HomeMy WebLinkAboutRes 2022-11-1311 Depository Bank Solicitation PolicyCITY OF ANNA, TEXAS
RESOLUTION NO. ZC3.2- -
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANNA, TEXAS,
ADOPTING A POLICY PERMITTING THE CONSIDERATION OF APPLICATIONS
FOR PRIMARY DEPOSITORY SERVICES RECEIVED FROM FINANCIAL
INSTITUTIONS THAT ARE NOT DOING BUSINESS WITHIN THE MUNICIPAL
BOUNDARIES OF THE CITY.
WHEREAS; Chapter 105 of the Texas Local Government Code requires the City to
competitively solicit financial institutions located within the City's municipal boundaries to
provide primary depository services; and
WHEREAS; Chapter 105 of the Texas Local Government Code further allows the City
Council to adopt a written policy permitting the consideration of applications received from
financial institutions that are not doing business within the City's municipal boundaries when it is
deemed to be in the best interest of the City; and
WHEREAS; the number of financial institutions located within the municipal boundaries
of the City that can provide primary depository bank services is limited; and
WHEREAS; it is in the best interest of the City to include financial institutions from
outside the City's municipal boundaries to ensure a competitive application solicitation process.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Anna,
Texas ("City"):
Section 1. That the findings and premises contained in the above are deemed to be true
and correct.
Section 2. That the attached written policy of the City of Anna, Texas shall be approved.
Section 3. This Resolution shall become effective upon the date of passage.
PASSED AND APPROVED on this 22nd day of November 2022.
ATTEST: \�1��, ,O ;,�.,,� APPROVE .
ti f..v r • _
Mate Pike, Mayor Carrie Land, City ecretary _ �`
CITY OF ANNA, TEXAS
PRIMARY DEPOSITORY SOLICITATION BOUNDARIES POLICY
November 2022
• As permitted by Chapter 105 of the State of Texas Local Government Code, it is the Policy
of the City of Anna, Texas to accept applications to serve as the City's Primary Depository
from financial institutions ("banks, credit unions, savings associations") doing business
from outside of the City's municipal boundaries.
• The bank, credit union, or savings association must maintain a place of business within the
State of Texas and offer the services required by the depository services contract.
• The City will limit the selection of those financial institutions to specified locations outside
of the City's municipal boundaries, determined by the consideration of operational
convenience and increased competitiveness. The specified locations will be determined by
City staff and disclosed in the Notice, advertisements (local and financial publication
circulation), and the Request for Applications.