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RE 2005-1025.1 A RESOLUTION OF THE CITY OF COPPELL, TEXAS RESOLUTION NO. 2bOS""/~2.s.1 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COPPELL, TEXAS, APPROVING THE BANK DEPOSITORY AGREEMENT AND DESIGNATING FROST NATIONAL BANK AS THE CITY DEPOSITORY; ADOPTING THE PROPOSAL ATTACHED HERETO AND MADE PART OF; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City has given notice and requested proposals from all the banks doing business within the City for provision of the City's depository and banking services, and WHEREAS, applications were received, opened and publicly accepted on September 6, 2005; WHEREAS, after review and consideration of the proposals received, it is the determination of the City Council that Frost National Bank be designated as the City Depository. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COPPELL, TEXAS: SECTION 1. That the proposal for City depository and banking services submitted by Frost National Bank be the agreement for City depository and banking services, and attached hereto and made a part hereof for all purposes be and the same are hereby approved. SECTION 2. That Frost National Bank shall be designated as the Depository for the funds of the City of Coppell, Texas, from and after the execution of the depository agreement and the effective date set forth therein. SECTION 3. That the bank shall qualitY as a Depository by providing security for the City's funds to be deposited with the bank within five (5) days after the date of the execution and return of the resolution by the bank in accordance with State Law. 1 SECTION 4. That the City Manager is hereby authorized to execute the agreement attached hereto and any other documents necessary to enter into the Depository Agreement designating Frost National Bank as the City's Depository Bank. This agreement is for a five (5) year period beginning December 1, 2005 and ending November 30,2010. DUL Y PAWED AND ADOPTED by the City Council of the City of Coppell, Texas, on the 2..<~ayof ~01JJI~ ,2005. ATTEST: ~..t /.gp A .t./. _ LIB YBAL, ITYSECRETARY APPROVED AS TO FORM: ROB~~Jb::ORNEY 2 DEPOSITORY AGREEMENT STATE OF TEXAS ~ ~ ~ KNOW ALL MEN BY THESE PRESENT: COUNTY OF DALLAS This agreement is made and entered into by and between the City of Coppell, Texas (hereinafter referred to as "City"), and Frost National Bank (hereinafter referred to as "Bank"), and to which witness the following: WHEREAS, the City received bids from banks desiring to be designated as the City Depository; and WHEREAS, on the 25th day of October, 2005, the Bank was designated as the City Depository for the City; now, therefore, in consideration of the mutual benefits, consideration, covenants and conditions contained herein, the parties agree as follows: 1. TERMS The Bank has been duly selected by the City as the Depository of certain funds of the City from the 1st day of December, 2005, through the 30th day of November 2010, or thereafter until the successor depository shall have been duly selected and qualified according to state law. This contract shall be automatically extended up to ninety (90) days if the City is actually proceeding with re-bidding procedures but, for whatever reason, cannot finalize the bidding or selection process by the end of the contract period. 2. TERMINATION The Bank or City may cancel this agreement at any time upon ninety (90) days prior written notice of its intent to terminate. 3. BANKING SERVICES TO BE PROVIDED The Bank agrees to provide the following materials and services without charge (Unless otherwise provided for in the attached Schedule of Fees): A. Customary demand deposit account services for as many accounts as may be required by the City. All account analysis charges will be waived for the first 90 days (three months) for the depository contract. B. Provide complete investment services including assistance in acqUlTIng investment securities, counseling, reporting and safekeeping services for securities owned. 