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NOTICE TO BANKING INSTITUTIONS WITHIN THE CITY OF PARIS Notice is hereby given that Governing Body of the City of Paris, subject to the provision of Chapters 105 and 131 of the Texas Local Government Code, will receive bids and applications from all interested banking institutions within the City of Paris to serve as prime depository of the City of Paris and maintain custody of the funds of the City for a period of two years from March 1, 2023 through February 28, 2025. Any such application shall be delivered to the office of the City Manager located in City Hall prior to 3:00 P. M., Monday February 20, 2023. The City will accept bids only on the basis herein after described. It is required that each bank bid by filling in all blanks and agreeing to the following specifications: Bank will pay to City interest on time deposits in accordance with the following schedule: CERTIFICATES OF DEPOSIT UNDER $100,000 MATURITY RATE 7-13 days T-bill plus or minus 80 basis points 14-29 days T-bill plus or minus 70 basis points 30-59 days T-bill plus or minus 60 basis points 60-89 days T-bill plus or minus 50 basis points 90-179 days T-bill plus or minus 50 basis points 180-365 days T-bill plus or minus 50 basis points *Cert fcates of deposit shall have a rate floor of 2.00% APR and a rate ceiling of 4.75% APR CERTIFICATES OF DEPOSIT OVER $100,000 7-13 days T-bill plus or minus 80 basis points 14-29 days T-bill plus or minus 70 basis points 30-59 days T-bill plus or minus 60 basis points 60-89 days T-bill plus or minus 50 basis points 90-179 days T-bill plus or minus 50 basis points 180-365 days T-bill plus or minus 50 basis points *Certificates of deposit shall have a rate floor of 2.00% APR and a rate ceiling of 4.75% APR The Wall Street Journal publishes the 26 week treasury -bill yield based on the results of the most recent treasury -bill auction. Rates for certificates of deposit under this contract must be tied to this 26 week treasury -bill yield. The rates should be quoted either plus or minus a given number of basis points from this 26 week treasury -bill yield. Farmers Bank & Trust agrees to provide Certificate of Deposit rates based on the 26 week Treasury Bill asked rate (as quoted in the Wall Street Journal) on the date of investment with rate remaining fixed for said term. 3 1 P a g e