HomeMy WebLinkAboutRes 2009-12-05 Awarding a Depositor Agreement and Depository Contract with Independent Bank.pdfCITY OF ANNA, TEXAS
RESOLUTION NO. 2009-12-05
A RESOLUTION AWARDING A DEPOSITOR AGREEMENT AND AUTHORIZING
THE CITY MANAGER TO EXECUTE A THREE YEAR DEPOSITORY CONTRACT
WITH INDEPENDENT BANK
WHEREAS, on November 1, 2009 the City of Anna (City) Advertised in the newspaper
of record a notice of Request for Proposals (RFP)/Bid for a Depository Contract starting
January 1, 2010 and ending on December 31,2012; and,
WHEREAS, a copy of the RFP was hand delivered to Buddy Hayes, Texas Star Bank
and Johnny Bratcher, Independent Bank on or about that same date; and,
WHEREAS, the RFP stated that all proposals must be delivered to the City's Finance
Director at 111 N. Powell Parkway by 2:00 PM on November 30, 2009; and,
WHEREAS, the City received only one proposal from Independent Bank; and,
WHEREAS, staff has reviewed the proposal submitted by Independent Bank and
recommends that the Depositor Agreement be awarded to Independent Bank;
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
ANNA, TEXAS THAT:
Section 1. Recitals Incorporated
The recitals set forth above are incorporated herein for all purposes as if set forth in full.
Section 2. The City Council awards the Depositor Agreement, to Independent Bank
and authorizes the City Manager to execute a three year depository contract with the
bank, Exhibit "1", subject to approval as to form by the City Attorney.
PASSED by the City Council of the City of Anna, Texas, on this 8th day of December,
2009.
ATTEST:
12'()8'()9