HomeMy WebLinkAboutItem 12 - Banking Depository MEMO TO: HONORABLE MAYOR AND MEMBERS OFTHE CITY COUNCIL
FROM: BRUNO RUMBELOW, CITY MANAGER ) t)
MEETING DATE: JUNE 20, 2017
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.
BACKGROUND INFORMATION:
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 Star-Telegram on March 13
and 20, 2014. If approved, this would be for the second of three renewal options available.
Staff recommends approval.
JS/BS