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AI- 8552   4. A. 1.    
Commissioners Court - Regular
Meeting Date: 06/21/2017  
Select Depositories for Nueces County and the Court Registry Depository
Submitted By: Steve Waterman, Commissioners Court Admin
Department: Commissioners Court Admin  

Information
RECOMMENDATION
Discuss and consider selection of the Nueces County Bank Depository and the Nueces County Clerk and District Clerk Registry Funds Depository, in accordance with chapter 116 and 117 of the Texas Local Government Code.
BACKGROUND
The application period for depositories closed on Tuesday, May 16, 2017, at 5:00 p.m.  Notice was published in the Corpus Christi Caller-Times on April 12, April 19, and April 26 2017.  On May 31, 2017, the Court selected the Investment Committee members to serve as the evaluation committee and review applications in order to make recommendations to Commissioners Court.  The Evaluation Committee met on Tuesday, June 13, 2017 to review applications.
DISCUSSION

The Court received applications (read into the minutes on May 31, 2017), from Frost Bank and Wells Fargo Bank.


Budget Information
Information about available funds
Budgeted: Funds Available: Adjustment: Amount Available:
Unbudgeted: Funds NOT Available: Amendment:
Account Code(s) for Available Funds
1:
Fund Transfers

Attachments
No file(s) attached.

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