R-84-632 - 8/23/1984NNE LAND, City
WHEREAS, Chapter 1, Section 13, Code of Ordinances, City of Round Rock,
Texas, provides that the City Council shall select a City Depository for the
custody of City funds, and
WHEREAS, the City has duly advertised for bids from banking firms
authorized to submit such bids, and
ATTEST:
RESOLUTION 'NO:r R
WHEREAS,
favorable bid, and
WHEREAS
S,
he CCiitty desires to accept the
G ZGt U
BE IT RESOLVED BY THE �//
That the bid of 2Q/ C �;�L ' ��Z7� is hereby accepted
and said institution is hereby selected as the official depository of the
City of Round Rock, Texas, for the period beginning October 1, 1984, through
September 30, 1986.
RESOLVED this 23rd day of August, 1984.
ecretary
, Now Therefore
COUNCIL OF THE CITY OF ROUND ROCK, TEXAS,
bid of (
KE ROBINSON, Mayor
City of Round Rock, Texas
has submitted the most
Gentlemen:
CITY COUNCIL
CITY OF ROUND
ROUND ROCK, TEXAS
DEPOSITORY BID FORM
The undersigned, a state savings and loan association, herein-
after called Bidder, for the privilege of acting as Depository
of the City of Round Rock, Williamson County, Texas, hereinafter
called the City, for a term of two years, beginning October
1, 1984, and ending September 30, 1986, and for the further
privilege of receiving all funds, at its option to place on
demand or interest bearing time deposits, Bidder will pay City
as follows:
1. Single maturity time deposits of $100,000.00 or more:
1.55% more er- 1-ess (strike out one) than the asked rate
for U.S. Treasury Bills as stated in the Wall Street Journal
maturing closest to the maturity date of the time deposit
being purchased.
2: Single maturity time deposits of less than $100,000.00:
1.55% more e- 1-e (strike out one) than the asked rate
for U.S. Treasury Bills as stated in the Wall Street Journal
maturing closest to the maturity date of the time deposit
being purchased.
3. Bidder will pay the City interest on demand balances at
the rate of 8% interest on net daily average ledger balances
on all City accounts, and paid monthly. For all City
demand accounts which have a monthly average ledger balance
below $2,500.00, the Bidder will pay the City interest
at the rate of 5.25 %.
4. Capitol City Savings Prime interest rate to be paid by
City to Bidder on overdrafts or their equivalent. (Over-
draft as used in this paragraph shall mean that City does
not have a compensating balance in other funds or accounts
in the then current year in Bidder's bank.)
5. Bidder will make a short -term loan to the City for a maximum
amount of $2,000,000.00 at the greater of Capitol City
Saving's prime rate or 1% more than the City's composite
time deposit rate of comparable maturity. Loans will
be 110% collaterlized by acceptable collateral. All
loans to the City will be in the form of properly executed
promissory notes for any legal purpose, as stated under
present Texas laws.
r 6. • Bidder will charge City
y $0.00 for keeping City's deposit
records and accounts for the period covered by this bid.
Included in and required as a part of this duty are the
following:
(a) Preparation of Monthly Statements showing debits,
credits and balance of each separate fund.
(b) Preparation of all accounts, reports, and records.
(c) Preparation of such other reports, accounts and records
which may, from time to time, be required by City
in order to properly discharge the duties as provided
by law of Depository.
(d) Furnishing of the quantity, quality and type of checks
necessary for City's use during the period for which
this bid is submitted.
7. Bidder shall furnish to City a bond, or in lieu thereof
pledged approved securities in an amount sufficient as
determined by the City Council of City to adequately protect
the funds of the City deposited with Bidder. City reserves
the right to alter from time to time the required amount
of securities to be sufficiently adequate to protect said
funds and to approve or reject the securities so pledged.
Acceptable securities may include bonds of the United
States, or obligations issued or fully guaranteed as to prin-
cipal and interest by the Government National Mortgage
Association, the Federal Home Loan Mortgage Corporation
or the Federal National Mortgage Association, or the bonds
of the State of Texas, or the bonds of any county, city,
town, or independent' school district in the state. Bidder
shall have the right and privilege of substituting securities
upon obtaining the approval of City, provided the total
amount of securities deposited is adequate as herein pro-
vided.
