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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