HomeMy WebLinkAboutRES 2673 CITY OF RENTON, WASHINGTON
RESOLUTION NO. 2673
A RESOLUTION OF THE CITY OF RENTON, WASHINGTON
DESIGNATING THE DEMAND DEPOSIT ACCOUNT DEPOSITORY
AND AUTHORIZING EXECUTION OF AN AGREEMENT THEREFOR
WHEREAS the City of Renton heretofore called for bid proposals
for the furnishing of demand deposit account and other commercial
banking services required by the City of Renton, all in accordance
with the Specifications, and
WHEREAS pursuant to said call, bid proposals were received
and opened on or about February 27 , 1987 , and
WHEREAS the proposal submitted by Old National Bank was
thereafter on March 16, 1987 , accepted by the City Council of
the City of Renton as the lowest and most beneficial offer to the
City,
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RENTON,
WASHINGTON, DO RESOLVE AS FOLLOWS:
SECTION I: The City hereby designates Old National Bank
to be the demand deposit account depository for the City of Renton
for a period of three (3) years, or as otherwise specified in the
attached Agreement, commencing as of May 1, 1987 .
SECTION II: The Mayor and City Clerk are hereby authorized
and directed to execute the attached Agreement, which is incorporated
herein as if fully set forth, between the City of Renton and Old
National Bank.
PASSED BY THE CITY COUNCIL thisl 6th day of April, 1987 .
Maxine E. Motor, City Clerk
APPROVED BY THE MAYOR this 6th day of April, 1987 .
Appro ed as tofo bubplt,� �^- �?i1�1 USD ,�,
:am Barbara Y. ShinpocR, Mayor
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