HomeMy WebLinkAbout056 - 07/06/1993 - AMENDING ORDINANCE NO. 113, 1988 TO EXTEND THE CONTRACT FOR DEPOSITORY AND BANKING SERVICES TO DECEM ORDINANCE NO. 56, 1993
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AMENDING ORDINANCE NO. 113, 1988
TO EXTEND THE CONTRACT FOR DEPOSITORY AND BANKING SERVICES
TO DECEMBER 31, 1993
WHEREAS, Ordinance 113, 1988, awarded the City's Depository and Banking
Services contract to First Interstate Bank of Fort Collins for a period of five
(5) years; and
WHEREAS, the term of that contract will expire on September 30, 1993; and
WHEREAS, extending the term of the contract for three (3) months will
result in a savings of approximately Fifteen Thousand Five Hundred Dollars
($15,500) and will allow the next Depository and Banking Services contract to
coincide with the City's budget year; and
WHEREAS, it is in the best interest of the City to extend the term of the
contract to December 31, 1993.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS
as follows:
Section 1. That Ordinance No. 113, 1988, is hereby amended to extend the
term of the contract for Depository and Banking Services with First Interstate
Bank of Fort Collins from September 30, 1993, to December 31, 1993.
Section 2. That the Purchasing Agent be, and he hereby is, authorized to
execute such documents as are necessary to extend the contract with First
Interstate Bank of Fort Collins for Depository and Banking Services from
September 30, 1993, to December 31, 1993.
Introduced, considered favorably on first reading, and ordered published
this 15th day of June, A.D. 1993, and to be presented for final passage on the
6th day of July, A.D. 1993. j
ATTEST:
--mayor
City Clerk
Passed and adopted on final reading this day of July, A.D. 1993.
ATTEST: �✓
City Clerk