HomeMy WebLinkAboutRES 10-236 RESOLUTION NO.10-236
WHEREAS, on August 29, 2006, City Council passed Resolution No. 06-255
authorizing the execution of a depository agreement with Capital One Bank for the period
commencing October 1, 2006, to September 30, 2009,with two(2)additional one(1)year
renewal options by mutual consent of both parties; and
WHEREAS, on September 8, 2009, City Council passed Resolution No. 09-267
exercising the first one (1) year renewal option; and
WHEREAS, the City wishes to exercise the second one (1) year renewal option;
NOW, THEREFORE, BE IT RESOLVED
BY THE CITY COUNCIL OF THE CITY OF BEAUMONT:
THAT the statements and findings set out in the preamble to this resolution are
hereby, in all things, approved and adopted; and
THAT the City Manager be and he is hereby authorized to exercise an option to
extend the current Bank Depository Agreement with Capital One Bank for one (1)
additional year.
PASSED BY THE CITY COUNCIL of the City of Beaumont this the 14th day of
September, 2010.
/� - Mayor Becky Ames -