The City of Coppell
File #: 2025-8163    Version: 1 Name: Depository Contract
Type: Agenda Item Status: Passed
File created: 7/15/2025 In control: Finance
On agenda: 8/12/2025 Final action: 8/12/2025
Title: Consider approval of a Resolution designating Frost Bank as the City Depository for a period of five years; and authorizing the Mayor to sign.
Attachments: 1. Memorandum for Depository Services.pdf, 2. Resolution.pdf, 3. Public Fund Agreements-City of Coppell.pdf

Title

Consider approval of a Resolution designating Frost Bank as the City Depository for a period of five years; and authorizing the Mayor to sign.

 

.Summary

See attached memorandum.

 

Fiscal Impact:

Comparing the 2020 contract to the 2025 contract for fees charged for services utilized by the City, it is estimated that overall fees will increase five percent (5%) as shown in the comparison of 2020 to 2025 fees included with the agenda item.

 

Staff Recommendation:

The Strategic Financial Engagement Department recommends approval of this item.

 

Strategic Pillar Icon:

Sustainable Government