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AI- 35757
Purchasing Department   23.A.4.
CC REGULAR
Meeting Date:
01/22/2013
Submitted For:
Martha L. Salazar
Submitted By:
Yolanda Velasquez, PURCHASING DEPT.
Department:
PURCHASING DEPT.

Information

CAPTION

Presentation for discussion, consideration and approvals in connection with: Bank Depository and/or Remittance Processing (Lockbox) Agreement including but not limited to, the following:

a. Authority to Advertise Bank Depository and/or Remittance Processing (Lockbox) Agreement pursuant to Texas Local Government Code, Chapter 116 (Vernon 1988 and Supp. 1999), "Depositories for County Public Funds" (copies of Chapter 116 and proposed ad copy attached hereto);

b. Approval of the proposed advertising dates for Bank Depository and/or Remittance Processing (Lockbox) Agreement Specifications Packets subject to legal review and therefore the publication dates proposed are:
1.  January 26,  February 02 and February 09 with acceptance date for bank of applications/proposals/bids at CC Agenda Meeting of February 26, 2013; or, 
2.  February 02nd, 09th and  16th with acceptance date for bank of applications/proposals/bids at CC Agenda Meeting of March 05, 2013 pursuant to 116.

c. Appointment or designation of  "Evaluation Committee" to score and evaluate Bank Depository & Remittance-Processing (Lockbox) Bank Applications filed with the Court;
 
Notes:
1. Historically Hidalgo County Investment Committee (comprised of the County Treasurer, County Judge, & Budget Officer) including Purchasing Department, and County Tax Assessor as consultant to Evaluation Committee:

2. In recent past County Judge has chosen not to participate in Evaluation Committee inasmuch as a member of Commissioner Court which will select and award;

a. ___________________________
b. ___________________________  
c. ___________________________
d. ___________________________
e. ___________________________

BACKGROUND


Fiscal Impact

FISCAL YEAR:
2013
ACCT. #:
3-1100-415-15-140-002-0-350
FUNDS AVAILABLE Y/N?:
Y
MATCHING FUNDS Y/N?:

BUDGETARY IMPACT:

PO #685598 for First National Bank in Edinburg; funds available as of 1-18-13

FISCAL YEAR:
2013
ACCT. #:
3-1100-415-00-115-002-0-856
FUNDS AVAILABLE Y/N?:
Y
MATCHING FUNDS Y/N?:

BUDGETARY IMPACT:

Funds available as of 1-18-13; funds budgeted under "Co. Wide Adm.-Bank Fees" will be transferred to cover bank fees assessed for each respective dept. on an "as needed" basis.

Attachments

Form Review

Inbox Reviewed By Date
Purchasing / Internal dbetancourt 01/10/2013 01:54 PM
Budget and Management Obdett Calzada 01/10/2013 02:16 PM
Purchasing / Internal msalazar 01/18/2013 11:14 AM
Auditor's Office Alejandro Garcia 01/18/2013 05:27 PM
Form Started By:
Yolanda Velasquez
Started On:
12/13/2012 01:27 PM
Final Approval Date:
01/18/2013