1 C. Provide bank money orders, traveler's checks and cashier checks as required by the City. D. Provide a night depository and locking depository bags. E. All checks deposited by the City that do not clear the first time shall be submitted a second time before returning them to the City. Returned checks that don't clear on the second attempt shall be returned to the City within two business days. The City shall receive same day telephone notification of all returned items in excess of $5,000. F. Provide stop payment services via telephone or on-line notification. G. Provide wire transfer service. It is understood that the City of Coppell uses the wire transfer service as a means of accelerating various types of payments within one (1) hour of secondary approval. H. Provide montWy bank statements on each account within five (5) working days of closing date to the City of Coppell, Attn. Finance Dept, P.O. Box 9478, Coppell, TX 75019. Statements are to reflect transactions beginning with the first day of the month and ending with the last day of the month and include all accompanying checks and deposit tickets in numerical order. The City requires the copies of cleared checks be provided on CD-ROM. I. Provide collected and ledger balances as often as daily. 1. Provide ledger credit on the same day as deposits occur (holidays and weekends excepted). This includes same day credit on wire transfers on funds from Federal and State Governments, and same day credit on warrants issued by the State Comptroller. K. Provide remittance service to various paying agents for required principal and/or interest payments on bonds. L. Monitor City investment securities held by depository bank to provide same day credit to the appropriate City account( s) automatically upon maturities, and provide deposit slips at maturity dates. M. Honor Federal Reserve depository transfer checks drawn on the City's account which are authorized by the City. N. Provide coin wrappers and accept bulk coins for deposit. 2 O. Provide fire proof safekeeping and storage of City back -up data. P. Provide courtesy of cashing City employee's payroll checks. Q. Provide free checking accounts for City employees. R. Provide direct deposit payroll for City employees. S. Other Banking services available to full-time employees. (Attached) T. Supply deposit slips according to quality, quantity, design and specifications established by the City. U. Lock Box services when required. V. ACH services when required with BlockinglFiltering Capabilities. W. Daylight Overdrafts when required. X. Controlled Disbursement Accounts. Y. Zero Balance Accounts Z. Positive Pay services including payee comparison at no charge. AA. PC On-Line Banking BB. All other Bank services without charge except for those prohibited by State or Federal regulations or stated in the Schedule of Fees. 4. DEMAND ACCOUNTS Demand Deposit Account: This account will receive all deposits and wires. The Bank will initiate all transfers to the zero balance accounts daily. The rate of interest per annum the Depository shall pay the City is 35 basis points below the previous month's average of the three month U.S. Treasury Bills at weekly auction. In no event shall the interest rate be less than 2% during the term of this agreement. 3 5. CONTROLLED DISBURSEMENT ACCOUNTS General Account: This account will receive deposits transferred from the Operating Account for payment of the City's expenses. 6. ZERO BALANCE ACCOUNTS Payroll Account: This account will receive deposits transferred from the operating account for payment of the City's payroll. Self Funded Health Plan: This account will receive deposits transferred from the operating account for payment of insurance claims. 7. INTEREST RATE ON LOANS TO THE CITY Loans will be made to the City based on credit at a rate negotiated per annum to pay current operating expenditures as may be appropriated by ordinance with such loans to be repaid out of the first current tax collection. Loans will be made to the City based on credit at the rate negotiated per annum to pay non- operating expenditures and/or purchase equipment or other expenditures as may be appropriated by ordinance with such loans to be repaid on a scheduled basis as agreed to by the City and by the bank. 8. OVERDRAFTS IN DEMAND ACCOUNTS In the event a check is presented on any City account where there exists insufficient funds available for payment, the City will require the Depository to pay said checks and promptly notifY the Finance Department regarding the overdraft position. To the extent that overdrafts do exceed balances in other demand accounts, we will be charged Frost National Bank's Prime Rate per annum interest thereon. There is no charge for daylight overdrafts. 9. COLLATERAL SECURITIES FOR DEPOSITS The Bank shall furnish to the City collateral in an amount and conditioned as provided by the laws of Texas and pursuant to the Bank's "Security Agreement". The City will 4 accept as collateral for its certificates of deposits and other evidences of deposit the following securities: (All securities should be rated as to investment quality by a nationally recognized investment rating firm and having received a rating of not less than "A" or its equivalent). (The pledged securities must conform with the Public Funds Investment Act as amended, which includes but is not limited to the following). A. Obligations of the United States of American, its agencies and instrumentalities. B. Direct obligations of the State of Texas or its agencies and instrumentalities. C. Other obligations, the principal of and interest on which are unconditionally guaranteed by the State of Texas or United States of America. D. Obligations of the State, agencies thereof, Counties, Cities, and other political subdivisions of any state having been rated as investment quality by a nationally recognized investment rating firm, and having received a rate of not less than "A" or its equivalent. Certificates of Deposit and other evidences of deposit shall be collateralized at market or par, whichever is lower, for US. Treasury Bills, Notes and Bonds with a remaining maturity of three years or less and at 105% of market or par, whichever is lower, for other securities. All funds on deposit with the Bank to the credit of the City shall be secured by the Bank in accordance with and as provided for the in the Texas Public Funds Collateral Act (Chapter 2257 of the Texas Government Code, as amended). Collateral may be audited at least annually by the city's independent accountants and may be audited by the City at any time during normal business hours of the safekeeping bank. The audit of the collateral by the City's independent accountants of the City is to ascertain that Governmental Accounting Standards Board Statement #3 is adhered to and the financial institution is complying accordingly. The financial institution with which the City invests and/or maintains other deposits shall provide montWy, and as requested by the City, a listing of the City's certificates of deposit and other deposits at the institution and listing of the collateral pledged to the City marked to current market prices. The listing shall include total pledged securities itemized by: Name Type/description Par Value Current Market Value Maturity Date 5 The City and the financial institution shall assume responsibility for ensuring that collateral is sufficient. When the need for collateral with the Bank is expected to increase on any given day or over a series of days, the City hereby agrees to notifY the Bank of such expected increase at least one business day prior to the expected date the additional deposits are expected to be received. The Depository may substitute approved securities in the pledge account so long as the total value of securities pledged meets the required levels. Substitutions may be made after obtaining written authorization from the Director of Finance of the City of Coppell or his/her appointed designee. The Depository may also request permission to release securities whenever the total amount pledged is in excess of the City's requirements. There will be no charge for pledging, releasing, substituting and safekeeping of securities used to collateralize the City's accounts. The City will require the Bank to attach to the contract the certified resolutions of the board of directors that set forth the City's security interest in the collateral supporting City deposits as required in the Collateral Provision of FIRREA. The certification must meet all of the requirements of FIRREA and FDIC policies that apply to the City's security interest in the pledged collateral and must specifY the officers of the Bank who are authorized to sign agreements with the City. 10. SAFEKEEPING Securities pledged as collateral for certificates of deposit or other evidences of deposit and for repurchase agreements shall be retained in safekeeping in a third party safekeeping bank in the State of Texas, Federal Reserve Bank, or the Federal Home Loan Bank at no charge to the City. The investments purchased by the City, may be retained in a third party safekeeping bank or in the depository bank's trust department in the city's name. The City, the financial institution, and the safekeeping bank (s) shall operate in accordance with a "Safekeeping Agreement" signed by all three parties. The City shall always hold the original safekeeping receipt for its investments and for pledged collateral. The City's designated official (s) must approve release of collateral in writing prior to its removal from the safekeeping account. The "Safekeeping Agreement" shall clearly state the Federal Reserve Bank or the safekeeping bank is instructed to release the collateral to the City if the City has determined the Bank has failed to pay on any accounts, has been closed by a regulatory authority, or is in default of this agreement, and if the instructions for release have been formally requested by the City's governing body. The "Safekeeping Agreement" shall have the signatories from the Federal Reserve Bank as trustee, the Bank and the City. 6 11. INVESTMENTS The City of Coppell intends to manage its own investment portfolio. Therefore, the City reserves the right to withdraw, from time to time, any amount of funds of the City on deposit in any City account to invest those funds in accordance with the City's investment policy. A. Investments - General All investment decisions shall be approved by the City before execution. The City may order investments either by phone or by written notification. All investments purchased by the City shall be purchased "delivery versus payment". That is, the City shall authorize the release of it's funds only after it has received notification from the safekeeping bank that a purchased security has been received in the City's safekeeping account. This notification may be oral, but will be followed up in writing with the original safekeeping receipt. The City must have confirmation from its safekeeping bank that collateral pledged from a financial institution is in the City's account before investing in Certificates of Deposit or other evidences of deposit at the financial institution. The confirmation may be oral, but must be followed up in writing with the original safekeeping receipt. There will be no safekeeping fees when the Bank serves as the City's broker/dealer on an individual investment. B. Investments - Repurchase Agreements The Bank agrees to sell those US. Securities in which the City can legally invest its excess demand deposit balances to the City, on or before 3 :00 p.rn. each regular business day to provide overnight and weekend investments to the City through the use of an automatic sweep to a "repurchase agreement," and simultaneously, with the sale, agrees to repurchase on or before 11:00 a.rn. on the next following day of business, the same securities at the same price as sold, with interest calculated on the invested amount. Bank holidays falling on Friday or Monday will be included in the weekend "Repurchase Agreement" and the interest calculation for a weekend "Repurchase Agreement", including bank holiday, will be calculated on the invested amount. Interest earnings resulting from each repurchase agreement shall be paid to the City on the day of repurchase by providing deposit slips showing each account and the amount of interest deposited to the account. 