required for the current fiscal year's portion of the contract, agreement, obligation or
expenditure described above is in the Treasury to the credit of the Fund specified above, from which it is
to be drawn, and has not been appropriated for any other purpose. Future payments are subject to
annual appropriation by the City Council.
City Council Action Date: December 9, 2025 Legistar Number: 25-1675
Agenda Item:
Ordinance designating Frost Bank as the depository for the City's municipal funds pursuant to
Chapter 105, Local Government Code; and authorizing the City's Director of Finance &
Procurement to execute a five-year depository services contract to commence on January 1,
2026.
Amount Required:(Amount to be Certified) $
Fund Name
Accounting Unit
Account No.
Activity No.
Amount
General
1020-10830-59
540030
$152,005.00
General
1020-11750-29
540030
$2,445.00
General
1020-12950-27
540030
$4,135.00
General
1020-35100-10
540030
$14,140.00
Law Enforcement Trust
1074-29
540030
826000S
$3,325.00
Seawall Impry
1120-13824-57
540030
$755.00
Arena Facility
1130-13821-57
540030
$755.00
Type B Econ Dev
1146-15030-57
540030
$585.00
Type B Housing
1147-15030-24
540030
$85.00
Type B Streets
1148-15030-33
540030
$500.00
Airport
4610-35000-53
540030
$6,670.00
Convention Center Complex
4710-13626-34
540030
$10,720.00
Liab/EB Liab
5611-40500-54
540030
$2,865.00
Liab/EB WC
5612-40510-54
540030
$3,705.00
Other Employee
5614-40610-16
540030
$1,645.00
CC Comlmp Corp
9040-48003-24
540030
$2,365.00
CCCIC Home
9045-48004-24
540030
$3,705.00
CCCIC Collect
9047-48006-24
540030
$2,715.00
Total
$213,120.00
❑ Certification Not Required
Director o he Finance & Procurement Department
Date: