HomeMy WebLinkAboutReso. 1986 - 254 - Approving the banking services contract between the city of redding and first interstate bank of california JEW
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RESOLUTION NO. CpC - ;Llr I
A RESOLUTION OF THE CITY COUNCIL OF THE CITY PF REDDING
APPROVING THE BANKING SERVICES CONTRACT BETWEEN THE CITY OF
REDDING AND FIRST INTERSTATE BANK OF CALIFORNIA, AND
AUTHORIZING THE CITY TREASURER TO SIGN SAME.
BE IT RESOLVED by the City Council of the City of Redding as
follows:
1 . That the City Council of the City of Redding hereby
approves the attached Banking Services Contract between the City
of Redding and First Interstate Bank of California; and
2. That the City Treasurer of the City of Redding is hereby
authorized and directed to sign all necessary documents on behalf
of the City of Redding, and the City Clerk is hereby authorized
and directed to attest the signature of the City Treasurer and to
impress the official seal of the City of Redding on the aforesaid
Banking Services Contract, when appropriate.
3. That a true copy of said Banking Services Contract is
attached hereto and incorporated herein by reference.
I HEREBY CERTIFY that the foregoing Resolution was intro-
duced and read at a regular meeting of the City Council of
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the City of Redding on the 15th day of September , 198,6 , and was
duly adopted at said meeting by the following vote:
AYES: COUNCIL MEMBERS: Carter, Dahl , Gard, Johannessen, & Fulton
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAIN: COUNCIL MEMBERS: None
4 _,-,,
LEE D. FULTON, M.D. , Maydr
City of Redding
ATTEST:
ETHEL A. NICHOLS , City Clerk
FORM APPROVED:
. AliDALL A. HAYS, Cit Attorney
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of California
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September 15, 1986
Ms. Peggie R. Linville
City Treasurer
City of Redding
760 Parkview Avenue
Redding, CA 96001-3396
Dear Peggie:
The Banking Services Contract is made and entered into this 15th day of
September, 1986, by and between the City of Redding and First Interstate
Bank of California. The City wishes to exclude Lockbox services at this
time.
The Banking Servicns Conttaat is the i;:,oczpc-J:aticn a Eankin9 Services
Proposal (Exhibit A) , the City's Request for Proposal (Exhibit B) and
the Standard Prices -• Business Account (Exhibit C) . In the event of any
conflict between any provisions of the Bank's proposal or the City's
Request for Proposal, the proposal the Bank has submitted will
supersede.
Pricing for Banking Services will be guaranteed to June 30, 1187, which
will result in no adjustment in pricing until the Bank makes Its yearly
adjustment in March, 1988. Thereafter, unit prices will be adjusted to
the price charged by the Bank to its corporate custolls in 4 Redding
area. NO documentation other than the Bank's new price list will be
required.
The proposed target Bane to begin these services is November 1, 1986.
By that time if either party is unable to fulfill this contract, the
City may give notice to First Interstate Bank of California of an intent
to select from the remaining proposals or call for new proposals.
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Ms. Peggie R. Linville
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September led, 1986
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The parties hereto have caused this Banking Services Contract to be
executed by their respective officers thereunto duly authorized as the
day and year above written.
Sincerely,
First Interstate Bank of California, a
California 7r-,: ration
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C.D, Bugler, Vice President
Barbara A. Hamill, Assistant: Vice President
City of Redding, a
Municipal Corporation
By:
Peggie R. Linville, Treasurer
Attest:
City Clerk
"City'
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