7 The Bank agrees to pay the City interest on each repurchase agreement at the rate of 95% of the Fed Fund rate on the date which the repurchase agreement is executed. The City reserves the right to enter into repurchase agreements for periods of time longer than overnight and weekends as may be agreed upon by the financial institution and the City. 12. TIME DEPOSIT MATURITIES OCCURRING SUBSEQUENT TO DEPOSITORY AND BANK SERVICES AGREEMENT TERMINATION DATE All time deposits, certificates of deposit or other investment securities which have not matured on the termination date of the finally approved depository contract shall remain on deposit with the same depository under the same terms and conditions in effect during said contract until the date such time deposits have matured. 13. DEPOSIT OF FUNDS The City pledges to the depository that all funds over which the City has control will be deposited in the depository bank. The Bank agrees that the City reserves the right to invest the City's funds in lawful securities other than depository issued certificates of deposit with full cooperation of the depository bank. If requested by the City, depository bank agrees to assist the City in investing funds which are not invested in depository bank issued certificates of deposit. 14. MISCELLANEOUS A. The Bank shall use its best efforts to notifY the City in writing within ten (10) days of any changes in federal or state regulations or laws that would thereafter materially affect the depository agreement. The Bank shall also notifY the City of any services that become available to the City throughout the contract. B. This contract is governed by the laws of the State of Texas. Venue for any action to construe or enforce this Agreement shall be in Dallas County, Texas. C. There shall be a review of the services of the Bank at least annually to evaluate the working relationship between the City and the Bank. The objective of the review shall be to address any problems or issues, and to discuss the procedures involved in reaching a mutual resolution. D. The Bank will ensure this Agreement has been approved by the Board of Directors and such approval is evidenced by a resolution of the Bank's Board of Director's adopted at the meeting at which this Agreement was approved. This action is further reflected in the minutes of such meeting and such approval is binding on the Bank. 8 E. Any notice required to be given by any term of this Agreement or otherwise may be given as follows: City of Coppell Attention: Jennifer Armstrong, Director of Finance P.O. Box 9478 Coppell, Texas 75019 Frost National Bank Attention: Tom Frost, III, Executive Vice-President POBox 1600 San Antonio, TX 78296 EXECUTED in duplicate originals this ~day of J}-~ ~ , 2005. FROST NATIONAL BANK By: r0)___ ~~/X;~r --;;; ATTEST: By: . ~~ Secretary .9- APPROVED AS TO FORM: ~~ ADMINIDEPOSTRY.AGM By: - 10. CITY OF COPPELL, TEXAS By: ATTEST: ~,,~ - - ~l~ Frost Bank COMMERCIAL BANKING & TREASURY MANAGEMENT SERVICES SCHEDULE OF FEES AS OF SEPTEMBER 6, 2005 COMMERCIAL BANKING - Public Funds - City of Coppel! BALANCE INQUIRIES I TRANSFERS 24.hour Tele hone Account Information Line In uiries 24-hour Tele hone Account Information Line Transfers Customer Service Re .-Assisted In uiries Customer Service Re .