RES 1387 05/26/2009 RESOLUTION NO. 1387
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CIBOLO,
GUADALUPE COUNTY, TEXAS, AWARDING THE CITY'S BANK
DEPOSITORY SERVICES CONTRACT; AND PROVIDING AN
EFFECTIVE DATE.
WHEREAS, the City of Cibolo, Texas, is a Home Rule Municipality located in Guadalupe
County, Texas, created in accordance with provisions of the Texas Local Government Code and
operating pursuant to its adopted City Charter and all applicable laws and enabling legislation of
the State of Texas; and
WHEREAS, the City of Cibolo, Texas, is governed by a Home Rule Charter that was approved
by the Citizens of Cibolo in a duly called election held on September 11,2004; and
WHEREAS, Chapter 105 of the Texas Local Government Code limits the term of a bank
depository contract to five years; and
WHEREAS, the current bank depository services agreement with Schertz Bank & Trust expires
on June 30, 2009, with no option for renewal; and
WHEREAS, staff has advertised for, solicited by Request For Proposal, and received five
proposals for Bank Depository Services; and
WHEREAS, staff has reviewed the submitted proposals and determined that, based on the
evaluation criteria, Schertz Bank&Trust's proposal represents the "best value"to the City.
THEN BE IT RESOLVED BY THE CITY COUNCIL OF CIBOLO TEXAS:
Section 1. That the City Council hereby awards the contract for the City's Bank Depository
Services to Schertz Bank&Trust for the two-year period of July 1, 2009 through June 30,2011,
with the option of the City to extend for three additional one-year periods.
Section 2. The City Manager is hereby authorized to execute any documents necessary to finalize
this award.
Section 3. This resolution shall become effective from and after its adoption and it is so ordered.
APPROVED AND ADOPTED by a vote of 6 for to_0 against this 26t" day of May, 2009.
APPROVED:
yor Je fer Hartman
ATTEST:
1�
Peggy Cimics, City Secretary