Title
Approving a resolution with the caption reading: RESOLUTION OF THE CITY OF PFLUGERVILLE, TEXAS AUTHORIZING THE CITY MANAGER TO EXTEND THE CONTRACT FOR BANKING SERVICES.
Summary
The end of this fiscal year will complete the third year of the City's contract with First Texas Bank for the City's banking services. The original contract with First Texas Bank was a three-year agreement, including provisions to extend the contract for two additional one-year terms. This resolution would allow the City Manager to execute the first one-year term extension on this agreement. The City Attorney has reviewed this resolution.
Fiscal Impact
There is no fiscal impact as a result of this action.
Staff Recommendation
Staff recommends approval of this item.
Drafter
Lauri Gillam
Assistant City Manager