HomeMy WebLinkAbout02-1138 11-12-2002RESOLUTION NO. 02 -1138
A RESOLUTION PERMITTING CONSIDERATION OF APPLICATIONS
FROM BANKS, CREDIT UNIONS, OR SAVINGS ASSOCIATIONS
DOING BUSINESS WITHIN EULESS, HURST, BEDFORD,
COLLEYVILLE, OR GRAPEVINE CITY LIMITS
WHEREAS, Local Government Code, Chapter 105.011 states that before awarding a
depository services contract to a depository, the goveming body of a municipality shall receive
applications for the performance of depository services from one or more banks, credit unions, or savings
associations, and
WHEREAS, the governing body may consider the application of a bank, credit union, or savings
association that is not doing business within the municipality if:
(1) the bank, credit union, or savings association maintains a place of business within the state
and offers within the state the services required by the depository services contract; and
(2) the governing body, prior to giving the notice required by Section 105.012, has adopted a
written policy expressly permitting the consideration of applications received by the
municipality from a bank, credit union, or savings association that is not doing business within
the municipality, after taking into consideration what is in the best interest of the municipality
in establishing a depository, and
WHEREAS, the governing body deems it to be in the best interest of the City of Euless to permit
applications from banks, credit unions or savings associations doing business within the city limits of
Euless, Hurst, Bedford, Colleyville or Grapevine,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EULESS:
That depository applications will be requested, received, and reviewed from banks, credit unions
or savings associations doing business within the city limits of Euless, Hurst, Bedford, Colleyville or
Grapevine.
PASSED AND APPROVED at a regular meeting of the Euless City Council on the 12th day of
November, 2002 by a vote of 7 ayes, 0 nays, and 0 abstentions.
APPROVED:
Mary Lib leh, Mayor
ATTEST:
n Crim, MC, City Secretary