-Assisted Transfers No char e No cha e No char No char e BLOCKED AND CONTROL ACCOUNTS Standard Aoreement Set!Jp $250.00/accounl Non-Standard Ar, reement Setu $500.00/accounl Monthlv Maintenance $25.00/accounl CHECK CLEARING & PROCESSING SERVICES Commercial Account Maintenance $4.00/account Cancelled Checks $2.00/accountlmonth Credits Posted $0.20/credit Debits Posled $0.03/debil Ilems DeDosiled (unencoded) See attached Tiered Pricing fDr Deoosiled Ilems Iisl Pre-encoded Reiect Ilems $0.10 + Dne dav-float Return Items $1.00/item Teleohone or Fax Notification $5.00/call or fax Reclear $1.00Iilem Special Signature Requirements $3.00/month + $0.03/ilem STATEMENTS Statements Rendered ND charae Duolicate Statements to Different Addresses $2.00 each SnaDshotlDuDlicate Statements $2.00 each COLLECTION SERVICES Collection Items (drafts, checks $15.00fltem Custodial Fee after due date of Foreian Documentaries $10.00/monlh/item Dealer Drafts $10.00/item Documentarv $80.00/ilem Foreian Checks $30.00fltem Immediate Credit Draft $10.00Iitem COMMERCIAL VAULT SERVICES " Currencv Deposits $0.25/$1.000.00 deDOsiled Full Fed Standard Bag of Coin DeDOsiled No charoe Partial Baa of Loose Coin Deoosited $2.50/bag (if less than $25.00 in coin, no charge) Plastic Baa Deoosit No charce Mall De osllorv PlckuD $2.50Ibao Special De osit Handline Fee $0.25/minute f$15.00Ihour) Decosll CorrectiDn $2.00/item Telephone Discrepancy Notification No charae Detailed Recorting $15.00/0rder Strapped Currency Furnished $0.30/slraD New or ATM Fit Currency Furnished $1.50/slraD Rolled Coin Furnished $0.06/roll Various Coin/Currency Supplies Available Uoon Reauest Prices varv Chance Order Minimum $5.00/order Cash Pavment for Change Order $5.00/order 1 TELLER SERVICES Branch Deposit Processing $1.00/deoosit Chance Order Minimum $5.00/order Rolled Coin Furnished $0.06lroll Strapped Currency Furnished $0.30Istra ~ Phone Initiated Outgoing Repetitive Fed Wire $9.00Iwire Outgoing Non.repetitive Fed Wire $11.00Iwire Incomina Fed Wire $5.00/transfer Intra-bank Non-reoetitive Transfers $4.00Itransfer Intra-bank Reoetitive Transfers $3.50/transfer Investiaations $20.00/hour (2 hour minimum) Mail Daily Wire Advice Statement $1.50Istatement Outaoino International Wire Mexico or Canada $15.00 All Other Countries $32.00 Phone Call Notification $5.00Icall Photocooies $3.00/ a e ADDITIONAL ACCOUNT SERVICES Account Research No charae ACH Blocking No charge Audit Confirmation $10.00Ihour Check/Document Photocopies From Microfilm $2.00/ilem Credit Investiaation Services $25.00Iinvesti ation FDIC Assessment Based on actual fee' Cashier's Check No charae Monev Order No charae Em lovee Check Cashing No charQe StOD Payment - Tele hone $10.00 each Non-sufficient Funds Charge No charae Overdraft Chall e $25.00/dav + interest (Frost Bank Prime Rate) Pavable Through Drafts $0.15ntem * All analyzed accounts are charged a monthly fee from FDIC insurance based on annual rates set by the FDIC, which is currently not being assessed. Frost Bank's FDIC assessment is calculated on a quarterly basis according to the ledger balance in the account at the end of the quarter. The charge is divided into three equal monthly payments and billed during the following quarter. Accounts opened during the quarter are assessed based on the monthly average ledger balance. ACCOUNT ANALYSIS RATES Average Ne ative Collected Balance Prior month's averaae Frost Bank Prime Earnings Credit Rate Based on prior month's average 91 day T -Bill discount auction rate olus 45 basis ooints Eaualization Factor No charge TREASURY MANAGEMENT SERVICES ACCOUNT RECONCiliATION Full Reconciliation $30.00Iaccount + $O.04litem Partial Reconciliation No setuD charge All-Items Outout - Transmission $25.00IaccounVmonth + $0.02litem Paid Item - Transmission $25.00IaccounVmonth + $O.02litem Site Reconciliation $25.00Iaccount + $0.04/item Serial Sort $25.00/account + $O.02litem Positive Pay With Full Reconciliation No charae to maintain file (see Positive Pav section for oar item fees) ACH (AUTOMATED CLEARING HOUSE) ACH Origination $10.00Imonth + $O.04litem ACH Operating Ruies. Corporate Edition No charae ACH Returned Items $1.00 each 2 Telenhone or Fax Notification $5.00/call or fax ACH Returned Items Electronic Renortina $25.00/accounUmonth ACH Credit $0.06/item ACH Debit $0.06litem Batch Innut ACH File Maintenance $10.00 each Batch Irmut Chanaina Effective Dates $10.00 each Batch Innut Entrv Reversal Alter Settlement Date $10.00 each Financial Electronic Data Interchanae-{FEDIl PaDer Advice Mailed $1.00/nane Financial Electronic Data lnterchanne IFEDI\ Re art $0.05litem