- Meeting Date:
- 02/03/2009
- Submitted For:
- Marty Salazar
- Submitted By:
- Ramon Vela, PURCHASING DEPT.
- Department:
- PURCHASING DEPT.
Information
CAPTION
A. Response received from First National Bank regarding County request to renegotiate current agreement for an additional two (2) year term;
1. negotiation team report and recommendation; if necessary;
2. approval of renewal contract with current depository; or , in the alternative;
B. Authority to advertise Bank Depository and/or Remittance Processing (Lockbox) and/or Other Agreements (i.e. Trust Account Services) pursuant to Texas Local Government Code, Chapter116: Depositories for County Public Funds" with proposed publication dates of:
1. 2-07-09, 2-14-09 & 2-21-09 with application acceptance date on CC meeting/agenda of 3-03-09; or
2. 2-14-09, 2-21-09 & 2-28-09 with application acceptance date on CC meeting/agenda of 3-10-09;
C. Appointment or designation of "evaluation Committee" to score, grade and evaluate applications:
1. same as "negotiation team" members; or,
2. others
BACKGROUND
A. Status report on Option available to Counties under Texas Local Government Code 116-Depository and Sub depository Contracts more specifically contracting terms detailed in Chapter 116-Depository and Sub depository Contracts more specifically contracting terms detailed in Chapter 116.021 (a) (b) (c);
1. Renegotiated current agreement for and additional 2 year term;
B. Authority to Advertise Bank Depository and/or Remittance-Processing (Lock-box) 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);
C. Approval of the proposed advertising dates for Bank Depository and/or Remittance-Processing (Lock- box) Agreement Specification Packets subject to legal review and therefore the publication dates proposed are:
1. February 7th, 14th. and 21st. with acceptance date for bank applications/proposals/bids at CC meeting of 3-3-09 pursuant to 116
D. Appointment or designation of "Evaluation Committee" to score and evaluated Bank Depository & Remittance-Processing (lock- box) Bank Applications filed with the Court;
Notes: 1. Historically Hidalgo County Investment Committee (comprised of the County
Treasurer, County Auditor and County Judge) including Purchasing Dept. and
County Tax Assessor as consultant to Evaluation Committee;
2. In recent past County Judged has chosen not participate in Evaluation
Committee in as much as a member of Commissioner Court which will
select and award;
Evaluation Committee Members:
1. __________________________________
2. __________________________________
3. __________________________________
4. __________________________________
5. __________________________________
Fiscal Impact
- FISCAL YEAR:
- 2009
- ACCT. #:
- 9-1100-415-18-160-001-0-540
- FUNDS AVAILABLE Y/N?:
- y
- MATCHING FUNDS Y/N?:
BUDGETARY IMPACT:
Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Purchasing / Internal | msalazar | 01/29/2009 03:46 PM |
| Budget and Management | Veronica Lopez | 01/29/2009 04:24 PM |
| Auditor's Office | 01/30/2009 05:06 PM |
- Form Started By:
- rvela
- Started On:
- 01/28/2009 03:29 PM
- Final Approval Date:
- 01/30/2009