HomeMy WebLinkAboutRes 2013-02-06 Solicit Bank Depository Services.pdfCITY OF ANNA, TEXAS
RESOLUTION NO. 2013-02-06
A RESOLUTION OF THE CITY COUNCIL OF THE CITY ANNA, TEXAS,
AUTHORIZING THE SOLICITATION FOR PRIMARY BANK DEPOSITORY
SERVICES FROM INSTITUTIONS THAT ARE PHYSICALLY LOCATED OUTSIDE OF
THE MUNICIPAL BOUNDARIES OF THE CITY.
WHEREAS, Chapter 105 of the Local Government Code requires the City to
competitively solicit financial institutions that reside within the City's municipal
boundaries to provide primary bank depository services; and
WHEREAS, Chapter 105 of the Local Government Code further allows the City
Council to authorize the inclusion of financial institutions the reside outside of 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 who can provide primary bank depository services is limited; and
WHEREAS, it is in the best interest of the City, in order to ensure a competitive
application process, to include financial institutions that reside outside of the City's
municipal boundaries.
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. Geographic Limitations
That the City Council hereby declares that financial residing within 7 miles from the City
of Anna, City Hall (I 11 N. Powell Parkway) are eligible to make application to provide
primary bank depository services to the City of Anna.
Section 3. Effective Date
This resolution shall become effective immediately upon its approval and passage.
PASSED AND APPROVED by the City Council of the City of Anna, Texas on this 12th
day of February, 2013.
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