Standin Instructions $5.00/transfer + $0.65/ACH item AUTOMATED SWEEP' Investment $50.00/month Line of Credit $125.00/month Line of Credit and Investment $150.00/month .Securities products are NOT FDIC inured. NOT guaranteed by Frost Bank, NOT products of Frost Bank and may Involve risk to principal amount invested. BALANCE/ACTIVITY REPORTING Cash Manager Previous Dav Balance/Activitv Summarv $50.00/month Accounts Reoorled No charae Data Exnorl Included with detail Previous Dav Denosit Detail $0.02litem Previous Dav Withdrawal Detail $0.02litem Current Dav RenorlinntCash Position Draw Reoortl No charae Account Ani:'-I~is Statement No chara. Checkinn Account Statement No charne Data Excha;:;;;e7lncominn> $35.00/accounUmonth + $0.03/item Data ExchaiiOeTOutaoii1a\ $35.00/accounUmonth + $O.03litem Data Ex""'rtlWithout Previous Dav Reoortinol $15.00/accounUmonth, + $0.03/item Financial Electronic Data Interchanne IFEDI\ Rennrt $O.05litem Imanes $O.05litem Positive P~Re'ect Reoort No charr e CD ROM IMAGE ARCHiVE CD-ROM Captured Imaged Items Through Regular Processing. Checks $0.02litem (or $0.05 if checks are returned) Not Retumed CD-ROM Service Per Disk No charae CD-ROM Imaned Archive Service for Existinn Customers $50.00/CD + $O.04/item Software for CD-ROM Imane Archive No cha e CONTROLLED DISBURSEMENTS Controlled Disbursements Tele hone Notification $25.00/accounUmonth $5.00/call POSITIVE PAY Posted Checks No charne With Full Reconciliation No charne to maintain file Adlustments to File After Receint No charae ExceDtloriTReieCtlitems $0.10/exceDtlon Item Positive pay software No chame Reiect Renort Fax $5.00Ifax Paid R8lect Item $1.00/item ACH Reverse Positive Pavor Check Blockino ExcentionlReieCifitem $0.10/excention item ($10.00 minimumlaccountlmonth\ Paid Reiect Item $1.00fitem Re;ect Renorl Fax $5.00Ifax STOP PAYMENT/CHECK INQUIRY Cash Manager Ston Pa~ent Initiation $5.00 each Check Status lnnuiries No chame St~P~nt Module No charae 3 ~ Also available through Cash Manager ACH Functionality TaxTel Automated Tax Pa entslSetu TaxTel Pa ent Transaction $3.00 each $3.00 each ~ Cash Manager Reoetitive Wire Initiation $5.00/wire Non-reoeutive Wire Initiation $7.00Iwire International Wires $15.00 to $32.00Iwire Book Transfer Initiation $0.50/lransfer Funds TransferlWire Module No charae Incamino Fed Wires $5.00Iwire Review of Wire Activity No char"" Standina Instructions $5.00llransfer + $11.00Iwire ZERO BALANCE ACCOUNT Zero Balance Account Primary No charae Zero Balance Account Secondary $10.00/accountlmonlh Zero Balance Account Transfer No charae 4 ~,,~ nk ~4l~ Frost Ba TIERED PRICING FOR DEPOSITED ITEMS - EXCEPTION PRICING SCHEDULE OF FEES AS OF September 6, 2005 City of Coppell DEPOSITED ITEMS Per Item ENCODED UNENCODED On us $0.010 $0.030 Local Renional Check Processinn Center IRCPCl $0.020 $0.040 Other 11'" Fed ciiV $0.030 $0.050 Transit Cleariri"" $0.030 $0.050 11'" Fed CounlrV $0.030 $0.050 Olher11 Fed RCPC $0.030 $0.050 Local cTtV $0.015 $0.035 Local Statewide Clearinn $0.010 $0.030 t'~~ Frost Bank "i4l~ RETAIL LOCKBOX SCHEDULE OF FEES AS OF September 6, 2003 City of Coppell LOCK BOX PROCESSING Retail Monthlv Maintenance (includes one address) 100.00/box Retail Item 0.18f1tem Retail UnDrocessed 0.10fltem Retail CorresDondence 0.18f1tem Retail Box Rental Actual Cost Retail Return EnveloDe* 0.05f1tem Retail Cash ProcesslnQ* 1.00fltem Retail Check On Iv 0.20/item MultiDles (checks and/or invoices) 0.28/ltem Credit Card ProcessinQ 0.35f1tem INTERNET REPORTING Imaoe Delivery-Internet 75.00/boxlmonth RetaillmaQe CaDture - Check 0.0075/ltem Retaillmaae Capture CouDOn 0.0075/item CD-ROM IMAGES CD-ROM Monthly 25.00/boxlmonth CD-ROM Weekly 8.00/CDlweek CD-ROM Dailv 5.00/CD/dav RETAIL CD IMAGES Check - (1 100,000) 0.0075/item Check - (100,001 and above) 0.005f1tem CouDon - (1 100,000) 0.0075/item CouDDn - (100,001 and abovel 0.005/item LOCKBOX REPORTING (WHOLESALE AND RETAIL) Data Transmission 100.00/boxlmonlh Data Entrv. Keystroke 0.01/keystroke MICR CaDture 0.10mne E-mail Delivery 50.00/boxlmonth Fax ReDor! Per Day 5.00/day Fax Photocopy. Per Sheet 2.00/sheet Local T eleDhone Per Dav 5.00/dav Lona Distance Telephone Per Dav 7.50/day ADDITIONAL SERVICES Postaae Actual Cost Courier/Express Mail Actual Cost Branch Delivery 60.00/boxlmonth .Special Services - Case by Case ~,,~ ~l~ Frost Bank CUSTODY SERVICES SCHEDULE OF FEES AS OF SEPTEMBER 6. 