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McAllen commissioners approve contracts, grant application and quarterly investment report
Summary
The commission approved a bank depository contract award, construction and architectural contracts, a USDOT Safe Streets grant submission for an underground pedestrian crossing requiring a 20% local match, and heard a quarterly investment report showing a $184.5 million ending book value and a 4.29% weighted average yield.
McALLEN, Texas — The McAllen City Commission on Monday approved multiple procurement and budget items, authorized a federal grant submission and received the city’s quarterly investment report.
Banking and contracts: Commissioners approved the Audit & Investment Committee’s recommendation to award the depository bank services contract to PlainsCapital Bank for an initial term from Aug. 1, 2025, through July 31, 2028, with two one‑year extensions at the city’s discretion. Under bids and contracts, commissioners approved a $61,107 award of contract to Celso…
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