HomeMy WebLinkAboutReso 2006-174 - Wells Fargo Bank
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RESOLUTION NO. 2006 - 174
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF REDDING APPROVING ENTERING INTO BANKING
SERVICE AGREEMENTS WITH WELLS FARGO BANK
(Bid Schedule No. 3937).
WHEREAS, at its regular meeting on September 19,2006, the City Council awarded Bid
Schedule No. 3937 to Wells Fargo Bank for banking services; and
WHEREAS, pursuant to this award, numerous banking servIce agreements reqUIre
acceptance by the City;
NOW, THEREFORE, IT IS RESOLVED that the City Council hereby approves entering
into the following agreements with Wells Fargo Bank, National Association, for a period not to
exceed eight 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 Condition
6. Overland Express & Overland Express 4-way Sweep Option Service Description
7. Commercial Checking Account Authorization & Agreement (Signature Card)
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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 19th day of September, 2006, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
COUNCIL MEMBERS: Dickerson, Mathena, Pohlmeyer, Stegall, and Murray
COUNCIL MEMBERS: None
COUNCIL MEMBERS: None
COUNCIL MEMBERS: None
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Attest: - ~ ,'.",
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Form Approved:
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Clerk
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CONNIE STROHMAY-K
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