Title
Consider approval of a Resolution designating Frost National Bank as the City Depository for a period of four (4) years and eleven (11) months; and authorizing the Mayor Pro Tem to sign.
.Summary
See attached memorandum.
Fiscal Impact:
Comparing the 2015 contract to the 2020 contract for fees charged for services utilized by the City, it is estimated that overall fees will decrease eighteen percent (18%) as shown in the comparison of 2015 to 2020 fees included with the agenda item.
Staff Recommendation:
The Finance Department recommends approval of this item.
Strategic Pillar Icon:
Foundation: Sustainable Government