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<br />I <br /> <br />I <br /> <br />I <br /> <br />36. <br /> <br />RESOLUTION 2006 -1 0 R <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS, APPROVING A DEPOSITORY SERVICES AGREEMENT <br />BETWEEN THE CITY AND BANK OF AMERICA, N.A.; AUTHORIZING <br />THE CITY MANAGER TO EXECUTE THIS AGREEMENT ON BEHALF OF <br />THE CITY AND DECLARING AN EFFECTIVE DATE. <br /> <br />RECITALS: <br /> <br />1. The City requested applications for the provision of depository services in <br />accordance with Chapter 105 of the Texas Local Government Code. <br /> <br />2. Three banks submitted applications for the provision of depository services <br />and City staff has evaluated and ranked each application. <br /> <br />3. The City has determined that Bank of America, N.A. submitted the best <br />application based on its strength of services, innovative technology used to safeguard the <br />City's assets, and cost of services. <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br /> <br />PART 1. The attached Depository Services Agreement between the City and <br />Bank of American, N.A. is approved. <br /> <br />PART 2. The City Manager, Dan O'Leary, 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 17th <br /> <br />day of January, <br /> <br />~ <br /> <br />Susan Narvaiz <br />Mayor <br /> <br />2006. <br /> <br /> <br />Attest: ~ \ <br />rfJtJ/llY) i ~{)~~/}1/u,)I~ <br />i/ <br />Janis K. Womack <br />City Clerk <br />