8. This bid was requested by City and is made by Bidder with
the expressed agreement and understanding that City reserves
the right that if any portion or provision of this bid
and /or any contract between Bidder and City entered into
by virtue thereof is invalid, the remainder of this bid
and /or resulting contract at the option of the City shall
remain in full force and effect, and not be affected by
said invalid portion or provision.
Dated this 23rd day of August, 1984.
BIDDER: CAPITOL CITY SAVINGS ASSOC ION
BY: William D. Taylor
TITLE: Senior Vice President
Capitol City Savings 1205.Round Rock Avenue
P.O. Box 909
Round Rock; Tx. 78680
(512) 244-2202
August 23, 1984
City Council
City of Round Rock
214 E. Street
Round Rock, Texas 78664
Attn: Mr. Sam L. Huey
CCS Finance Director
Capitol City Savings appreciates the opportunity to bid for the pri-
viledge of acting as Depository for the City of Round Rock.
Please find enclosed the Depository Bid Form provided us by the City
in original form save the following three changes and /or additions:
#3 Interest will be earned on demand accounts on the ledger balances,
as opposed to collected balances. As ledger balances are always
higher than collected balances, the City's income will be greater.
#5 Short term loans will be 110% collateralized by collateral that
is acceptable to the City.
#7 Securities pledged by our Association may include: Government
National Mortgage Association securities, Federal Home Loan
Mortgage Corporation certificates, and Federal National Mortgage
Association securities. These could be used in addition to
those so stated in the City bid futm.
Also, Capitol City Savings is pleased to offer above and beyond the bid,
at no charge to the City, a Payroll Direct Deposit Program. The benefits
and advantages to all City employees include:
- A free checking account with no minimum requirements ( there
would tea minimum charge for check printing only)
- 5.25% interest compounded daily and paid monthly on each
employee checking account
- A free 24 hour Pulse card for each employee with their checking
account. Pulse permits the employee to make deposits, withdrawals,
inquiries into account balances or make transfers from one account
to another 24 hours a day.
- Round Rock banking hours are Monday - Friday 8:00 a.m. to 6:00 p.m.
and from 9:00 a.m. to 1:00 p.m. Saturday with Drive -Thru facilities.
For your review we are enclosing our most recent Statement of Condition
as of June 30, 1984. Capitol City Savings is proud of our financial
strength and our full service commitment to the City of Round Rock.
Should you have any questions regarding the process I shall be most
pleased to address this for you.
