HomeMy WebLinkAboutReso 2002-105 - Banking Service Agreement J
RESOLUTION NO. 2002- /0 5
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF REDDING APPROVING ENTERING INTO
BANKING SERVICE AGREEMENTS WITH WELLS
FARGO BANK (BID SCHEDULE NO. 3548).
WHEREAS,at its regular meeting on July 2,2002,the City Council awarded Bid Schedule
No. 3548 to Wells Fargo Bank for banking services; and
WHEREAS, pursuant to this award, numerous banking service agreements require
acceptance by the City;
NOW,THEREFORE,BE IT RESOLVED that the City Council hereby approves entering
into the following agreements with Wells Fargo Bank, National Association, for a period not to
exceed five years:
(1) Contract for Deposit of Moneys
(2) Commercial Account Agreement
Acceptance of Services
Master Agreement for Treasury Management Services
Commercial Depository Service Description
Target Balance Account Service Description
CheXstorSM Service Description
Payment Authorization Service Description
ACH Services Description
ACH Services Security Procedure Agreement Description
Account Reconciliation Plan Service Description
Positive Pay—Pay Default Service Description
Wire Transfer Services Description
(3) WellsNet® Wire Transfer Addendum to Wire Transfer Services Security Procedures
Agreement(Internet Delivery)
(4) Wire Transfer Services Security Procedure Agreement
Commercial Electronic OfficesM (CEO) Service Description
Information Reporting Service Description
Stops—Photocopy—Search Service Description
Corporate Cash Management Account and 4-way Sweep Option Service
Description
(5) Master Repurchase Agreement
Annex I—Supplemental Terms and Conditions
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(6) Overland Express & Overland Express 4-way Sweep Option Service Description
(7) Commercial Checking Account Authorization&Agreement(Signature Card)
(8) Wells Fargo Merchant Services
(9) Wells Fargo Institutional Trust& Custody.
BE IT FURTHER RESOLVED that the City Manager is authorized to sign the agreements
and related documentation on behalf of the City.
I HEREBY CERTIFY that the foregoing resolution was introduced, read and adopted at
a regular meeting of the City Council on the 2t day of July, 2002, by the following vote:
AYES: COUNCIL MEMBERS: Pohlmeyer, Stegall and Kight
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: Cibula and McGeorge
ABSTAIN: COUNCIL MEMBERS: None
tz--E
PAT KIGHT, ayor
Attest:
•
01/:
Connie Strohmayer, Ci lerk
Form Approved:
W. Leonard Wingate, Wiy Attorney
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