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HomeMy WebLinkAboutItem 11 - Banking Depository ServicesFROM: • RUMBELOW,w MEETING DATE: JUNE 7, 2016 SUBJECT: APPROVAL TO RENEW AN ANNUAL CONTRACT FOR BANKING DEPOSITORY SERVICES RECOMMENDATION: City Council to consider approval for the renewal of an annual contract for bank depository services with Legacy Texas Bank. FUNDING SOURCE: There is no funding required for the banking services as Legacy Texas Bank has waived all depository service fees for the contract period. '• •SOA A FTAI I I • The purpose of extending the contract is to continue with an annual contract for bank depository services. Request for proposals were taken in accordance with Texas Local Government Code Chapter 252.022. The RFP public notice was posted in the Fort Worth Star Telegram on March 13 and 20, 2014. If approved, this would be for the first of three renewal options available. Staff recommends approval.