Very truly yours,
nl iam D. '.ylor
Senior Vice Presid
WDT /db
AL
ccs
Statement of Condition
June 30
1984 1983
ASSETS
First Mortgage Loans $ 75,071,000 $ 63,632,000
All Other Loans, Less Discounts 5,950,000 2,984,000
Cash on Hand in Banks 2,300,000 1,434,000
Notes Receivable 4,897,000 5,583,000
Real Estate Owned —0— —0—
Stock in Federal Home Loan Bank 770,000 648,000
Investments and Securities 22,420,000 16,266,000
Furniture, Fixtures, Equipment and
Leasehold Improvements, Less Depreciation 2,387,000 638,000
Intangible and Other Assets 9,601,000 12 866 000
TOTAL ASSETS $123,396,000 $104,051,000
LIABILITIES AND NET WORTH
Savings Accounts $ 99,347,000 $ 71,778,000
Advances from Federal Home Loan Bank 8,900,000 12,099,000
Securities Sold under Agreement to Repurchase 2,980,000 10,611,000
Other Borrowed Money —0— 3,211,000
Other Liabilities 2,902,000 1,841,000
Total Liabilities 114,129,000 99,540,000
Net Worth
Capital Stock 659,000 659,000
Paid -in Surplus 1,030,000 1,030,000
Legal Reserve, Reserve for Contingencies 308,000 269,000
Undivided Profits 7,270,000 2,553,000
Total Net Worth 9,267,000 4,511,000
$123,396,000 $104,051,000
TOTAL LIABILITIES AND NET WORTH
BRANCH
Northwest Branch
Balcones at Northland
Phone: (512)451 -0261
Southwest Branch
Across from
Westgate mall
Phone: (512) 892 -1921
Spicewood Branch
12860 Research Blvd.
Phone: (512) 250 -1191
DIRECTORS
Joe T. Ogden, Chairman
William C. Horabin
Kyle A. Baker
William D. Taylor
Marilyn S. Dildy
Dr. James R. Fricke
George A. Montz
Dr. Ernest W. Walker
HOME OFFICE
919 Congress
P.O. Box 1525
Austin, Texas 78767
Phone: (512) 478 -1607
OFFICES
Highland Mall Branch
6413 Airport Blvd.
Phone: (512) 459 -3256
Lake Creek Branch
1205 Round Rock Ave.
Phone: (512) 244 -2202
North Austin Branch
Ohlen Road and
Highway 183
Phone: (512) 837 -5048
Wells Branch
14611 FM. Rd. 1325
Phone: (512) 255 -0886
Member FSLIC
Equal Housing Lender
Equal Opportunity Employer
CCS
STATEMENT OF CONDITION
June 30, 1984
Capitol City Savings
y - 1
CITY COUNCIL
CITY OF ROUND ROCK
ROUND ROCK, TEXAS .
of 680,000.
DEPOSITORY BID FORM
Gentleman:
The undersigned, a (state) (..uti. banking corporation, hereinafter called
Bidder, for the privilege of acting as Depository of the City of Round Rock,
Williamson County, Texas, hereinafter called City, for a term of two years,
beginning October 1, 1984, and ending September 30, 1986, and for the further
privilege of receiving all funds, at its option to place on demand or interest
bearing time deposits, Bidder will pay City as follows:
1. Single maturity time deposits of $100,000.00 or more: (See Appendix A.)
- -- % more or less (strike out one) than the asked rate for
U. S. Treasury Bills as stated in the Wall Street Journal maturing
closest to the maturity date of the time deposit being purchased.
2. Single maturity time deposits of less than $100,000.00: (See Appendix A.)
-0 : % more or less (strike out one) than the asked rate for
U. S. Treasury Bills as stated in the Wall Street Journal maturing
closest to the maturity date of the time deposit being purchased.
3. Bidder will pay the City interest on demand balances at the rate
of 7 % interest on net daily average collected balances
on all City accounts, compounded daily and paid monthly. For all
City demand accounts which have a net daily average collected
balance below $2,500.00, the Bidder will pay the City interest
•
at the rate of 5 1/2 %.
4. interest rate to be paid by City to Bidder on overdrafts
or their equivalent. (Overdraft as used in this paragraph shall
mean that City does not have a compensating balance in other funds
or accounts in the then current year in Bidder's bank.)
5. Bidder will make short - term loans to the City for a maximum amount
at 7 % arms. less (strike out
one) than the prime interest rate as stated in the Wall Street Journal
on the day the loan is made. All loans to the City will be in the
form of properly executed promissory notes for any legal purpose,
as stated under present Texas laws.
6. Bidder will charge City - for keeping City's deposit records
and accounts for the period covered by this bid. Included in and
required as a part of this duty are the following:
(a) Preparation of Monthly Statements showing debits, credits and
balance of each separate fund.
(b) Preparation of all accounts, reports, and records.
(c) Preparation of such other reports, accounts and records which may,
from time to time, be required by City in order to properly discharge
the duties as provided by law of Depository.
(d) Furnishing of the quantity, quality and type of checks necessary
for City's use during the period for which this bid is submitted.
7. Bidder shall furnish to City a bond, or in lieu thereof pledged approved
securities in an amount sufficient as determined by the City Council of
City to adequately protect the funds of the City deposited with Bidder.
City reserves the right to alter from time to time the required amount
of securities to be sufficiently adequate to protect said funds and
to approve or reject the securities so pledged. Acceptable securities
may include bonds of the United States, or bonds of the State of Texas,
or bonds of any county, city, town, or independent school district
in the state. Bidder shall have the right and privilege of substituting
securities upon obtaining the approval of City, provided the total
amount of securities deposited is adequate as herein provided.
8. This bid was requested by City and is made by Bidder with the expressed
agreement and understanding that City reserves the right that if any .
portion or provision of this bid and /or any contract between Bidder
and City entered into by virtue thereof is invalid, the remainder of
this bid and /or resulting contract at the option of the City shall
remain in full force and effect, and not be affected by said invalid
portion or provision.
Dated this the 23rd day of August , 1984.
BIDDER:
AMERICAN BANK ROUND ROCK
BY: /;/ ��rJGL�✓
TITLE: S Vice President
IAA American Bank
nd
A Momentum Bank
APPENDIX A
1. American Bank Round Rock will purchase Treasury Bills or issue
CD's at the asked rate quoted in the Wall Street Journal, date
closest to the maturity date requested, at no expense to the
City of Round Rock. If these rates exceed the legal maximum
rate the Bank will pay the legal maximum rate.
POST OFFICE BOX 368 • ROUND ROCK, TEXAS 78680 -0368 • (512) 255-3622
American Bank
ftund
A Momentum Bank
P. 0. BOX 368
ROUND ROCK, TEXAS 78680-0368
( 1 •
DEPOSITORY BID FOR THE CITY OF ROUND ROCK, TEXAS
WILLIAMSON COUNTY, TEXAS
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CITY COUNCIL
CITY OF ROUND ROCK
ROUND ROCK, TEXAS
DEPOSITORY BID FORM
Gentleman:
The undersigned, -a (state) (national) banking corporation, hereinafter called
Bidder, for the privilege of acting as Depository of the City of Round Rock,
Williamson County, Texas, hereinafter called City, for a term of two years,
beginning October 1, 1984, and ending September 30, 1986, and for the further
privilege of receiving all funds, at its option to place on demand or interest
bearing time deposits, Bidder will pay City as follows:
1. Single maturity time deposits of $100,000.00 or more:
.60 Z more or ilia (strike out one) than the asked rate for
U. S. Treasury Bills as stated in the Wall Street Journal maturing
closest to the maturity date of the time deposit being purchased.
2. Single maturity time deposits of less than $100,000.00:
.60 8 more or:1 Ssst(strike out one) than the asked rate for
U. S. Treasury Bills as stated in the Wall Street Journal maturing
closest to the maturity date of the time deposit being purchased.
3. Bidder will pay the City interest on demand balances at the rate
of 8.00 Z interest on net daily average collected balances
on all City accounts, compounded daily and paid monthly. For all
City demand accounts which have a net daily average collected
balance below $2,500.00, the Bidder will pay the City interest
at the rate of 8.00 Z. -
4. - 0 - interest rate to be paid by City to Bidder on overdrafts
or their equivalent. (Overdraft as used in this paragraph shall
mean that City does not have a compensating balance in other funds
or accounts in the then current year in Bidder's bank.)
5. Bidder will make short - term loans to the City for a maximum amount
o f legal lending limit at 2
z
or less (strike out
one) than the prime interest rate as stated in the Wall Street Journal
on the day the loan is made. All loans to the City will be in the
form of properly executed promissory notes for any legal purpose,
as stated under present Texas laws.
6. Bidder will charge City _p_ for keeping City's deposit records
and accounts for the period covered by this bid. Included in and
required as a part of this duty are the following:
(a) Prepa of Monthly Statements showing debits, credits and
balance of each separate fund.
(b) Preparation of all accounts, reports, and records.
(c) Preparation of such other reports, accounts and records which may,
from time to time, be required by City in order to properly discharge
the duties as provided by law of Depository.
(d) Furnishing of the quantity, quality and type of checks necessary
for City's use during the period for which this bid is submitted.
7. Bidder shall furnish to City a bond, or in lieu thereof pledged approved
securities in an amount sufficient as determined by the City Council of
City to adequately protect the funds of the City deposited with Bidder.
City reserves the right to alter from time to time the required amount
of securities to be sufficiently adequate to protect said funds and
to approve or reject the securities so pledged. Acceptable securities
may include bonds of the United States, or bonds of the State of Texas,
or bonds of any county, city, town, or independent school district
in the state. Bidder shall have the right and privilege of substituting
securities upon obtaining the approval of'City, provided the total
amount of securities deposited is adequate as herein provided.
