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RESOLUTION 2004- 31 R <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS, APPROVING THE TERMS AND CONDITIONS OF A LETTER <br />AGREEMENT EXTENDING AN AGREEMENT BETWEEN THE CITY AND <br />WELLS FARGO BANK TEXAS, N.A. TO RENEW A CONTRACT FOR THE <br />PROVISION OF BANK DEPOSITORY SERVICES; AUTHORIZING THE <br />PURCHASING MANAGER TO EXECUTE THE LETTER AGREEMENT ON <br />BEHALF OF THE CITY AND DECLARING AN EFFECTIVE DATE. <br /> <br />RECITALS: <br /> <br /> 1. On March 27, 2000 the City approved a contract (the "Contract") with Norwest <br />Bank Texas, N.A. for the provision of bank depository services. <br /> <br /> 2. On or about April 14, 2000 Norwest Bank Texas, N.A. became Wells Fargo <br />Bank Texas, N.A. <br /> <br /> 3. On July 14, 2003 the both parties agreed to extend the contract for an <br />additional year in accordance with the terms of the Contract. <br /> <br />4. Both parties agree to a renewal of the Contract for a final year. <br /> <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS: <br /> <br /> PART 1. The extension of the term of the Contract between the City and Wells <br />Fargo Bank, N.A. is approved. <br /> <br /> PART 2. The Purchasing Manager, Cheryl Pantermuehl, is authorized to <br />execute a letter agreement for this extension on behalf of the City. <br /> <br /> PART 3. <br />after its passage. <br /> <br />This Resolution shall be in full force and effect immediately from and <br /> <br />ADOPTED this the 23rd day of <br /> <br />February 2004. <br /> <br />Robert Habingroither <br />Mayor <br /> <br />Atteo.:o* ,, ,/ / . <br /> <br /> // <br />Janis K. Womack <br />City Clerk <br /> <br /> <br />