RE 10-08-91.1 RESOLUTION NO. 100891.1
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COPPELL, TEXAS ACCEPTING THE
PROPOSAL FOR CITY DEPOSITORY AND BANKING SERVICES OF FIRST COPPELL BANK:
DESIGNATING FIRST COPPELL BANK AS THE CITY DEPOSITORY: ADOPTING THE
PROPOSAL, ATTACHED HERETO AS EXHIBIT "A" AND MADE PART HEREOF FOR ALL
PURPOSES AS THE CONTRACT FOR CITY DEPOSITORY AND BANKING SERVICES; PROVIDING
A TERM OF TWO (2) YEARS; REQUIRING SIGNATURE OF AN OFFICER OF FIRST COPPELL
BANK TO ACCEPT THE TERMS HEREOF; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City has given notice and requested applications from
all the banks doing business within the City and County for provision of the
City's depository and banking services; and
WHEREAS, applications were received, opened, and publicly read aloud
on September 17, 1991; and
WHEREAS, after review and consideration of the applications received,
it is the recommendation of the Administration and determination of the City
Council that the agreement be awarded to First Coppell Bank.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF COPPELL,
TEXAS, THAT:
SECTION I.
That the proposal for City depository and banking services submitted
by First Coppell Bank be, and the same is hereby, accepted and adopted as
the agreement for City depository and banking services, subject to the
provisions of this resolution. That a true copy of such proposal is
attached hereto as Exhibit "A" and made a part hereof for all purposes.
SECTION 2.
That it is the determination of the City Council that First Coppell
Bank offered the most favorable terms and conditions for the handling of the
City's funds and that no conflict of interest appears to exist which would
preclude the award of this agreement to First Coppell Bank. From and after
the execution of a copy of this resolution, with the proposal attached, by
First Coppell Bank, such bank shall be designated a Depository for the funds
of the City of Coppell, Texas.
SECTION 3.
That the City Manager be, and he is hereby, authorized and directed to
deliver a copy of this resolution, with Exhibit "A" attached, to First
Coppell Bank. The Bank shall, if it accepts the terms hereof, execute and
return a true copy of the resolution with Exhibit "A" attached to the City
Manager within five (5) business days after receiving the same.
SECTION 4.
This agreement shall be in effect and First Coppell Bank shall be the
City's depository bank for a two ~2) year period be§inninG December 1, 1991,
and ending November 30, 1993.
DULY PASSED AND APPROVED by the City Council of the City of Coppetl,
Texas, on the 8thday of October, 1991.
Mayor
ATTEST:
APPROVED AS TO FOI~I AND LEGALITY:
City Attorney -!
ACCEPTED AND APPROVED by First Coppell Bank on the .'~ th day of
BY: j
ATTEST: