HomeMy WebLinkAboutResolution No. 2011-038CITY OF THE COLONY
RESOLUTION NO. °N 011- M
A RESOLUTION OF THE CITY OF THE COLONY, TEXAS,
EXTENDING THE DEPOSITORY CONTRACT FOR THE CITY OF
THE COLONY WITH JPMORGAN CHASE BANK FOR ANOTHER
YEAR; AUTHORIZING THE CITY MANAGER TO EXTEND THE
DEPOSITORY CONTRACT AND OTHER APPROPRIATE
DOCUMENTS AFTER APPROVAL AS TO FORM BY CITY
ATTORNEY; AND PROVIDING AN EFFECTIVE DATE.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF THE
COLONY, TEXAS:
SECTION 1: That a two (2) year depository contract for the City of The Colony
was with JPMorgan Chase Bank, dated May 7th, 2007 with the option of three one year
extensions. This resolution will extend the contract for the third and final year for the
period beginning July 1; 2011. That the City Manager is hereby authorized to extend the
depository contract for another year as specified in the original contract and other
appropriate documents after approval as to form by the City Attorney.
SECTION 2: This Resolution shall take effect immediately from and after its
passage by the City Council of the City of The Colony, Texas.
DULY PASSED AND APPROVED by the City Council of the city of The
Colony, Texas this 7tl' day of June 2011.
ATTE )T:
~ristie Wilson, City Secretary
APPROVED AS TO FORM:
~ C
(Jeff Moor, City Attorney