AI- 14824
22.J.4.
CC REGULAR
- Meeting Date:
- 04/07/2009
- Submitted For:
- Marty Salazar
- Submitted By:
- Gricelda Villarreal, PURCHASING DEPT.
- Department:
- PURCHASING DEPT.
Information
CAPTION
A. Report from Commissioners Court's assigned "committee" on the negotiations conducted with the applicant, First National Bank, Edinburg, Texas; if, applicable:
B. Acceptance of final negotiated rates, fees, terms, and conditions, award, and/or approval of the final negotiated Hidalgo County Depository Bank, Remittance Processing (Lockbox), and, if applicable, Trust Services and, Related Agreements with First National Bank, Edinburg with the effective date upon expiration of current agreement and expiring on Commissioners Court's May term of ______; or, in the alternative,
C. Recommendation to cease negotiations with the First National Bank, Edinburg, Texas and re-advertise pursuant to Chapter 116, Texas Local Government Code, for the selection of a County Depository Bank.
B. Acceptance of final negotiated rates, fees, terms, and conditions, award, and/or approval of the final negotiated Hidalgo County Depository Bank, Remittance Processing (Lockbox), and, if applicable, Trust Services and, Related Agreements with First National Bank, Edinburg with the effective date upon expiration of current agreement and expiring on Commissioners Court's May term of ______; or, in the alternative,
C. Recommendation to cease negotiations with the First National Bank, Edinburg, Texas and re-advertise pursuant to Chapter 116, Texas Local Government Code, for the selection of a County Depository Bank.
BACKGROUND
Fiscal Impact
- FISCAL YEAR:
- 2009
- ACCT. #:
- 9-1100-415-15-140-002-0-350
- FUNDS AVAILABLE Y/N?:
- Y
- MATCHING FUNDS Y/N?:
BUDGETARY IMPACT:
In accordance with current depository agreement with FNB, contract #C-05-087-05-10, lockbox fees may be applicable.Available Balance as of 4-2-09 $27,016.00
Other funding sources for other fees, if applicable, are to be determined once contract negotiations are finalized and final contract is executed with depository bank.
Pending negotiations between Hidalgo County and First National Bank are forthcoming and will be discussed at Commissioners' Court to ascertain contractual obligation and budgetary impact.
Attachments
No file(s) attached.
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Purchasing / Internal | msalazar | 04/02/2009 01:11 PM |
| Budget and Management | Ivan Cantu | 04/02/2009 01:18 PM |
| Auditor's Office | 04/03/2009 04:09 PM |
- Form Started By:
- gvillarreal
- Started On:
- 04/01/2009 07:40 AM
- Final Approval Date:
- 04/03/2009