Title
Approving the transfer of depository services to Wells Fargo.
Summary
PCDC currently uses First Texas Bank for depository services. With the transfer of the financial services to the City finance department, there is a need to transition the depository services to align with the City's depository provider.
Prior Action
PCDC amended the City Service Agreement on March 20, 2024
Funding Expected: Revenue __ Expenditure __ N/A _X_
Budgeted Item: Yes __ No __ N/A _X_
Amount:
1295 Form Required? Yes __ No __
Legal Review Required: N/A _X_ Required __ Date Completed: ____
Supporting documents attached:
N/A
Recommended Action
Approve the transition of depository services to Wells Fargo.