Meeting Type: BCC Regular Meeting
Meeting Date: 5/20/2025
Item Status: New
From: Tara Hazelbaker, Director of Finance
Submitted by: Tara Hazelbaker, Director of Finance
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ITEM TITLE
Title
Renewal of Fiscal Agent Contract with Hancock Whitney Bank
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STAFF RECOMMENDATION
Recommendation
Amend and extend the current Fiscal Agent Services Agreement with Hancock Whitney Bank.
The extended/amended Agreement will commence on July 2, 2025, and will expire on July 1, 2028, with one (1) option to extend for an additional thirty-six (36) month term.
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BACKGROUND INFORMATION
Background: The renewal continues the Commission’s existing banking relationship with Hancock Whitney Bank under largely unchanged terms, with one optional 36 month extension. Hancock Whitney Bank adjusted interest rates to reflect market conditions.
Previous Commission action/date: May 3, 2022 - Previous Fiscal Agent Agreement with Hancock Whitney Bank approved (Item BM1).
FINANCIAL IMPACT
Total cost of recommendation: N/A
Budget line item(s) to be used: N/A
If this is not a budgeted expenditure, does the recommendation create a need for funding? N/A
LEGAL IMPACT
Is legal review necessary for this staff recommendation and related documents?
No
Reviewed/approved by: N/A
Additional comments: N/A
ADVERTISING REQUIREMENTS
Is advertising required for this recommendation? No
If the proof of publication affidavit is not attached, list the reason: N/A
FOLLOW UP IMPLEMENTATION
For time-sensitive follow up, select deadline date for follow up: N/A
Individual(s) responsible for follow up: Finance & Accounting
Action required (list contact persons/addresses if documents are to be mailed or emailed): Admin: Obtain Chairman’s signature. Finance/Accounting to email signed agreement to Hancock Whitney Bank for execution.
Additional instructions/notes: Admin - place in tickler