HomeMy WebLinkAbout032305 ORD - 12/08/2020Ordinance designating Frost Bank as the depository for the City's
municipal funds pursuant to Chapter 105, Local Government Code;
and authorizing the City's Chief Financial Officer to execute a five-year
depository services contract to commence on January 1, 2021.
Whereas, the City of Corpus Christi, through the City Treasurer, issued a Request
for Applications for depository services in accordance with State law;
Whereas, three 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 Chief Financial Officer is authorized to execute a depository
services contract, and including any required banking documents, with Frost Bank to
provide municipal depository services, lockbox services, and related financial services
to the City of Corpus Christi for a period of five years commencing on January 1, 2021,
and ending on December 31, 2025.
The foregoingordinance was read for the first time and passed to its second reading on this the
Ib'r day of r�lf1� , 2020, by the following vote:
Joe McComb
Roland Barrera
Paulette M. Guajardo
Gil Hernandez
P Michael Hunter
Ben Molina
Everett Roy
Greg Smith
The foregoing ordinance was read for the second time and passed finally on this the day
of N..� t -k( 2020, by the following vote:
Joe McComb
Roland Barrera
Paulette M. Guajardo
Gil Hernandez
Michael Hunter
Ben Molina
Everett Roy
Greg Smith
•
SCANNED
PASSED AND APPROVED on this the
day of f,kCQvrl Y , 2020
ATTEST: CITY OF CORPUS CHRISTI
Rebecca Huerta
City Secretary
4 //K.,
Joe�9l�omb
Mayor
Attest: City of Corpus Christi
/4 �.
Rebecca Huerta, City Secretary Jqe McComb, Mayor
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