2008-067s.\our documents\ordinances\08\wachovia dep cxLdoc
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ORDINANCE NO. ZDOB OHO
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS,
AUTHORIZING THE CITY MANAGER, OR HIS DESIGNEE, TO EXECUTE AONE-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, 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 first one=
year extension which will begin June 1, 2008 and ending May 31, 2009; NOW, THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
SECTION 1. The City Manager, or his designee, is authorized to execute a First
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, 2009, 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; 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.
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SECTION 3. The City Manager, or his designee, is authorized to make the expenditure I
of fiords 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
20~.
~~T~'~
PERRY R. MCNEILL, MAYOR
i
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s:Aour Aowments\ordinancesV08\wachovia dep e#.doc
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
... ~.,.~~a~.'~?au~
APPROVED AS TO LEGAL FORM:
EDWIN M. SNYDER, CITY ATTOR
BY:
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s:bur documcnts\conhacts\08\wachovia dep extdoc
FIRST AMENDMENT TO DEPOSITORY SERVICES CONTRACT
STATE OF TEXAS
COUNTY OF DENTON
This First 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 an additional one-year term beginning June 1, 2008 and ending
May 31, 2009.
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, WITNESS of which this Contract has been executed on this the 1.=~ of
j, 2008 by the duly authorized officers of Depository and City.
CITY OF DENTON:
By: L~-~
eorge .Campbell
City Manager _
Address:
City of Denton
215 E. McKinney
Denton, Texas 76201
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
BY:
s:bur documrnisbonhacts~DB\wachovia dep ezt.doc
APPROVED AS TO LEGAL FORM
EDWIN M. SNYD , CTTY TTORNEY
BY:
WACHOVIA BANK, N.A.
By:
Autho''/ri~~zed Signature '~ 1.
Name: Y~Y1C~Y'ftiJ ~. J~SKiVIS
Title: ~tttor U(~2 RrPS~c~en~'
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