HomeMy WebLinkAboutResolution 1994-012
RESOLUTION NO 94-12
WHEREAS, the City of North Richland Hills, Texas has
advertised for and received bids (in the form of Requests for
Proposals) for Bank Depository Contracts; and
WHEREAS, three banks had submitted bids prior to the
deadline of March 15, 1994 and such bids have been reviewed and
analyzed by the Director of Finance and the City Manager; and
WHEREAS, the City Council finds that the bid of NationsBank
of Texas, N.A. submitted by its local branch at 6851 Northeast
Loop 820, North Richland Hills, Texas was the best bid and
contained the most favorable terms for the City.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF NORTH RICHLAND HILLS, TEXAS, that:
1.
The Mayor be and is hereby authorized to execute the BANK
DEPOSITORY CONTRACT (with Exhibits A - G attached thereto)
between this City and NationsBank of Texas, N.A., as the act and
deed of the City.
PASSED AND APPROVED THIS 28th day of March, 1994.
APPROVED:
~.~
Tommy Brow - Mayor
ATTEST:
Secretary
APPROVED
Rex M