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:

A. TX Local Gov't Code-Chapter/Section 116.024(a) At the meeting at which banks are to be selected as county and/or drainage district #1 depositories, the commissioners court shall:
 

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

(2) consider all applications and presentation of scoring grid from the grading committee for the purpose of ranking and/or award;

(3) select the qualified applicant(s) that offer the most  favorable terms and conditions for the handling of county and/or drainage district #1 funds;

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