2009-047sAour documents\ordinances\09\wachovia banicdoc
ORDINANCE NO. -
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS,
AUTHORIZING THE CITY MANAGER, OR HIS DESIGNEE, TO EXECUTE A SECOND
ONE-YEAR EXTENSION TO THE DEPOSITORY SERVICES CONTRACT WITH
WACHOVIA BANK, N.A.; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, on June 6, 2006, the City of Denton and Wachovia Bank, N.A. entered into
a Depository Services Contract whereby Wachovia Bank, N.A. was designated as the primary
depository for operations and payroll accounts, banking, depository, safekeeping, lockbox,
merchant and internet credit card payment services beginning June 1, 2006 and ending May 31,
2008, with three possible one-year extensions of the Contract not to extend beyond May 31,
2011, in accordance with the requirements of Chapter 105 of the Local Government Code; and
WHEREAS, the City of Denton and Wachovia Bank, N.A. desire to initiate the second
one-year extension which will begin June 1, 2009 and ending May 31, 2010; NOW,
THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
SECTION 1. The City Manager, or his designee, is authorized to execute a Second
Amendment to the Depository Services Contract between the City of Denton and Wachovia
Bank, N.A. extending the term of the Contract to May 31, 2010, a copy of which is attached
hereto and made a part hereof for all purposes.
SECTION 2. The following officials: George C. Campbell, City Manager; Jon Fortune,
Assistant City Manager; Howard Martin, Assistant City Manager; Fred Greene, Assistant City
Manager; and Bryan Langley, Director of Finance are hereby authorized to transact business
with the above listed institution regarding daily banking transactions or investments for the City
of Denton.
SECTION 3. The City Manager is authorized to make the expenditure of funds and fees
and take the actions as required by the Depository Services Contract as amended.
SECTION 4. This Ordinance shall become effective immediately upon its passage and
approval.
PASSED AND APPROVED this the day of AAf _'2009.
sAour documents\ordinances\09\wachovia bank.doc
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
BY: Q~,N\U APPR D AS LEGAL FORM:
ANITA BURGESS, CITY ATTORNEY
BY:
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sAour documents\contracts\09\wachovia dep ext.doc
SECOND AMENDMENT TO DEPOSITORY SERVICES CONTRACT
STATE OF TEXAS
COUNTY OF DENTON
This Second Amendment to that certain Depository Services Contract executed on June 6, 2006
between the City of Denton, Texas, a municipal corporation located in the State of Texas,
hereinafter referred to as "City," and Wachovia Bank, N.A., a bank located in the State of Texas,
hereinafter referred to as "Depository"; said Contract, including all agreements executed
pursuant to the Contract, are hereinafter referred to as the "Contract";
NOW, THEREFORE, under the conditions and for the considerations hereinafter expressed, the
parties hereby agree as follows:
SECTION 1. In accordance with Article 1 "Selection and Term" of the Contract, the
Contract is hereby extended for a second one-year extension which will begin June 1, 2009 and
ending May 31, 2010.
SECTION 2. Save and except as amended hereby, all the remaining articles, terms,
conditions, sections, sentences, clauses, and phrases of the Contract shall remain in full force and
effect.
IN W TNESS of which this Contract has been executed on this the of
2009 by the duly authorized officers of Depository and City.
CITY OF DENTON:
By:
George . Campbell
City Manager
Address:
City of Denton
215 E. McKinney
Denton, Texas 76201
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
BY: Mu /ill 1ka,"
sAour documentskontracts\Mwachovia dep ext.doc
APPROVED AS TO LEGAL FORM
ANITA BURGESS, CITY ATTORNEY
BY: r
WACHOVIA BANK, N.A.
r
By:
Auto orized Signature
Name: _ yNg~rEw ~e S ~'n5
Title: (J2in~v ~r- I (43- fps i d ~
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