AI - 17710
5.
DRAINAGE DISTRICT
- Meeting Date:
- 09/29/2009
- Submitted For:
- Marty Salazar
- Submitted By:
- Marty Salazar, PURCHASING DEPT.
- Department:
- PURCHASING DEPT.
CAPTION
Pursuant to the current agreement titled "Depository Bank Contract", (Page 1, Section 3.), a request by FNB for Hidalgo County Drainage District Board of Directors to substitute a Depository Pledge Agreement as required on Page 2, Sections 6. & 7. currently with Amegy Bank for Collateral with a new Depository Pledge Agreement with The Independent Bankers Bank (TIB) and thus complying with FNB's obligations under the Depository Bank Contract with HCDD #1 including authority for Chairman of the Board, Board Member(s) or County Treasurer to execute documents (three originals) if necessary.
BACKGROUND
Fiscal Impact
- FISCAL YEAR:
- ACCOUNT #:
- FUNDS AVAILABLE? Y/N:
- MATCHING FUNDS? Y/N:
BUDGETARY IMPACT:
We are unaware of any budgetary impact (expense) directly attributable to DD#1 for this action.Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Budget and Management | Erika Zamora | 09/24/2009 01:44 PM |
| Final Approval | 09/25/2009 04:30 PM |
- Form Started By:
- msalazar
- Started On:
- 09/24/2009 11:13 AM
- Final Approval Date:
- 09/25/2009