8. This bid was requested by City and is made by Bidder with the expressed
agreement and understanding that City reserves the right that if any
portion or provision of this bid and /or any contract between Bidder
and City entered into by virtue thereof is invalid, the remainder of
this bid and /or resulting contract at the option of the City shall
remain in full force and effect, and not be affected by said invalid
portion or provision.
Dated this the 23rd day of August , 1984.
BIDDER: FRONTIER NATIONAL BANK ROUND ROCK, TEXAS
BY: BOB E. LIVELY
TITLE: PRESIDENT
` CITY' OF ROUND ROCK
FRONTI
NATIONAL BANK',
R O U N D RO'C K
P.O. Box 38
Round Rock, Texas 78680 -0038
v • •,
CITY COUNCIL
CITY OF ROUND ROCK
ROUND ROCK, TEXAS
DEPOSITORY BID FORM
Gentleman:
The undersigned, al(}im, (national) banking corporation, hereinafter called
Bidder, for the privilege of acting as Depository of the City of Round Rock,
Williamson County, Texas, hereinafter called City, for a term of two years,
beginning October 1, 1984, and ending September 30, 1986, and for the further
privilege of receiving all funds, at its option to place on demand or interest
bearing time deposits, Bidder will pay City as follows:
1. Single maturity time deposits of $100,000.00 or more:
- D - Z more or less (strike out one) than the asked rate for
U. S. Treasury Bills as stated in the Wall Street Journal maturing
closest to the maturity date of the time deposit being purchased.
2. Single maturity time deposits of less than $100,000.00:
- 0- Z more or less (strike out one) than the asked rate for
U. S. Treasury Bills as stated in the Wall Street Journal maturing
closest to the maturity date of the time deposit being purchased.
3. Bidder will pay the City interest on demand balances at the rate
of 9.0 Z interest on net daily average collected balances
accrued
on all City accounts,loommoundosidaily and paid monthly. For all
City demand accounts which have a net daily average collected
balance below $2,500.00, the Bidder will pay the City interest
. at the rate of 5.25 Z.
4. Same as 115 interest rate to be paid by City to Bidder on overdrafts
or their equivalent. (Overdraft as used in this paragraph shall
mean that City does not have a compensating balance in other funds
or accounts in the then current year in Bidder's bank.)
5. Bidder will make short -term loans to the City for a maximum amount
of $400,000 at 70 Z aaxaxaxx*Aaaxkatityikex
m o m
prime interest rate as stated in the Wall Street Journal
on the day the loan is made. All loans to the City will be in the
form of properly executed promissory notes for any legal purpose,
as stated under present Texas laws.
6. Bidder will charge City No Service for keeping City's deposit records
Charge
and accounts for the period covered by this bid. Included in and
required as a part of this duty are the following:
(a) Preparation of Monthly Statements showing debits, credits and
balance of each separate fund.
(b) Preparation of all accounts, reports, and records.
(c) Preparation of such other reports, accounts and records which may,
from time to time, be required by City in order to properly discharge
the duties as provided by law of Depository.
(d) Furnishing of the quantity, quality and type of checks necessary
for City's use during the period for which this bid is submitted.
7. Bidder shall furnish to City a bond, or in lieu thereof pledged approved
securities in an amount sufficient as determined by the City Council of
City to adequately protect the funds of the City deposited with Bidder.
City reserves the right to alter from time to time the required amount
of securities to be sufficiently adequate to protect said funds and
to approve or reject the securities so pledged. Acceptable securities
may include bonds of the United States, or bonds of the State of Texas,
or bonds of any county, city, town, or independent school district
in the state. Bidder shall have the right and privilege of substituting
securities upon obtaining the approval of City, provided the total
amount of securities deposited is adequate as herein provided.
8. This bid was requested by City and is made by Bidder with the expressed
agreement and understanding that City reserves the right that if any
portion or provision of this bid and /or any contract between Bidder
and City entered into by virtue thereof is invalid, the remainder of
this bid and /or resulting contract at the option of the City shall
remain in full force and effect, and not be affected by said invalid
portion or provision.
