2003-049AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS,
AUTHORIZING THE CITY MANAGER OR HIS DESIGNEE TO EXECUTE A ONE-YEAR
EXTENSION TO THE DEPOSITORY SERVICES CONTRACT WITH TEXAS BANK; AND
PROVIDING AN EFFECTIVE DATE.
WHEREAS, on February 1, 2000, the City of Denton and Texas Bank entered into a
Depository Services Contract whereby Texas Bank was designated as the primary depository for
operations and payroll accounts and banking and depository services beginning March 1, 2000
and ending February 28, 2002, with three possible one-year extensions of the Contract not to
extend beyond February 28, 2005, in accordance with the requirements of Chapter 105 of the
Local Government Code; and
WHEREAS, the City and Texas Bank desire to initiate the second one-year extension
which will begin March 1, 2003 and ending February 28, 2004;
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
SECTION 1. The City Manager or his designee is author/zed to execute a First
Amendment To The Depository Services Contract between the City of Denton and Texas Bank
extending the term of the Contract to February 28, 2004, a copy of which is attached hereto and
made a part hereof for all purposes.
SECTION 2. The City Manager is authorized expend funds as required by the
Depository Services Contract as amended.
SECTION 3.
approval.
PASSED AND APPROVED this the
200 .
This ordinance shall become effective immediately upon its passage and
/~'~ day of /~/~/~4~ ,
ELrLINE BROCK, MAYOR
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
y ,
APPROVED AS TO LEGAL FORM:
HERBERT L. PROUTY, CITY ATTORNEY
FIRST AMENDMENT TO DEPOSITORY SERVICES CONTRACT
STATE OF TEXAS
COUNTY OF DENTON
This First Amendment to that certain Depository Services Contract executed on February 1, 2000
between the City of Denton, Texas, a municipal corporation located in the State of Texas,
hereinafter referred to as "City," and Texas Bank, a bank located in the State of Texas,
hereinafter referred to as "Depository"; said Contract hereinafter referred to as "Contract":
NOW, THEREFORE, under the conditions and for the considerations hereinafter expressed, the
parties hereby agree as follows:
ARTICLE 1. In accordance with Article 1 "Selection and Term" of the Contract, the
Contract is hereby extended for an additional one-year term beginning March 1, 2003 and ending
February 28, 2004.
ARTICLE 2. That 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 ~ day of
~F/2t:72/~ ,20 0~ by the duly authorized officers of Depository and City.
CITY OF DENTON:
~Aa 'i~r°~n~) '~
Address:
City of Denton
215 E. McKinney
Denton, Texas 76201
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
APPROVED AS TO LEGAL FORM:
HERBERT L. PROUTY, CITY ATTORNEY
BY:
TEXAS BANK
BY:Aut~
Name: Charles E.
Cox
Title: Chief Financial Officer
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