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Ordinance No. 6,888940113 -2 ORDINANCE NO. 6888 • AN ORDINANCE ACCEPTING THE PROPOSAL OF BAYTOWN STATE BANK FOR BANKING SERVICES AND AUTHORIZING THE PAYMENT BY THE CITY OF BAYTOWN OF THE SUM OF THIRTY -SEVEN THOUSAND NINE HUNDRED FIFTY -FIVE AND 50/100 DOLLARS ($37,955.50) ; MAKING OTHER PROVISIONS RELATED THERETO; AND PROVIDING FOR THE EFFECTIVE DATE THEREOF. WHEREAS, the City Council of the City of Baytown did authorize the Purchasing Department for the City of Baytown to advertise for sealed competitive proposals for banking services to be received December 6, 1993; and WHEREAS, notice to bidders as to the time and place, when and where the proposal would be received was published pursuant to the provisions of Section 74 of the Charter of the City of Baytown; and WHEREAS, all proposals were opened as per published notice, and following review of the proposals, the proposal most advantageous to the City by a responsible offeror was determined; NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS: Section 1: That the City Council of the City of Baytown hereby accepts the proposal of Baytown State Bank for banking services for the sum of THIRTY -SEVEN THOUSAND NINE HUNDRED FIFTY -FIVE AND 50/100 DOLLARS ($37,955.50), as the most advantageous proposal to the City of Baytown by a responsible offeror, and authorizes payment thereof. Section 2: That pursuant to the provisions of Texas Local Government Code Annotated S 252.0481 the City Manager is hereby granted general authority to approve any change order involving a decrease or an increase in costs of Fifteen Thousand and No/ 100 Dollars ($15,000.00) or less, provided that the original contract price may not be increased by more than twenty -five (25 %) percent or decreased by more than twenty -five (25 %) percent without the consent of the contractor to such decrease. Section 3: This ordinance shall take effect immediately from and after its passage by the City Council of the City of Baytown. INTRODUCED, READ and PASSED by the affirmative vote of the City Council of the City of Baytown this the 13th day of January, 1994. • PETE C. ALFARO, Mayor _._ • ATTEST: EILE P, , C ty Clerk ACI RAMIREZ, , C ty Attorney IgaUca =Wl- 13- 94"&nNMG Pi 940113 -2a