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<br />19. <br /> <br />RESOLUTION 1999- 239 R <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS, APPROVING A LETTER AGREEMENT WITH NORWEST BANK <br />TEXAS N.A. TO EXTEND THE DEPOSITORY BANKING SERVICES <br />AGREEMENT; AUTHORIZING THE CITY MANAGER TO EXECUTE THE <br />AGREEMENT ON BEHALF OF THE CITY AND DECLARING AN <br />EFFECTIVE DATE. <br /> <br />RECITALS: <br /> <br />1. On December 13, 1994 the City of San Marcos entered into an agreement <br />with Victoria Bank and Trust Company for the provision of depository banking services. <br /> <br />2. On November 25, 1997, Norwest Bank Texas N.A. ("Norwest Bank") <br />assumed responsibility for the depository agreement with the City by virtue of its acquisition <br />of ownership of Victoria Bank and Trust Company. <br /> <br />3. The City and Norwest Bank wish to amend the agreement to extend the term <br />of the agreement for three months. <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br /> <br />PART 1. <br />approved. <br /> <br />The attached letter agreement between the City and Norwest Bank is <br /> <br />PART 2. The City Manager, Larry D. Gilley, is authorized to execute the <br />agreement on behalf of the City. <br /> <br />PART 3. This Resolution shall be in full force and effect immediately from and <br />after its passage. <br /> <br />ADOPTED this the 6th day of December 1999. <br /> <br />fd~~ <br /> <br />Billy G. Moore <br />Mayor <br /> <br />Attest: <br /> <br />~UY'~?f/1I~ <br /> <br />Ja~~ i~. Womack <br />City Secretary <br />