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Dickinson ISD board extends depository contract with Texas First Bank for two years
Summary
The board approved a two-year extension of the district’s depository relationship with Texas First Bank under the district’s District of Innovation status.
The Dickinson Independent School District board on July 14 approved a resolution to extend the district’s depository contract with Texas First Bank for two additional years under the district’s designation as a district of innovation.
Mr. Boone presented the recommendation that the district continue its relationship with Texas First Bank, noting the bank has provided service for a number of years and that district staff (Logsdon and Hudson were cited) supported continuing the contract. A board member moved to accept the resolution; the motion was seconded and approved by voice vote.
Discussion versus action: the item was presented as an action item with a board motion to adopt the resolution. The transcript records a motion, a second and a unanimous voice vote. No financial terms, contract extension effective date or contingency language were stated in the open-session remarks.
Authorities referenced: the board noted that as a district of innovation it may take specified contracting actions; no statutory citations were read for the depository item in open session.
