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Killeen council approves consent items including bank custody services, airport lease and grant application
Summary
City council approved a slate of consent items including a custody-services contract for municipal investments, authorization to apply for a vehicle- and catalytic-converter-theft grant, and a new airport hangar lease.
The Killeen City Council on Jan. 7 approved a slate of consent items that include awarding custody services to US Bank, authorizing steps to pursue a criminal-vehicle grant, and approving a long-term hangar lease at Killeen Regional Airport.
City staff recommended awarding request-for-proposal 24-25-05 for custody services to US Bank at an estimated annual cost of $17,100. Staff said custody services are where a financial institution holds the city’s securities and bond assets; the change followed the city’s earlier depository transition away from PNC Bank. In presenting the item, staff said the city…
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