HomeMy WebLinkAboutM2013-031 - 02/12/2013File Number: 13 -00062
Corpus Christi
q Signature Copy
Motion: M2013 -031
File Number: .13 -00062
Motion approving a Municipal Lease Line of Credit with Frost Bank in accordance with
Request for Proposal No. BI- 0040 -13 based on lowest responsible proposal for an
estimated annual expenditure of $326,909.92. The term of the contract is for one year
with options to extend for up to four additional one -year periods, subject to the approval of
the contractor and the City Manager, or designee.
At a meeting. of the City Council on 2/12/2013, this Motion was passed.
Aye: 9 Council Member Allen, Council Member Leal, Council Member Loeb, Mayor
Martinez, Council Member Scott, Council Member Magill, Council Member
McIntyre, Council Member Rlojas, and Council Member Garza
Abstained: 0
ATTEST:
Nelda Martinez, Mayor
Enactment Number: M2013 -031
(ah�
Armando Chapa, City Secretary
Enactment Number: M2013 -039
1201 Leopard Street
Corpus Christi, TX 78441
cctexas.com
Corpus Christi
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INDEXED
I, the Director of Financial Services 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
below is in the Treasury to the credit of the Fund specified below, 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: February 12, 2013
Agenda Item: Motion approving a Municipal Lease Line of Credit with Frost Bank in accordance with
Request for Proposal No. BI- 0040 -13 based lowest responsible proposal for an estimated expenditure
of $326,909.92. The term of the contract is for one year with options to extend for up to four additional
one -year periods, subject to the approval of the contractor and the City Manager, or his designee.
Amount Required: $ 35,901.45
Fund Name
Account No.
Fund No.
Org. No.
Project No.
Amount
General
530190
1020
12010
$ 1,328.10
General
530190
1020
12504
1,592.96
General
530190
1020
12510
13,433.67
General
530190
1020
12910
2,902.87
General
530190
1020
35100
1,660.38
Street
530190
1041
12430
6,840.04
Wastewater
530190
4200
33130
1,628.68
Wastewater
530190
4200
33120
1,628.69
Wastewater
530190
4200
33150
1,628.69
Wastewater
530190
4200
33100
1,628.69
Wastewater
530190
4200
33400
. 1,628.68
Total
$ 35,901.45
❑ Certification Not Required
Director of Financial Services
Date: Z. - IF — a 21