Dated this the 23rd day of August , 1984.
BIDDER: Round Rock National Bank
BY: 7'\Jtni�".CJ • / Y�.��
Hobert D. Wilson, Jr.
TITLE: President & CE0
ROUND ROCK
NATIONAL BANK
P.O. Box 400
Round Rock, Texas 78680 -0400
•
City of Round Rock
DEPOSITORY BID
r ;
CITY COUNCIL
CITY OF ROUND ROCK
ROUND ROCK, TEXAS
Gentleman:
DEPOSITORY BID FORM
The undersigned, a (state) (national) banking corporation, hereinafter called
Bidder, for the privilege of acting as Depository of the City of Round Rock,
Williamson County, Texas, hereinafter called City, for a term of two years,
beginning October 1, 1984, and ending September 30, 1986, and for the further
privilege of receiving all funds, at its option to place on demand or interest
bearing time deposits, Bidder will pay City as follows:
1. Single maturity time deposits of $100,000.00 or more:
Q 4. 376 =___ _- less (strike out one) than the asked rate for
U. S. Treasury Bills as stated in the Wall Street Journal maturing
closest to the maturity date of the time deposit being purchased.
2. Single maturity time deposits of less than $100,000.00:
0.3 7s' z-esterc or less (strike out one) than the asked rate for
U. S. Treasury Bills as stated in the Wall Street Journal maturing
closest to the maturity date of the time deposit being purchased.
3. Bidder will pay the City interest on demand balances at the rate
of . 2, Z interest on net daily average collected balances
on all City accounts, compounded daily and paid monthly. For all
City demand accounts which have a net daily average collected
balance below $2,500.00, the Bidder will pay the City interest
at the rate of 2.11.
4. £ O %interest rate to be paid by City to Bidder on overdrafts
or their equivalent. (Overdraft as used in this paragraph shall
mean that City does not have a compensating balance in other funds
or accounts in the then current year in Bidder's bank.)
5. Bidder will make short -term loans to the City for a maximum amount
of '��4 e00- at 3.0 Z meee — less (strike out
one) than the prime interest rate as stated in the Wall Street Journal
on the day the loan is made. All loans to the City will be in the
form of properly executed promissory notes for any legal purpose,
as stated under present Texas laws.
f tY.
6. Bidder will charge Cit `Q for keeping City's deposit records
and accounts for the period covered by this bid. Included in and
required as a part of this duty are the following:
(a) Preparation of Monthly Statements showing debits, credits and
balance of each separate fund.
(b) Preparation of all accounts, reports, and records.
(c) Preparation of such other reports, accounts and records which may,
from time to time, be required by City in order to properly discharge
the duties as provided by law of Depository.
(d) Furnishing of the quantity, quality and type of checks necessary
for City's use during the period for which this bid is submitted.
7. Bidder shall furnish to City a bond, or in lieu thereof pledged approved
securities in an amount sufficient as determined by the City Council of
City to adequately protect the funds of the City deposited with Bidder.
City reserves the right to alter from time to time the required amount
of securities to be sufficiently adequate to protect said funds and
to approve or reject the securities so pledged. Acceptable securities
may include bonds of the United States, or bonds of the State of Texas,
or bonds of any county, city, town, or independent school district
in the state. Bidder shall have the right and privilege of .substituting
securities upon obtaining the approval of City, provided the total •
amount of securities deposited is adequate as herein provided.
8. This bid was requested by City and is made by Bidder with the expressed
agreement and understanding that City reserves the right that if any .
portion or provision of this bid and /or any contract between Bidder
and City entered into by virtue thereof is invalid, the remainder of
this bid and /or resulting contract at the option of the City shall
remain in full force and effect, and not be affected by said invalid
portion or provision.
Dated this the 23rd day of August , 1984.
BIDDER: Firs
BY:
TITLE' resident
J
tional Bank of Round Rock
■
•
FIRST
NATIONAL
BANK
OF ROUND ROCK
POST OFFICE BOX 5
ROUND ROCK, TEXAS
78664
CITY COUNCIL
CITY OF ROUND ROCK, TEXAS