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39.

Meeting Date:	03/31/2015
Bank Depository Services and or Bank Sub Depository Services for Williamson County
Submitted By:	Brenda Fuller, Purchasing
Department:	Purchasing
Agenda Category:	Regular Agenda Items

Information

Agenda Item

Discuss, consider, and take appropriate action on authorizing Purchasing Agent to advertise and receive proposals for RFP # 15RFP120, Bank Depository Services and/or Bank Sub-Depository Services for Williamson County.

Background

The initial term of this contract wioll be four (4) years beginning August 1, 2015 and ending July 31, 2019, ending sixty (60) days from the time fixed by law for the next selection of a depository. If a timed deposit maturity extends beyond the expiration date of the depository contract, the Bank will pledge sufficient securities required by law for public funds to Williamson County to provide for the maturity of the timed deposit. The contract shall allow the County to establish, on the basis of negotiations with the bank, new interest rates and terms with the bank for the final two (2) years of the four (4) year contract as established in 116.021 (b) of the Local Government Code of the State of Texas.

Fiscal Impact

From/To	Acct No.	Description	Amount

Attachments
Proposal package

Form Review

Inbox	Reviewed By	Date
Purchasing (Originator)	Kerstin Hancock	03/25/2015 12:58 PM
County Judge Exec Asst.	Wendy Coco	03/26/2015 10:06 AM
Form Started By: Brenda Fuller		Started On: 03/25/2015 11:47 AM
Final Approval Date: 03/26/2015