Pursuant to Texas Local government code, Chapter 116, including Section .024 - Selection of Depositories and Sub-depositories, discussion, consideration and action, including, but not limited to the following:

1. (a) At the meeting at which banks are to be selected as county depositories, the commissioners court shall:

a.  enter in the minutes of the court all applications filed with the county judge; meeting of  CC  3-12-13 announcing the submission of four (4) applications and one letter from: BBVA-Compass, Frost Bank, Inter National Bank, Lone Star National Bank and letter from First National Bank;

b. consider all applications and presentation of scoring grid by the Grading Committee for the purpose of ranking the qualified applicant(s) that offer the most favorable terms and conditions for the handling of county funds;

2. Authorization for the grading committee to proceed to finalize a depository bank contract and a lockbox agreement Hidalgo County and/or Hidalgo County Drainage District #1 (if applicable) commencing with the highest ranked applicant.