2005 City of Coppell MONTHLY SERVICE CHARGES Account maintenance $1 a.OO/account Receipts held durina month Book entry fixed income securities $O.60/receiDt Book. entry ecuitv securities $1.50/receiot Phvsical securities $2.00/receiDt Asset Value as of month end Book entry securities $0.01/$10,000 Dar outstandina Physical securities $0.10/$10,000 oar outstandina Safekeepina on.line $50.00/manth CLEARANCE FEES TRADES WITH FROST SANK FRS non.ASS/MSS No charge FRS ASS/MSS No charge Non-FRS non-ASS/MaS No charae Nan-FRS ASS/MSS No charae Physical Items No charae TRADES WITH OTHER BROKERS FRS nan-ASS/MSS $20.00/transaction FRS ASS/MSS $25.00Itransaction Non-FRS non-ASS/MBS $30.00Itransaction Non-FRS ASS/MSS $35.00Itransaction Phvsical items $75.00/transaction Late deliverv instructions $25.00/transaction Chance deliverv instructions $25.00/transaction TRANSACTIONAL FEES Interest payment $1.00/transaction Principal payment $a.OO/transaction Called bond redemPtions $10.00/transaction Maturities $ 1 O.OO/transaction Wire fee additional $ 11 .OO/transaction Cashier's check additional $ 1 O.OO/transaction Soecial handline charae - additional $20.00/transaction Proxies/annual statements $3.00/transaction T reasurv Auctions $50.00/transaction .;I.::Illctl~l_ Pledae $6.00/transaction Release $6.00/transaction Substitution $ 1 2.00/transaction OVER THE COUNTER COLLECTIONS Cou ons Bonds $20.00/envelo e $20.00/bond cor us + osta e and insurance OTHER SERVICES Reaistrations and re.reaistrations $35.00/transaction Physical examination of securities $25.00/transaction Reoraanization - tender and exchana es $35,OO/transaction Account verification statements (free auarterly) $ 2, 50/transaction Account research $25.00/hDur INDIRECT INQUIRIES FOR LOST OR STOLEN SECURITIES Semi-annual char e In uir $25.00Itransaction $3.00/transaction ~,~ Frost Bank f'(,~ BANK AT WORK WITH DIRECT DEPOSIT Direct Deposit of paycheck required Free Checking Unlimited transactions Free Visa Checkcard Free My Frost Internet Banking Free Online Statement Delivery Free A 1M transactions at Frost A TMS Discounted ATM transactions at participating HEB and HEB Pantry Stores Free Bank at Work gift with Frost logo Free first order of bank stock checks Free My Frost Bill Pay (if opt for Online Statement Delivery) $10 discount on first year's rent of safe deposit box 1/4% discount on personal loans with auto debit (excluding HELOC) $750 discount on GMAC mortgage closing costs, or 1/8th% discount on rate Free investment consultation with a Frost Financial Management Group Professional Free wire transfers within the United States Free stop payments Child's savings account with no monthly service charge Free Travelers Checks, official/cashier checks and money orders Dedicated Frost Banker to attend to your financial needs No Frost service fee on non-Frost A1Ms (up to 4 per statement cycle) ~''& F B 1 ""..~ rast an ( BANK AT WORK Free Checking Unlimited transactions Free Visa Checkcard Free My Frost Internet Banking Free Online Statement Delivery Free ATM transactions at Frost ATMs Discounted A TM transactions at participating HEB and HEB Pantry Stores Free Bank at Work gift with Frost logo Free first order of bank stock checks $10 discount on first year's rent of safe deposit box 114% discount on personal loans with auto debit (excluding HELOC) $750 discount on GMAC mortgage closing costs, or 1I8th% discount on rate Free investment consultation with a Frost Financial Management Group Professional Free wire transfers within the United States Free stop payments Child's savings account with no monthly service charge Free Travelers Checks, official/cashier checks and money orders Dedicated Frost Banker to attend to your financial needs