RE 2020-1208.2 Frost National Bank City DepositoryRESOLUTION OF THE CITY COUNCILOF THE CITY COPPELL,
TEXAS, APPROVING THE TERMS AND CONDITIONS OF THE BANK
DEPOSITORY AG'EEMENT AND SECURITY AGREEMENTBY AND
FROSTBETWEEN BANK;R1' PARTY CUSTODIAN
AGREEMENT 1 ATTACHMENTS THERETO,1 AMONG
FROSTBANK, THE BANK OF NEW YORK1
COMPANY) HERETO AND
INCORPORATED r i C AND C, RESPECTIVELY;
1 AUTHORIZING THE CITY MANAGER TO SIGN SUCH
AGREEMENTS; AND, PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City of Coppell published a Request for Proposals soliciting bank
services; and,
WHEREAS, Frost Bank, submitted a proposal that is the most qualified and meets the
minimum requirements required by the City of Coppell; and
WHEREAS, the City Council of the City of Coppell after reviewing the same, authorizes
the City Manager to execute Bank Depository Agreement, Security Agreement and Third -Party
Custodian Agreement.
NOW, THEREFORE,BE RESOLVED 1 OF THE CITY OF
COPPELL, TEXAS, THAT:
SECTION 1. That the City of Coppell hereby approves the terms and conditions of the
Bank Depository Agreement and Security Agreement by and between Frost Bank; and a Third
Party Custodian Agreement and attachments thereto, by and among Frost Bank, The Bank of
New York Mellon Trust Company N.A. which are attached hereto and incorporated herein as
Exhibits A, B and C, respectively; and, authorizing the City Manager to sign such agreements.
SECTION 2. This resolution shall become effective immediately upon approval.
DULY PASSED and approved by the City Council of the City of Coppell, Texas, on this
the SUI day of` 2020.
1 •'
APPROVED:
%a_
Mark I fill, Mayor Pro Tem
TM 118789
ATTES
Ashley Owens, C'ty Secretary
APPROV s TO FORM:
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Robert F;. F'. I lager, Ci Attorney
KINTRIF.M.9