HomeMy WebLinkAboutResolution 2004-060
Resolution No. 2004- 060
WHEREAS, the City of North Richland Hills, Texas has advertised for and received proposals
for Bank Depository Services; and
WHEREAS, four banks submitted proposals prior to the deadline of August 3, 2004 and such
proposals have been reviewed and analyzed by the Director of Finance, the Accounting
Manager, and the Budget Manager; and
WHEREAS, the results of the analysis of the proposals were presented to the City's
Investment Committee; and
WHEREAS, the City Council finds the proposal of Bank of America to be the best proposal, to
provide the greatest overall value, and to contain the most favorable terms for the City.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF NORTH RICHLAND HILLS,
TEXAS, THAT:
1.
The City Manager be and is hereby authorized to execute the Bank Depository Contract
between the City of North Richland Hills and Bank of America, as the act and deed of the City.
PASSED AND APPROVED this 13th day of September 2004.
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Patricia Hutson, City Secretary
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APPROVED AS TO CONTENT AND FORM:
Larry Koo e, Director of Finance